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Sales for new Texas Lotto starts today

Topic closed. 16 replies. Last post 11 years ago by CASH Only.

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anonymous77's avatar - moon
Seoul
Korea, South
Member #21859
September 16, 2005
346 Posts
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Posted: April 29, 2006, 10:27 am - IP Logged

Anyone know the cash value on the 33 mil jackpot, figure i try my luck. Just wonderin how much i could win

Lotto Texas annuity jackpot is paid as "25" annual installments, as indicated in TX lottery website. I just tried to estimate the cash value of $36M Lotto TX annuity jackpot for 4/29 drawing, tonight.

Assuming that Texas Lottery and Mega Millions have the same rate of return on their investment of cash jackpot, I could get the estimated cash option value of $21 million. In that case, the cash value ratio of Lotto Texas jackpot would be equal to 58%, while the cash value ratio of MM is 56%.

That's just my estimate. Good luck!

 


ånonymous77 - Primarily for fun and entertainment!

 


    United States
    Member #379
    June 5, 2002
    11296 Posts
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    Posted: May 26, 2006, 3:48 pm - IP Logged

    Anyone know the cash value on the 33 mil jackpot, figure i try my luck. Just wonderin how much i could win

    Lotto Texas annuity jackpot is paid as "25" annual installments, as indicated in TX lottery website. I just tried to estimate the cash value of $36M Lotto TX annuity jackpot for 4/29 drawing, tonight.

    Assuming that Texas Lottery and Mega Millions have the same rate of return on their investment of cash jackpot, I could get the estimated cash option value of $21 million. In that case, the cash value ratio of Lotto Texas jackpot would be equal to 58%, while the cash value ratio of MM is 56%.

    That's just my estimate. Good luck!

     

    Ohio's Lot O'Play is paid in 26 equal payments, same as MM, but the cash value is fixed at 50%, making LOP a raw deal for cash option winners.

    NY Rotto is 26 increasing annual payments, using the same formula as California Super Lotto Plus.