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WARNING: NY King Kong scratchReply
The only games I play are Powerball, Wild Card 2 and Pick 3 and every once in a while I'll pick up a scratch-off. I think some of the scratch-offs are annuity only, but I don't play them that often. SO I guess I am on the side of Cash. =)
Dec 4, 2005, 1:35 pm - bellyache - Instant ("Scratch-Off") Games Forum

$500 Million Jackpot!Reply
Most people on this board say cash is the only way, but in many ways I agree with Iesha. Although I would try to make my own decisions, my past experience with financial planners has been very negative, so it would be hard for me to choose the right person to invest my money. Although logic would tell me not to take the annuity, sometimes I wonder if knowing you'll have that big check every year gives people peace of mind. Sure you can definitely make more with the cash option as you invest in
Dec 3, 2005, 8:19 pm - justxploring - Lottery Discussion Forum

$500 Million Jackpot!Reply
Iesha, the annuity payments only increase if you won the Powerball jackpot, which is not likely to get to $500 million due to its share the wealth feature. Mega Millions still pays only an equal amount each year, without adjusting for inflation.
Dec 3, 2005, 1:10 pm - ryanm - Lottery Discussion Forum

WARNING: NY King Kong scratchReply
$320K? That's good money, especially when I'll be getting the same amount next year. Just put $100K per year from that into CD's and bonds, and I'll be set even past the 25 years. That's a good prize annuity or not. But then again, the odds are pretty high so what's the point of complaining. You won't be winning it.
Dec 2, 2005, 9:56 pm - JimmySand9 - Instant ("Scratch-Off") Games Forum

Californians targeted by Spanish lottery scamReply
It's not quite the same CASH. Because even if you win a million dollars and it is annuity you still have money coming in. People who are scammed lose money, they don't gain any.
Dec 2, 2005, 3:59 pm - bellyache - Lottery News

Million-dollar ticket fight goes before Mass. Lottery boardReply
I agree- but I bet that if the game was an annuity game, it will be tough to get them to change the payout.He will be forced to live until he is 108 to see it all- a damn shame.
Nov 30, 2005, 3:39 pm - DoubleDown - Lottery News

Million-dollar ticket fight goes before Mass. Lottery boardReply
Mr St John should focus on suing to collect his prize in lump-sum, as it was an annuity-only ticket. He is 83 years old. Do you remember 94 (at the time)-yo Louise Outing?
Nov 30, 2005, 1:08 pm - CASH Only - Lottery News

Uncle Sam Wins Your LotteryReply
She was wrong to choose annuity. Back in 1997 the games with cash options required players to make the choice when they bought their ticket. The 60-day rule (adopted by all US lotteries except NY, TX, and MA Megabucks) was signed into law by President Clinton in 1998.
Nov 30, 2005, 12:42 pm - CASH Only - Lottery News

OH Lot O'Play v PA Unlucky for Life
Both games create instant winners. LoP, among other things, has the cash value at exactly 50% of the annuity instead of a floating percentage. UfL does not have a cash option.
Nov 28, 2005, 1:27 pm - CASH Only - Jackpot Games Forum

Uncle Sam Wins Your LotteryReply
She could've reported it as short-term capital gain with a basis of 0, which will be taxed the same as ordinary income. She had already received 3 or 4 annual payments, and then she received a financial settlement from this firm for the present value of the remaining payments less some fee to the firm. It sounds like a fair deal with the funding firm..she received $ 7.1M when the remaining annuity was probably around $ 15 M to $ 16 M.
Nov 27, 2005, 4:36 pm - lchoro - Lottery Discussion Forum