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Powerball lottery jackpot climbs to $167 million

Topic closed. 20 replies. Last post 11 years ago by Chewie.

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Bethesda, Maryland
United States
Member #16901
June 6, 2005
446 Posts
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Posted: September 29, 2005, 8:47 pm - IP Logged

US Flag        "MT.7895."..

Caution:.Keep in mind where the argument over Annuity is concerned.....all states vary as far as State & local Taxes are concerned, and Circumstances vary over the Federal Taxes,  which we all must pay....especially after winning the Jackpot.....Therefore '"CASH ONLY"....teaches a valid lesson regarding the Lump Sum Payment. Some winners have in fact chosen the Annuity because of where they live, and it worked out for them better....as it taught them how to manage the payouts, with repsect to Taxes, Investments, Family and Friends needs....

I read some very interesting stories of lottery winners in People Magazine and saved the issue to Inspire myself to continue to play.....every so often I read the stories of all these different winners and what they are doing with their monies......It's been a really mixed bag. Some took the Lump Sum....others preferred Annuity.......if they messed up in the fst year they did better the next

    mt7895's avatar - kanji for_peace.jpg
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    United States
    Member #4397
    April 21, 2004
    21 Posts
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    Posted: September 30, 2005, 12:30 am - IP Logged

    US Flag        "MT.7895."..

    Caution:.Keep in mind where the argument over Annuity is concerned.....all states vary as far as State & local Taxes are concerned, and Circumstances vary over the Federal Taxes,  which we all must pay....especially after winning the Jackpot.....Therefore '"CASH ONLY"....teaches a valid lesson regarding the Lump Sum Payment. Some winners have in fact chosen the Annuity because of where they live, and it worked out for them better....as it taught them how to manage the payouts, with repsect to Taxes, Investments, Family and Friends needs....

    I read some very interesting stories of lottery winners in People Magazine and saved the issue to Inspire myself to continue to play.....every so often I read the stories of all these different winners and what they are doing with their monies......It's been a really mixed bag. Some took the Lump Sum....others preferred Annuity.......if they messed up in the fst year they did better the next

    I Agree!

      fiona$'s avatar - mystic
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      fort wayne, indiana
      United States
      Member #18439
      July 11, 2005
      11 Posts
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      Posted: September 30, 2005, 2:29 am - IP Logged

      It will be tough for Powerball to ever get as high as Mega millions can, Powerball has a cap, the jackpot will only go up $25mil MAX at a time no matter how many tickets are purchased when it reaches what they call a "record amount". The excess money goes in a match 5 bonus pool to be divied up amoung all match 5 winners when the jackpot is won. so when someone hits the jackpot, everyone who matches all the white balls without the powerball get their $200,000.00 plus an equal share of the bonus pool.

        dvdiva's avatar - 8ball

        United States
        Member #2338
        September 17, 2003
        2063 Posts
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        Posted: September 30, 2005, 2:54 am - IP Logged

        The cap doesn't hit until 339.9 million and I really doubt this run can get that high.


          United States
          Member #379
          June 5, 2002
          11296 Posts
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          Posted: September 30, 2005, 3:52 pm - IP Logged

          I think there's a very realistic chance we will see the Match 5 bonus gimmick come into play during this run. As for cash/annuity it's virtually unheard for for someone receiving a $100 million prize through annuity payments.

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            Sparta, NJ
            United States
            Member #18331
            July 9, 2005
            1977 Posts
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            Posted: October 1, 2005, 12:16 pm - IP Logged

            I think there's a very realistic chance we will see the Match 5 bonus gimmick come into play during this run. As for cash/annuity it's virtually unheard for for someone receiving a $100 million prize through annuity payments.

            WOW - 100 million dollars every year for (26 or) 30 years. What a thought!

            I'd spend most of it looking for the foutain of youth.

            Cheers

            |||::> *'`*:-.,_,.-:*''*:--->>> Chewie  <<<---.*''*:-.,_,.-:*''* <:::|||

            I only trust myself - and that's a questionable choice