A Challenge to CASH Only from SirMetro

Reply #12

four4me — Thu, 21 Sep 2006 23:29:29 GMT

i have hashed this out with Cashonly and all i can say is your beating a dead horse.

the only valid reason he had and it was posted in a news article is a 90+ yr old unknowingly won a annuity only prize paid out over 20 yrs. he tried to contest the lottery for a cash value claiming he would never live long enough to collect on the total payout.

On this i agree that a person above the age of 80 should be able to get a cash only payout. Or be allowed to pass the remainder of the annuity to a

Reply #11

Raven62 — Thu, 21 Sep 2006 14:15:39 GMT

Lotteries aren't in the Annuity Business, so they go out into the Public Sector and Purchase an Annuity from an Insurrance Company. For example if you Win a $1,000,000 Annuity the Lottery goes to an Insurance Company and for $500,000 they Buy an Annuity that Pays You $50,000 per year for 20 Years. You get Your $1,000,000 from the Insurance Company and the Lottery is out of it.

In the case of Lifetime Annuities the Age of the Winner would be considered when purchasing the Annuity. Two winners... [ More ]

Reply #10

SirMetro — Thu, 21 Sep 2006 13:03:49 GMT

Floridian,

Lifetime annuities do pose an awkward dilemma for the Lotteries. For example, let s say a 20 year old hits the jackpot for a Lifetime annuity payout. Unless there is something within the charter that can place a time based cap on it, the state would be obligated to pay that individual until he/she died. Can you imagine the huge cost to the Lottery if that individual lived to be 100? Most of the Annuities are designed for 20 to 30 years (some even less).

I think the Lotteri... [ More ]

Reply #9

rdc137 — Wed, 20 Sep 2006 03:28:24 GMT

Interesting. I would go on a limb and say that Jeb has a lot to do with it. It's no secret he doesn't like the lottery and probably would shut it down given the chance.

Reply #8

floridian — Wed, 20 Sep 2006 03:21:23 GMT

Sir Metro:

I think most of us believe that the odds to winning at Lottery, Casino gambling and most other forms of chance are in the house's favor. All gambling establishments are not run for the owner's health. They run them to generate big profits or better put huge profits. Sooooo the house does not do anything that could jeopardize that winning edge.

Currently, I can only speak to Florida. It has come to my attention through several news articles, blogs and word of mouth that the... [ More ]

Reply #7

rdc137 — Wed, 20 Sep 2006 02:39:08 GMT

And use global warming as justification...

Reply #6

sirbrad — Wed, 20 Sep 2006 00:58:39 GMT

The only problem is when people try to impose their opinion on others, and tell them what and what not to do. Or what and what not to play. Or that everyone hates annuities etc.

Reply #5

RJOh — Tue, 19 Sep 2006 18:39:17 GMT

sirbrad writes:

The problem is he does not have factual evidence, he only has a personal opinion.

I think that's true about most of the people posting here and you know what they say about opinions , Everybody got one .

When ever I read someone won using a certain software or system or any other post that is what I think because there's never any facts to support the posts. A couple of recent examples:

1. In the jackpot section a member posted it was impossible to hit number 56... [ More ]

Reply #4

sirbrad — Tue, 19 Sep 2006 17:44:22 GMT

The problem is he does not have factual evidence, he only has a personal opinion. He is not too young, I believe it is the opposite. He is over 60 I believe the last time I remember, which would explain his disdain against annuities.

However he is trying to pass off personal bias as fact, and act as though everyone shares the same opinion. To only accept cash prizes is a very close-minded approach, it all depends on the circumstances at the time, and the person's situation. There is nothing... [ More ]

Reply #3

SirMetro — Tue, 19 Sep 2006 15:58:02 GMT

If it is possible, I would like to discourage personal attacks upon any person. That was not the intent of this post.

The intent of this post was to provide CashOnly an oppurtunity to once and for all present factual evidence that supports the position that is presented. I respect the opinions of other people, no matter how much I may agree or disagree with it. I will not hesitate to challenge other people's opinions when I have factual evidence that proves their view wrong. I also take issue... [ More ]

Reply #2

rdc137 — Tue, 19 Sep 2006 15:22:05 GMT

CASH is a troll to this forum. He (SHE?) is also probably not old enough to actually buy a lottey ticket. If he/she is, then what we are dealing with is simply a lack of maturity.

I too agree that the topic will be ducked by CASH. Note my challenge to him on https://www.lotterypost.com/thread/141154.htm. His proof involved details he forgot . He also failed to provide me with a link to PA's game called Unlucky for Life when I questioned him why I didn't find it on their website (I did find a... [ More ]

Reply #1

DoubleDown — Tue, 19 Sep 2006 13:24:51 GMT

The silence from CASH will be deafening......

DD

A Challenge to CASH Only from SirMetro

SirMetro — Tue, 19 Sep 2006 13:13:51 GMT

First, I preface my following comment with the fact that I do not look down upon anyone's job. Whether they dig ditches (which I have done) or work behind a desk (which I currently do), its all work and neither is any easier or harder for the individual.

That said, I am curious as to how a grocery store Clerk (reference https://www.lotterypost.com/thread/141468.htm ) in another state will have any influence upon any Lottery anywhere else in the Country (reference https://www.lotterypost.com... [ More ]