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Minnesota couple claims $180 million Powerball jackpotReply
Yes, if you want detailed information about how the cash and annuity values are determined, go to the USA Mega Powerball FAQ page and scroll down to the question, Why is the cash option different than the advertised jackpot? . I'd recommend checking out the rest of the info on that page too. Other useful pages at USA Mega can be found in the left-side navigation on the site, as well as in the drop-down menus.
May 7, 2008, 10:22 am - Todd - Lottery News

Lottery winner facing tax fraud trial diesReply
Were they really dumb enough to think that they could do that and the IRS wouldn't know or look into it??? Then again, annuity buyers are a shady bunch. Oh and just as I expected with the gambling thing.
Apr 26, 2008, 10:36 am - DC81 - Lottery News

Unemployed N.Y. Man Wins $14 Million LotteryReply
Congrats to the guy. It is heartwarming to hear him say he would take care of those who helped him when he needed it most - his mother and mother-in-law. Here's wishes that he handles his winnings with intelligent decisions. GamerMom - just curious, why would you have optioned the annuity? Just in this instance, or is it your preference?
Apr 22, 2008, 9:34 pm - Piaceri - Lottery News

Unemployed N.Y. Man Wins $14 Million LotteryReply
I thing the last part of your post is unfair. He did just lose his job. He may have had to go into credit card debt to feed his family. :( Correct me if i'm wrong but I think the article also said he had an advisor and lawyer teamed up already. Sounds like he has a decent head on his shoulders. The only thing I would have done differently would have been to take an annuity.
Apr 22, 2008, 8:50 pm - GamerMom - Lottery News

Lottery winner demonstrates the right way to claim a big jackpotReply
Well, I'm looking at the Powerball site right now and it lists a 97mil. dol annuity hit on Jan 16, 08 as unknown cash value $48,478,863.05. perhaps this is the one you're referring to. Won in Louisiana!!!
Mar 26, 2008, 9:03 pm - colthmn - Lottery News

MM/PB Jackpot SizesReply
I dont see any problem with sharing tickets only from drawings where the jackpot is over a certain threshold. You definitely can't limit the sharing to jackpots of a certain size, because that would be a tacit acknowledgement that you are sharing the jackpot rather than the ticket. An agreement that says that you are buying and immediately gifting shares of a ticket for any drawing where the advertised jackpot (specifying either annuity or cash value) is at or beyond some threshold should be cle
Mar 26, 2008, 4:06 pm - KY Floyd - Jackpot Games Forum

Mass. lottery winner dies in house fireReply
The elder Gonsalves is still owed more than $1 million of his winnings. Just goes to show why people should not take their lottery winnings in the form of an annuity.
Mar 25, 2008, 1:20 pm - MaddMike51 - Lottery News

New Florida Lotto playslips a bother to someReply
As a long-term average they can expect to collect almost $46 million for each time they have to pay the $25 million annuity or $15 million in cash. I think that gives them a decent shot at doing a bit more than break even. The Mega Millions jackpot has been hit two draws in row and the Florida Lotto has a much lower matrix. If the base jackpot is only $3 million, they could still have to payoff the $10 and $15 million bonuses. Where exactly does the $15 million in cash come from?
Mar 15, 2008, 9:44 pm - Stack47 - Lottery News

POLL: Best reason for cashReply
I voted for the last payment would probably be chump change. Who knows what that many years of inflation would do. One thing I'd like to know about the annuity. At the end of the 26-29 year spell do they get to keep the original cash amount (ie. you only got the interest payments off of it, none of the principal) or do they gradually pay it so you get 100% of the original principal and all of the interest, minus any applicable taxes of course.
Mar 12, 2008, 8:07 pm - Pinkpansies - Lottery Discussion Forum

POLL: Best reason for cashReply
True, but with the annuity you have to think about the your age. If you are in your 50s or so, would you live the 30 years to receive all of the annuities? If you died prior to all the annuities could your surviving family members pay the lump sum taxes on what remains in the annuities. While the annuities are nice, I would rather take the lump sum and have total control over how and where my money is being used. Call me selfish, but having the lump sum gives me a little more leverage to negotia
Mar 12, 2008, 3:16 am - Bagent - Lottery Discussion Forum