Half.

Reply #10

LottoFan — Tue, 20 Jul 2004 20:22:05 GMT

I've been wondering about this 30 year pay-out schedule. If the PB jackpot is $27 mil, how can the lump sum payout be $14.5 mil? Meaning: If you safely invest your money, and the rule of 9 or 10 is that your money doubles every 9 or 10 years, why is the PB lump sum payout so high? Wouldn't $14.5 mil become $29 mil after 10years? And then $29 mil would become $58 mil after 20 years....and wouldn't $58 mil would become $116 mil after 30 years? One would think that the lump sum payout for... [ More ]

Reply #9

hypersoniq — Sun, 18 Jul 2004 19:36:36 GMT

using PB as an example...Announced jackpot for wednesday...$27,000,000 (estimated and based on a 30 year annuity)Cash (lump sum) value...$14,500,000 (estimated, based on current jackpot amount + projected sales)now, the fun begins...After federal taxes (35%)...$9,425,000now, depending on your state and local tax policies, you may have to pay state and local taxes alsofor my particular situation, PA allows lottery winnings of PA residents to be exempt of state AND local taxes, so If I win on wedn... [ More ]

Reply #8

MetroPlex — Sat, 17 Jul 2004 16:52:14 GMT

So if I win $2 Million t

Reply #7

Todd — Fri, 16 Jul 2004 21:29:53 GMT

tg636: I stand by what I said. The government gets enough. I am for tax cuts for everyone, and no taxes on the lottery.I disagree with those who try to demonize the war in Iraq.

Reply #6

tg636 — Fri, 16 Jul 2004 21:16:53 GMT

Quote: Originally posted by Todd on July 16, 2004MP: Check out the BigGameLottery.com FAQ, which talks about why it is half . (It's not really half, it's the whole thing.)tony: I would rather 100% go to the prize pool, rather than social services. The government gets enough of my money. They should tighten the belt and learn to be more efficient rather than digging deeper into everyone's pocket.In a sane society that's how it would work. But as http://www.costofwar.com/ shows, this is not a... [ More ]

Reply #5

Kristin — Fri, 16 Jul 2004 20:11:16 GMT

I agree, too. If someone should make a pention on lottery, it should be No Taxes . Any state lottery should not be taxed, as the Goverment or lottery officials make enough money, and make more than enough on the losing lottery tickets than winning. Winning the lottery is not something someone works for, they may work for that dollar to buy a ticket, however, they did not work for that $290 million they had won. They just want to tax the heck out of everything, so the goverment and lottery offic... [ More ]

Reply #4

NBey6 — Fri, 16 Jul 2004 19:57:09 GMT

Quote: O

Reply #3

Todd — Fri, 16 Jul 2004 19:54:56 GMT

MP: Check out the BigGameLottery.com FAQ, which talks about why it is half . (It's not really half, it's the whole thing.)tony: I would rather 100% go to the prize pool, rather than social services. The government gets enough of my money. They should tighten the belt and learn to be more efficient rather than digging deeper into everyone's pocket.

Reply #2

MetroPlex — Fri, 16 Jul 2004 18:39:25 GMT

Quote: Originally posted by tony2222 on July 16, 2004 Thats a good thing I dont mind some money going to the government to pay for social services.There is some and then there is half. If you look at how governments spend money, I'd rather give the money or help people who needs it. I mean anything is better than nothing.MP

Reply #1

tony2222 — Fri, 16 Jul 2004 17:18:12 GMT

Thats a good thing I dont mind some money going to the government to pay for social services.

Half.

MetroPlex — Fri, 16 Jul 2004 15:30:23 GMT

Why is it you only get half of what you win...like ets say you win $200 Million...you will only see half that...if you take the lump sum.Do you agree with this?MP