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Maryland Seniors Win $175,000 Mega Millions Lottery PrizeReply
Quote: Originally posted by CASH Only on May 20, 2004No way they would have taken the annuity if they won the jackpot!!Why not? When you die the balance of the annunity amount is pasted on to your relatives. Nothing is loss. The annunity is guaranteed.Chas
May 21, 2004, 3:47 am - keystonechas - Lottery News

What was yesterday's PB cash value?Reply
Quote: Originally posted by keystonechas on May 21, 2004How does the lottery officals come up with the cash value? Some where there must be a mathematical formula which we all could use to figure this out for ourselfs?ChasThanx to all who supplied the missing data.It is generally not possible to accurately back calculate the cash value from the annuity value since this value is a function of interest rates, and unless you work in the financial sector, you are unlikely to know the rates used for
May 21, 2004, 3:19 am - prob987 - Jackpot Games Forum

Experts advise to take cash optionReply
We do understand that we will pay taxes on lump sum and on the annuity after before your yearly payout don't we? I say take the lump sum and learn how to manage your investments, so when you pay someone else to do it you understand what is going on with your account(s).(less chance of getting ripped of) I'm not saying get a college degree, but you can get someone to teach more than the basics in a way that you totally understand(you've got the money and the time). Take the money and run I say.
May 21, 2004, 1:41 am - bowldog - Lottery News

Experts advise to take cash optionReply
Quote: Originally posted by tg636 on May 20, 2004I'm still not persuaded. I may be locked into it, but I am locked into getting the amount of the jackpot I won, so what have I lost? Why not take the cash and buy your own annuity? Then YOU control it, not the state.
May 20, 2004, 7:49 pm - smd173 - Lottery News

What was yesterday's PB cash value?Reply
According to http://www.lotterybuddy.com/powerball/ is was $12.3 million.Does anyone know of an official website that publishes the cash value after the draw. The official Powerball site publishes the estimated cash value before the draw. The annuity and cash value are usually adjusted after the draw when the final sales figuues are known.Thanks,Jake
May 20, 2004, 12:42 pm - Jake649 - Jackpot Games Forum

UK Lottery Winner Nearly BrokeReply
This is why you choose the annuity!It protects you from acting stupid. You can blow all your money for one year and come to your senses and still have 25 years left!
May 19, 2004, 3:58 am - ChazzMatt - Lottery News

Question on interesting scratch ticketsReply
Wonderer:You probably should not play that game. Almost all the million-dollar scratch games in Mass are ANNUITY-ONLY (as well as your 6/42 6/49)
May 18, 2004, 8:40 pm - CASH Only - Instant ("Scratch-Off") Games Forum

UK Lottery Winner Nearly BrokeReply
Shades of that Curtis One Million Bucks guy with the Derby hats who came to get his money with his wife and girlfriend. He went broke, his annuity ran out, and he's still working.
May 16, 2004, 3:37 pm - megamillionaire - Lottery News

New York Lotto Hits $50 Million MarkReply
i will give you that. they should offer a cash option on their scratch games, especially the ones that have annuity values less than $1 million.
May 14, 2004, 4:33 pm - DoctorEw220 - Lottery News

UK Lottery Winner Nearly BrokeReply
or the pound. you know what i mean. perhaps he should hqave invested his money into an annuity instead of pissing away the lump sum. that way, he wouldn't be in his situation.
May 14, 2004, 3:44 pm - DoctorEw220 - Lottery News