winnings lump sum payout Percentage?

Reply #5

MegaWinner — Sat, 31 Mar 2007 01:40:13 GMT

Yup, thats what I do. I always subtract 35% of the cash value so I can get a true estimate of what I would take home.

Reply #4

justxploring — Fri, 30 Mar 2007 21:50:28 GMT

The other posts refer to MM and PB, but you didn't specify so I'll mention Florida's games. Lotto is based on the total amount collected, since FL is a parimutuel state, but the average lump sum payout is 55%. I follow the press releases very carefully. The annuity is for 30 years. I've seen the cash payout as high as 60% of the estimated jackpot advertised. MegaMoney is different. The largest jackpot is $2 million, and because it's only a 20 year annuity, the lump sum payout averages 65%, al... [ More ]

Reply #3

johnph77 — Fri, 30 Mar 2007 21:37:04 GMT

Trying one.....

MegaMillions:

Jackpot payout percentage is 1% for every $1,757,115.36 awarded.

Each $1,000,000 is 0.569114% payout percentage.

PowerBall:

Jackpot payout percentage is 1% for every $1,461,079.62 awarded.

Each $1,000,000 is 0.684425% payout percentage.

gl

j

Reply #2

amsoly41 — Fri, 30 Mar 2007 16:43:25 GMT

If you look over to the left on this website you will see a

U S A MEGA box click on that link and it will take you to the usa mega website

on that website there are some links on the left hand side.

under Power ball or Mega Millions there are some links click on the Jackpot Analysis link

I think that may be what you are looking for.

hope this helps.

Reply #1

KY Floyd — Wed, 28 Mar 2007 06:13:46 GMT

The cash value is based on ticket sales, and the annuity is based on how much can be earned by investing the proceeds of ticket sales. How much can be earned depends on interest rates and how long the money is invested. NY lotto and Powerball both start with small payments that get a bit bigger over 25 and 29 years. Mega Millions has equal payments every year for 26 years. I don't know about other states. As of now the cash value for PB is typically about 47% of the advertised annuity value... [ More ]

winnings lump sum payout Percentage?

Lawrence Connor — Wed, 28 Mar 2007 05:18:32 GMT

Hi,

I know this gets talked about often,

and has been answered many times,

and I know the rough idea myself,

as have seen info about it before,

but I'd like to look over again what

the basic payout of lump sum would

be (percentage, etc.) for a jackpot prize

of a big lottery win would be, factoring

in at least the few main deducted taxes

to be expected, and so on. it generally

works out to be such and so (ballpark % after taxes)

of a percentag... [ More ]