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Do you think the Mega Millions Jackpot will get much higher??Reply
Almost anything can happen, and it doesn't matter what the jackpot is. Suppose they only sold one ticket for the drawing. The jackpot would only go up by 32 cents, but there could still be one winner. Sell only 5 tickets and there could be 5 winners, even though that possibility is incredibly unlikely. OTOH, they could theoretically sell 175,711,535 of the 175,711 536 combinations* and it could still roll over. The probabilities are easy to calculate and we can speculate all we want, but in t
Aug 23, 2009, 1:40 am - KY Floyd - Jackpot Games Forum

Where Does the Money Go?Reply
It took the Ohio Lottery about 4 years until they began offering a pick-3 game and another 4 years before there had a lotto game. They couldn't start off with a $1 million cash prize without the means to pay off so they had to stretch it out over 20 years. I'm not sure if it was an annuity or just the 5% interest, but it wasn't until the volume of play reached a certain level where they could offer cash payments. At one time we had to check either cash or no cash payment on the play slips and
Aug 21, 2009, 12:04 pm - Stack47 - Lottery Discussion Forum

Ohio Classic Lotto STILL going up!Reply
It is still moving.....in the right direction. UP ! Now we are at a $35.1 million annuity jackpot. The after tax amount cash option is at $12,109,500. See you on Saturday!
Aug 19, 2009, 8:46 pm - ohiopick3 - Jackpot Games Forum

Cash Option vs AnnuityReply
I would most certainly go the route of the annuity. I would go to school and learn to manage my money wisely. Until then I would deposit my once a year check and continue mastering self control and self discipline. If I lose it all I would rather it be on me than pay someone to escort me back to hard times. Can I do it? Yes. Will it be easy? Of course not. More than likely it will be a constant uphill battle? But it will make for some interesting table talk. Besides, how can I teach my child
Aug 19, 2009, 7:43 pm - PERDUE - Lottery Discussion Forum

Cash Option vs AnnuityReply
A couple of things.... Many winners who took an annuity wind up selling it to one of those companies that buy them from people who've deciddd they want cash right now after all. Sadly, these compnaies offer comparitive chump change, so those people would have been much better off with the cash option from the lottery from the get go. That's really something to thik about. The other thing? Dec 21, 2012!
Aug 19, 2009, 6:48 pm - Coin Toss - Lottery Discussion Forum

Where Does the Money Go?Reply
If you mean the $170 millions was the advertised jackpot and the $105 is the cash option, the other 65 million never existed. That's one of the things I learned here at LP, there's a thread about this somewhere. PB and MM are both pumped up right now, but the advertised jackpot amounts do not exist, the cash is not on hand. The advertised amount is what the winner would get over the course of an annuity.
Aug 18, 2009, 6:58 pm - Coin Toss - Lottery Discussion Forum

Powerball lottery jackpot cracks $200M markReply
No Jim! If you recalculate Fed tax of 34% (true, they initially only withdraw 25%, but you are required to repay the remainder by the end of this calendar year -- whether they instruct you so or not or BIG additional tax penalty -- so don't accidentially lock-up/non-liquidity designate the remaining tricky 9% due) AND State tax of 6%your net will be $63.6 Million Dollars. Be careful not to spend that $4.4 you mistakingly thought was yours to keep! This is why, when you win, the first person
Aug 15, 2009, 6:01 pm - HaveABall - Lottery News

Ohio Classic Lotto STILL going up!Reply
It's still rolling ! Up to $32.4 million annuity. The after tax amount taking the cash value is a cool $11,178,000! Wednesday's 7-29-2009 Draw: 05-06-17-39-43-46 The 5 and 6 hit three draws in a roll? See you all on Saturday!
Jul 29, 2009, 8:42 pm - ohiopick3 - Jackpot Games Forum

Ohio Classic Lotto STILL going up!Reply
It rolled again, $32.1 annuity. $11,074,500 after taxes for the Cash amount on Wednesday 7-29-09! We still have a chance! Nothing for me on the 4-5-6-8-43-45 Monday 7-27-2009 drawing?
Jul 27, 2009, 8:31 pm - ohiopick3 - Jackpot Games Forum

Ohio Classic Lotto STILL going up!Reply
It's still rolling ! Up to $30.5 million annuity. The after tax amount taking the cash value is a cool $10,867,500! See you all on Saturday!
Jul 22, 2009, 9:57 pm - ohiopick3 - Jackpot Games Forum