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A couple of new questions (I think)...cash gifts, pools winning option
Don't think I've seen these covered: 1. Someone recently posted that a couple could give gifts of $26,000, that being the limit of $13,000 by each (I thought it was $12K).......but if they gave $50,000 let's say, could they call $26,000 of it a gift? 2. If players in a pool win a jackpot, does the entire pool have to unanimously choose annuity or cash option, or can the individuals choose one by one? I'm thinking that would be quite a trick but I'm not sure if it's allowed or not.
Feb 12, 2012, 6:03 pm - Coin Toss - Lottery Discussion Forum

powerball ripoffReply
I really think the reason for the change is because both big games are available in almost all states now, and before the change they were basically the same game. MUSL does't make more money, directly, due to the increased ticket price. MUSL and the states make more money if there's more revenue, but if you don't want to pay the higher price, Mega Millions has a history of even bigger jackpots (and higher cash values). It isn't a scam or a ripoff; it's simply a different game offered to give va
Feb 12, 2012, 12:50 am - Longarm - Jackpot Games Forum

Cash Vs Annuity PaymentsReply
just voted cash, you can always buy your own annuity, but i do laugh at that 1 tv comm. where they're on the bus, singing like an opera. even sing along with it, but that makes my dogs bark and whine LOL.
Feb 11, 2012, 8:11 pm - haymaker - Lottery Discussion Forum

$310 MILLION: Powerball lottery jackpot in rare territoryReply
Scary as hell, but I'm up for the challenge! And always up for some fun! I plugged $193,400,000 into the moneychimp tax calculator for 2012, single, and taxes come to $67,666,761 for a net payout $125,733,239. O_O I hit the PB 33 3 times last night... twice on the freebie $3 QP with power play. Altogether, I won $28 on Wednesday's draw, plus I found another ticket I forgot to cash in for $4, so total to cash in is $32. I'm all in... let's win this thing! Regarding the cash value of the jac
Feb 9, 2012, 9:57 pm - Piaceri - Lottery News

$14.3 million Hot Lotto prize claim withdrawnReply
Good points. I'll take a stab. For a), my assumption is that officials have a good surveillance image of the purchase. If a close relative of a lottery employee claims the prize, it might come back to them. My guess is it is the fourth question they ask you when you file a big claim. For b) and c) my point was they didn't walk away from collecting, but they could have sold the unsigned ticket at a discount -- even $4M cash for a $14M annuity sounds like a deal. I realize felons and i
Jan 29, 2012, 1:35 pm - WesternRedDoug - Lottery News

Iowa Lottery security chief bent on determining identity of jackpot winnerReply
Whomever purchased the ticket came within an hour and 50 minutes of having the ticket expire and watched the annuity value drop by $2.2 million. Had the ticket been validated exactly the same way two weeks after the drawing, there would be no news story. The real question is why wait until the last hour to cash; the identity of the person who actually bought the ticket is not important unless the ticket was stolen or maybe purchased by an illegal alien. If the Lottery doesn't pay, the law fir
Jan 10, 2012, 7:10 pm - Stack47 - Lottery News

Powerball multi-state lottery to raise prices, jackpotsReply
It was done in mid-2009, but applied retroactively to January 1st. The bill came a few months after a group of NJ players won a MM jackpot of about $200 million (annuity value), and many of them believe that was the reason for the change in the law. News articles quoted a state official as saying it would generate about $8 million per year, but figuring the group collected a cash prize of at least $100 million the state would have reaped a windfall of about $11 million just from that one drawing
Jan 6, 2012, 2:36 am - KY Floyd - Lottery News

$206 MILLION: Mega Million lottery jackpot soarsReply
i think this may happen cause on the annuity option the pb is invested for a longer time period,like 26 yrs. go jets go denver
Dec 24, 2011, 12:50 pm - haymaker - Lottery News

mega million jackpots not going up as quickReply
My thoughts exactly! With the annuity, I don't believe there can be any guarantee the money will be there for 25 or 30 years with the way the world economy is going. OTOH, who knows if the dollar is going to be worth anything either? LOL.
Dec 24, 2011, 12:08 pm - rcbbuckeye - Lottery Discussion Forum

Kentucky store clerk wins $200,000 from duplicate lottery ticketReply
The first jackpot story I ever read before I started playing Mega Millions was about a couple whom were buying some QP's as stocking stuffers for some of their friends. The man asked for 3 separate $1 QP's and the clerk accidentally printed out a single ticket with 3 lines instead. This man did buy his own numbers that he said he habitually played too. Long story short, the couple won the jackpot for the Mega Millions Christmas drawing on that mistake ticket and were $137M richer (estimated annu
Dec 20, 2011, 7:30 pm - CrazyHazyYay! - Lottery News