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The Ultimate Cash vs. Annuity PollReply
Hypersonig:You have to worry about the possibility of your kids paying INHERITANCE TAXES if you die before you receive all the annuity payments. If you ever win, and seek financial, etc advice, they'll almost certainly tell you choose LUMP SUM, regardless of your prize. You also don't know what the future tax rates will be, etc.
Apr 6, 2003, 11:10 am - CASH Only - Lottery Discussion Forum

Tonite's NY Lotto is....Reply
Mega:Actually, the NY Lotto annuity consists of graduated payments (which someone who graduated high school knows to avoid).Someone who makes the WRONG choice in NY Lotto receives 2.5% (before witholdings) in the first check, 2.7% in Year Two, 2.8% in Year Three, 2.9% in Year Four...and 5.0% in the final payment.But, since NY Lotto has a TERRIBLE prize return, I _almost_never_ play NY Lotto, even with the cash option.(Best game in NY is the Instant Take Five scratcher.)
Apr 5, 2003, 9:03 am - CASH Only - Lottery Discussion Forum

Tonite's NY Lotto is....
$38 Million DollarsRemember to ask for annuity when purchasing these tickets. You can't change them later.
Apr 5, 2003, 8:30 am - AnnuityIsGreat - Lottery Discussion Forum

Michigan reveals another $20 tomorrowReply
Brad: As long as you have the CHOICE of cash or annuity. I see your point that the previous two were $2 million cash, which of course is worth more than $100,000/yr in 20 payments. However, it probably means the lower prizes pay better in the new game.
Apr 4, 2003, 11:42 pm - CASH Only - Instant ("Scratch-Off") Games Forum

Take the Lump sum...not Annuity!Reply
RJ: I always try to find out the rules of the different lotto-type games before I play them.Nobody is forced to buy lottery tickets. My point is that the rules of some games DO NOT protect the rights of (potential) lottery players, including that of being able to collect a prize in lump sum instead of in X annual payments.I have sent numerous e-mail messages to the NY and Mass. lotteries complaining about their less-than-total respect of _legal_adults_ who wish to make their own decisions a
Apr 4, 2003, 2:12 pm - CASH Only - Lottery Discussion Forum

NY Lotto Players, BEWARE!Reply
Good advise for those who want too invest there moneybut for people who have other plans taking the Annuity would be just as good as taking Cash.I have a different plan that will make me more money than investing it likeLump Summers would do.
Apr 4, 2003, 11:18 am - Lottowiz34 - Lottery Discussion Forum

New Library DefinitionReply
I'd love to add some more information to the definition explaining why the cash option is usually somewhere around half of the advertised annuity amount. (I didn't vote yet.) Do you want to take a crack at it?
Apr 3, 2003, 6:15 pm - Todd - Suggestions Forum

New Library Definition
CASH OPTION: Offered in many games where the top prize(s) is/are otherwise paid through an annuity. The choice is either exercised when you buy the ticket or after you win, depending on the rules of the game.
Apr 3, 2003, 3:11 pm - CASH Only - Suggestions Forum

Vote rally for big game results & newsReply
Let's reach 500 by tomorrow. Keep up the votes annuity players. Oh, that goes LumpSum players.
Apr 3, 2003, 2:02 pm - AnnuityIsGreat - Lottery Discussion Forum

NY Lotto Players, BEWARE!Reply
NY should always force a Annuity Only option like they do with those wonderful high end scratch off tickets. (ie. Lucky 7s)
Apr 3, 2003, 2:00 pm - AnnuityIsGreat - Lottery Discussion Forum