Powerball Cash Option

Reply #13

CASH Only — Wed, 21 Sep 2005 15:27:15 GMT

...all lottery games should pay CASH Only... I'll gladly take all the money from all lottery games, except the annuity-only ones

Reply #12

ryanm — Wed, 21 Sep 2005 03:19:03 GMT

which is why I keep saying all lottery games should pay cash only, no annuity bulls**t

Reply #11

Bradly_60 — Wed, 21 Sep 2005 00:53:56 GMT

The value of the cash option has not changed!!!! They just changed the way the annuity number is derived. The same percentage of sales goes to the cash option. The way they changed the annuity lets the cash option become more over the 29 years. That's what accounts for the difference. They aren't giving any less money to the players. Just inflating the annuitized jackpot.Brad

Reply #10

dvdiva — Wed, 21 Sep 2005 00:51:07 GMT

I think it just delays when I buy Powerball tickets. It's too bad people haven't noticed this scam of giving less than half as a cash alternative.

Reply #9

RJOh — Tue, 20 Sep 2005 17:27:16 GMT

Lottery commissions don't care about players who boycott their games as long as there are enough players interested in them to make them successful. I seldom play any of the scratch-off games and yet new scratch-off games come out every week. Some scratch-off games would not be attractive to enough players without the annuities.

Reply #8

CASH Only — Mon, 19 Sep 2005 15:30:00 GMT

del:Obviously. And games that DON'T have a cash option should be boycotted.

Reply #7

delS — Mon, 19 Sep 2005 15:28:15 GMT

Cash- Thanks. I mean any game that has the option of cash or annuity, all players should just check CASH

Reply #6

CASH Only — Mon, 19 Sep 2005 15:25:06 GMT

del:I don't know for sure about Maryland, but some games (certain scratch tickets, as well as MA Megabucks) are still annuity-only. Neither OR Lose for Life nor PA Unlucky for Life have a cash option.

Reply #5

delS — Mon, 19 Sep 2005 15:22:14 GMT

Lowering the cash option is not the thing for the officials to have done. With that said, all players from here on should take the cash option in all games. Then use the money wisely. As Michael Malone stated One of the best ways to win any game is to write the rules. If you take the Cash Option, you will write the rules yourself.

Reply #4

CASH Only — Sun, 18 Sep 2005 18:06:45 GMT

weshar:I seem to remember annuity values more than double the (theoretical) cash value when players didn't have a choice. Interest rates were much higher then.

Reply #3

weshar75 — Sun, 18 Sep 2005 18:03:34 GMT

I share the cost of the tickets with my parents so when we win the powerball we are going to take the cash option. I just thought it was interesting that the cash is lower than half the annuity jackpot.

Reply #2

DoctorEw220 — Sun, 18 Sep 2005 17:56:36 GMT

remember that they restructured the annuity payments now.

Reply #1

CASH Only — Sun, 18 Sep 2005 17:56:10 GMT

weshar:Don't tell me you think the PB annuity is better. Why would ANYONE prefer a 30-year annuity with payments increasing each year, over lump sum

Powerball Cash Option

weshar75 — Sun, 18 Sep 2005 17:54:05 GMT

I noticed that the cash option for powerball is less then half the annuity now. For a 108 million it is 53.1 million cash. I guess that is how the cookie crumbles