powerball cash value

Reply #5

Just6ntlc — Sat, 01 Apr 2006 16:54:53 GMT

spy, I hope PB continues to roll and reaches the cap. Also, PB's cash value is less because of backload payments. People are most interested when it reaches the cap.

Reply #4

spy153 — Wed, 29 Mar 2006 14:58:02 GMT

I don't really know what I'm complaining about....

actually, I would be happy with any cash value they want to give me (in millions, of course)

And it's not like I am going to win anytime soon anyway.

Reply #3

dvdiva — Wed, 29 Mar 2006 06:07:11 GMT

Most people aren't smart enough to know the difference and the morons in the press just continue the problem. Reporting on the actual post-tax cash amount would take some effort on the part of the press. I find it odd that only the US has this problem. Canadian and European games all have cash prizes already and in both Canada and Europe it's tax free for now.

Reply #2

Uff Da! — Wed, 29 Mar 2006 05:37:36 GMT

The jackpots for MM and PB are not comparable. MM is a traditional fixed annuity for 26 years, with all payments equal. PB, by contrast, is a graduated annuity, with lower payments in the early years and larger payments in later years. The amount of increase in payment each year is 4%, which is a fairly good estimate for average long-range inflation. So, though the payments aren't equal, they should be approximately equal in buying power. In addition, the PB annuity is for 30 years, not... [ More ]

Reply #1

ryanm — Wed, 29 Mar 2006 04:53:04 GMT

I have an idea - just ignore the annuity values. Mega Millions simply sells more tickets per draw than Powerball, enough to get the same cash jackpot in seven rolls it takes Powerball nine rolls to attain. It's not the MUSL's fault that the Mega Millions population outnumbers the Powerball population by 60 million.

powerball cash value

spy153 — Wed, 29 Mar 2006 02:35:52 GMT

what the....?????? are they trying to pull? MM's cash value is almost as high as powerball's.

bad lottery people, bad lottery.