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$1.4 BILLION: Powerball jackpot juggernaut keeps rollingReply
Ooh yes it does. I would just take it all and put it into 12 month T.Bills at 5.4% PA for a return of 13.7M a year after taxes. I don't need a 47M sprawling house, am ok with a 1M upgrade That is so much money, for real.
Oct 6, 2023, 8:41 am - JustMaybe - Lottery News

$1.2 BILLION: Powerball jackpot is 3rd-largest in game historyReply
Sales are definitely down for this size jackpot Mondays are always slow compared to the other drawings, but tonight is Wednesday and they haven't raised the estimate at all. I'd still have thought it would finish out a bit higher, but a roll will mean an advertised jackpot of just 1.4 for Saturday. At this rate I'm not sure we'll see 2 billion by next Wednesday, assuming it keeps rolling. Of course they'll claim a new record if it makes it to 2.04001 billion, but with the current cash:a
Oct 4, 2023, 8:18 pm - KY Floyd - Lottery News

$835 MILLION: Powerball jackpot set to deliver ultra-wealthReply
The trick is not to get swayed by the amounts, just spend what one can afford and leave the rest to fate as it were. You could not be more correct if you had to be! What most don't understand is how incredibly wealthy 835 million dollars would actually make someone. The same is true for the current cash value amount of 390.4 million. Banks consider an ultra high networth individual as having 30 million dollars or more to invest. The current cash value amount after taxes is 246 mill
Sep 27, 2023, 8:34 am - GiveFive - Lottery News

$2 billion Powerball lottery winner Edwin Castro buys a third California mansion for $47 millionReply
This guy is really spending money. I just hope he doesn't go broke. When buying houses, one needs to take into account the costs of ownership like maintaining the property, taxes, utilities, etc. I'm sure they are pretty high considering the size and costs of the properties. I'm sure a vintage 911 isn't cheap either. I'm just hoping he doesn't end up one of those lottery winners we hear about who goes broke and ends up worse off. Only time will tell.
Sep 12, 2023, 9:54 pm - PrisonerSix - Lottery News

Virginia: 8/1 - 8/31/2023Reply
Wow! That's great mswiz777! I must have either your post or the Virginia Lottery website. Thanks for setting me straight. Congrats again! P.S. Does that mean you have to pay taxes on that money since it's over $600? P.P.S. I owe STell743 an apology, too. Sorry about that, STell743! I checked the Virginia website before I posted and I got it wrong. Again, sorry about that and thanks for keeping me honest!
Aug 19, 2023, 3:24 pm - parlayman - Pick 3 Forum

Iowa Lottery to add Double Play add-on feature to PowerballReply
Just want to add*** Double Play does not have an annuity like the main PowerBall draw. The 10,000,000 is $10,000,000 before federal state taxes which is a nice plus!
Aug 19, 2023, 12:30 pm - LottoChangeMyL - Lottery News

One ticket sold in Florida is sole winner of $1.58 billion Mega Millions jackpotReply
You think it is rigged for certain states to win it. Considering Florida and California have no state tax on lottery winnings , it makes no sense to rig a MM or PB drawing to benefit either state. Several states collect over 8% in state taxes and it's over 10% in a couple. They don't want the facts to get in the way of their conspiracy theories.
Aug 11, 2023, 3:45 pm - Stack47 - Lottery News

Jackpot : Annuity vs cash valueReply
If you win a jackpot, you can choose to receive the jackpot in an annuity that is paid in 30 graduated payments over 29 years with an annual interest rate of 5% or as a lump sum 1 . A lump sum means you get a smaller payout immediately. An annuity spreads your payments out over several years and gives you a larger jackpot over time 2 . The decision between taking the lump sum or annuity depends on your personal financial situation and goals. If you take the lump sum, you will pay all applica
Aug 8, 2023, 11:01 am - wander73 - Jackpot Games Forum

$1.55 BILLION: Biggest Mega Millions jackpot ever to be drawn TuesdayReply
Question. This is after all the taxes and it says you are paid $355 million, are there more money that will be taken out to pay uncle sam? Just curious! jackpot analysis
Aug 7, 2023, 4:03 pm - brees2012 - Lottery News

$1.55 BILLION: Biggest Mega Millions jackpot ever to be drawn TuesdayReply
One of the flip sides of taking the annuity is that you are only certain of the current year tax bracket. In the following years, the tax could go up, go down or remain the same. That's one of the gamble as far as taxes are concerned with annuity. With a win this high it doesn't really matter because you'll be getting paid more than the max for all filing status, so you'll be in the current 37% tax bracket for the next 29 years if the tax brackets remain constant.
Aug 7, 2023, 10:12 am - JustMaybe - Lottery News