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What would you do if you hit the jackpot!Reply
If I ever do win, the first thing I will do is type the exact amount won into my excel spreadsheet set up for it, it breaks down everything... I would take the cash rather than annuity, and a percentage would be set aside to draw from as an annual income ... to my own checking account, until then, it would remain in the protection of a personal property trust.I have the plan, just need the numbers...my quick plan....1) Quit Smoking!2) Create the trust with one attorney3) Have it pored over by a
Mar 24, 2004, 6:07 pm - hypersoniq - Lottery Discussion Forum

Mass Millions WonReply
Quote: Originally posted by LottoBuddy on March 16, 2004Jake, you have previously calculated the expected payouts for Mass Millions. At what jackpot amount did the expected payout become greater than 1, taking into account the annuity and about 32% in taxes? Is there any other lottery approaching a positive expected return?LottoBuddy,I started working on the formula and could not stop.I produced the following chart for the 649 lottery (includes Mass Millions). The first column is the number of
Mar 16, 2004, 12:35 pm - Jake649 - Jackpot Games Forum

Online calculator to calculate cashReply
michiganplayer,I looked around the web via search engines and couldn't find any online calculator sites for Powerball and Mega Millions. Found several sites that describe the payments for annuity vs lump sum, including at the official sites, but nothing with an online calculator. I did see one online calculator at the Ohio lottery web site, but it looked like it was only for the Ohio lottery (lotteries have different payout years for their annuities so it would only work with a lottery with
Mar 6, 2004, 3:38 am - plnwebguy - Lottery Discussion Forum

Red Apple Workers Still Wait for Mega Millions Lottery WinnerNews Story
Customers bringing jokes about the lottery could expect a tough crowd at the Red Apple Country Store.Chances are, the employees have already heard it.Somebody, somewhere, holds a special ticket that could bring an end to the wisecracks.A week ago today, the Red Apple sold the second-most valuable individual lottery ticket in history.The winner of the $239 Mega Millions Jackpot, drawn Saturday, still has yet to come forward, meaning the comical copycats still are prowling.Were having a lot of the
Feb 27, 2004, 4:26 am - Todd - Lottery News

MEGA MILLIONS climbs to $222 MillionReply
LANSING, February 19, 2004 As of 11:30 a.m. today, lottery officials for the Mega Millions game announced that due to solid ticket sales the estimated jackpot for February 20, has been increased by $7 million! The jackpot for tomorrow nights Mega Millions drawing now sits at $222 million!If one winning ticket matches all six numbers in Friday nights drawing and the player has selected annuity payments over 26 years, the $222 million jackpot would amount to pre-tax payments of roughly: $8.5
Feb 19, 2004, 1:18 pm - Kristin - Jackpot Games Forum

$85.5 Million Powerball Jackpot Won in New HampshireNews Story
America's Game paid off big Wednesday night for one winning ticket sold in New Hampshire. That ticket is worth $85.5 million.The winner will have to decide if they want 29-year annuity or the cash option worth $46.5 million. The ticket holder will have 60 days after the ticket is validated to make that decision.This is the second jackpot win in the state of New Hampshire in the last 5 months. A $135.6 million dollar jackpot was won in the Granite State on August 30, 2003. Wednesday's jackpot is
Feb 5, 2004, 6:37 am - Todd - Lottery News

Ruling taxes lottery winner at higher rateNews Story
An Oregon Lottery jackpot winner is going to have to pay a higher tax rate after a federal appeals court rejected his argument the prize money should be taxed like an investment at the lower capital gains rate.J. Michael Maginnis won a record $23 million jackpot in July 1991 that he divided among himself, his wife and their three sons.Maginnis chose to receive his $9 million share in 20 annual installments, a typical payment schedule at the time for state lotteries, which purchase an annuity for
Feb 4, 2004, 5:33 am - Todd - Lottery News

Probability of a rollover in PB and MMReply
Zeno: You are looking at the annuity value when you assume 60%. The 32% figure is the amount of actual cash going to the prize.Megamillions has been over $300 million before. In fact the record MegaMillion Jackpot was $363 million. It reached this figure before the odds were changed and lengthened! Now that the odds are changed, I predict that there definitely will be a 400+ Megamillions Jackpot. It will probably happen in one of next four or five $300 million jackpots. The Powerball p
Jan 27, 2004, 5:27 am - prob987 - Jackpot Games Forum

Massachusetts man wins $1M lottery prizeNews Story
Robert F. Brown Jr. doesn't know it yet, but he's got a free Boar's Head sandwich coming.It may not sound like much, but it's all Marissa and Glen Varney can do to say thanks to Brown for buying a winning $1 million lottery ticket in their Wrentham delicatessen, the Sheldonville Store.The Varneys, former chefs who live in Franklin, Mass., will get a $10,000 commission for selling Brown the winning ticket, said Amy Morris, a spokeswoman for the Massachusetts Lottery. When you tell people you own
Jan 9, 2004, 5:24 am - Todd - Lottery News

Powerball winners have cause for thanksNews Story
The lottery-winning Holdingford lunch ladies have lots to be thankful for this year.Armed with recipes, the women are ready for the holidays. The 16 Holdingford school district employees won half of a $190.9 million Powerball jackpot in October. Since then, they've traveled to Hollywood, but they hope to have a relaxing Thanksgiving closer to home.Fifteen of the 16 opted to take the single-payment cash option, which was worth $2.1 million apiece after taxes. The other was still deciding between
Nov 28, 2003, 6:12 am - Todd - Lottery News