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Poll: Next round of jackpot frenzyReply
Well there are three parts to it: Set-Aside Account (guaranteed starting jackpots, rollovers), Set Prize Reserve Account (guaranteed set prizes), and Prize Reserve Account (grand prizes claims from system errors, emergencies, etc). They are deducted in that order Set-Aside has max balance of $20 million, SPRA has max balance of $40 million, and PRA has max balance of $80 million. Earlier this year they decided to start deducting 2% once annuity reaches $120 million and 4% when it exceeds $250
Dec 22, 2013, 12:30 pm - LottoMetro - Lottery Discussion Forum

I feel sorry for lottery winners in California in the pass and future...Reply
Curry will only need to claim it as 2013 income if the state transfers the money in 2013. Since Curry submitted her claim as quickly as possible any delay is out of her control, and certainly qualifies as a substantial restriction on her ability to receive it as income by the 31st. Since it generally takes 2 weeks for a state to transfer funds, it's most likely to happen in 2014. FWIW, her immmediate claim could be influenced by the possibility that taxes could be higher if she collects in 2014.
Dec 20, 2013, 11:44 am - KY Floyd - Lottery Discussion Forum

$636 Million Mega Millions jackpot split by 2 ticketsReply
You're ingnoring the data to fit your narrative. Just look at the sales. Compare the new matrix sales post-matrix-change, compared to the record run. Wow, it looks just like the record run in March 2012 except slightly greater rate of increase of sales. Like I said, $1.5 Billion in 19 draws compared to $1 Billion in 17 draws for the new run, and 1 more draw would be easily bust that $1.5 Billion number and then some. Breaking all records for Sales, Cash and Annuity on the 18th draw. Since the
Dec 18, 2013, 11:08 pm - Jon D - Lottery News

MEGA MILLIONS JACKPOT SOARS TO $636 MILLIONReply
I think the reserve is figured before they put money towards the prize pool. The official rules aren't quite written in legalese, but a lot of the phrasing isn't especially clear. At any rate, the rules do seem to be pretty clear that whatever is allocated to the prize pool from sales is the minimum amount for the jackpot. If they overpromise they have to honor that promise if somebody takes the annuity, but the rules don't let them keep any extra, whether for themselves or the next jackpot winn
Dec 18, 2013, 11:05 pm - KY Floyd - Lottery News

$636 Million Mega Millions jackpot split by 2 ticketsReply
I had fun, party pooper. Congrats to the winners. Not happy with MM starting cash is no different than before, despite the 'increase' of the annuity to $15m. Oh well, onward to Powerball! Woo hoo!
Dec 18, 2013, 7:38 am - Piaceri - Lottery News

MEGA MILLIONS JACKPOT SOARS TO $636 MILLIONReply
As of Tuesday morning, the estimated annuity jackpot for the Tuesday, December 17, 2013, Mega Millions jackpot is $636 million, with a lump-sum cash value of $341.2 million. And after Uncle Sam dips his hand into your pockets....expect to receive less than 35% of the lump sum option !!! WOOO HOOO...GOOD OLE US of A !!! MF'ers (lol)
Dec 17, 2013, 2:07 pm - Bleedblue21 - Lottery News

Looking at that 586 million...I think I want the annunityReply
Coin Toss, How many jackpot winners have taken the cash and ended up flat broke a few years later? There's probably more of those than there are failed annuity winners. Just something to think about.
Dec 16, 2013, 9:14 pm - mediabrat - Lottery Discussion Forum

Question? How does one deposit $550 million in the Bank?Reply
Why on earth would anyone want it part cash and part annuity? That would present a tax nightmare in my opinion. I would rather just pay jackpot income tax upfront. After that, paying tax on any capital gains, dividends and interest is no different than what you already pay. All you need to do is just exercise displine in not tapping into your principle and only setting your budget based on your expected interest income. Oh and learn to say No early, often and assertively. NO! NO! Just channe
Dec 15, 2013, 6:29 pm - OldSchoolPa - Lottery Discussion Forum

Question? How does one deposit $550 million in the Bank?Reply
Well, first of all, you need not worry yourself about that since I have selected the winning numbers for the next drawing. Secondly, when I win the jackpot, that $550 million is the annuitized jackpot amount, so if one chooses the annuity, that is what will be paid over a period of 29 years. So if I were to choose that option, I would not be depositing any amount near $550 million. Instead, you would be looking at roughly $10 million since taxes will be deducted before you receive a red cent. Ev
Dec 15, 2013, 6:24 pm - OldSchoolPa - Lottery Discussion Forum

My 1st post interesting, but also depressingReply
Good post, Shelby Mustang, thanls for posting it. In the threads here about taking the annuity vs the cash option things like this are discussed and it's hard to convince people that what may sound like an annual fortune now may not by a house - or a car! - by the time the last check is received. In the early 1970's Mercury sold an import car called the Capri and for several years running it was advertised as The sexy European for under $2300.
Dec 11, 2013, 5:59 pm - Coin Toss - Lottery Discussion Forum