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Powerball & Megamillions GrowingReply
OMG, again with the cap talk. People, the PowerBall isn't capped at $390M. If it rolls to $375M, there will be a cap of $400M. You people need to look at the INCREASE cap. Also, I think some of you are becoming obsessed with the cash value argument. It's already been discussed that PowerBall and Mega Millions each have their advantages. There's nothing wrong with someone taking the annuity option. You people need to be less comparative with these 2 games. They're not run by the same organization
Aug 23, 2007, 12:28 pm - Guru101 - Jackpot Games Forum

Powerball & Megamillions GrowingReply
I'd have to agree with that. Another roll will hit the cap and have about 5 million in the bonus pool. Not much. But since Mega is also high there will be less cross traffic from other states. Hard to say since both have never been this high together. Next stop for Mega would be 245 with a cash pot of 142 million. I'm sure one of them wil get hit on the Friday/Saturday drawings. Odds of both rolling would be unprecedented. Powerball would hit the cap while Mega would be at near record levels
Aug 23, 2007, 2:17 am - dvdiva - Jackpot Games Forum

Can someone help me out with my math?Reply
No, that's not what I said. If the annuity payments were all the same then it would represent roughly 6% on an investment of $61 million, but the payments aren't equal. The payments for the first several years are smaller, so that there is more principal invested than if the payments were equal. Because there is more principal the total of the payments is generated with a lower interest rate. As a SWAG I'd put it at about 5.2%. If you didn't have to pay income tax on the lump sum you c
Aug 10, 2007, 3:40 am - KY Floyd - Mathematics Forum

Hoosier LotteryReply
The Cash Value of the Hoosier Lottery is exactly 40%. The information posted in the question and answer section which states it is between 40% to 50% is WRONG! Former Executive Director Esther Q. Schneider changed it to exactly 40% at the same time she extended the annuity to 30 years (without increasing the annuity prize value) and when she eliminated the first rollover increase. (i.e When the Hoosier Lottery Lotto game is reset to it's base prize...if no one wins it on the first draw the
Aug 9, 2007, 12:18 pm - Uncle Jim - Lottery Discussion Forum

Can someone help me out with my math?Reply
WOW! Thank you so much for the information!!! So you're saying that by getting the annuity I would only be getting 5.96% (roughly). Which I can make more if I take the cash value and invest it myself. Did I get that right? THANK YOU SO MUCH!!! This is making more sense.
Aug 9, 2007, 12:01 pm - whitmansm2 - Mathematics Forum

Can someone help me out with my math?Reply
A decent college econ book will have a lookup table for this (Interest and Annuity Tables for Compounding). If you dig around in Excel or Calc (Financial subcats), the formulas are there, too. There are most likely some plug-in pages on the web, too.
Aug 9, 2007, 8:46 am - time*treat - Mathematics Forum

Largest Texas Lottery jackpot claimed by trustReply
Wow, it seems unusual for a partnership to take the annuity. Maybe that just works best for their particular situation.... It's too bad ( NOT ) that we don't have CASH ONLY around any more- he would have a cardiac arrest with this news...
Aug 7, 2007, 8:15 pm - DoubleDown - Lottery News

Largest Texas Lottery jackpot claimed by trustReply
They chose to take 26 annual payments. The story on the Texas Lottery site says (in green below) When asked about their plans for the money, a trust member responded quickly, I want to travel! Of course, a cruise to Alaska or along the Mississippi is more fun than eight hours at the office any day. However, members of the trust also see this as an opportunity to concentrate on volunteer work in the community. Plus, by choosing the annuity option, the winners are guaranteed 26 ann
Aug 7, 2007, 6:52 pm - justxploring - Lottery News

Putting most of jackpot prize in investment?
Say I won 20millions as a lumpsum prize after tax and everything. I put 80% of it (16 millions) in various investments, incluing annuity and income properties that give me steady flow of income. (well, I don't think I can buy a lot of income properties because buildings are mighty expensive in Los Angeles County.) 20% of money goes into my housing (2.5 millions because that's the average price of 4 bedroom house in Santa Monica) and 1.5 million into money market, an emergency cash reserve.
Jul 6, 2007, 3:30 am - ambelamba - Lottery Discussion Forum

Stay here, or flee the country ?Reply
This topic is simply moronic, and makes little sense. You are creating your own rules now, not abiding by reality. The odds of this situation happening as you describe it is even less likely than hitting the powerball. Selecting an annuity would be the only logical answer. Fleeing with the cash option which is not enough after taxes anyway, is simply stupid. You are trying to manipulate answers based on your own rules, not reality, and other options that would be present. Freedom is more im
Jul 2, 2007, 4:07 am - sirbrad - Lottery Discussion Forum