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Hot Lotto $19+m...& nobody caresReply
Heck, the cash option is larger than the old annuity record!!
Jan 10, 2007, 8:26 pm - ryanm - Jackpot Games Forum

Powerball hits triple digitsReply
Mega Millions' annuity is now also over $100 million!!
Jan 3, 2007, 7:54 am - ryanm - Jackpot Games Forum

To my fellow LP membersReply
Surge...the rule in Ohio is you have 60 days from the date of your claim to choose cash or annuity. There are two Mega Million states (Texas and New York) that say you must choose cash or annuity at time of purchase. Good information on this topic is on the USA Mega Web Site under Mega Millions FAQ and the question After I buy a ticket, can it be changed from annuity to a cash option? What caused the different ways states treat this situation was an IRS ruling a few years back that all
Dec 18, 2006, 2:31 pm - CA LotteryGuy - Lottery Discussion Forum

Mega Millions hit in Ohio- $40 MillionReply
In Ohio there is no box to check for cash or annuity on the playing cards. The winner has sixty days after winning to choose either cash or annuity, if he doesn't than he defaults to the annuity plan. The winner has 180 days to claim his prize other wise.
Dec 4, 2006, 2:58 pm - RJOh - Jackpot Games Forum

New Tenn. congressman wants national lotteryReply
I am guessing that he is considering a replacement to both PB and MM, which I'm not sure I'd be happy with. As for the cash/annuity issue, that is addressed easily by offering both options. What would be interesting, however, is if the annuity could be paid with US Treasury bonds. Then again, if the idea is to pay down national debt, then the last thing you want to do is have an annuity because that would just be adding more debt.
Nov 14, 2006, 2:38 pm - rdc137 - Lottery News

Powerball rolls to $27 millionReply
They're just not expecting as much out of the annuity. Powerball always starts by estimating the cash jackpot based on expected sales and then estimates the annuity based on expected interest rates. However, the first two cash pots were higher because Powerball has to guarantee an opening annuity jackpot of $15 million and their annuities have to increase by at least $5 million per roll, so if they're expecting a lower return they have to increase the guaranteed cash pots.
Oct 8, 2006, 8:38 pm - ryanm - Jackpot Games Forum

a poll about annuities and lump sumReply
Well the issue is that we are not talking about level playing fields. The lottery gets to buy their annuity (most likely zero coupon bonds) before income taxes, while a lottery winner is subject to purchasing an annuity with post income tax funds. This is a HUGE difference; 35% in California, more in other states. As far as You can always buy a better annuity is concerned, there is a lot of truth to that statement. Most likely you can purchase an annuity that is better, i.e. pays a bet
Oct 2, 2006, 1:52 am - CA LotteryGuy - Lottery Discussion Forum

a poll about annuities and lump sumReply
I do have to say that this one topic does get it's fair share of posting. Most states who buy the annuities for the winners of their states lottery has a contract with an insurance company or two, maybe 3 at best just for purchasing said annuity. This is why they don't get the best rates, they are locked in at one rate at the time of the signing of said contract. I know most of you know, you could shop around with the many different insurance companies out there and get a much better rate than t
Sep 29, 2006, 8:36 pm - BaristaExpress - Lottery Discussion Forum

a poll about annuities and lump sumReply
Powerball really didn't lower their cash prize amounts. The cash value is what it is. They only inflated their annuity. If they didn't change the annuity structure, the annuity would just be lower instead of the cash being higher.
Sep 29, 2006, 6:41 pm - ryanm - Lottery Discussion Forum

PB lower odds = greater payout than MM??Reply
While Powerball's annuity jackpots start at $15 million and Mega Millions' annuity jackpots start at $12 million, their cash jackpots start at approximately the same value ($7 million average).
Sep 29, 2006, 6:39 pm - ryanm - Jackpot Games Forum