Kansas man claims state's largest Powerball lottery jackpot one day after winningReply
but having an annuity unil you are 100 years old sure is an incentive to stay alive till 100 to collect em all.
Nov 19, 2009, 7:24 pm - savagegoose - Lottery News forum

First time player wins $5 million lottery jackpotReply
The $5M would be with the Lottery investing in whatever, so the 2.x with cash option, and then taxes. The $2.8M or so is what the total sales are for this jackpot so far MINUS the takeout (what the Lottery uses for their costs or Education etc.), and then out of that is about 1/3 in taxes. The $5M is the advertised *annuity* jackpot meaning over years it's invested and paid out slowly so the remaining balance earns interest. The rule of thumb is, whatever the Annuity prize is ( The j ...
Nov 17, 2009, 9:01 pm - LckyLary - Lottery News forum

N.Y. Lottery looks to increase prizes through investment strategiesReply
sounds like step 1 in forcinf annuity. i mean cant make all this %8 p.a. if you have to hand out all the winnings in a lumpsum. poor NY lotto players imagine your state losing ytour annuity after the 1st 5 years becaus eof bad investments?
Nov 17, 2009, 5:17 pm - savagegoose - Lottery News forum

Kansas man claims state's largest Powerball lottery jackpot one day after winningReply
He had the choice of a 30 year annuity.... I don't think so! Sure, collect his last check @ 100! MarkP
Nov 16, 2009, 8:18 am - markp1950 - Lottery News forum

The Economy Has Got>>Me!Reply
Wishing I would win here, and hoping all winners win before the current administrsation passes the Reverse Jackpot Law which will state that lottery winners have to pay an annuity!
Nov 9, 2009, 6:27 pm - Coin Toss - Lottery Discussion forum

What if we make LP free: Really "FREE": Make Todd Rich and LP Global..Reply
Banks have better interest rates they can guarantee in annuities and investments and probably other products.
Nov 5, 2009, 12:38 pm - grandmadec - Lottery Discussion forum

Grocer, couple cash in on lotteryReply
I rarely buy scratchers but I didn't realize they were paid out as annuities. I thought it was lump sum. I wonder if most people know that and if it is a factor in their decision to play or not play scratchers.
Oct 8, 2009, 9:53 am - rdgrnr - Lottery News forum

Lottery winner gets help on plan to turn good fortune into lifelong prosperityReply
hey he made the 1st call about winning an annuity, that it isnt a lot of money. once the time is up he has to have something to live on after. good luck to the guy. there is 1 real estate deal he should buy and thats a place to live.
Oct 7, 2009, 1:35 pm - savagegoose - Lottery News forum

Money for LotteryReply
this isnt exactly how it works but its close state takes in $100m in ticket purchases assigns %60 or 60 mill in prize money divides it into brackets for ea prize pool 20% top = 12m 30% middle= 18m 50% lower. =30m top prize in this instance would be $12 mill, if its annuity they buy state mutual bonds and the payout is paid annually so taxes get taken out the yearly payment. say %1 interest on bonds, = 120k a year for 25 years,
Oct 7, 2009, 1:22 pm - savagegoose - Lottery Discussion forum

For the Millionth Time...Reply
I came back to edit it and was a minute too late with clicking the submit button. I wanted to clarify and correct something I forgot to subtract the first payment from the annuity as well.
Oct 2, 2009, 5:14 am - DC81 - Lottery Discussion forum