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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

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

Is the Annuity payout safe?Reply
For the most part I think the annuity is a safe option. More so with the Multi State Games. The safety of the annuity may be argued in terms of the payout duration. Are we certain of living for the next 29 years to collect all the payments? No one knows for certain. Will the tax environment change so much and affect the future payments negatively? Who knows. Is there a possibility of any country ending up like Ukraine? If yes, would I want the government to be holding my money or
May 25, 2026, 9:46 pm - JustMaybe - Lottery Discussion Forum

I know that this is technically not a lottery question, it's about PCH Sweepstakes bankruptcy .Reply
Thank you for that indepth detailed link to the PCH Annuity Sweepstakes Bankruptcy. :) I was mistaken when I said he was supposed to get millions until his death, turns out he was getting $260,000 a year before taxes. That's still a very nice chunk of change to live off. There are people who work for 10 years and accumulate around $260,000 minus taxes and he was getting that every year for 10 years and not having to work. He shouldn't have blown his money frivolously.
May 26, 2026, 9:18 am - Lotto Motto - Lottery Discussion Forum

Are you playing Mega Millions with the $5.00 per play?Reply
On Page 3 of this thread I said, I will probably play when the CASH VALUE is at $500,000,000 + , referring to the new $5 MM ticket price. Now, the PB is playing their gormless games...SO....If this UK thing happens ?? I will most likely develop the same starting point--$500 Million CASH VALUE. PB leadership has shot themselves in the foot(IMHO) with their failing to restart the jackpot at $40 Million due to Covid mess in 2020-2022. That medical problem has been subsided now for 3+ years but the
Jun 2, 2026, 12:15 pm - CDanaT - Lottery Discussion Forum

Are you playing Mega Millions with the $5.00 per play?Reply
The Measly Millions has rolled over(#21) once again, which is a good thing for all MM players. The projected new Cash Value increase from the previous draw is $8.6 Million. That is down from the previous increase of $8.8 Million on 5/29/26. *See attached link for Cash Value increases/decreases. Numbers don't lie folks. https://www.texaslottery.com/export/sites/lottery/Documents/jackpotestimates/mm20260529.pdf With the recent poll taken on 5/08/26, A resounding 80% of voters opte
May 30, 2026, 7:45 am - CDanaT - Lottery Discussion Forum

Are you playing Mega Millions with the $5.00 per play?Reply
I see the Measly rolled again..... No up tick from the $8.2 Million Cash value from the last draw. Down turn to $7.8 Million after the 19th consecutive rollover. Annuity CASH 20) $311,000,000 $136,400,000 * up $ 7.8 Million Cash ----------- Projected https://www.texaslottery.com/export/sites/lottery/Documents/jackpotestimates/mm20260522.pdf Good luck to all that are participating in this game next Tuesday 5/26/26. Have a great Memorial Weekend
May 23, 2026, 11:31 am - CDanaT - Lottery Discussion Forum

Michigan woman in tears at $1 million prize after reinvesting lottery winnings in new ticketNews Story
Winner runs out crying after friend suggests they stop for tickets By Kate Northrop An unassuming pitstop for lottery tickets became an occasion worthy of shed tears when a Michigan woman reinvested her lottery winnings and won $1 million. All it took for one Michigan woman to leave a store in tears was a quick suggestion and snap decision that made her the winner of a $1 million prize. The anonymous Genesee County resident was already out and about celebrating a special occasion
May 27, 2026, 8:55 am - Todd - Lottery News