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N.J. woman claims state's biggest-ever scratch-off jackpotReply
Thanks, golfer1960, for your rapid response! I'm so glad you had an old ticket to pull the information off of. Hum, if she takes the cash option of apx. $1.7M after several taxes each coming at different times -- or even the 30-years or so annuity -- it is probably best for her to keep her full-time career until her 60s.
Mar 10, 2015, 1:52 am - HaveABall - Lottery News

Powerball Matrix Change - April 15, 2015Reply
Your state lottery website should have all the gory details for MM and PB. I assume you live in MI, being a Detroit Lion fan. At any rate PB jackpots start at $40 million annuity, which would be approximately $25 million cash value. Increases by at least $10 mill each roll if no one wins it. When it gets higher, as around $100 million, it will increase more than $10 each roll. Did you watch PB when the jackpot was over $500 million and won by three winners in February?
Mar 1, 2015, 9:02 pm - rcbbuckeye - Lottery Discussion Forum

N.C. Powerball lottery winner claims share of jackpot worth $188 millionReply
That was kind of you, Think, to carefully explain all to Sole! Plus, explain about the newish additional 3.8% Federal Medicare Tax that has been going to our Federal Treasury Department's Trust ... instead of Federal Medicare Department Trust [what/why?]! Folks on this site (or any lottery site) rarely write about that biggie federal tax. Consequently, very few lottery ticket gamblers have trained their brains to look at the advertised multi-millions annuity amount and simply divide that numb
Feb 25, 2015, 6:22 pm - HaveABall - Lottery News

Why people who won the jackpot frequently decide to choose money cash over annuity money?Reply
I'm definitely doing a cdars account. Up to $50 million insured is a wonderful thing. I read that the interest rate used to be lower on cdars than other high net worth interest bearing accounts because of how much paperwork and man hours are involved in managing the account, but as with everything to do with the wealthy, the interest rate is negotiable. I'd love to net a 3% return on $10 million per year. That'll be my annuity.
Feb 10, 2015, 11:10 pm - Teddi - Lottery Discussion Forum

Why people who won the jackpot frequently decide to choose money cash over annuity money?Reply
And on my short list of first things to do with a lump sum jackpot: - create an annuity.
Feb 10, 2015, 8:00 pm - WesternRedDoug - Lottery Discussion Forum

Why people who won the jackpot frequently decide to choose money cash over annuity money?Reply
Check out the FAQs on the USA Mega page and the Powerball and MegaMillions pages for answers to that question and other similar ones. Winners to get to designate a beneficiary to receive their annuity. There are plenty of reasons that people opt for the cash option: - age. People want to spend, give and make decisions before they get too old. - winner might think they can invest better and earn more than the sum the annuity will deliver - some of the winners gone bankrupt stories inv
Feb 10, 2015, 7:11 pm - WesternRedDoug - Lottery Discussion Forum

$450 MILLION: Powerball lottery jackpot nears recordReply
Todd, what's your plan Thursday morning when you realize you have the only winning ticket? Lump sum or annuity? Who are you hiring? Lawyers, financial advisors, rabbi, judo coach? If your state doesn't allow anonymity, do you send a hired gun to collect or are you giving a press conference?
Feb 8, 2015, 2:13 pm - Nino224 - Lottery News

$380 MILLION: Massive sales push Powerball jackpot higherReply
If you do win this one make sure to take the cash option and don't go handing out the winnings to every person you meet on your street. You can easily beat the annuity rate by investing the money yourself. I'm in for one row this weekend.
Feb 6, 2015, 8:21 pm - JamesMelony - Lottery News

Will a lotto win bring happiness or satisfaction in your life.Reply
I would like to think that I would keep it simple and try to find happiness that way. When I think about getting a windfall, I try to imagine what it would be like living in my current house without a mortgage and setting up an modest annuity that replaces my current income for years to come. And I could get there with millions and not needing tens- or hundreds- of millions. Naturally, there would be some money set aside for an investment portfolio, occasional big ticket items or experiences
Feb 3, 2015, 1:58 pm - WesternRedDoug - Lottery Discussion Forum

Billion dollar JackpotReply
I voted for this year option. PB is having a matrix change on April 15th (5/66 white balls + 1/32 powerball) which will make the jackpot harder to win, meaning more jackpot rollovers. For that reason, along with the $2 tickets, I can see a billion dollar annuity jackpot sometime in 2015. Honestly though, I'd be happy if I won the base jackpot of $40 million.
Feb 3, 2015, 11:19 am - PrinceRene - Jackpot Games Forum