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WARNING: NY King Kong scratch
Unfortunately AFAIK it's still legal for lotteries to force certain winners to receive annuity payments in lieu of cash. The bill signed in 1998 by President Clinton (the 60-day rule) did not go far enough. It should have required ALL lotteries to give ALL winners the option of taking a lump sum if the prize is advertised as an annuity.
Dec 3, 2005, 4:42 pm - CASH Only - Instant ("Scratch-Off") Games Forum
Lottery corruption
i'd take the annuity no matter what the circumstances are. that way, if i screw up with an investment, i get a second chance the next year. if i do not live to recieve all the payments, then i am doing my estate good by passing the payments on to them. i feel i can't go wrong with the annuity. CASHOnly: i can understand why you are in favor of the cash option, and i respect your opinion, but it seems to me that you are making a big deal over a small issue.
Oct 27, 2004, 11:00 pm - DoctorEw220 - Instant ("Scratch-Off") Games Forum
Florida Scratch Offs - Post Pictures if posible
Biggest was $2 Million last year. For this one, I am undecided, but I am leaning towards the annuity.
Nov 5, 2017, 11:34 pm - EMTAdam - Instant ("Scratch-Off") Games Forum
Florida Scratch Offs - Post Pictures if posible
It must feel absolutely amazing to get these wins. Congrats
Haven't been here long enough but I recall you winning big prizes in past from reading thru comments of people here
What have been your big wins? Is this biggest?
Is this an annuity only win or do you have cash option? If its both do you plan to take cash option or annuity? If your youngish and with previous big wins this might be jackpot to take an annuity on and just build more long term financial security with
On
Nov 4, 2017, 11:29 am - Illinoisdreamer - Instant ("Scratch-Off") Games Forum
Florida Scratch Offs - Post Pictures if posible
5m is if u take the annuity - duckman referenced the cash value if u take the lump sum
Sep 23, 2015, 4:13 pm - yellowpig - Instant ("Scratch-Off") Games Forum
CA Lottery - California Love - CA Lottery Scratchers
There have been many games in the past well before Lucky for Life, and Luxky Life that had an annuity for the top prize. It just was not publicly disclosed on the ticket like those games. In private the CA Lottery offered a lump sum that was well less than the total annuity amount.
I would estimate that the lump sum for the $30 game will be $6 million.
Jul 30, 2015, 1:52 pm - CAScratcher20 - Instant ("Scratch-Off") Games Forum
CA Lottery - California Love - CA Lottery Scratchers
It looks like this is the first non-Lucky for Life Scratchers that has an annuity option for the top prize.
Jul 30, 2015, 2:23 am - mrcraft - Instant ("Scratch-Off") Games Forum
Post your scratch ticket results
That is no longer true in Mass. You can get paid instantly instead of taking the annuity, if you choose to.
Jul 22, 2015, 2:13 pm - Spincognito - Instant ("Scratch-Off") Games Forum
New $30 world class millions ticket here in IL.
why is cash value so low - NY is like 78% or so of the annuity value not 60%
Jul 20, 2015, 11:02 pm - yellowpig - Instant ("Scratch-Off") Games Forum
CA Lottery - California Love - CA Lottery Scratchers
Yeah, I was using the GP annuity value of $6,500,000 instead of the cash value of $3,250,000.
May 2, 2014, 1:07 pm - green sandals - Instant ("Scratch-Off") Games Forum