Is the Annuity payout safe?

Reply #5

JustMaybe — Tue, 26 May 2026 01:46:14 GMT

For the most part I think the annuity is a safe option.

More so with the Multi State Games.

The safety of the annuity may be argued in terms of the payout duration. Are we certain of living for the next 29 years to collect all the payments? No one knows for certain.

Will the tax environment change so much and affect the future payments negatively? Who knows.

Is there a possibility of any country ending up like Ukraine? If yes, would I want the government to be holding my money or... [ More ]

Reply #4

Lotto Motto — Sat, 23 May 2026 21:17:41 GMT

I also was thinking about the recent Publisher's Clearinghouse annuity fiasco when they went bankrupt and left annuity winners out in the cold and one annuity winner in particular was left financially ruined as he quit his job roughly 10 years ago when he won the PCH Annuity for Life as he was supposed to be getting millions of dollars from PCH until his death and then the payments suddenly stopped permanently when the PCH filed for bankruptcy. He said that he was having a hard time finding a jo... [ More ]

Reply #3

Brock Lee — Wed, 20 May 2026 18:40:47 GMT

this actually happened in illinois a decade ago. https://www.illinoispolicy.org/illinois-comptroller-the-state-will-stop-payments-to-lottery-winners-if-budget-stalemate-drags-on/

but they eventually resumed paying people. in illinois's case, it was a budget problem. in texas's case, you got a lot of cranks in the texas state legislature who want the lottery shut down all because some out of state bulk buying group won a jackpot. in any case the state will still have to pay out prizes they s... [ More ]

Reply #2

Tucker Black — Wed, 20 May 2026 13:51:12 GMT

Unlike Publisher's Clearinghouse, when you win a large amount of money and take the annuity, the lottery really does have all the money needed to fund the annuity right now. They buy the annuity for you and then you collect from whoever sold the annuity to the state (probably government bonds). You are not depending on the state to raise the money needed to pay you every year.

Reply #1

grwurston — Wed, 20 May 2026 02:39:27 GMT

Your payments are still legally guaranteed by the state gov't.

Is the Annuity payout safe?

justAndy1970 — Wed, 20 May 2026 02:18:37 GMT

What happens to your annuity payments if your state lottery closes