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$450 MILLION: Powerball sales bonanza sparks early jackpot increaseReply
Annuity is based off the cash and it can fluctuate depending on the cost of financing the prize. I believe MUSL uses the rate for the following business day. The exact prize amount is almost never the same as the advertised....closely estimated but rarely exact. The most accurate figure to look at is the lump sum
Jan 7, 2016, 12:08 am - LottoMetro - Lottery News

60 days to decide if lump sum or annuity, 180 days to claim. Huh?Reply
I've read that the 60 day rule for choosing the annuity or cash option has to more to do with an IRS rule not a lottery rule. Notice how that 60 days to choose is consistent across all the US lotteries while the time frame for ticket expiration varies. I also have seen many lotteries say you have 60 days from when you validate the ticket and others say 60 days from when you win but it was explained to me recently you don't really win until the lottery validates the ticket. Until that point y
Jan 6, 2016, 11:18 am - LottoLucy - Lottery Discussion Forum

60 days to decide if lump sum or annuity, 180 days to claim. Huh?Reply
When you claim in CA there is the Claim form and the Jackpot Election form Lump Sum or Annuity . Plus there are IRS tax forms to fill out too. If you do not fill out the Jackpot Election form there and take it home you will need to have it notarized by a Public Notary. You will have to ask the Lottery officials how much time do you have to return it. Because I do not know.
Jan 6, 2016, 10:14 am - music* - Lottery Discussion Forum

$300 MILLION: Massive Powerball jackpot fuels New Year's dreamsReply
Tonight's jackpot will barely be more than $300M. The lottery set the advertised jackpot based on projected sales, and last estimates put actual sales for tonight's draw at or slightly below the original projections. If the jackpot rolls it will start at $334M annuity. Assuming no winners, I anticipate it will take about 5-6 weeks to reach the big B.
Dec 30, 2015, 8:56 pm - LottoMetro - Lottery News

Florida Lottery Holiday Millionaire RaffleReply
Does anyone know if the $1 million top prize is paid out as an annuity? With all this talk about fraud RNG's I am getting somewhat nervous about the possibility with this raffle being compromised as well....I hope I'm wrong about this suspicion. Good luck to all who have a ticket for tonight's drawing.
Dec 24, 2015, 3:30 pm - Drenick1 - Lottery Discussion Forum

Powerball or Mega millionsReply
It's between the state lotto and MM, depending on how long the state has been rolling over. At the lotto starting level, MM 2nd place looks better than the lotto jackpot(annuity). My plan is one MM ticket with multiplier for each drawing and add lotto only when the jackpot has been rolling over for a while.
Dec 5, 2015, 3:08 pm - ArizonaDream - Jackpot Games Forum

Are you ready for the attention?Reply
I hear ya. I do despise the disconnect between advertised and take home as well. But a CV of $1B seems really unattainable when we can't even get to an annuity of $1 billion. A CV of a billion is going to have a jackpot of at least $2 billion. I know nothing is impossible but the odds of that happening are so low within the current system that it might as well be impossible.
Nov 29, 2015, 6:21 pm - Teddi - Lottery Discussion Forum

Would you consider moving abroad if you won either jackpot?Reply
You're correct, Mexico and Canada are foreign countries, but I doubt the people living in Detroit will say they are going abroad when going to Windsor. Future taxes is not a problem when jackpot winners take the cash, but what about the annuity people; could they move to another country and avoid paying US and state taxes on their payments?
Nov 25, 2015, 4:52 pm - Stack47 - Lottery Discussion Forum

A VERY serious topic.Reply
As music* said above, you can give any number of people an annual gift of $14k each. There's also the estate tax exemption of $5.43 million, which would be the max. amount that could be passed down to your heirs tax free, but you can also give away that much during your lifetime. (the annual gifts don't count against that amount as long as they're $14k or under per person) The kicker is you can't double dip on that amount - whatever you give away of that amount will deduct from that total of you
Nov 12, 2015, 10:10 pm - mikeintexas - Lottery Discussion Forum

Illinois lottery players crossing border to play in other statesReply
Who can blame them?! I now if I lived in IL I would be doing the same thing! If anyone was ever wondering whether to take the annuity or cash option should they hit the lottery jackpot, I think it should be quite clear that the cash option is the only way to go.
Oct 18, 2015, 7:45 pm - Candy-Lane - Lottery News