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MM jumps to $19 millionReply
The annuity is not a record, but the cash value is. The $20 million annuity was only worth $11.2 million cash, while the current $19 million annuity is $11.3 million cash.
Mar 10, 2007, 12:19 pm - ryanm - Jackpot Games Forum

MM PayoutReply
If here had been 1 winner the annuity payments would be only $14.25 million because there are 26 payments, not 20. If you could select the annuity after winning you'd at least know if you were sharing the prize, but if you have to pick ahead of time you could get a lot less than you hoped. Realistically, getting just $1 million a year for 25 years would let you live a very nice lifestyle, but having the lump sum up front gives you a lot more options. If you take the annuity you can always borr
Mar 7, 2007, 2:02 pm - KY Floyd - Jackpot Games Forum

MM PayoutReply
Annuity
Mar 7, 2007, 1:47 pm - emilyg - Jackpot Games Forum

which is best--powerball or mega millionsReply
The cash value of a $400,000,000 Mega Millions Jackpot would be approximately $235,155,600 (according to the current cash value to annuity ratio). This ratio of cash value to annuity would change depending on the interest rate that affects the current market value of government securities used to fund the annuity.
Feb 27, 2007, 3:58 pm - twisted - Jackpot Games Forum

W. Canada Lottery web mistake causes player confusionReply
All Canadian lottery games have a cash option (in this case, C$17 million.) As Canadians are used to all-cash jackpots, and less familiar with annuity prizes than their US counterparts, I doubt an annuity-only Canadian game would fly. In fact, a Canadian winning an annuity lottery prize offered by a Canadian lottery would have to pay tax(es) on the interest that would be an increasing percentage each year of the cheque that they would get in the mail.
Feb 19, 2007, 12:46 pm - CASH Only - Lottery News

Man with terminal illness wins 20-year annuity lottery jackpotReply
The only thing is he bought the ticket thus accepted the annuity only terms.
Feb 2, 2007, 4:26 pm - rdc137 - Lottery News

Man with terminal illness wins 20-year annuity lottery jackpotReply
This is one time where I would support Cash Only in the pursuit of a clause that would permit a cash payout (am assuming average annuity cash payout is around 30% which is far greater then the 10% a buy-out would pay) for annuity only games. Perhaps if the clause read something to the extent of In the event that the collective medical opinion of (xx number) State Board Certified Medical Doctors who specialize in the terminal illness of the Lottery Winner is such that the Lottery Winner coul
Feb 2, 2007, 1:09 pm - SirMetro - Lottery News

Saturday's PB WinReply
If you are talking about taking the annuity for 30 graduated annual payments. Then $15 million annuity is $7 million to $8 million over 30 years after taxes. But if you choose the cash option on a $15 million annuity prize the cash on hand is $7 million. After taxes it is going to be around $3.5 million roughly.-weshar75
Jan 28, 2007, 10:39 pm - weshar75 - Jackpot Games Forum

One more annuity vs cash discussionReply
If you've netted $25 million from the lump sum and lived off of the interest for two years and I've only got about $4 million (a rough approximation of the after-tax net from the first two years of an annuity) you could write a check about 6 times as big as I could. Of course I can always go to the bank and borrow against my future payments to write a bigger check. As a very rough figure, with current rates of about 6% I could potentially borrow about $32 million if I could make annual payment
Jan 16, 2007, 3:21 pm - KY Floyd - Lottery Discussion Forum

One more annuity vs cash discussionReply
The annuity option does have its advantages. For example, the annuity option of the PowerBall is 30 years. Well, if the person takes the annuity option, in about 10 years they will have the same, if not more money than if they had taken the cash option. After that, the person can look forward to 20 more years of big ol' checks.
Jan 13, 2007, 6:08 pm - Guru101 - Lottery Discussion Forum