Search

Fire destroys car of Powerball lottery winnerReply
Those winners who managed their money badly must have wished they had taken the annuity. Not necessarily. There's a book called Money for Nothing by Edward Ugel. Ugel worked for a company that bought lottery annuities off of lottery winners who, for the most part, couldn't manage their finances. It's an interesting read. Sometimes people who take annuities take out huge loans for the fancy sports cars and big mansions, and normally their yearly check would be enough to cover these paym
Jul 12, 2010, 8:02 pm - BoBoMcQuickfeet - Lottery News

Fire destroys car of Powerball lottery winnerReply
That's interesting. Those winners who managed their money badly must have wished they had taken the annuity. With low interest rate, the present value of a jackpot win before tax should be good reason enough to take the lump sum.
Jul 12, 2010, 12:45 pm - Spot-UK - Lottery News

Winning lottery ticket for $97M jackpot purchased in DallasReply
The massive $97 million jackpot was the result of 62 consecutive drawings without a top winner. The jackpot started as a $4 million prize on October 24, 2009. WOO HOO, this is VERY exciting that the lump sum is only apx. 36% less than the annuity amount (that's less of a spread than Mega Millions and WAY less spread than Powerball! -- congratulations big single ticket winner(s), oh what pleasure these monies will bring!!!
Jun 3, 2010, 3:59 pm - HaveABall - Lottery News

£84.4M Euro Millions lottery jackpot claimed anonymouslyReply
Being anonymous and having the money tax-free is fine, but what I want to know is IS THIS AN ANNUITY OR LUMP-SUM PRIZE?
May 20, 2010, 2:01 pm - NearNewBrit - Lottery News

"Lotto Texas" Now At $92 MILLION ($59.1 Million Cash)Reply
Annuity went up $1M, cash is up $1.1M. Interest rates changing. Personally, I only play the cash option. My work pool has now played $413 since January and won all of $9. Last night I played $2 on PB with powerplay and won $8. Tx Lotto is a real bear to win, I have never seen it roll for this long. Last time I checked a week or so ago, they were selling around 3.1 - 3.4 million tics per draw. So I suppose it shouldn't be a surprise for it to roll this long. Even so, I'm really thinking about
May 16, 2010, 11:24 am - rcbbuckeye - Jackpot Games Forum

L.A. TV employee wins $266M Mega Millions lottery jackpotReply
California seems like a Lucky State to live in where Mega Millions is concerned, In March of this year that 29 year old fella won the $133 million Jackpot from California. Now these folks won but doubled thier pot to $266. They didn't say if they were taking the annuity or lump sum. With that much you would have thought they would have sought out financial counciling , I hope they do right with all that cash and Congratulations to them on the Win. But she will not be able to keep her job
May 7, 2010, 1:54 am - LottoLin - Lottery News

$300,000,000 JackpotsReply
If it rolls it will be far more than $150 million for the cash value. The last two rolls added 25 and $33 million to the annuity value. Just increasng the size of the rollover by another $8 million again would mean a $41 million increase. When the advertised jackpot passes $250 million sales tend to really take off, so I'd guess it would increase at least $50 million to 275 or so. That would be about 169 in cash. There's about a 65% chance that it will roll. Another roll after that would defi
Apr 30, 2010, 12:42 am - KY Floyd - Jackpot Games Forum

Lottery Winner's Plans? Paying the BillsReply
Dude DEFINITELY needs to take the annuity option. That's the safest bet for him at his age. Plus, maybe it will keep the vultures back a little bit knowing he doesn t have it all at once. I would do it that way being as that I'm just a couple of years older than him and am in the same financial situation...but that's because I've learned things the hard way. Having come into a very small sum of money (compared to his) in the past and having family friends come at me to borrow some...it's jus
Apr 24, 2010, 7:46 am - dopey7719 - Lottery News

Lottery Winner's Plans? Paying the BillsReply
I'm with you all the way on this. (1) He is young (2) He has young children, should something happen to him they can continue to get the money for the remainder of the annuity period. Here's one dad that does'nt have to worry about saving up for college.
Apr 23, 2010, 4:42 pm - mjwinsmith - Lottery News

Lottery Winner's Plans? Paying the BillsReply
I'm a big believer in the cash option but I think this guy should take the annuity. If he can't decide whether to keep his $7.25 an hour job, he probably wouldn't handle all that cash too well either. I wish him the best of luck though.
Apr 23, 2010, 2:08 pm - rdgrnr - Lottery News