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$400 MILLION: Powerball jackpot skyrocketsReply
Though I am not an attorney nor a CPA and therefore certainly am not offering legal or financial advice, a downfall can be when an annuity recipient dies. Taxes on the entire remaining amount can become due immediately, even though the amount still has many years of payouts remaining. If this is the latter years it may not be a problem but if someone dies in the early years it could become a nightmare. Before someone says but you can... yes, trusts can be set up to claim the prize possibly, etc.
Aug 4, 2013, 7:58 pm - realtorjim - Lottery News

Jackpot-winning Powerball ticket worth $131.5 million sold in PhiladelphiaNews Story
One jackpot-winning Powerball ticket worth $131.5 million from the June 22 drawing was sold at Federal Beer, 1440 Federal St., Philadelphia. The ticket correctly matched all five white balls 13, 19, 23, 33, and 57, with Powerball number 28 to win a prize of a $131.5 million annuity, or $77.4 million cash, less 25 percent federal withholding. The retailer will receive a $100,000 bonus for selling the winning ticket. It seems Saturday night's 'Super Moon' shone down some 'super luck' on
Jun 23, 2013, 4:27 pm - Todd - Lottery News

Can MM & PB Start Being Honest? Must this farce continue?Reply
We don't pay (play) with dongs here in America. LOL. Yoho, just check the annuity box on your playslip and you will get the annuitized amount. All of it. Or if you croak before you get all of it, your beneficiary will get the rest of it. It's not that hard. Really.
Jun 21, 2013, 11:51 pm - rcbbuckeye - Lottery Discussion Forum

Can MM & PB Start Being Honest? Must this farce continue?Reply
I just thought of a good example. Next time, instead of annuity, they should just say 105,175,000,000 Jackpot! And in fine prints say In vietnamese dongs. Worth about 5,000,000 USD. Doesn't that sound nice? 105 billion jackpot! Actually this example is EXACTLY the same as what powerball/MM is doing. The currencies are different, because of the time value of money. In this case, the PV (Present Value) of 105 billion vietnamese dongs is about 5 million USD
Jun 21, 2013, 7:16 pm - yoho - Lottery Discussion Forum

Post your scratch ticket resultsReply
Exactly..before I knew, they added up to thousands. Even in MA, they just flood the market with duds but people still buy simply looking at the happy faces in winners section on the lottery website. Yeah..they advertise it as a million but thats if winner choses an annuity and you end up taking 400K home after tax if you chose lump sum. Not saying 400K is low but saying there is a huge difference between the 1Mil they advertise and $400K the winner ends up with. And people like me drop thousands
Jun 21, 2013, 12:26 am - accesscapital - Instant ("Scratch-Off") Games Forum

Winner of record $590.5 million Powerball lottery jackpot announcedReply
MacKenzie chose to receive her winnings in a one-time, lump-sum payment in the amount of $370,896,780.84. After taxes, MacKenzie would get about 224 million dollars which is about 38% of the 590.5 million dollars annuity prize.
Jun 20, 2013, 3:34 am - redhot7 - Lottery News

Powerball's 15 million dollar increase - why?Reply
The primary driver is higher yield on the annuity, meaning lower cash value required for same JP, and fully funded can happen earlier. Total sales are only a few million more than the accumulated total for the last run at the same stage of $70M. Combined with increased sales from CA, this is now the new normal.
Jun 13, 2013, 10:25 am - Jon D - Lottery Discussion Forum

6 things to do before claiming your lottery prizeReply
heymaker! Certainly, a FREQUENT lottery player should always know what the advertized annuity jackpot's cash value is worth ... PLUS know what annuitized and cash value amounts are after apx. 48% Federal and State taxes are deducted. That way, if the current NET Amount isn't enough, they can wait until the jackpot grows to meet their criteria. So, everyone pull out your calculator and some paper -- find out what would be your ideal starting jackpot amount to invest in.
Jun 5, 2013, 3:56 pm - HaveABall - Lottery News

Florida Lottery Powerball Winner Announcement Live Video 2:15PM Today 6/5Reply
84 y.o.? I didn't see the press conference so I know I'm reaching here, but I bet she's not going to take the annuity...
Jun 5, 2013, 3:11 pm - ameriken - Lottery Discussion Forum

If you won either the MM/PB JP: How soon would you claim your prize?Reply
the answer for me is simple, when I win, no more than a week or two. Maybe even that Friday, if it's the tuesday or wednesday drawing. No student loans, no mortgage, no kids, single, so no annuity for me, in the words of randy moss, straight cash homey . The family would be taken care of, then i'd travel, first destination, Dubai. I've been there three times before and I loved it everytime. Then i'd hit the road and visit historical military places across the US, with Gettysburg being number one
May 28, 2013, 4:35 am - lottoguysocal - Lottery Discussion Forum