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$900 MILLION: Powerball lottery jackpot to create unimaginable wealthReply
Lump sum I do not know what future holds economically especially on tax front If I take lump sum I can make some investments , live , save and map out future for me and my loved one's knowing everything is set going forward I do understand value some would put in annuity as it would be nice to know that for next 30 years you have $$$ coming to you in case something goes drastically wrong But I cant see a scenario in which someone blows what is nearly 400M and ends up broke
Jan 9, 2016, 8:27 pm - Illinoisdreamer - Lottery News

$900 MILLION: Powerball lottery jackpot to create unimaginable wealthReply
The current $900 million estimate is overly optimistic, though within the realm of possibility. To put it another way, when MUSL previously raised the estimate, that didn't mean the jackpot was at $800 million yet, but rather they believe the final tally will be much higher and hence the jump from 800 to 900. Furthermore, if the actual annuity jackpot is less than $900 million, many may not notice nor care. However, if MUSL estimates the jackpot at $1 billion and the actual is less, many will
Jan 9, 2016, 8:18 pm - Ron5995 - Lottery News

$900 MILLION: Powerball lottery jackpot to create unimaginable wealthReply
Over half doesn't go to taxes. You get the estimated amount only if you take the annuity. If you take lump sum, you get a one-time cash payment of what the lottery would have invested on your behalf to generate the annuitized value over 29 years. Federal tax of 25% and part of the state taxes is withheld from the payment. When you file your 1040 tax form, you will have to pay the difference. That would be 14.6% (federal maximum tax of 39.6% - 25% which was deducted from payment) plus remai
Jan 9, 2016, 4:31 pm - TheMeatman2005 - Lottery News

Are you ready for the attention?Reply
ROFLMAO. Come on Lejardin. That JP is mine. I have to say, both Gloria AND her son have done an extraordinary job staying out of the limelight and the press, and considering that she's the largest individual PB winner ever, that says a lot. So I think a $1B winner will be okay eventually if they are smart. PB was stupid to not have learned from MM. Sales are still down for both and there have been no record breaking JPs. Idiots. I want to see a 3rd game with REALLY awful odds. But wi
Nov 29, 2015, 2:00 pm - Teddi - Lottery Discussion Forum

How LOW can ILLINOIS Go -- Pretty LOWReply
Illinois Lottery situation has gone from bad to worse. First it was $25,000, now $600... soon $100? If they can't even pay out $601+ prizes, maybe the money really isn't all there. The Illinois Lottery saga strongly suggests that some lotteries operate on shaky financial foundations; prevalent corruption. While I generally discourage out of state lottery purchasing, IL lottery players would be wise to stop playing or buy out of state. Getting hit with some extra tax due to an out of state win
Oct 15, 2015, 4:55 pm - Ron5995 - Lottery Discussion Forum

HOT LOTTO DRAWING CHEAT CHARGED WITH RIGGING MORE JACKPOTSReply
We have a new game here, have been thinking i shouldnt play it because its the 1st ddraw here in australia that has a prize of an annuity not a cash lunp sum. and i dont want to encourage that sort of shenanigans. but this talk of RNG draws had me go to the rules and look up how the nymbers are drawn i found this 10 NUMBERS will be drawn from a drawing device containing 37 numbers from 1 to 37 inclusive. now no mention of a ball drop, or balls just a device containing numbers
Oct 10, 2015, 12:43 am - savagegoose - Lottery News

$301 MILLION: Huge Powerball jackpot on tap for this weekReply
This is probably the last jackpot that will have a reasonable shot at setting an all time record. When the odds change, sales will fall, as they have done with the Megamillions. Probably it will take more than 25 rollovers, 3 months for the jackpot to get large again. This number of rollovers becomes increasingly unlikely. For example, .95 raised to the 25th power gives only a 27% probabilility of occurring, and given that the odds of rollovers can fall to 85% or less, well, large jackpots wi
Sep 27, 2015, 3:03 pm - Prob988 - Lottery News

Illinois lottery winners file class-action lawsuit against stateReply
I was wondering why it was taking so long for someone to sue to get their money. About time. I still don't understand why they are being allowed to sell tickets when they have no plans on actually paying anyone until they feel like it. It most certainly is fraud. How many ponzi schemers are serving jail time right now because they promised to pay out money and didn't, yet these idiots should be given a pass because they get to hide behind bureaucratic red tape? Absolutely not. Hopefully this cas
Sep 10, 2015, 9:13 pm - Teddi - Lottery News

New York instant scratch off tickets - new tickets with less odds to winReply
also the numbers go ridiculously high on the $5, not sure about other ones but saw an $8 win on fb, highest number on there was 42 odds and payouts (using annuity values for $5/$10 games): $1: 4.94/62.35% $2: 4.87/62.84% $5: 3.91/66.83% $10: 3.15/73.63%
Sep 1, 2015, 9:37 pm - yellowpig - Instant ("Scratch-Off") Games Forum

Illinois Lottery not paying big winners because state legislature won't pass budgetReply
If ever there was a reason to never take an annuity payment here it is. So many people here have told me payment is guaranteed regardless of what's going on in the state or country, and I've always said believing anything is 100% guaranteed when it comes to money is insane. Seriously,who would have thought that they could tell you, we acknowledge you won,we know we're contracted to pay you, but we've opted not to pay you until we work out our own stalemate . I'm really surprised there are
Aug 29, 2015, 8:54 am - Teddi - Lottery News