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The odds of both neither, just one.Reply
Type of OutcomeProbability Powerball Rolls.89.76% Megamillions Rolls89.49% Both Roll80.33% Powerball Rolls, MM won9.43% MM Rolls, Powerball won.9.16% Both won.1.08% Either, but not both, won18.60% Expectation Value TypeValue Pretax Powerball cash basis0.346 Pretax Megamillions cash basis0.357 Prize Values MegaMillions Cash Value$31,700,000 MegaMillions Annuity Value$55,000,000 Powerball Cash Value$22,400,000.00 Powerball Annuity Va
Oct 15, 2006, 9:03 am - Prob988 - Jackpot Games Forum

The odds of both neither, just one.Reply
Type of OutcomeProbability Powerball Rolls.90.11% Megamillions Rolls90.82% Both Roll81.84% Powerball Rolls, MM won8.27% MM Rolls, Powerball won.8.98% Both won.0.91% Either, but not both, won17.25% Expectation Value TypeValue Pretax Powerball cash basis0.317 Pretax Megamillions cash basis0.292 Prize Values MegaMillions Cash Value$26,200,000 MegaMillions Annuity Value$45,000,000 Powerball Cash Value$18,000,000.00 Powerball Annuity Va
Oct 12, 2006, 8:31 am - Prob988 - Jackpot Games Forum

The odds of both neither, just one.Reply
Type of OutcomeProbability Powerball Rolls.90.30% Megamillions Rolls90.82% Both Roll82.02% Powerball Rolls, MM won8.29% MM Rolls, Powerball won.8.81% Both won.0.89% Either, but not both, won17.09% Expectation Value TypeValue Pretax Powerball cash basis0.285 Pretax Megamillions cash basis0.292 Prize Values MegaMillions Cash Value$19,800,000 MegaMillions Annuity Value$34,000,000 Powerball Cash Value$13,200,000.00 Powerball Annuity Va
Oct 8, 2006, 1:24 am - Prob988 - Jackpot Games Forum

The odds of both neither, just one.Reply
Type of OutcomeProbability Powerball Rolls.90.46% Megamillions Rolls91.95% Both Roll83.18% Powerball Rolls, MM won7.28% MM Rolls, Powerball won.8.77% Both won.0.77% Either, but not both, won16.05% Expectation Value TypeValue Pretax Powerball cash basis0.262 Pretax Megamillions cash basis0.264 Prize Values MegaMillions Cash Value$14,700,000 MegaMillions Annuity Value$25,000,000 Powerball Cash Value$9,700,000.00 Powerball Annuity Val
Oct 6, 2006, 12:24 am - Prob988 - Jackpot Games Forum

a poll about annuities and lump sumReply
CA LotteryGuy, welcome to lottery post fellow Californian! Thanks for not arguing the tax rate is only 27% or some other low ball rate. Lottery winnings are taxed just like any other income so what would be the big problem. Do you work fewer hours to earn less money so your tax bill will be lower? You just have to make up the tax loss with smart investing, legal moves, deductions, or as Coin Toss said You can always buy a better annuity First, if I hit the big jackpot I would follow my own
Oct 2, 2006, 11:54 am - Preppy - Lottery Discussion Forum

State TaxReply
It is best to hire an excellent lawyer and an excellent CPA. 1. Does your home state (State A) tax out of state gambling winnings or out of state lottery winnings? 2. Are you taking the lump sum or annuity? 3. What was the win date of the lottery? 4. How close is it to your move date? 5. When is the prize paid out? 6. When did you receive it? Once you answered the questions above, you would most likely get a couple of very different answers. Assuming your home state (Sta
Oct 1, 2006, 2:49 pm - Preppy - Lottery Discussion Forum

The odds of both neither, just one.Reply
Type of OutcomeProbability Powerball Rolls.90.55% Megamillions Rolls91.83% Both Roll83.16% Powerball Rolls, MM won7.39% MM Rolls, Powerball won.8.68% Both won.0.77% Either, but not both, won16.07% Expectation Value TypeValue Pretax Powerball cash basis0.247 Pretax Megamillions cash basis0.231 Prize Values MegaMillions Cash Value$8,800,000 MegaMillions Annuity Value$15,000,000 Powerball Cash Value$7,400,000.00 Powerball Annuity Valu
Oct 1, 2006, 10:54 am - Prob988 - Jackpot Games Forum

a poll about annuities and lump sumReply
Floridian, you took the age comment completely wrong! An annuity is often a good way to protect yourself from losing everything should you become ill. However, if someone continues to receive payments as income from a lottery, I don't think that money is protected because it is income. You are actually receiving the interest only on an investment. Someone over 70 might want to contact an attorney to make sure Long Term Care and other important issues are addressed. Also, when you die if yo
Sep 30, 2006, 1:16 am - justxploring - Lottery Discussion Forum

Ga. maintenance man wins Mega Millions lottery jackpotReply
The first sentence of your advice is almost certainly incorrect. Tax laws will be slightly different in each state, but the purpose of states' tax laws are to get what they can, and they've had years to figure all the angles and tweak the laws to their advantage. For the most part, if you earn income while living in a particular state you will owe tax on that income. You don't owe taxes because you claim a lottery prize, you owe taxes because you win a lottery prize. In some cases you may be a
Sep 22, 2006, 1:46 pm - KY Floyd - Lottery News

The odds of both neither, just one.Reply
Type of OutcomeProbability Powerball Rolls.76.58% Megamillions Rolls91.66% Both Roll70.19% Powerball Rolls, MM won6.39% MM Rolls, Powerball won.21.47% Both won.1.95% Either, but not both, won27.85% Expectation Value TypeValue Pretax Powerball cash basis0.801 Pretax Megamillions cash basis0.221 Prize Values MegaMillions Cash Value$7,000,000 MegaMillions Annuity Value$12,000,000 Powerball Cash Value$94,500,000.00 Powerball Annuity Va
Sep 21, 2006, 1:21 pm - Prob988 - Jackpot Games Forum