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CASH/LUMP SUM VS ANNUITYReply
The thing to remember is that the annuity is the lump sum invested over 20-25 years (however long it is). If youhad the lump sum, you'd invest most of it yourself and make the same if not more - taking the lump sum just removes the state (and state corruption) from the process. I'd feel much better with the lump sum working for me from day one.
Apr 9, 2002, 9:00 am - Guest - Lottery Discussion Forum

New Official Big Game name?Reply
I heard that it would be either MegaGame or MegaMillions . So, I guess it would be MegaMillions. Hopefully Massachusetts will do away with its Mass Millions and change the Megabucks to a format where players can choose CASH or annuity after they win. PS-Don't forget the start of Hot Lotto Sunday in New Hampshire.
Apr 4, 2002, 2:08 pm - Guest - Lottery Discussion Forum

OFFICIAL: New BG odds 1:135 million!!Reply
I doubt the annuity period will change. It'd be nice if PlayBigGame.com would get back online (been down since November 2001) so we can play the new Big Game lotto. We being those not in Big Game states.
Apr 2, 2002, 8:22 pm - Abe - Lottery Discussion Forum

OFFICIAL: New BG odds 1:135 million!!Reply
I wonder if a bigger 2nd prize is in the offing with the Big Game's successor? 250K maybe?I also wonder if seasons tickets will be possible?And might the annuity time period be chopped down from 25 years to 20?Rob
Apr 2, 2002, 5:35 pm - Guest - Lottery Discussion Forum

Hello everyoneReply
Unfortunately you are giving away a lot more than $36 million. If you were to double your money every 8 years you would double that by 16 and another double by 24 so if you figure you get half as a cash option of $36 million it will become $72 million in 8 years ( 7% investment) $144 million at 16 and $288 at 24 years. SO you take your $72 million over $26 years and I will have much more than that. Don't short change yourself unless you know nothing about money then you keep your annuity
Mar 30, 2002, 12:01 am - Guest - Lottery Discussion Forum

Hello everyoneReply
A person can take the lump sum cash invest it @ 7.5% within 7 or 8 years the money would double or be around the same amount as the total payout on the Annuity. In fact the lotteries are making money on 18 years of your money without you realizing any benefits for the extra amount they made on your money
Mar 29, 2002, 11:42 pm - Guest - Lottery Discussion Forum

Hello everyoneReply
If the game requires you to choose when you play, choose CASH/LUMP SUM. If the annuity does not have a cash option (this also applies to scratch tickets) DO NOT PLAY. The trust that you mentioned CAN be opened with a lump-sum lottery check.
Mar 29, 2002, 9:17 am - Guest - Lottery Discussion Forum

Hello everyoneReply
As I stated in other posts, if you have to take an annuity, put it into a trust or an incorporated idenity. If you die before all the yearly payments are made to you, your heirs will have to pay inheritance taxes on the full amount up front that is due you. By having a trust the payments are still made annualy and you or your heirs would pay taxes on the interest when it is drawn out. pegleg
Mar 29, 2002, 9:06 am - pegleg - Lottery Discussion Forum

Hello everyoneReply
Patrick: Makes sense, and I do respect and agree with your opinion. I will admit that ifMA millions or megabucks gets high enough I will play it. yeah it would be nice to have thelump sum option, but annuity isn't all bad. :)The Hot Lotto game sounds interesting, I'll research that one.Thanks again!Michael
Mar 28, 2002, 1:29 pm - someday22 - Lottery Discussion Forum

Hello everyoneReply
I would avoid both Mass Millions and Megabucks since, as you said, there is NO cash option. MA is wrong in forcing winners of either game to receive annuity payments rather than letting players have a choice like in the Big Game. If you were to hit the Big Game, you still can collect in lump sum provided you claim within 60 days. If you're near Connecticut, Classic Lotto is a very worthwhile game (choose after you win.) And, New Hampshire will soon have a Hot Lotto (MUSL multistate game)
Mar 28, 2002, 12:53 pm - Guest - Lottery Discussion Forum