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POWERBALL CREATES WORLD'S FIRST BILLION-DOLLAR JACKPOTReply
Want to take home One Billion dollars cash? The Cash Option sans taxes. (no, not the Annuity) Well first you need to make the following assumptions: You must pay 39.6% to the IRS as Federal Tax You must pay taxes in your individual state if applicable. Lets go with the highest in the country according to LP which is 8.82% so we will calculate by that (thanks New York) And lastly we will assume the most recent Cash Option percentage which is $806 million divided by the jackpot $1.3 Bi
Jan 10, 2016, 3:40 am - AbsolutelyFun - Lottery News

cash or anuity and what is the taxes % depending on the states
So whoever hits: 1. Should they take cash or annuity? 2. What is the advice next? 3. What is the tax rate? is it 40% and I know that every state is different in the country? 4. Should the lottery winner trust anyone? 5. Of course no one has to give any money out to anyone but likely it could happen. 6. How much should you invest? make money on interest the rest of your life? 7. What if the person has a heart attack and what are the laws regarding every state?
Jan 8, 2016, 2:39 pm - wander73 - Jackpot Games Forum

Friday Mega Millions jackpot raised to $164 millionNews Story
By Todd Northrop Tickets for the Friday night Mega Millions drawing are selling faster than expected, prompting the state lotteries to raise the jackpot estimate to $164 million. The previous estimate for the drawing, established early Wednesday morning, was $159 million. Mega Millions offers two jackpot payment options: the $164 million annuity prize paid out as one immediate payment followed by 29 annual graduated payments, or a lump-sum cash option. USA Mega estimates that Friday's n
Nov 6, 2015, 1:14 pm - Todd - Lottery News

Helping Former Lottery WinnersReply
Really! Uncle Sam has squandered billions and billions of dollars. The problem is, we HAVE to give him a big chunk of our money. To the OP: I'm with the others who say not just no, but hell no! While I feel for Tiffany Edwards, her father HAD stuck a huge sum back for her and his own future, then cashed in the bonds and annuities. While it isn't her fault her dad was a drug addict and wasted her future security, I wouldn't feel the need to help her out and as was said earlier, there are
Sep 4, 2015, 6:18 am - mikeintexas - Lottery Discussion Forum

Lottery Winners who make their money growReply
Brad Duke won $220,000,000 in 2005, since then he has been as you say disciplined and thoughtful . On his win, the following is written... The total annuity prize from Powerball was $220 million, and he received $126 million of that in a check. After $40 million in personal taxes were deducted, he received $86 million. He started several ventures with a staff of about 20 - a personal assistant, accountants, a publicist, sales people and consultants. Brad left a large portion of his wi
Jul 26, 2015, 8:25 pm - noise-gate - Lottery Discussion Forum

Powerball Matrix Change - April 15, 2015Reply
On the positive, the second chance game is gone and 2nd place prize is left the same. On the negative, there's a lot! Odds are even more insane with even less value than before. Heck, they might as well double the price again to $4 while they're at it with $5 for Power Play. Those who always play will likely continue to regardless of the odds and price, but the casual player, for which the game relies on for building outsized jackpots will increasingly stay on the sidelines. These changes
Jun 3, 2015, 6:53 am - Ron5995 - Lottery Discussion Forum

Many would call these 'bad' numbers, right?Reply
I didn't say I considered them bad, I said many here, if they got those numbers on a QP, would say there were 'bad'. You made that statement, but when asked to name some of the many , you gave just ONE name. I was replying to Pickone4me...but of course if you're so anxious to reply and criticize a post you ignore previous posts. Pickone asked if was a mechanical drawing after saying Winning with a number combination like that is dumb-luck. If there is a large numbers here believing
May 26, 2015, 6:04 pm - Stack47 - Lottery Discussion Forum

Are you for a Cash Jackpot payout regardless of the amount?Reply
This is from 24/7 Wall St. I don't agree with it but here goes: ]Automatically decide to take the up-front cash. Supposedly some 70% of lottery winners end up broke again, many within a couple or few years. If you get $172 million up front, it may sound better than having to receive a payout of $300 million slowly over the course of a lifetime. After all, it is instant empire-making money. Go see a reputable and visible tax professional and a reputable investment advisor at a top money man
May 18, 2015, 11:25 pm - Coin Toss - Lottery Discussion Forum

Just One Ticket...Reply
$259.9 Million Powerball Jackpot Winner Says, It Is a Beautiful Day for Education! COLUMBIA, SC (August 25, 2009) Flashing his megawatt smile, Solomon Jackson, Jr. happily accepted the oversized Powerball check for $259.9 million during a news conference at the Lottery s Columbia Claims Center. It s a beautiful day for education, said Jackson, a Columbia native. I ve always supported education. The lucky player decided to buy a $1 Powerball ticket for the August 19 drawing a
Mar 17, 2015, 12:37 pm - zephbe - Lottery Discussion Forum

Which Lottery Winner...?Reply
Mary Brian Lohse $202M PB I would ask them about their neighborhood grocery store they built in Iowa. Abraham Lee Shakespeare $30M Talk him into collecting the prize as 30 year plan and warn him about Dee Dee Moore. Jim Carolyn McCullar in Ephrata,Washington split $380 M with Holly Lahti from Idaho. Billy Bob Harrell jr. committed suicide. Would he be better off if he did not play win ? Andrew Jackson Jack Whittaker $315 M jackpot. Another case where he should have taken the ann
Mar 8, 2015, 12:49 pm - music* - Lottery Discussion Forum