WARNING: NY King Kong scratch

Reply #14

CASH Only — Sun, 11 Dec 2005 20:47:35 GMT

In NY all the $1s and $2s are good except for $2 Lose for Life. You really start to have problems with the $5s. Forget about the $10s.

Reply #13

bellyache — Mon, 05 Dec 2005 00:54:49 GMT

Usually the for life games (which are annuity-only) are about 10 bucks so I don't play those. I usually play the $1 or $2 scratch-offs which pay all in cash. So I guess I do play all cash games.

Reply #12

CASH Only — Sun, 04 Dec 2005 18:38:35 GMT

belly:You need to find out if the scratches (including lifetime games) are annuity-only, and, if so, NEVER play them. (OR Lose for Life is also forbidden.) It's not enough to play them less often. BOYCOTT.

Reply #11

bellyache — Sun, 04 Dec 2005 18:35:03 GMT

The only games I play are Powerball, Wild Card 2 and Pick 3 and every once in a while I'll pick up a scratch-off. I think some of the scratch-offs are annuity only, but I don't play them that often. SO I guess I am on the side of Cash.

Reply #10

CASH Only — Sun, 04 Dec 2005 18:19:27 GMT

Since we both prefer cash you should also be boycotting annuity-only games.

Reply #9

bellyache — Sun, 04 Dec 2005 18:14:57 GMT

If Powerball was still annuity only I would probably still play. I just prefer to have my winnings in Cash.

Reply #8

CASH Only — Sun, 04 Dec 2005 18:09:57 GMT

You should be criticizing the fact it's annuity-only. What would you do if Powerball still didn't have a cash option

Reply #7

bellyache — Sat, 03 Dec 2005 23:04:16 GMT

$320,000 a year for 25 years isn't too shabby. I'd take it. It's more then I make in a year.

Reply #6

CASH Only — Sat, 03 Dec 2005 21:42:09 GMT

Unfortunately AFAIK it's still legal for lotteries to force certain winners to receive annuity payments in lieu of cash. The bill signed in 1998 by President Clinton (the 60-day rule) did not go far enough. It should have required ALL lotteries to give ALL winners the option of taking a lump sum if the prize is advertised as an annuity.

Reply #5

Raven62 — Sat, 03 Dec 2005 15:31:55 GMT

You should report the corruption.

Reply #4

CASH Only — Sat, 03 Dec 2005 15:06:33 GMT

I visit Connecticut at least once a week. Their lottery is not corrupt like NY's.

Reply #3

Raven62 — Sat, 03 Dec 2005 15:02:01 GMT

Move to a place where the Lottery is more to your liking.

Reply #2

CASH Only — Sat, 03 Dec 2005 14:41:56 GMT

Of course I won't be winning it. I'm not playing it. You'd think it would be better to buy a $10 scratch ticket than 10 singles, but in NY that's clearly not the case.

Reply #1

JimmySand9 — Sat, 03 Dec 2005 02:56:20 GMT

$320K? That's good money, especially when I'll be getting the same amount next year. Just put $100K per year from that into CD's and bonds, and I'll be set even past the 25 years. That's a good prize annuity or not. But then again, the odds are pretty high so what's the point of complaining. You won't be winning it.

WARNING: NY King Kong scratch

CASH Only — Fri, 02 Dec 2005 20:48:44 GMT

Top prize paid in TWENTY-FIVE yearly installments (320k per.) If you MUST buy a King Kong ticket, play King Kong Millions, which is at $55 million with a cash option and will be drawn 12/5.