Welcome Guest
Log In | Register )
You last visited April 30, 2017, 6:43 am
All times shown are
Eastern Time (GMT-5:00)

USA Mega debuts Powerball lottery annuity calculator

Topic closed. 32 replies. Last post 11 years ago by CASH Only.

Page 2 of 3
PrintE-mailLink
Avatar
new delhi
India
Member #22145
September 20, 2005
174 Posts
Offline
Posted: October 10, 2005, 12:08 pm - IP Logged

a hello to all those online right now


    United States
    Member #16612
    June 2, 2005
    3493 Posts
    Offline
    Posted: October 10, 2005, 12:45 pm - IP Logged

    With the PB calculations, I think I can analyze it! I'm really happy that PB's payments increase just like CA SLP.

      Avatar
      Sparta, NJ
      United States
      Member #18331
      July 9, 2005
      1977 Posts
      Offline
      Posted: October 10, 2005, 5:44 pm - IP Logged

      I play your lottos occasionally and I always ask my sister in law in texas to buy the tickets as they have no state tax. Am debating whether to buy the PB this time ...240 is tempting..........

      You don't consider $240M worth the buck? At what point will you splurge?

      Cheers

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

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

        mken32's avatar - Lottery-062.jpg
        I dont know where
        United States
        Member #1702
        June 18, 2003
        103 Posts
        Offline
        Posted: October 10, 2005, 8:56 pm - IP Logged

        The way gas prices is I thiink it's worth a hold lot more just a buck, faith that you will win.

          Avatar
          New Mexico
          United States
          Member #12305
          March 10, 2005
          2984 Posts
          Offline
          Posted: October 10, 2005, 11:21 pm - IP Logged

          a hello to all those online right now

          Hello back atcha shalini.

          Good luck on those tickets.

          Jack

          Absorb the good, ignore the bad, weigh the ugly.

          It's about number behavior.

          Egos don't count.

           

          Dedicated to the memory of Big Loooser

           

            Avatar
            new delhi
            India
            Member #22145
            September 20, 2005
            174 Posts
            Offline
            Posted: October 11, 2005, 1:10 am - IP Logged

            haha....its just that somehow it feels an impossible dream.............psychologically the euromillions feels more attainable...not that I have won any decent amounts on either....

            the euromillions and the national lottery in the uk is tax freeby the way...some windfall clause or the other...in india its a tax deduction of 40% but then our lotteries, the few that are there don't deal with such enormous sums...what fun to win...

            so, chewie...I think I will splurgeI Agree!

              Avatar
              Sparta, NJ
              United States
              Member #18331
              July 9, 2005
              1977 Posts
              Offline
              Posted: October 12, 2005, 1:28 pm - IP Logged

              I only play PP in Penn. Finally got around to studying the annuity numbers; just kinda glanced earlier. Annuity taxes total up to $60 million dollars. That's assuming no future tax increase by our legislators in Washington, or by either state. I hadn't realized the hit was that big. A million here, a million there, and pretty soon they can pork-barrel a highway to some Congressman's house.

              Cheers

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

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

                Avatar
                Morrison, IL
                United States
                Member #4657
                May 13, 2004
                1884 Posts
                Offline
                Posted: October 12, 2005, 7:37 pm - IP Logged

                  Chewie, tax uncertainty is part of the reason why cash value option is ALWAYS better than annuity.

                  Avatar
                  new delhi
                  India
                  Member #22145
                  September 20, 2005
                  174 Posts
                  Offline
                  Posted: October 13, 2005, 1:13 am - IP Logged

                  also, its always nice to have your money in hand...god knows what stupid event could take place if your kismet is bad and you could lose it. CASH only!!

                  just read that the PB is upto 290 million...........

                  besides online, does PB or MM have any tie up with some UK firm in or around London where these lottos can be played...do let me know...

                  I am aware there is Prime service for online lotto purchase..............................

                    Avatar
                    Sparta, NJ
                    United States
                    Member #18331
                    July 9, 2005
                    1977 Posts
                    Offline
                    Posted: October 13, 2005, 10:09 am - IP Logged

                    There is always a bookie some where, some place that will gladly take your money. Might not be there to pay it out though. Stick with an outfit that is recommended by some one who has proven their reliability. Todd recommends Prime. Option two: Spin the wheel, take your chances.

                    Cheers

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

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


                      United States
                      Member #379
                      June 5, 2002
                      11296 Posts
                      Offline
                      Posted: October 31, 2005, 7:11 pm - IP Logged

                      I don't have to play with the calculator. I'm taking the cash. The new PB annuity should further encourage winners to choose lump sum.

                        Avatar
                        Sparta, NJ
                        United States
                        Member #18331
                        July 9, 2005
                        1977 Posts
                        Offline
                        Posted: November 1, 2005, 10:58 am - IP Logged

                        I don't have to play with the calculator. I'm taking the cash. The new PB annuity should further encourage winners to choose lump sum.

                        I am a cash fanatic, I would be like Uncle Scrooge McDuck, bathing in the green bills all day. However, the calculater gives you an accurate perspective on what happens if you choose the annuity option. It always helps to see both sides, even if the other side has no idea of what they are talking about.

                        Cheers

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

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


                          United States
                          Member #379
                          June 5, 2002
                          11296 Posts
                          Offline
                          Posted: November 1, 2005, 2:43 pm - IP Logged

                          I don't have to play with the calculator. I'm taking the cash. The new PB annuity should further encourage winners to choose lump sum.

                          I am a cash fanatic, I would be like Uncle Scrooge McDuck, bathing in the green bills all day. However, the calculater gives you an accurate perspective on what happens if you choose the annuity option. It always helps to see both sides, even if the other side has no idea of what they are talking about.

                          I hope Steve West is a cash fanatic, if he really is the PB winner.

                            Todd's avatar - Cylon 2.gif
                            Chief Bottle Washer
                            New Jersey
                            United States
                            Member #1
                            May 31, 2000
                            23599 Posts
                            Offline
                            Posted: November 1, 2005, 2:47 pm - IP Logged

                            I hope Steve West chooses annuity, just to see how he likes it over the long haul.  It would be interesting, IMHO.

                             

                            Check the State Lottery Report Card
                            What grade did your lottery earn?

                             

                            Sign the Petition for True Lottery Drawings
                            Help eliminate computerized drawings!


                              United States
                              Member #379
                              June 5, 2002
                              11296 Posts
                              Offline
                              Posted: November 1, 2005, 3:21 pm - IP Logged

                              todd:

                              It would be TERRIBLE if the largest lottery prize in US history were to be paid through an annuity, which hasn't been the case in years. Then Jack Whittaker would have to break the new record.