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Mega Millions vs Ohio 6/49Reply
Todd, I've mentioned before that it's not so much the longer annuity period in Ohio Lotto (30 payments) than in MM (26) but the fact that the Ohio Lottery makes TWO calculations of the annuity; one to determine the actual cash value of the annuity, and one to determine what is PAID to the winner(s). Different percentage rates are used (unless it has changed, the %ages differ by 1 1/2 points; ie, 4.25% might be used to compute the actual retail
Sep 14, 2002, 9:55 am - CASH Only - Jackpot Games Forum

TX winner a potential loserReply
Freddy: Todd, myself, and others have pointed out various pitfalls involving annuity payments. Most lotto games pay the annuity in 25, 26, or 30 annual payments (Powerball's new format, coming next month, includes a change in the annuity, from 26 to 30 installments.) Several games, including California SuperLotto Plus, pay the annuity so that the smallest payments are at the beginning. CA SL+ and some other games still require the choice to be made when you PLAY instead of after you win. And, th
Sep 4, 2002, 11:04 am - CASH Only - Jackpot Games Forum

Probability of a MegaMillions rollover.Reply
The Megamillions jackpot has rolled over and the cash value is now $52.4M. The cash value reached on the last drawing was $45.2M. The annuity value is now $88M, just shy of the $90M annuity record for this number of drawings in a prize building pool. The lottery is apparently predicting 22.6M in sales. If this proves to be correct, the probability of various numbers of winners is given in the following table:087.93%111.31%20.73%30.03%I have updated the data fitted into my exponential modelin
Dec 28, 2005, 11:06 am - Prob988 - Jackpot Games Forum

Tonight’s PB, fun facts...
The posted annuity value is $90,000,000, this is a payout of $2,190,000 per year... of that amount, they only withhold 27%, leaving you responsible for paying the additional 8% ($240,000) for a realistic total of $1,950,000. Not bad... total payout will be $58,500,000The posted Cash value is $50,200,000, this is a one-time payout of $36,646,000... you will need to also pay the remaining 8% not withheld by MUSL ($4,016,000) leaving you with a one-time payment of $32,630,000 after all taxes are p
Mar 13, 2004, 6:27 pm - hypersoniq - Jackpot Games Forum

More money with the MegamillionsReply
The Powerball annuity is paid out more slowly than the MM annuity, so for a given amount of cash the advertised annuity is bigger.
Jul 30, 2007, 1:31 am - KY Floyd - Jackpot Games Forum

MegaMillions advertised annuity
Could anyone share the pros and cons of taking the advertised annuity vs the lump sum amount?
Apr 6, 2007, 3:00 pm - kjs703 - Jackpot Games Forum

Is your state a powerball or a megamillions stateReply
When the jackpot is at $20 million the lump sum or cash value amount represents the amount of money it takes to purchase a $20 million annuity. The Powerball annuity has 30 payments and Mega Million has 26 so MM's lump sum payoff is higher on a $20 million jackpot because the annuity term is shorter. A 26 year $20 million annuity costs more than a 30 year annuity and that why the MM cash value for the same advertised jackpot amount is higher. Today's Powerball cash value jackpot is $10.3 mill
Oct 10, 2008, 4:07 pm - Stack47 - Jackpot Games Forum

MM annuity equivalent in PB: $93M.
The current cash value of the MM jackpot is $44.9M. The advertised annuity jackpot is $77M meaning the cash/annuity ratio is 0.599. The current cash prize in powerball is $14.6M which is advertised as $30M annuity, meaning the cash/annuity ration is 0.489This means that a cash value prize (which represents the true value of a lottery prize) equivalent to the current MM jackpot prize would be represented as a $93M jackpot.The entire annuity business (as well as ever lengthening odds) is mislead
Dec 27, 2005, 9:55 am - Prob988 - Jackpot Games Forum

28 most common questions about Powerball
From the Powerball website. A couple of them are below, all 28 are listed on the link. I'm putting this in Lottery Discussions and not Jackpot Games because I'm sure at least a few of them apply to all lotteries: CAN I REMAIN ANONYMOUS WHEN I HIT THE JACKPOT? All but three states (DE, KS, ND) have laws that require the lottery to release the name and city of residence to anyone who asks. One state (SC) will keep your name secret if you request it, but if someone files a Fre
Jan 13, 2007, 10:17 pm - Coin Toss - Jackpot Games Forum

MegaMillions advertised annuityReply
If you're young enough to potentially get all the annuity payments, and the yearly amount is enough that you would have more than enough money to spend and invest, why not annuity? Then you don't have to wory about losing it all in a few years. On pots over 10 MILL I take Annuity. The theory is that with cash option you can get your own Annuity But with that much money per year I'd be happy with it.
Apr 7, 2007, 11:31 am - LckyLary - Jackpot Games Forum