|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!