MegaMillions Annuity Payout Schedule

Reply #7

danisiri — Thu, 23 Jun 2005 06:20:36 GMT

So then the answer to my question is that the ratio of lump sum to JP is that there is no set ratio, it all depends on the current interest rate of T-notes. The USA Mega site is okay, though it does not exactly answer my questions in the detail that I am looking for, but...Thank you for the link to the Ohio website - that really gives me what I was looking for on the ratio of lump sum to JP.Thank you also for affirmation on the equal installments for the annuity.As I am sure most of the Lottery

Reply #6

ryanm — Thu, 23 Jun 2005 04:33:10 GMT

Apparently, Mega Millions still pays annuities in equal installments (although the first payment may be slightly larger due to them having to purchase securities by the $1000's). When Powerball changes their matrix, they will pay annuities in graduated installments though.

Reply #5

Todd — Thu, 23 Jun 2005 03:34:13 GMT

danisiri,Check out the FAQ page at www.usamega.com. It has most or all of the answers to your questions. Also, be sure to check out the Jackpot Analysis page there, which shows state-by-state breakdown of your prize after taxes.

Reply #4

dvdiva — Thu, 23 Jun 2005 03:12:08 GMT

Best site for breaking down the prize is www.usamega.com .Too bad they haven't started the Euromillions sales again though.

Reply #3

JimmySand9 — Thu, 23 Jun 2005 00:54:39 GMT

You can get the exact Cash Value on ohiolottery.com

Reply #2

DoctorEw220 — Wed, 22 Jun 2005 23:20:36 GMT

the lump sum is the actual amount of money the lotteries have to pay out the jackpot. the annuity is the lump sum invested in securities that mature in 26 years (in this case). they have it figured out so each payment is equal and that the total of the payments equals the jackpot won.

Reply #1

danisiri — Wed, 22 Jun 2005 20:47:58 GMT

Also, how is the lump sum percentage determined? The best answer I could find was that it depends on the amount of money needed to be invested in zero-coupon US Treasury securities to equal the announced jackpot amount once the securities mature. How does the USA Mega site do its jackpot analysis to provide an estimate for the MM lump sum

MegaMillions Annuity Payout Schedule

danisiri — Wed, 22 Jun 2005 20:43:41 GMT

Does anyone know the annuity payout schedule for MegaMillions? For example, if the JP is $26 million, does the annuity pay $1 million gross for 26 years, or is it a graduated scale (e.g., 2.5% of the JP the first year and increasing to 5.1% in the 26th year)? The USA Mega site seems to indicate that MegaMillions pays the same amount for 26 years. CA SuperLotto Plus pays the annuity on the graduated scale.I am a lump sum player myself, but I am just curious about this.