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Probability of a Rollover in Powerball.Reply
I suspect you're right. Of course we may not find out if someone wins the jackpot. There is roughly a 1/4 chance of that happening this draw.In the recent MM jackpot running to $250M annuity, the breakout occurred when the advertised jackpot reached $172M, so powerball is already late.
Oct 6, 2005, 1:55 pm - Prob988 - Jackpot Games Forum

Lottery winner hangs self 7 years after collecting winReply
It's obvious that he would have needed a perpetual annuity but from the sound of it I doubt it would have saved him. Some people just are immature at best and clearly can't handle money wisely. He had a long criminal record and sounded like he couldn't even handle life responsibly let alone money.
Oct 6, 2005, 9:46 am - dvdiva - Lottery News

Probability of a Rollover in Powerball.Reply
The powerball has rolled over again with the cash value predicted to be $101.7M. The calculated cash jackpot for the last run, using the rules pasted on the Iowa website (cash value = 0.2986451 of sales = 0.65771*0.493) was about $89.2M. This suggests that the lottery expects to sell for this jackpot advertised at $205M annuity, $41.7M in tickets. The probability distribution for the likely number of winners is given in the following table: 075.17%121.45%23.06%30.29%40.02%
Oct 6, 2005, 8:40 am - Prob988 - Jackpot Games Forum

Dealing with your family when you won.Reply
I plan on giving my family a percent of the prize if I win. Just nothing after that. If you play for big prizes like I do life is too short to be greedy with the people you are close too. For those that had less control on their spending habits I would put them on a perpetual annuity.
Oct 6, 2005, 1:51 am - dvdiva - Jackpot Games Forum

cash percentages for PB and MM?
Hey does anyone know the average percentage of the Jackpot for the cash values for powerball and Megamillions? Powerball always seems lower. I know this has a lot to do with bond values and annuity interest rates at the given time of drawing, but I was just wondering if Powerball was consistenly lower than MM why this would be? Is more of the money being used for the state benificiaries? Just curious
Oct 5, 2005, 11:37 pm - WakeUpDifferen - Lottery Discussion Forum

Should criminals collect jackpots?Reply
acroym007,I agree, the States can impose such rules. Some years back Ohio had a rule that a lottery ticket could only collect an amount equal to a $20M annuity regardless of the jackpot size. When their sales went down, they eliminated that rule, but their sales never came back to the level they were before that rule and their lottery jackpots are a lot smaller these days.RJOh
Oct 5, 2005, 9:35 pm - RJOh - Lottery Discussion Forum

Lottery winner hangs self 7 years after collecting winReply
I would disagree with your point that this doesn't have anything to do with the cash/annuity debate. In fact, I think this is the perfect illustrative example of why both options should be there. I see the cash option and his demise as tightly linked in this case.
Oct 5, 2005, 11:27 am - Todd - Lottery News

Lottery winner hangs self 7 years after collecting winReply
That's why I always say that people should not blindly say always choose cash . It is highly dependent upon the individual, and their capability to handle money.Even if someone says that everyone should always choose cash, and then always invest the money, the fact is that most lottery winners are not accustomed to anything except living from paycheck-to-paycheck, so they really don't understand the concept of investing. The Annuity option is a good way for some people to be forced to conse
Oct 5, 2005, 10:32 am - Todd - Lottery News

A Question for some Old TimersReply
The post-win cash/annuity decision would not be a problem in NY or NJ. You have to choose when you buy the ticket. You cannot change your mind later.The group grope does raise a question though. In NJ some one has to sign the ticket. Who signs for the group? How do the taxes go after that? I guess you could solve that with an LLC, but who wants that bother - until after the win.
Oct 4, 2005, 3:45 pm - Chewie - Lottery Discussion Forum

A Question for some Old TimersReply
As far as pools go any pool over 10 people is inviting more problems than it's worth. Some members might want cash other's annuity. Unless the pot is over 200 million who's going to be happy with the split of say an 80 mill pot after taxes for 100 members.Any pool between different states might involve some form of contractual agreement. And aren't some states not allowed these pool arrangements?And even buying 5000 tickets won't guarantee a jackpot win or even enough to pay off the initial inve
Oct 4, 2005, 2:27 pm - four4me - Lottery Discussion Forum