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New Library DefinitionReply
Todd: I didn't want to be too wordy The cash value of an annuity prize depends on interest rates, the length of (usually 20-30 years), and the type of, the annuity (usually the cash value is 50-60% of the annuity). Annuity prizes include future interest, which is why the cash option amount is always less than the advertised annuity amount. Lottery winners, when given the choice of cash or annuity, are much more likely to take the lump sum over the yearly payments.Todd: I would think you would
Apr 3, 2003, 8:32 pm - CASH Only - Suggestions Forum

Posted Jackpot values, annuity.
Todd,Is it possible to post the cash value of the jackpots to the left in addition to the annuities?Example:> Powerball$33 Million annuity$17 Million cash> Mega Millions$26 Million annuity$14 Million cash
May 20, 2004, 3:32 pm - JADELottery - Suggestions Forum

New Library Definition - Cash Option
Cash OptionAlso, Lump-Sum OptionOne of the two typical ways a lottery prize is paid (the other being Annuity).When a lottery prize is paid with the Cash Option, the winner receives one large payment from the lottery, usually within a few weeks of redeeming the winning ticket. Applicable taxes are normally withheld prior to the payment, although the winner may be responsible for additional taxes after receiving the prize, depending upon their situation.Although most government lotteries allow th
Apr 6, 2003, 10:57 am - Todd - Suggestions Forum

For SinglesReply
in the name of annuity...before you break my heart,lol
Feb 22, 2006, 7:55 am - LOTTOMIKE - Suggestions Forum

For SinglesReply
Thought you didn't like long term relations - cash only, NO annuity (long term)?
Feb 19, 2006, 2:03 pm - Chewie - Suggestions Forum

A "Lottery Winner's Education" SectionReply
Rule #1 after winning the jackpot is: choose LUMP SUM. Of course, I live in a state where you have to make the cash/annuity choice when you play.
Apr 26, 2006, 9:51 am - CASH Only - Suggestions Forum

New Library Definition - Cash OptionReply
So, CashOIdon'tKnowTheDefinitionOfCashOption:So, now you're taking credit for Todd's work? Next thing you're gonna say is that this website was your idea.... Must be the lumpsum you took over your troubled head too many times. You wouldn't be like this if you preferred Annuity.
Apr 9, 2003, 10:24 am - AnnuityIsGreat - Suggestions Forum

New Library DefinitionReply
Casho,Looks like you have NO idea what cash option means by the votes you're getting. The one yes vote you received is obviously by you. Give it up! Stick to Annuity! It works everytime.
Apr 9, 2003, 8:25 am - AnnuityIsGreat - Suggestions Forum

New Library DefinitionReply
I'd love to add some more information to the definition explaining why the cash option is usually somewhere around half of the advertised annuity amount. (I didn't vote yet.) Do you want to take a crack at it?
Apr 3, 2003, 6:15 pm - Todd - Suggestions Forum

New Library Definition
CASH OPTION: Offered in many games where the top prize(s) is/are otherwise paid through an annuity. The choice is either exercised when you buy the ticket or after you win, depending on the rules of the game.
Apr 3, 2003, 3:11 pm - CASH Only - Suggestions Forum