Powerball lottery jackpot climbs to $167 million

Comment #20

Chewie — Sat, 01 Oct 2005 16:16:47 GMT

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.

Comment #19

CASH Only — Fri, 30 Sep 2005 19:52:34 GMT

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.

Comment #18

dvdiva — Fri, 30 Sep 2005 06:54:19 GMT

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

Comment #17

fiona$ — Fri, 30 Sep 2005 06:29:04 GMT

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

Comment #16

mt7895 — Fri, 30 Sep 2005 04:30:02 GMT

Comment #15

libra926 — Fri, 30 Sep 2005 00:47:56 GMT

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 re... [ More ]

Comment #14

libra926 — Fri, 30 Sep 2005 00:35:22 GMT

Thanks Green Dragon for doing my Homework for me.....I hate Math...you make it so much easier......(BTW) Chewie....your Blog(above) is cute and funny...

Comment #13

CASH Only — Thu, 29 Sep 2005 22:35:40 GMT

Here in the Northeast there's a canine flu going around. So I guess it's possible.

Comment #12

Chewie — Thu, 29 Sep 2005 22:25:54 GMT

Are you the same guy who caught the rabies from MadDog on another thread? Obviously you're the only individual in the world who can't improve on the government investment concept. By the way, the governemt looses money on everything they touch. Buy you books and buy you bnooks and you chew on the covers.

Comment #11

CASH Only — Thu, 29 Sep 2005 22:22:08 GMT

I don't see a ring to it. It worked for Virginia tourism many years ago however.

Comment #10

JAG331 — Thu, 29 Sep 2005 19:13:34 GMT

Annuities are for Lovers Sounds like a bad tourism campaign slogan in the making to me

Comment #9

GuessWhat! — Thu, 29 Sep 2005 18:56:01 GMT

Orange Savings @ 3.3% APY .....You must be nuts....did you think you would get 33% APY

Comment #8

JimmySand9 — Thu, 29 Sep 2005 18:45:12 GMT

Well I don't know about T-Bills, but there are a lot of high yield savings accounts out there. You put the cash in an Orange Savings deal for 30 years, and you end up with $171 million plus.

Comment #7

GuessWhat! — Thu, 29 Sep 2005 17:54:17 GMT

The ANNUITY is ALWAYS the BEST deal !!!!!! You show me HOW YOU get to invest the Lump Sum, in full, TAX FREE in T-Bills for a better than 200% return GUARANTEED (100% cash buy-in and 100+% dividends over 29 yrs less 25% fed) and I'll take the cash. Otherwise, the only thing guaranteed is you WILL get HIT 25% off the top of your precious lump sum.Are YOU smart enough to take the Annuity ?Annuities are for Lovers...LUMPs are for LOSERS

Comment #6

Littlemanjen — Thu, 29 Sep 2005 16:44:51 GMT

Why is powerball not rising as fast...just seems that the jumps used to be bigger, maybe my imagination

Comment #5

Dream — Thu, 29 Sep 2005 14:36:24 GMT

New POWEBALL payout info based on a $30M jackpot.Payment No.Graduated Payments (Rounded)% of Total Annuity Prize 1 $535,0001.78300991336613% 2 $556,0001.85433030990078% 3 $578,0001.92850352229681% 4 $601,0002.00564366318868% 5 $626,0002.08586940971623% 6 $651,0002.16930418610488% 7 $677,0002.25607635354907% 8 $704,0002.34631940769104% 9 $732,0002.44017218399868%10 $761,0002.53777907135862%11 $792,0002.63929023421297%12 $823,0002.74486184358149%13 $856,0002.8546... [ More ]

Comment #4

mt7895 — Thu, 29 Sep 2005 14:15:01 GMT

Actually, I didn't make any calculations. All I did was cut and paste the information off the website atView: USA Mega Powerball and Mega Millions Results and NewsBut thanks for the info.... by the way, is there a site where it shows the annuity payout for each year? Just curious as to exactly how much the new PB annuity increases each year.

Comment #3

CASH Only — Thu, 29 Sep 2005 13:58:34 GMT

mt:The new PB annuity INCREASES each year. You probably did not figure that in your calculation. The lump sum is now more attractive than ever.

Comment #2

mt7895 — Thu, 29 Sep 2005 13:56:18 GMT

New Mexico: 6% State Tax- $334,000 - $4,986,000Your net per year: $3,841,000 Your net payout: $57,339,000After 30 payments: $115,230,000Hmm, although I would definitely choose lump sum, ...$3,841,000 net per year is not that bad. I think I can live on that. man plans, GOD Laughs

Comment #1

CASH Only — Thu, 29 Sep 2005 13:42:55 GMT

I expected a bigger jump. If a single winner makes the wrong choice, they will win the largest annuity in US lottery history.

Powerball lottery jackpot climbs to $167 million

Lottery Post — Thu, 29 Sep 2005 13:30:00 GMT

The jackpot in America's Game has reached its highest level in four months.Even though the Powerball lottery jackpot was not awarded Wednesday evening, 773,100 players across the nation won a total of more than $6.8 million in prizes.Because no one correctly matched all six numbers in Wednesday's drawing the jackpot will grow to an estimated $167 million.The cash option for the Saturday, October 1st drawing will be an estimated $83.1 million.The numbers drawn Wednesday night were 7, 22, 27, 48... [ More ]