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Probability of a rollover in PB and MMReply
The Powerball jackpot is has rolled over and is now $12,000,000 annuity dollars. I estimate that this jackpot will have $12.5 million in sales based on experience with early jackpots where the minimum jackpot sizes complicates direct calculation. On this basis the probability that the next jackpot will rollover again is 90%. The probability of there being one winner is 9%, two winners, 0.5% and three winners, 0.02%.Lottobuddy may post small refinements based on history with which I am most l
Mar 18, 2004, 9:40 am - prob987 - Jackpot Games Forum

Probability of a rollover in PB and MMReply
The Megamillions jackport has rolled over, with the cash value rising to 21.9 million from 16.4 million. The annuity value has risen from $27 million to $36 million.The probability of a rollover is 88%. The probability of a single winner is 11%. The probability of two winners is 0.7% and of three winners 0.03%.Good luck!
Mar 17, 2004, 8:26 am - prob987 - Jackpot Games Forum

Indiana woman claims $6.5 million jackpotReply
ThinkBig:She should have taken the lump sum, and THEN shopped around for an annuity.BTW, some states with the 60-day rule use the drawing as when the 60 days begin.
Mar 16, 2004, 9:29 am - CASH Only - Lottery News

Probability of a rollover in PB and MMReply
Quote: Originally posted by prob987 on March 13, 2004The Megamillions jackpot has rolled over on 3/12/04 and is now $27 million annuity dollars. The cash jackpot has jumped from $12.1 million dollars to $16.4 million dollars.This means the lottery is projecting 13.6 million sales for this draw: This translates into a 90% probability of a rollover, a 9% chance of there being one winner, a 0.5% chance of two winners, and a 0.02% chance of there being three winners.Good luck.starting to agree!it
Mar 14, 2004, 8:39 pm - goose - Jackpot Games Forum

Probability of a rollover in PB and MMReply
Quote: Originally posted by prob987 on March 13, 2004The Megamillions jackpot has rolled over on 3/12/04 and is now $27 million annuity dollars. The cash jackpot has jumped from $12.1 million dollars to $16.4 million dollars.This means the lottery is projecting 13.6 million sales for this draw: This translates into a 90% probability of a rollover, a 9% chance of there being one winner, a 0.5% chance of two winners, and a 0.02% chance of there being three winners.Good luck.starting to agree!it
Mar 14, 2004, 8:35 pm - goose - Jackpot Games Forum

Tonight’s PB, fun facts...Reply
So if you take the lump sum AND manage to get a 9% return for 29 years, you'll end up with an extra $33,710.34 a year?On the other hand, if you take the annuity, you get a yearly check for almost $2 mil without having to worry about maintaining a 9% return, plus you can't go crazy and blow the entire wad in a few years. You KNOW you'll get a $2 mil check every year.For me, the peace of mind I'd have knowing I'm getting a steady paycheck is worth $33k a year.
Mar 13, 2004, 11:17 pm - Fwup - Jackpot Games Forum

Probability of a rollover in PB and MMReply
The Megamillions jackpot has rolled over on 3/12/04 and is now $27 million annuity dollars. The cash jackpot has jumped from $12.1 million dollars to $16.4 million dollars.This means the lottery is projecting 13.6 million sales for this draw: This translates into a 90% probability of a rollover, a 9% chance of there being one winner, a 0.5% chance of two winners, and a 0.02% chance of there being three winners.Good luck.
Mar 13, 2004, 1:36 am - prob987 - Jackpot Games Forum

Probability of a rollover in PB and MMReply
The powerball on March 10, 2004 rolled over again and the annuity jackpot has risen to $90 million dollars. The cash value has risen from $44 million to $50.2 million, meaning that the lottery is anticipating about $19 million in sales on this draw. This suggests an 85% probability of a rollover, a 13% of there being one winner, a 1 % chance of there being two winners, and a 0.06% chance of three winners.Good luck!
Mar 11, 2004, 5:24 am - prob987 - Jackpot Games Forum

Online calculator to calculate cashReply
also if you want you can go to Ohiolottery.com on the left hand side of the site click on winning numbers after that click on Cash option value . It will let you put in any amount of cash you think you might be winning and it will calculate annuity payments as well as lump sum values after Taxes....I know this isnt michigan but it might be what you are lokking for..hope it helps
Mar 6, 2004, 4:55 pm - fja - Lottery Discussion Forum

Online calculator to calculate cashReply
For Powerball, the quick and dirty overestimated tax method...Cash Option... Take the advertised cash option value (less than the big number they use) and multiply by 0.65Annuity,,, Take the big jackpot value, multiply by 0.65 and then divide by 30That's itfollow pegleg's instructions for MegaMillionsPowerball example (using current jackpot)Annuity... Payment of $1,516,666.66 per year for 30 years after taxes.Cash.... One-Time Lump Sum payment of $24,895,000.00 after taxes
Mar 6, 2004, 4:12 pm - hypersoniq - Lottery Discussion Forum