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Why not choose the annuity?Reply
Welcome to LP, music*! I've read about those cases w/ the annuity and the IRS. I can't remember the specific case, but it really put the family in a bind, almost to the point where they were just going to forfeit the remaining payments just to get out from under the tax bill. I believe they cut some sort of deal w/ the IRS but still didn't get a check for quite some time after the 40% estate tax was paid. EDIT: Found this on several diff. sites, but they didn't quote the original sou
Aug 3, 2014, 8:36 pm - mikeintexas - Lottery Discussion Forum

Indiana couple claims $27.5 million Lotto prizeNews Story
A Noblesville, Indiana, couple turned their $1 lottery ticket into a multimillion-dollar jackpot. Larry and Connie Miller claimed their $27.5 million Hoosier Lotto jackpot today the seventh highest for the game at Hoosier Lottery headquarters in Indianapolis. Hoosier Lottery Executive Director Sarah Taylor presented the couple with their winnings, and they accepted the oversized check with their attorney and accountant at their side. Despite their new wealth, the Millers say they have n
Jun 5, 2014, 5:59 pm - Todd - Lottery News

$20M Mega Millions winner didn't believe lottery scannerNews Story
A lottery player scanned his tickets at a Shirley, New York, convenience store called JackSpot! and when the screen flashed BIG WINNER, he told the cashier, The machine is broken. But it wasn't he was holding the $20-million Mega Millions ticket, the mystery jackpot winner sought by the New York State Lottery since the March 25 drawing, said convenience store co-owner Howie Frank and cashier Laura Marckesano. He's not catching what I'm saying, said Marckesano, who scanned the ticket twic
Apr 4, 2014, 4:25 pm - Todd - Lottery News

2 winning Mega Millions tickets sold in Florida, Maryland to split $414M jackpotNews Story
Update 1: Winning ticket locations and other details Update 2: Final jackpot numbers released, story updated Winning tickets in Tuesday night's Mega Millions drawing with a jackpot of $414 million, the third largest in its history, were sold in Florida and Maryland, state lottery officials said. The final lump-sum cash value of the jackpot is $230.9 million. After the final jackpot totals were counted, the annuity jackpot of $414 million remained the 7th-largest United States jackpot
Mar 19, 2014, 3:47 am - Todd - Lottery News

$195 MILLION: Mega Millions keeps the good times rollingNews Story
By Todd Northrop What's a big jackpot lottery player to do when the Powerball jackpot has been won? These days, the answer is to play Mega Millions. Thanks to adjustments made to the Mega Millions game last year, the multi-state game's jackpots are once again growing quickly and typically growing quite large before being won. The new Mega Millions jackpot for the upcoming Tuesday drawing has now reached $195 million, just 2 months after exploding to a near-record $636 million. (See $
Feb 22, 2014, 2:08 pm - Todd - Lottery News

Man wins $1M in Powerball after playing same numbers for 20 yearsNews Story
A dedicated lottery player has won a $1 million Powerball prize after playing the same numbers every week for two decades. Robert Winburn, 49, from Urbandale, Iowa, got his lucky numbers after assigning numbers to the letters of the alphabet and uses the corresponding numbers in his last name as his Powerball numbers. Previously he had only ever won $100 in one drawing. But his luck changed on Saturday night after he bought a ticket from a gas station. Winburn matched the first five num
Feb 19, 2014, 9:00 am - Todd - Lottery News

$257 MILLION: Mega Millions jackpot expandsNews Story
Largest jackpot in 20 months By Todd Northrop The last time the multi-state Mega Millions jackpot was this big, it was busy setting the record for the largest lottery jackpot in history. After nobody won Friday night's grand prize, the Mega Millions jackpot grew to an estimated $257 million the largest since the record-setting $656 million jackpot set on March 30, 2012. The lump-sum cash value stands at a staggering $139.2 million. Tuesday's Mega Millions jackpot is the accumulati
Nov 30, 2013, 3:38 am - Todd - Lottery News

$230 MILLION: Mega Millions jackpot rollsNews Story
By Todd Northrop Lottery players across the United States are buying their Mega Millions tickets in preparation for Friday's massive $230 million drawing, after nobody won Tuesday's $205 million jackpot. The cash value stands at a staggering $125.1 million. Friday's Mega Millions jackpot is the accumulation of 16 consecutive drawings without a top prize winner. The current jackpot run-up started on October 4 as a $12 million grand prize. Players should note that jackpot amounts are c
Nov 27, 2013, 8:43 am - Todd - Lottery News

$205 MILLION: Promise of big jackpots met by new Mega MillionsNews Story
By Todd Northrop When the multi-state Mega Millions lottery game was changed a month ago, it was done so amid promises of bigger jackpots without needing to raise ticket prices. Now it appears the promise has been met. After no lottery tickets matched all 5 numbers plus the Mega Ball Friday night, the multi-state Mega Millions jackpot was increased to an estimated $205 million, with a lump-sum cash value of $110.6 million. Tuesday's Mega Millions jackpot is the accumulation of 15 consec
Nov 23, 2013, 7:51 am - Todd - Lottery News

$400 million S.C. Powerball winner to stay anonymousNews Story
There is a man in South Carolina who has been keeping a big secret for the past five days. Well, he did tell his dog. And, we assume, his wife. He's probably hoping his recent good fortune stays a secret, but this will be one mighty hard life-changing event to keep under wraps. South Carolina lottery officials said a man showed up at their office Monday with the winning ticket to last Wednesday's $399.4 million Powerball jackpot. In a news release, lottery officials said the man was
Sep 23, 2013, 6:38 pm - Todd - Lottery News