PB annuity

Reply #17

ryanm — Tue, 13 Sep 2005 21:34:11 GMT

Geez, Cashonly, over how many years did those games pay their annuities!!? 40!!? I agree with dvdiva though, all jackpot games should be cash only. Annuities are bulls**t - it should be up to the players to manage their own annuities, since most players select the cash option anyway.

Reply #16

CASH Only — Tue, 13 Sep 2005 21:01:09 GMT

diva:Ohio used to pay cash winners only 44% of the Super Lotto Plus annuity (it's now 50% in the soon-to-be-ending game.) Colorado Lotto cash winners originally got only 40%.

Reply #15

dvdiva — Mon, 29 Aug 2005 05:11:06 GMT

Makes Euromillions look better every day. I think if the prize were below 50% cash it would be a fraud to advertise any annuity jackpot.

Reply #14

Rip Snorter — Sun, 28 Aug 2005 20:19:45 GMT

I'd say you're predicting the inevitable. Jack

Reply #13

bks2 — Sun, 28 Aug 2005 20:14:50 GMT

The cash amount is going to be alot less since the advertised jackpot is with 30 years of growing payments. Pretty soon they will go with a 50 year annuity, so they can advertise 100 million jackpots on a 20 million jackpot.

Reply #12

ryanm — Sun, 28 Aug 2005 03:17:25 GMT

Yes, and with them changing their annuity payouts, that means more cash in the match 5+0 bonus pool when they get record jackpots

Reply #11

Just6ntlc — Sat, 27 Aug 2005 22:54:32 GMT

I agree what you said CASH Only about PB payments increase each year just like CA SLP. If I won a big jackpot, I would likely take the one time lump sum because Uncle Sam would take money away only once. If I took payments, Uncle Sam would take away money each year, but I get a gradual increase. Lets hope PB has lots of winners, but no jackpot winner, and one PB ticket breaks the North American jackpot record of 363+ million because PB is going to have restrictions of 25 million at a time when i... [ More ]

Reply #10

dvdiva — Mon, 22 Aug 2005 07:43:13 GMT

I'm still waiting for an answer on the cash amount.

Reply #9

weshar75 — Sun, 21 Aug 2005 23:33:02 GMT

I am curious about how the new annuity payments will be paid over the 30 annual payments

Reply #8

Rip Snorter — Thu, 18 Aug 2005 20:48:58 GMT

We can probably speed the day when they're a thing of the past, you and I, by speaking out as frequently as the opportunity allows about precisely what annuities are..... that they're merely an abdication of control of the exact amount of the jackpot for lottery authorities to invest for 30 years at the poorest interest rate they can find. Until that fact is generally understood by winners people will continue to encourage them to push the annuities, to present the future lousy interest earned o... [ More ]

Reply #7

ryanm — Thu, 18 Aug 2005 19:44:55 GMT

Two Powerball winners took the annuity this year, but one only did by default because he waited too long to claim his prize. Also, there probably wouldn't have been any annuity takers if Powerball didn't get hit so many times this year.

Reply #6

dvdiva — Thu, 18 Aug 2005 04:19:04 GMT

I'm surprised you of all people would worry about the annuity payouts. I'm just wondering if the cash prize amount changed. I think it used to be 51.5% or close to that.

Reply #5

CASH Only — Wed, 17 Aug 2005 20:45:07 GMT

Does anyone know the new annuity schedule? I heard the payments would increase 4% per year.

Reply #4

CASH Only — Wed, 20 Jul 2005 22:08:12 GMT

brad:Tell that to the Mass NY lotteries, which have annuity-only scratch games (MA Mega$uck$ as well).

Reply #3

Bradly_60 — Wed, 20 Jul 2005 21:57:39 GMT

I think they are just trying to find a way to advertise higher jackpots. You know that many many people every year are taking the cash option. What is it like down to 3 or 4 that took the annuity last year. They know that people don't take the annuity so why not make it easier to raise the jackpots faster. I think the age of annuities are over. I think all lottery games should be cash only. Annuities are something of the past.Brad

Reply #2

CASH Only — Wed, 20 Jul 2005 21:42:41 GMT

CT Gov Jodi Rell doesn't like the PB annuity. She should remember PB has a cash option.

Reply #1

LOTTOMIKE — Sat, 25 Jun 2005 02:19:07 GMT

thats something i didn't know that,thanks.

PB annuity

CASH Only — Thu, 23 Jun 2005 22:50:06 GMT

Another poster says PB will change its annuity so that if somebody makes the wrong choice, their payments will increase each year (eg CA Super Lotto Plus).This would expain why PB will start at $15 million with guaranteed $5m jumps.