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USA Mega adds lottery game start datesReply
Cash:I did not mean to imply that every lottery let's winners make the choice after they win. The IRS only allows it and allows up the lottery to give a winner up to 60 days to make the choice. There are lottery games and lotteries that offer less than the IRS will allow - that is the lottery's option.Annuity games exits; choices that must be made in less than 60 days exist; and being able to only make one change exists.Whew! I think that I've got everything covered now. <G>
Dec 7, 2005, 8:09 pm - chuck32 - Lottery News

USA Mega adds lottery game start datesReply
I remember one winner (MO?) being able to take half the prize in cash and the other through an annuity, and they had only one ticket IIRC.
Dec 7, 2005, 6:09 pm - CASH Only - Lottery News

N.Y. Lottery's King Kong Millions makes 6 millionairesReply
I smell a conspiracy if the winner chose 26 annual payments. The draw was computerized, and NY requires the cash/annuity choice to be made when you buy the ticket, instead of after you win.
Dec 7, 2005, 1:21 pm - CASH Only - Lottery News

Newspaper takes a hard look at the N.J. LotteryReply
REPLY TO CHUCK 32 FROM DEMONTERCHUCK YOU SEEM TO BE CONFUSED REGARDING THE RELATIONSHIP BETWEEN THE GROSS AMOUNT OF THE ANNUITY VS. THE CASH LUMP SUM.CHECK ANY LOTTERY FAQ SECTION REGARDING THE SETTLEMNT OPTIONS
Dec 7, 2005, 6:12 am - demonter - Lottery News

"Don't Kiss Your Money Goodbye"Reply
In Australia, all lottery prizes are tax free and paid in full. If you win 20 million, you get 20 million paid in full, no annuity nonsense. And, all winners have the right, which the vast majority choose, to remain anonymous.
Dec 5, 2005, 5:15 am - goldrush - Lottery Discussion Forum

After Tax Cash JP amountReply
I also look in NJ for a ball park figure of around 40% of the gross jackpot for after tax, cash option. I figure the cash option is about 60% of the annuity option, multiplied bt 65% net for a total of around 39%
Dec 4, 2005, 8:01 pm - MickSeven - Mathematics Forum

WARNING: NY King Kong scratchReply
Usually the for life games (which are annuity-only) are about 10 bucks so I don't play those. I usually play the $1 or $2 scratch-offs which pay all in cash. So I guess I do play all cash games. =)
Dec 4, 2005, 7:54 pm - bellyache - Instant ("Scratch-Off") Games Forum

Giving out lottery tickets for Christmas?Reply
In NY give Mega Millions tickets and/or Instant Take Five scratch tickets ($1 each) as gifts. Do NOT buy a NY Lotto subscription as the payout is only 40%.Elsewhere all games are good except MA Megabucks, OR Lose for Life, PA Unlucky for Life, and various annuity-only scratch games (including lifetime prizes).
Dec 4, 2005, 6:47 pm - CASH Only - Lottery Discussion Forum

Californians targeted by Spanish lottery scamReply
matt:At least there is/was no purchase necessary to enter the magazine and similar sweepstakes (boycott Publisher's Clearing House and don't order any magazines if there were an annuity-only prize). But to play the lottery, you need to BUY a ticket.
Dec 4, 2005, 4:53 pm - CASH Only - Lottery News

WARNING: NY King Kong scratchReply
belly:You need to find out if the scratches (including lifetime games) are annuity-only, and, if so, NEVER play them. (OR Lose for Life is also forbidden.) It's not enough to play them less often. BOYCOTT.
Dec 4, 2005, 1:38 pm - CASH Only - Instant ("Scratch-Off") Games Forum