Powerball Jackpot Climbs to $205 Million

Comment #17

whodeani — Sun, 09 May 2004 00:40:29 GMT

Quote: O

Comment #16

Todd — Sat, 08 May 2004 03:01:26 GMT

Quote

Comment #15

markp1950 — Sat, 08 May 2004 02:53:26 GMT

Hmmm...In my book 1 million *IS* alot of money...MarkP> I remember the first 1 million dollar jackpot>game I ever played.Back then it seemed like a whole> lot of money,

Comment #14

markp1950 — Sat, 08 May 2004 02:50:42 GMT

This would be one time that it is nice to have a president that protects the rich! :-)Now the estimate is 212 mIll annuity/110.7 mill cash...My guess that that would be $60+ mil after taxes... Cash, wouldn't that be specialMarkPMicrosoft VBScript runtime error '800a01c2' Use Linux!Quote: Originally posted by DoctorEw220 on May 06, 2004 think about what would happen when the cash option AFTER TAXES is over $100 million.thatthat

Comment #13

avore — Fri, 07 May 2004 20:43:33 GMT

I remember the first 1 million dollar jackpot game I ever played.Back then it seemed like a whole lot of money,and it wasn't that long ago. Now it seems that we have to have 100 MILLION PLUS jackpots to get anybody's. Is that how much people feel they need to make their lives better. As far as annuity vs. cash option I'm on the fence. I can only hope to win,but Idon't play to win. remember to play responsibly. Only play what you can afford to lose.GOOD LUCK TO ALL

Comment #12

weshar75 — Fri, 07 May 2004 20:20:02 GMT

Pennsylvania Lottery Website has a Powerball Jackpot increase at 212million dollars today.

Comment #11

weshar75 — Fri, 07 May 2004 16:48:06 GMT

I would like to see a new single ticket record jackpot set on this run anything above 314.9 million will do. Hopefully it will only take 3 rollovers to reach a record higher than the previous one.

Comment #10

keystonechas — Fri, 07 May 2004 07:56:54 GMT

Quote: Originally posted by prob987 on May 06, 2004This would depend on the American currency retaining its value. Given that the United States prints money indiscriminately, and has been a net debtor nation since the mid-1980's, this wouldn't be a particularly good bet. Our current government is spending money like a drunken sailor on a three week bender, and, like the metaphorical sailor, none of this spending, absolutely none of it, represents an investment in the future. People think hype... [ More ]

Comment #9

tsai3904 — Fri, 07 May 2004 05:45:34 GMT

If you were to take the cash option, the only way to reach the amount of the jackpot that you should have won is to invest most of your lump sum and hope for a great annual rate of return. You would have to time the market for this approach.But if you take the annuity, you can invest part of your annual income ($7 million per year) and use the theory of dollar cost averaging, which any investor would bet on rather than timing the market. Another reason why someone would take the annuity is beca... [ More ]

Comment #8

prob987 — Fri, 07 May 2004 01:58:24 GMT

Quote: Originally posted by tsai3904 on May 06, 2004With the jackpot amount this large, would it still be wise to take the cash option? If you choose the annuity option, you would be paid an average of $7 million a year for 29 years ($205 million over 29 years)!I mostly hear arguments for the cash option, but if you were to receive $7 million per year, I might think about the annuity.This would depend on the American currency retaining its value. Given that the United States prints money indisc... [ More ]

Comment #7

CASH Only — Thu, 06 May 2004 22:44:27 GMT

I would take the LUMP SUM no matter what...

Comment #6

mken35 — Thu, 06 May 2004 22:41:58 GMT

Quote: Originally posted by tsai3904 on May 06, 2004With the jackpot amount this large, would it still be wise to take the cash option? If you choose the annuity option, you would be paid an average of $7 million a year for 29 years ($205 million over 29 years)!I mostly hear arguments for the cash option, but if you were to receive $7 million per year, I might think about the annuity.Thank you Thank you... somebody step up to the plate on large jackpots, I know I don't have 205 million just layi... [ More ]

Comment #5

Thomas Covenant — Thu, 06 May 2004 20:32:14 GMT

Take half cash, half in an annuity. That way, you can buy your high price items (mansion, vacation home, cars) and still have an income for WHEN you blow all your cash.

Comment #4

tsai3904 — Thu, 06 May 2004 20:27:29 GMT

With the jackpot amount this large, would it still be wise to take the cash option? If you choose the annuity option, you would be paid an average of $7 million a year for 29 years ($205 million over 29 years)!I mostly hear arguments for the cash option, but if you were to receive $7 million per year, I might think about the annuity.

Comment #3

DoctorEw220 — Thu, 06 May 2004 18:06:53 GMT

think about what would happen when the cash option AFTER TAXES is over $100 million.

Comment #2

Todd — Thu, 06 May 2004 17:54:05 GMT

Yes, good luck to all! I always find it amazing when the cash option is greater than $100 million. That's an unimaginable amount of money to win.

Comment #1

danny40 — Thu, 06 May 2004 16:19:02 GMT

good luck to all

Powerball Jackpot Climbs to $205 Million

Lottery Post — Thu, 06 May 2004 11:53:45 GMT

The excitement is rising along with the jackpot in America's favorite lottery game. No one correctly matched all six numbers in Wednesday's Powerball drawing, pushing the jackpot to an estimated $205 million. That's currently the largest lottery jackpot in the world.The $205 million dollar jackpot would rank as the 6th largest Powerball jackpot ever, and the 9th largest lottery jackpot of all time.The cash option for the Saturday, May 8 drawing will be an estimated $107.3 million.There were no P... [ More ]