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USA Mega debuts Powerball lottery annuity calculator
new delhi India Member #22479 September 20, 2005 174 Posts Offline
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| Posted: October 10, 2005, 12:08 pm - IP Logged |
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a hello to all those online right now
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United States Member #16902 June 2, 2005 3493 Posts Offline
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| Posted: October 10, 2005, 12:45 pm - IP Logged |
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With the PB calculations, I think I can analyze it! I'm really happy that PB's payments increase just like CA SLP.
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Sparta, NJ United States Member #18644 July 9, 2005 1977 Posts Offline
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| Posted: October 10, 2005, 5:44 pm - IP Logged |
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I play your lottos occasionally and I always ask my sister in law in texas to buy the tickets as they have no state tax. Am debating whether to buy the PB this time ...240 is tempting..........
You don't consider $240M worth the buck? At what point will you splurge? 
|||::> *'`*:-.,_,.-:*''*:--->>> Chewie <<<---.*''*:-.,_,.-:*''* <:::|||
I only trust myself - and that's a questionable choice
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I dont know where United States Member #1736 June 18, 2003 103 Posts Offline
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| Posted: October 10, 2005, 8:56 pm - IP Logged |
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The way gas prices is I thiink it's worth a hold lot more just a buck, faith that you will win.
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New Mexico United States Member #12540 March 10, 2005 2987 Posts Offline
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| Posted: October 10, 2005, 11:21 pm - IP Logged |
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a hello to all those online right now
Hello back atcha shalini.
Good luck on those tickets.
Jack Absorb the good, ignore the bad, weigh the ugly. It's about number behavior. Egos don't count. Dedicated to the memory of Big Loooser
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new delhi India Member #22479 September 20, 2005 174 Posts Offline
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| Posted: October 11, 2005, 1:10 am - IP Logged |
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haha....its just that somehow it feels an impossible dream.............psychologically the euromillions feels more attainable...not that I have won any decent amounts on either....
the euromillions and the national lottery in the uk is tax freeby the way...some windfall clause or the other...in india its a tax deduction of 40% but then our lotteries, the few that are there don't deal with such enormous sums...what fun to win...
so, chewie...I think I will splurge
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Sparta, NJ United States Member #18644 July 9, 2005 1977 Posts Offline
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| Posted: October 12, 2005, 1:28 pm - IP Logged |
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I only play PP in Penn. Finally got around to studying the annuity numbers; just kinda glanced earlier. Annuity taxes total up to $60 million dollars. That's assuming no future tax increase by our legislators in Washington, or by either state. I hadn't realized the hit was that big. A million here, a million there, and pretty soon they can pork-barrel a highway to some Congressman's house. 
|||::> *'`*:-.,_,.-:*''*:--->>> Chewie <<<---.*''*:-.,_,.-:*''* <:::|||
I only trust myself - and that's a questionable choice
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Morrison, IL United States Member #4741 May 13, 2004 1632 Posts Offline
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| Posted: October 12, 2005, 7:37 pm - IP Logged |
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Chewie, tax uncertainty is part of the reason why cash value option is ALWAYS better than annuity.
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new delhi India Member #22479 September 20, 2005 174 Posts Offline
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| Posted: October 13, 2005, 1:13 am - IP Logged |
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also, its always nice to have your money in hand...god knows what stupid event could take place if your kismet is bad and you could lose it. CASH only!!
just read that the PB is upto 290 million...........
besides online, does PB or MM have any tie up with some UK firm in or around London where these lottos can be played...do let me know...
I am aware there is Prime service for online lotto purchase..............................
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Sparta, NJ United States Member #18644 July 9, 2005 1977 Posts Offline
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| Posted: October 13, 2005, 10:09 am - IP Logged |
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There is always a bookie some where, some place that will gladly take your money. Might not be there to pay it out though. Stick with an outfit that is recommended by some one who has proven their reliability. Todd recommends Prime. Option two: Spin the wheel, take your chances. 
|||::> *'`*:-.,_,.-:*''*:--->>> Chewie <<<---.*''*:-.,_,.-:*''* <:::|||
I only trust myself - and that's a questionable choice
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United States Member #380 June 5, 2002 11297 Posts Offline
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| Posted: October 31, 2005, 7:11 pm - IP Logged |
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I don't have to play with the calculator. I'm taking the cash. The new PB annuity should further encourage winners to choose lump sum.
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Sparta, NJ United States Member #18644 July 9, 2005 1977 Posts Offline
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| Posted: November 1, 2005, 10:58 am - IP Logged |
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I don't have to play with the calculator. I'm taking the cash. The new PB annuity should further encourage winners to choose lump sum.
I am a cash fanatic, I would be like Uncle Scrooge McDuck, bathing in the green bills all day. However, the calculater gives you an accurate perspective on what happens if you choose the annuity option. It always helps to see both sides, even if the other side has no idea of what they are talking about. 
|||::> *'`*:-.,_,.-:*''*:--->>> Chewie <<<---.*''*:-.,_,.-:*''* <:::|||
I only trust myself - and that's a questionable choice
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United States Member #380 June 5, 2002 11297 Posts Offline
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| Posted: November 1, 2005, 2:43 pm - IP Logged |
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I don't have to play with the calculator. I'm taking the cash. The new PB annuity should further encourage winners to choose lump sum.
I am a cash fanatic, I would be like Uncle Scrooge McDuck, bathing in the green bills all day. However, the calculater gives you an accurate perspective on what happens if you choose the annuity option. It always helps to see both sides, even if the other side has no idea of what they are talking about.
I hope Steve West is a cash fanatic, if he really is the PB winner.
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Chief Bottle Washer New Jersey United States Member #1 May 31, 2000 17060 Posts Online
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| Posted: November 1, 2005, 2:47 pm - IP Logged |
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I hope Steve West chooses annuity, just to see how he likes it over the long haul. It would be interesting, IMHO.
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United States Member #380 June 5, 2002 11297 Posts Offline
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| Posted: November 1, 2005, 3:21 pm - IP Logged |
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todd:
It would be TERRIBLE if the largest lottery prize in US history were to be paid through an annuity, which hasn't been the case in years. Then Jack Whittaker would have to break the new record.
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