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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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Seoul
Korea, South
Member #21859
September 16, 2005
346 Posts
Offline
 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
Offline
 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.

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