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I know that this is technically not a lottery question, it's about PCH Sweepstakes bankruptcy .
So, Publisher's Clearinghouse had a Sweepstakes where if you win you were supposed to win millions of dollars for life through an annuity program. They even had an annuity program where when you die someone you chose as your heir, gets millions of dollars until they die. Recently and suddenly, PCH went bankrupt, leaving winners suddenly in financial ruin. One winner won the annuity Sweepstakes roughly 10 years ago and quit his job since he was promised millions of dollars until his death. He was
May 25, 2026, 10:05 pm - Lotto Motto - Lottery Discussion Forum

Is the Annuity payout safe?Reply
I also was thinking about the recent Publisher's Clearinghouse annuity fiasco when they went bankrupt and left annuity winners out in the cold and one annuity winner in particular was left financially ruined as he quit his job roughly 10 years ago when he won the PCH Annuity for Life as he was supposed to be getting millions of dollars from PCH until his death and then the payments suddenly stopped permanently when the PCH filed for bankruptcy. He said that he was having a hard time finding a jo
May 23, 2026, 5:17 pm - Lotto Motto - Lottery Discussion Forum

Is the Annuity payout safe?
What happens to your annuity payments if your state lottery closes?
May 19, 2026, 10:18 pm - justAndy1970 - Lottery Discussion Forum

Is the Annuity payout safe?Reply
Unlike Publisher's Clearinghouse, when you win a large amount of money and take the annuity, the lottery really does have all the money needed to fund the annuity right now. They buy the annuity for you and then you collect from whoever sold the annuity to the state (probably government bonds). You are not depending on the state to raise the money needed to pay you every year.
May 20, 2026, 9:51 am - Tucker Black - Lottery Discussion Forum

Annuity or Cash Value
Cash values of the MM PB jackpots are around 45% of the advertised Annuity. What would be your choice ?
May 8, 2026, 11:49 am - CDanaT - Lottery Discussion Forum

Annuity or Cash ValueReply
just look at what happened with publishers clearing house. Here's a fun fact. Publisher's Clearing House wasn't running a Ponzi scheme, but they were apparently paying for prizes won in the past with the money they were making when a prize payment was due. There was no prize money set aside in a separate fund, let alone with a 3rd party that was responsible for making the payments independently of PCH. If a state defaults on an annuity it's going to be because there was some major financial
May 9, 2026, 1:56 am - KY Floyd - Lottery Discussion Forum

I know that this is technically not a lottery question, it's about PCH Sweepstakes bankruptcy .Reply
if you're worried about a state lottery not being able to pay an annuity, choose the lump sum.
May 27, 2026, 9:11 pm - Brock Lee - Lottery Discussion Forum

I know that this is technically not a lottery question, it's about PCH Sweepstakes bankruptcy .Reply
He said this left him financially ruined and he can't find a job as he hasn't worked in roughly 10 years and is an older man. He said he blew his PCH Annuity payments frivolously Poor decisions can lead to all sorts of problems. If he's lucky some of that frivolous spending resulted in assets that can be sold, such as more house than a guy with a modest fixed income (he probably qualifies for social security) needs, and Walmart might give him a job as a greeter. What do the wronged PCH
May 26, 2026, 12:18 am - KY Floyd - Lottery Discussion Forum

Annuity or Cash ValueReply
I voted for the cash please. When I was young I wanted the Annuity.
May 14, 2026, 10:35 pm - JackpotWanna - Lottery Discussion Forum

Annuity or Cash ValueReply
What would be a reasonable cut off age where one says, heck no, am taking cash I don't think that whether or not you expect to live long enough to collect all of the payments is a good reason for making the choice between cash and annuity. Being older, within reason, could argue in favor of the annuity. If you're under 50 or 60 there are probably a lot more reasons you might want to spend a disproportionate amount of the jackpot in the first few years. If you're 70 and the cash value is $10
May 12, 2026, 10:55 pm - KY Floyd - Lottery Discussion Forum