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What would you do with the grand prize tonight?Reply
take the annuity condo, part-time chef, part-time housekeeper and a good travel agent
Nov 7, 2022, 11:40 pm - zephbe - Lottery Discussion Forum

Why isn't there a choice to split the Lump sum and the Annuity?Reply
You can do that now: Buy two tickets with the same numbers and select Annuity on one and Cash on the other. Of course Playing that way will Cost you a few Bucks!
Jul 1, 2022, 10:26 am - Raven62 - Lottery Discussion Forum

$2B Powerball winner spotted in $250,000 vintage Porsche 911Reply
The reasons why many big lottery winners go broke after the win (if they don't take the annuity option) is because they receive the money in a very short window of time, they are financially illiterate and they overspend. Most millionaires earned their fortunes over a long period of many years. Just like pro athletes that have a very short earnings window, so do lottery winners. Couple that with being illiterate financially and the tendency to overspend they go through their money like a hot
Apr 27, 2023, 9:38 am - GiveFive - Lottery Discussion Forum

Joining a lottery club?Reply
I was simply repeating the advertised value. It is the same value as reported in all the ads and the list of worldwide lotteries provided on this site by Todd. It makes it easier to use a consistent reporting value. That does not imply or infer I was advocating taking the annuity. gary, you have demonstrated over and over by all your posts you have a complete misunderstanding how lotteries work in general and specifically how probabilities work. You are well past your best before date .
Mar 31, 2023, 9:27 pm - winoneday - Lottery Discussion Forum

The ever increasingly inflated jackpot prizes for MM and PBReply
I doubt you have any real evidence showing MUSL decided to advertise the annuitized jackpot to fool gullible players When virtually everybody takes the cash can you think of any reason for advertising the annuity value other than being able to advertise a larger amount of money? Can you think of any reason to advertise an artificially inflated amount unless they're hoping players will think that's how much they can actually collect right away? There are also at least a few states that e
Mar 3, 2023, 1:01 am - KY Floyd - Lottery Discussion Forum

State taxes - my experienceReply
It may depend on the state. But my understanding is the trust only has to be created before its claimed not before the numbers are drawn. I haven't looked at every state but personally I think the best state to win in would be Texas. It allows claims to be both and anonymous and through a trust. It has no state taxes due. And because you have to choose lump sum or annuity when you purchase the ticket, it isn't included as income until actual receipt. There may be other states that also prov
Jan 19, 2023, 8:04 am - SoCola - Lottery Discussion Forum

Why isn't there a choice to split the Lump sum and the Annuity?Reply
Just in case anyone missed it: VIDEO: How are lottery jackpots calculated? Describes how jackpot money is invested to create the annuity.
Jul 1, 2022, 9:43 am - Todd - Lottery Discussion Forum

The Idiot TaxReply
Latest cash option: Pennsylvania: 3.07% state tax- $1,115,433 - $16,188,110 Your average net per year: $21,848,441 Your net payout: $316,084,765 After 30 payments: $655,453,230 Annuity Payment Schedule
Apr 2, 2024, 10:40 am - NeuralNetLottoB - Lottery Discussion Forum

Powerball Powerplay 10XReply
The 10X multiplier is only in play when the advertised jackpot annuity is $150 million or less . There are a total of 43 Balls (when the 10X multiplier is available) but the majority of them are 2X. There are couple of 3X's, 4X's and 5X's and one 10X when the jackpot is 150 million or less. Right now, 10X is unavailable. Also the second place prize with The PowerPlay option is a set prize of two million, it makes no difference what the actual PowerPlay number is if you match the 5 white bal
Nov 2, 2023, 8:47 am - GiveFive - Lottery Discussion Forum

Did Michigan just lower their cash payouts?
Michigan, which was recently listed as one of the bottom states for payout percentages, seems to have lowered their cash payouts on the annuitys. Awhile ago they paid $654,266 cash on a million annuity. Then it went down to $634,517. It was upped a year or two ago to $693542 but according to this posting- https://milotteryconnect.com/2023/07/31/traverse-city-woman-wins-1-million-playing-michigan-lotterys-diamond-wild-time-instant-game/ -it appears that it has been set back to $634,517..
Aug 1, 2023, 3:00 pm - Think - Lottery Discussion Forum