Search

MORT CRIM: Lottery winners can become losersReply
Quote: Originally posted by CASH Only on July 21, 2004 Lottery winners become losers if they receive annuity payments.No, they become losers because they cannot live within their means. If I was to get 35 thousand/25-28 thousand after taxes a year I would find some way to live within my means. To be honest, they are just plain stupid.MP
Jul 21, 2004, 3:45 pm - MetroPlex - Lottery News

Pepsi Billions... cash or annuity?Reply
Let's say you could invest all your payments at 10%/yr for 40 years...disregarding taxes, spending nothing.Annuity: $3,519,271,551Cash: $11,314,813,892Hmmm, do I want 3 or 11 billion? I'll take the cash payment!
Jul 18, 2004, 5:10 pm - JAG331 - Lottery Discussion Forum

Half.Reply
using PB as an example...Announced jackpot for wednesday...$27,000,000 (estimated and based on a 30 year annuity)Cash (lump sum) value...$14,500,000 (estimated, based on current jackpot amount + projected sales)now, the fun begins...After federal taxes (35%)...$9,425,000now, depending on your state and local tax policies, you may have to pay state and local taxes alsofor my particular situation, PA allows lottery winnings of PA residents to be exempt of state AND local taxes, so If I win on wedn
Jul 18, 2004, 3:36 pm - hypersoniq - Jackpot Games Forum

Probability of a rollover in PB and MMReply
The MM jackpot has rolled over rising to $ 37 million dollars annuity from $29 million. The cash jackpot has risen from 16.4 million dollars to 21.2 million dollars. This means the lottery is anticipating about 15.1 million sales for this drawing.The following table gives for each number of winners, the probability of that number of winners occuring: 089.40%110.02%20.56%30.02%Good luck.
Jul 18, 2004, 3:18 pm - prob987 - Jackpot Games Forum

Probability of a rollover in PB and MMReply
The MM jackpot has rolled over rising to $29 million dollars annuity from $20 million. The cash jackpot has risen from 11.3 million dollars to 16.4 million dollars. This means the lottery is anticipating about 16.1 million sales for this drawing.The following table gives for each number of winners, the probability of that number of winners occuring.088.77%110.57%20.63%30.02%40.00%(The zero for four winners is rounded and represents a nonzero, but small, probability. )Good luck.
Jul 14, 2004, 8:19 pm - prob987 - Jackpot Games Forum

Holy Mackerel - $35 Million UK Lotto!
I hope everyone is playing in Wednesday's UK Lotto draw - $35 million!That's no annuity jackpot - that's lump-sum, tax-free cash!For those who aren't aware, the UK Lotto is a 6/49 game, so the odds of winning the jackpot are around 1 in 14 million, and lower-tier prizes ROCK.It is like playing NJ Pick 6 (6/49) with a $100 million jackpot - now do you understand why you need to be in on this jackpot??If I win:I'm not telling anyone, and,It'll be my first deposit at a Swiss bank account!
Jul 10, 2004, 6:17 pm - Todd - Jackpot Games Forum

UK Lotto for Saturday 7/10/2004Reply
~$20 for a 3 of 6 match and Ohio is promoting their 649 game by offering a free Quick Pick with annuity for a 3 of 6 match, it's a wonder that the U.K. have any money left over for their charities. Ohio normally doesn't pay anything for a match 3 and odds are that won't change even with a free QP. RJOh
Jul 10, 2004, 3:17 pm - RJOh - Jackpot Games Forum

$294M lottery winner is 68-year-old cleaning womanReply
Now you can see how silly it is for Massachusetts to still require winners of Mass Millions (to be retired in September) and Megabucks (soon to be changed) to receive annuity payments.
Jul 9, 2004, 4:00 pm - CASH Only - Lottery News

Annuity Option.Reply
Even with a small jackpot...say 14-20 million, there is a good chance that i would take an annuity. to have all that money up front like that, I don't think it would be a good thing for me.
Jul 8, 2004, 1:36 am - ThinkBig - Lottery Discussion Forum

NY Lotto players...anyone??Reply
CO,Ohio gives you a free Quick Pick with annuity if you match 3, New York gives you a dollar that you can spend any way you want. They both are worth the same, but I would prefer the dollar. A $25M jackpot is the same whether it comes from 40% or 50% of the sales.RJOh
Jul 7, 2004, 9:12 pm - RJOh - Jackpot Games Forum