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World's biggest lottery jackpot won by three ticketsReply
The guy's name is Joe Denette. He split a $227 million MM jackpot (3-ways) drawn on May 1, 2009. The annuity as $75.6 mil but he opted for the $47.8 million lump sum payout. After 25% fed taxes and 4% VA state taxes, he took home a little over $33 million. That still would have left him with an additional Fed tax liability of $4.78 million unless he found a way to mitigate this...and from what I observed on the 20/20 show it didn't seem like he opened up any kind of charitable trust or gave any
Apr 2, 2012, 12:02 am - Jill34786 - Lottery News

World's biggest lottery jackpot won by three ticketsReply
No, Simba774, it appears that Joe Denette and his wife have slowed down their spending from the last 2.7 years, if now, due to their remaining principle and new investments they have approximately $25M-$30M remaining. I don't know where Barbara Walters got her spending information from, as they've ONLY purchased about $8M worth of items. The only way that Barbara could be correct if she is deducting from the Annuity amount of $75M, then subtracting for the lump-sum amount cost, then subtracting
Apr 1, 2012, 11:32 pm - HaveABall - Lottery News

World's biggest lottery jackpot won by three ticketsReply
I could barely keep up reading the jackpot threads! In a brief summary, the thousands of post said they will buy cars, boats, planes, mansions, small countries, remain anonymous, have their picture taken holding the huge check giving out their address and phone number with the best time to call, take the cash, take the annuity, 200 players will win, the jackpot will roll, donate to charities, and/or buy a Snickers bar; all the usual stuff. Today we'll read the obligatory congrats to the
Mar 31, 2012, 11:16 am - Stack47 - Lottery News

$540 MILLION: Mega Millions buying frenzy sparks another jackpot increaseReply
Oh, you are comfortable with continually informing the Lottery Headquarters of your: primary address, checking account and routing # to receive an electronic transfer of this game's 26 annual annuity payments? Oh, you are comfortable with the ever increasing # of hackers who are drawn to attempting to break into various financial institutions and lottery headquarters' online client files? Oh, you are comfortable with the available knowledge that the U.S.A. has been in it's biggest recessio
Mar 29, 2012, 7:11 pm - HaveABall - Lottery News

$290 MILLION: Mega Millions lottery jackpot rolls againNews Story
Biggest Mega Millions jackpot in a year 68 tickets just missed winning the jackpot By Todd Northrop This is the time when both lottery regulars and casual players jump in with both feet. The Mega Millions lottery jackpot has entered into the top 25 jackpots of all time, now sitting at number 17. It is the kind of top prize that makes people do a double-take at the cash register and throw down some extra bucks for a shot at glory. And not only is the annuity jackpot nearing the to
Mar 21, 2012, 6:07 am - Todd - Lottery News

Cash Vs Annuity PaymentsReply
Thanks, I do not normally post to a lot of forums, but since I have registered I will post from time to time. True, fresh threads are always better than a resurrected old thread. (Or resurrected old post, like I did with rdgrnr.) I guess for my own reply to the thread on-topic, I will be taking the cash option after the drawing tonight. I can live happily and invest wisely. I prefer having control over my own funds, rather than a life insurance portfolio manager overseein
Mar 20, 2012, 8:01 pm - JB434 - Lottery Discussion Forum

Where to put 241 million after taxes??Reply
Saddly you may be right there that there are precious few 'low risk' investments left. That said, if I really believed that then neither the annuity (it might go bankrupt), nor the cash option (all my experts might have an EPIC FAIL and I go belly-up - cashwise) would be the better choice as both would be lost and I would lose everything. That said, if everything went bellyup... things would be significantly worse than just losing my measly 87-ish million. The economy would probably have cras
Mar 19, 2012, 11:22 pm - maximumfun - Lottery Discussion Forum

Almost-millionaire on a 15-year political pilgrimageReply
Play to win and prepare for it. I always chuckle to myself when I hear people needing to take time to consult with financial experts and attorneys. Any lottery ticket is a worthless piece of paper before it's validated. Granted there are circumstances where it might be wise to consult a lawyer before going to lottery headquarters, but with no extraordinary problems the average player could consult a lawyer and have their ticket validated on the next day the lottery headquarters was open.
Mar 19, 2012, 1:07 pm - Stack47 - Lottery News

New England states start new lottery game ThursdayReply
Cash vs. annuity debate aside, I've been anxiously awaiting this game for several reasons. First, as a Vermont resident, I've been clamoring for a Monday/Thursday draw game for a long time now. Many states already have either a daily or a Mon/Thurs game for a while now, and only now has Vermont (and, by extension, Maine and New Hampshire) begun to offer such a game. Second, Lucky for Life is infinitely preferable to the outgoing Weekly Grand (Extra). The only time I ever won anything appr
Mar 14, 2012, 6:23 am - chops - Lottery News

New England states start new lottery game ThursdayReply
I don't get the whole they'll take what they can attitude that's prevalent on this site regarding the reasoning behind lump sums being preferable to annuities. It's one thing to be worried about taxes going up, but taxes are unavoidable. There is no legal way to get out of paying taxes on that kind of money; with the lump sum they'll hit you all at once in the beginning, and depending on what you do with your winnings they'll probably hit you again somewhere down the road. Whether it's a one-tim
Mar 13, 2012, 2:16 pm - mediabrat - Lottery News