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Mega Millions lottery jackpot highest in 18 months
$530 Million = Annuity
$304.7 Million = Cash Value
Current Federal tax rate for highest income earners is 37%( and anything else the Feds feel you shouldn't have)
$304.7 Million - 37%($112.7 Million) and minus any State Income tax(if applicable) could put you in the $174 Million range......Rough estimate
Jul 17, 2022, 10:57 am - CDanaT - Lottery News
California Scratch Offs
Hi Fun, I've always claimed in person. I've both read on the boards and chatted with folks here in FL who've sent in via mail and never had a problem, but I'm always thinking I'll be the exception, lol. My nearest office is about an hour away so not a terrible drive. I'll save a couple/few before making the trip.
If I ever won a top prize (i.e. one which offers a lump sum or annuity) I'd probably set up a trust and have it claim instead of me as an individual. In this state prizes more than $
Jul 4, 2022, 7:15 pm - Cape $cratcher - Instant ("Scratch-Off") Games Forum
Why isn't there a choice to split the Lump sum and the Annuity?
Just in case anyone missed it:
VIDEO: How are lottery jackpots calculated?
Describes how jackpot money is invested to create the annuity.
Jul 1, 2022, 9:43 am - Todd - Lottery Discussion Forum
$366.7 million Powerball jackpot won in Vermont
For the first time in history, the winning Powerball jackpot ticket was sold at a Vermont retailer, Vermont Lottery officials announced Thursday.
The winning ticket was sold in Middlebury, at the Short Stop gas station on Court Street part of the Jolley chain of gas stations.
The owner of the lucky ticket, who has not stepped forward to claim the windfall yet, won a payout worth $366.7 million spread out over 30 years, which they could take as an immediate cash payout of $208.5 million.
Jul 1, 2022, 7:23 am - Todd - Lottery News
North Carolina Veteran "blessed" by $1 million lottery prize from second-chance drawing
He had the option of taking the prize as an annuity of $50,000 a year for 20 years or a $600,000 one-time payout.
The Raleigh resident chose the latter, taking home $426,060 after federal and state taxes.
He chose the lump sum option Of $600,000.
He was taxed on that amount, not on the $1 million dollars.
Jun 14, 2022, 7:24 am - LottoBux - Lottery News
Michigans turn next - $50 scratcher comming July 5
15 tickets per pack
3.05 to one overall odds
$6,000,000 top prize.....I don't know if that is cash or annuity
$300,000,000 Diamond Riches
Jun 8, 2022, 1:08 pm - Think - Instant ("Scratch-Off") Games Forum
Lotto America
Isn't that usually the way ??? Something odd about the new jackpot increase:::::
Previous draw was at $9.63M/$6.28 Cash
The new draw is $10.09M/$6.38 Cash
So the Annuity goes up $460,000 and the Cash Value goes up only $100,000.
Mar 28, 2022, 12:13 am - CDanaT - Jackpot Games Forum
Did Michigan increase Cash Payouts?
I remember Michigan started the Cash payouts for $1,000,000 annuities at $654,266 before dropping them to $634,517.
I just recently read on the official website that a player selected the Cash amount (which they said was about $693,000 ) instead of the $1,000,000 annuity.
Did they announce they upped the payouts and I just missed the announcement or wasn't there any statement released at all?
Jan 28, 2022, 10:10 pm - Think - Lottery Discussion Forum
Oregon Megabucks 2021
I have three draws left on this ticket and the numbers for Monday night are as follows:
A1.11-33-43-44-47-48
A2.05-13-15-37-39-48
So good luck to the $7.5 million annuity jackpot.-weshar75
Dec 26, 2021, 8:08 pm - weshar75 - Jackpot Games Forum
Oregon Megabucks 2021
Well here are the numbers for Saturday night's jackpot of $7.1 million annuity:
A1.11-33-43-44-47-48
A2.05-13-15-37-39-48
So good luck to me on this 7th drawing left on my multi-draw ticket.-weshar75
Dec 17, 2021, 11:22 pm - weshar75 - Jackpot Games Forum
