Mega Millions' annuity jackpot now larger than Powerball's...

Reply #4

markp1950 — Sun, 20 Oct 2013 14:23:23 GMT

Sorry the government is closed and bankrupt. You don't get the rest of your money........

Reply #3

noise-gate — Sun, 20 Oct 2013 03:52:31 GMT

Show me the

Reply #2

billionaire2bee — Sat, 19 Oct 2013 23:58:47 GMT

It would be nice to get that money every year...you know guaranteed check in all, but how could you resist ot taking all of it at once...I dont know that I could trust that I'd get the 5% every year

Reply #1

Pita Maha — Sat, 19 Oct 2013 18:10:41 GMT

Very interesting. Thanks. However, I'd still take the lump sum.

Mega Millions' annuity jackpot now larger than Powerball's...

ryanm — Sat, 19 Oct 2013 14:56:59 GMT

...given any cash jackpot level. This is because, like Powerball, Mega Millions now pays its advertised jackpot in 30 graduated installments (over 29 years). HOWEVER, Powerball's payments increase by only 4% each year, while Mega Millions' now increase by 5% each year (Source: http://www.megamillions.com/how-to-play ), meaning Mega Millions can fund its annuity jackpot with less cash than Powerball can. It's no wonder Mega Millions can justify an opening jackpot of $15 million (when its opening... [ More ]