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$1.33 billion Powerball jackpot won by one ticket sold in OregonNews Story
Lump-sum cash option worth $621 million Drawing was delayed by one state needing more time to process sales Updated with area that winning ticket was sold By Todd Northrop Around the United States, millions of people had to wait an extra three hours last night to find out if they won the unbelievably massive Powerball jackpot, due to one unnamed state's inability to deal with the huge amount of ticket sales data. When the drawing did finally occur Sunday morning, it turns o
Apr 7, 2024, 8:13 am - Todd - Lottery News

$975 MILLION: Massive Powerball jackpot increases againNews Story
Easter sales dip might be holding it back By Todd Northrop The near-billion-dollar Powerball jackpot grew again last night, but perhaps not as much as it would have if this weren't Easter weekend. The latest increase of the current lengthy Powerball jackpot run comes after nobody won last night's drawing, sending the Monday jackpot ever closer to heights that once seemed unattainable for a lottery game. Monday's Powerball jackpot is currently estimated at $975 million, with a lu
Mar 31, 2024, 9:07 am - Todd - Lottery News

Virginia man who won $1,000 a week lottery prize in Cash4Life says it's just "good"Reply
I don't think most people understand how an annuity works. It is believed that if the state goes bankrupt then their lottery annuity will disappear. Also, no matter how old a lottery winner is, there is NO guarantee the person will live long enough to collect all the years of the annuity which ends in 20 years. Also a lottery winner only gets their annuity payment once a year. Most people want to regulate their own money instead of having it dished out yearly.
Dec 21, 2023, 2:27 pm - winterhug - Lottery News

$1.23 BILLION: Powerball jackpot juggernaut keeps rollingReply
I wouldn't call it an adjustment, but it's not at all rare for the cash:annuity ratio to remain the same from one drawing to the next. According to the worksheets on the TX website the last two runs have consistently kept the same ratio for 3 consecutive drawings before changing for the next 3 drawings. What's unusual is a change as big as this one. The annuity estimate was increased by $70 million, while the cash value only increased by $13.8 million. We've seen mistakes in some of the reported
Apr 6, 2024, 1:27 am - KY Floyd - Lottery News

$1.7 billion in combined jackpots, as USA multi-state lottery games peak togetherReply
The cash option was increased to $467 million, but the annuity remained $977 million.
Mar 22, 2024, 12:49 pm - Todd - Lottery News

New Jersey Lottery bumps up Jersey Cash 5 jackpot to $1 million in new promotionReply
Is that jackpot an annuity, or cash value?
Jan 10, 2024, 12:48 pm - Wavepack - Lottery News

$1.23 BILLION: Powerball jackpot juggernaut keeps rollingReply
It's very common, and in fact rarely is the cash and annuity adjusted proportionally. Many times the cash value changes but the annuity is not adjusted. Keep in mind they are both estimates, and we are strictly speaking here about numbers being adjusted prior to the drawing.
Apr 5, 2024, 12:55 pm - Todd - Lottery News

Mega Millions and Powerball offer $1.11 billion in combined lottery jackpotsReply
I see the MM jumped up tonight another $23 million Annuity and yet the cash only goes up $3.3 Million ??? The Cash to Annuity ratio fell almost a full 1 percent in 48 hrs
Mar 15, 2024, 1:33 pm - CDanaT - Lottery News

$1.7 billion in combined jackpots, as USA multi-state lottery games peak togetherReply
Once again, they've been fortunate enough that when interest rates changed sales magically increased exactly enough for the advertised annuity to remain the same. Assuming that current cash value is realistic the annuity would have been bumped to about 991.5 if the interest rate hadn't changed. If it rolls (about an 82% chance) it goes to $1.1 billion and $525 million cash.
Mar 22, 2024, 1:12 pm - KY Floyd - Lottery News

Merry ChristmasReply
Ques to throw out for discussion: I win the Lucky for Life and choose the annuity (let's assume I'm young for the sake of this argument) Okay, 20 yrs has gone bye ..... I'm in my mid fifties let's say and I'm in good health ..... I decide to sell my annuity to some financial company ..... Is that even possible? I would think if it were it would be based on 20 more years of my life, right? Oh yeah, Merry Christmas all!
Dec 25, 2023, 6:42 pm - ShagE3 - Lottery News