"For Life" Games - Would they offer you a lump sum?

Reply #5

costanza — Wed, 20 Jun 2012 19:10:09 GMT

So enough to last about 30 years taking the weekly payments, not bad.

Reply #4

Ignatius — Tue, 19 Jun 2012 20:39:05 GMT

In Illinois winners of the Cash for Life instant scratch off games have the option of taking a lump sum. The $500/week for life winner can take a lump sum payout of $762,000, $1000/life doubles that, $2500/life = 2.5x that amount, and $5000/life gets 5x that amount.

Also if you want to take the for life option you'll get your payments quarterly, I know of a $500/life winner that gets a $6500 every 4 months.

Reply #3

dallascowboyfan — Sat, 26 May 2012 14:34:20 GMT

Welcome to the LP costanza, sorry I can't answer your question I live in OK and our scratch-off games SUCK

Reply #2

SergeM — Sat, 19 May 2012 17:03:22 GMT

I am getting bored of these lump sum or not threads.

Reply #1

KPaul — Sat, 19 May 2012 14:35:13 GMT

Whether that's offered is going to be based on each individual game and its rules. If you had to have the cash in a lump sum, I'm sure any legitimate win could be converted to a one time payment through any of those places that advertise buying your annuity. Personally, I wouldn't do that. I'm sure they take off quite a percentage to make it lucrative for them. I'd be happy knowing I have a scheduled check coming in on a regular basis. It wouldn't allow for lavish spending, but would be nice for... [ More ]

"For Life" Games - Would they offer you a lump sum?

costanza — Sat, 19 May 2012 14:02:41 GMT

Just sitting here fantasizing about winning one of those Win XXX/Week For Life games and wondering... Would they offer you a lump sum instead of having to send you a check every week for the rest of your life? If so, how much could you get up front