MM annuity equivalent in PB: $93M.

Reply #13

CASH Only — Thu, 29 Dec 2005 20:55:37 GMT

Shame on the woman who chose the 30 annual payments! I'm not wishing her a happy new year

Reply #12

fxsterling — Thu, 29 Dec 2005 15:41:15 GMT

oh so right also look at india and china for new drugs

Reply #11

Prob988 — Thu, 29 Dec 2005 15:33:53 GMT

I would diversify quite a bit with respect to countries. New Zealand, Japan, Australia (huge uranium reserves) Sweden, Norway, France, and Canada would probably top my list. I would also consider certain industries in India. All of these countries will experience pain with the collapse of the US economy, but I expect that a person who is wealthy because of his holdings in these nations will still be wealthy.Many major nations have declined after being the most stable. Early last century Br... [ More ]

Reply #10

ryanm — Thu, 29 Dec 2005 00:55:04 GMT

Where is this financially stable country you'll invest in? If the US cannot be counted on to be stable, nobody can.

Reply #9

Prob988 — Thu, 29 Dec 2005 00:29:56 GMT

This is not generally the case. When Argentina experienced hyperinflation in the 1980's from policies rather like those of our present government, excessive spending for non-productive purposes and to service massive gov't corruption, people who held overseas investments did OK. In fact, they were able to live extremely well in Argentina because they had access to foreign exchange. I note that before the 1980's, Argentina was considered financially unassailable.If I won the lottery I would i... [ More ]

Reply #8

ryanm — Thu, 29 Dec 2005 00:04:47 GMT

If hyperinflation occurs, not even the cash option jackpot will save you, because it's likely the money system will break down and the economy will go back to a barter system (if things keep getting more expensive moneywise, people will demand real output for real output).

Reply #7

Prob988 — Wed, 28 Dec 2005 18:19:48 GMT

Lump sums vary with the structure of the annuity. Lotteries can manipulate the apparent size of the jackpot by manipulating the annuity. Annuities that are back loaded (pay the most money when they are mature) look even bigger than even payout annuities. This is what powerball recently did. Early lotteries had a twenty year payout and there was no cash option. Modern lotteries now typically have a 30 year payout and all sorts of annuity structures.It is always worthwhile in my opinion to onl... [ More ]

Reply #6

justxploring — Wed, 28 Dec 2005 17:30:43 GMT

Hmm. Does this mean that FL has a pretty good payout or they are underestimating the actual ticket sales? I'm mentioning this because I often see cash values as high as 60% of the advertised jackpot to winners for the Lotto and 70% for the FL MegaMoney which has jackpots ranging from $500K to $2M (maximum) From my calculations the average is around 56% for the 6/53 Lotto and 67% for FL MegaMoney which is 4/44 1/22 for the Megaball. I could be missing something, but I've never seen anything s... [ More ]

Reply #5

RJOh — Wed, 28 Dec 2005 16:54:45 GMT

Cash,There's nothing wrong with NY paying 38%-40% of sales as prizes along as they pay the prizes amounts they have posted. If you don't like the prize amounts don't play the game.

Reply #4

CASH Only — Wed, 28 Dec 2005 14:44:53 GMT

You think Pick-6 Lotto is a bad game? NY Lotto pays out only 38%-40% of sales as prizes.

Reply #3

RJOh — Wed, 28 Dec 2005 03:13:59 GMT

Ohio has a new game Lot'O Play which replaced their 6/49 game and its cash value is 50% of its jackpot value, same as SLP was. It's a 5/100 game that is on a bingo style board with supposedly 12 chances to win when actually it's 12 chances to win once which is not the same. It's basically a QP game since only one of the 12 possible combinations can be picked by the player. It's also designed to sound like a better game than it is, but I think once players notice the jackpot seldom is won and t... [ More ]

Reply #2

Prob988 — Tue, 27 Dec 2005 22:02:40 GMT

I suspect that what MM will do is simply to mimic Powerball by adjusting the annuity to make it look bigger. That's too bad in my opinion. Many lotteries have approached their advertising by inflating annuities, including NJ Pick-6. In fact, you cannot even find out what NJ's cash value is - they don't advertise it or even release it. They stopped telling the cash value when they started inflating the annuity.Personally this makes me reluctant to buy NJ Pick-6 tickets. Other people seem to a... [ More ]

Reply #1

RJOh — Tue, 27 Dec 2005 21:25:46 GMT

Maybe MegaMillions should advertise their jackpot same as some discount stores advertise their merchandise with a comparable price. MegaMillions jackpot = $75M Annuity - $45 Cash - Compare to PB $93M jackpot.might not work for PowerBallPowerBall jackpot = $75M Annuity - $37M Cash - Compare to MM $66M jackpot.

MM annuity equivalent in PB: $93M.

Prob988 — Tue, 27 Dec 2005 14:55:12 GMT

The current cash value of the MM jackpot is $44.9M. The advertised annuity jackpot is $77M meaning the cash/annuity ratio is 0.599. The current cash prize in powerball is $14.6M which is advertised as $30M annuity, meaning the cash/annuity ration is 0.489This means that a cash value prize (which represents the true value of a lottery prize) equivalent to the current MM jackpot prize would be represented as a $93M jackpot.The entire annuity business (as well as ever lengthening odds) is mislead... [ More ]