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$40 Million Man's payments endReply
The state lottery web pages explain what becomes of the jackpot to pay the annuity. The jackpot is invested in bonds in such a way to yield the payments every year. This way the original jackpot remains property of the state. The clever player should be able to do the same thing and keep the lump sump intact. First decide what you need to earn or want, then examine the bond market. When rates are low invest in short term bonds and base the amount on the rate earned. Invest the remainder in longe
Aug 31, 2004, 7:37 pm - jeffrey - Lottery News

Minnesota Powerball winner may appear todayNews Story
It's likely that someone in Minnesota is already a multimillionaire. Check your tickets, folks, it could be you.A single jackpot-winning Powerball ticket worth up to $98.7 million was sold in Minnesota; it was the second time in the past two months a big winner was sold there.The winning numbers drawn Saturday night were 4-10-11-18-43 and the Powerball was 41. Only one ticket matched all six numbers.The jackpot is worth $98.7 million if the winner takes the annuity option, which would pay out $3
Aug 16, 2004, 9:33 am - Todd - Lottery News

MORT CRIM: Lottery winners can become losersReply
Quote: Originally posted by CASH Only on July 21, 2004Lottery winners become losers if they receive annuity payments.I disagree. I think if you were getting (for example) $100,000 a year instead of a one time check for $1.5 million, you would be forced to think of the future more and be more likely to live within your means...and know that if you spend the money in 3 months it will be a long 9 months until the next check. It would help you realize the money needs to be thought about over time.
Jul 21, 2004, 4:38 pm - tg636 - Lottery News

I got an idea.Reply
Quote: Originally posted by DoctorEw220 on July 09, 2004I got this idea, and I want to send it in to the lotteries and see what they think of it, but I would like your opinion first. Let's say that the jackpot were capped for a drawing at the estimated annuity value that is advertised, and the excess jackpot money would fund future rollovers. Here's an example to clear up any confusion. Let's say that the powerball jackpot was at $190 million, but sales were enough to drive the jackpot to $21
Jul 9, 2004, 11:15 pm - Todd - Lottery Discussion Forum

I got an idea.Reply
Quote: Originally posted by DoctorEw220 on July 09, 2004I got this idea, and I want to send it in to the lotteries and see what they think of it, but I would like your opinion first. Let's say that the jackpot were capped for a drawing at the estimated annuity value that is advertised, and the excess jackpot money would fund future rollovers. Here's an example to clear up any confusion. Let's say that the powerball jackpot was at $190 million, but sales were enough to drive the jackpot to $21
Jul 9, 2004, 10:59 pm - whodeani - Lottery Discussion Forum

Minnesota ticket wins $21.1 million Powerball lottery jackpotNews Story
Powerball paid off big for one lucky ticket Wednesday night. The winning ticket worth $21.1 million was purchased in Minnesota.The winner will now have to decide between the 29-year, 30-payment annuity and the cash option worth $11.1 million. The winner will have 60 days after their ticket is validated to make that decision.In addition to the jackpot winner, 310,533 other Powerball players across the nation won a total of almost $3.1 million in cash prizes.The numbers drawn were: 18, 25, 30, 3
Jul 8, 2004, 10:10 am - Todd - Lottery News

$294 Million: Final Mega Millions Jackpot CalculatedNews Story
Search in on for the winner in Lowell, MassachusettsThe winner of the largest lottery prize in Massachusetts state history remained anonymous yesterday as rumors swirled about the person's identity and state officials boosted the staggering jackpot by another $4 million. The unidentified winner, who has a year to claim the $294 Mega Millions pot, can choose between a 26-year annuity - with an $11 million annual payment before taxes - and a lump sum payment totaling $117 million after taxes. Of
Jul 7, 2004, 9:33 am - Todd - Lottery News

Maryland Lotto jackpot winner has yet to claim prizeNews Story
Maryland Lottery officials are waiting to award last month's $9.3 million Lotto jackpot to the winning ticket holder, who still has not come forward.Giant Eagle of Hagerstown, which sold the ticket for the May 29 drawing, will not have to wait for its commission for selling the ticket. Maryland Lottery officials are to present the store with a check for $9,300 today at 11 a.m.Store manager Jackie Gaffey said there is a lot of buzz over the ticket. I'm just excited that it was bought here, she
Jun 24, 2004, 8:06 am - Todd - Lottery News

$52 Powerball Jackpot Won by Ticket Purchased in PennsylvaniaNews Story
For the second time in May a ticket purchased in Pennsylvania won the Powerball jackpot. Saturday night's jackpot was worth $52 million.The winner will now have to decide between the 29-year, 30-payment annuity and the cash option worth $26.9 million. The winner will have 60 days after their ticket is validated to make that decision.In addition to the jackpot winner, 449,694 other Powerball players across the nation won a total of almost $3.8 million in cash prizes.The numbers drawn were: 1, 16
Jun 1, 2004, 12:58 pm - Todd - Lottery News

What would you do with your new fortuneReply
If I won, I'd most likely take the cash. I'd pay off my house(around $70,000 I owe), both of our vehicles(approximately $15,000), buy a few nice things for myself I've been wanting(i.e. computer stuff, ham radio stuff, etc.), and take that trip I've always wanted to take. I'd also give some to charities I believe in supporting.As for the money, I'd put some in bank accounts, CDs, make some diversified investments, and live off the returns and interest. The reason I'd probably take the cash is
May 7, 2004, 1:11 pm - PrisonerSix - Lottery Discussion Forum