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What would be the cash value of a $400,000,000 Jackpot?Reply
Weshar gave you fairy accurate answers for right now, but the cash value will vary as interest rates change, so the answers that are right this week may be wrong in a couple of months. Any change in the payment schedule will result in big changes in the cash value for a given annuity value. Dividing the cash value by the annuity value of the current jackpot will give you the percentage that the cash represents at that time. With the roll, MM now has a cash value of $158.6 million for an a
Feb 28, 2007, 3:25 am - KY Floyd - Lottery Discussion Forum

Compromising on cash/annuity
How the US has paid lottery winners (compared to other countries, including Canada) over the years has of course generated much controversy, and discussion. In 1998, President Clinton signed a bill that, for lottery players, saw (for the most part) the end of having, in advance, to choose either lump sum or annuity payments if they win the lottery (as it turned out, the new rules had no effect here in NY-ironically, now the Clintons' home.) Unfortunately, the bill did not go far enough; numer
Jan 12, 2007, 1:07 pm - CASH Only - Lottery Discussion Forum

mega million ANNUITYReply
to someone who makes let's say $45,000 a year, a annuity of a million or so every year sounds incredible. certainly if handled right it is all the money a person could ever need. you would have enough left over for your favorite charity (friends , relatives , charities and mr. happy). but that is not the point. it is a not a matter of greed, it is a matter of good economics. just three points alone do not make sense for an annuity. (1) you could be 18 years old and think that you have 26 years
Jul 4, 2002, 10:06 pm - visiondude - Lottery Discussion Forum

taxes on lottery winnings :(Reply
You've filed a tax return in the past and either owed a bit or got a refund, right? Just like it is with an employer, the 25% is only what the state withholds from the payment and sends to the IRS. Withholding 25% is a simple cookie cutter approach designed for much more average incomes. As Uff Da notes, you can reduce your tax obligation (and how much you put in your pocket) by making charitable contributions, but as a practical matter anyone who wins several million will be in the 35% bracket
Feb 6, 2012, 12:47 am - KY Floyd - Lottery Discussion Forum

Annuity vs. Cash Analysis
I have done an analysis of the annuity vs. cash on a spreadsheet. I wanted to see, when factoring in taxes and interest, how much you would wind up with over the same time frame. I used Powerball as the test thanks to their helpful email about how the graduated annuity is calculated (via a spreadsheet). With Wednesday's Powerball jackpot, the annuity is $93 million and the cash option is $44 million. Over a time period between 2006 and 2035, if you never spent a penney of your winnings, you w
Oct 29, 2006, 11:49 am - rdc137 - Lottery Discussion Forum

Cash Vs Annuity PaymentsReply
You are not necessarily getting more money by taking the annuity option. For example, the current Powerball cash value (43.3M) is 61 percent of the advertised annuitized jackpot (70M). After taxes, the net cash value a potential Saturday winner could take home is $28,145,000 (I used 35 percent tax rate as some may pay both federal and state taxes). Now presuming the winner is an astute person who knows how to conservatively invest his/her winnings, let's assume the person invests and achieves a
Feb 24, 2012, 1:11 pm - OldSchoolPa - Lottery Discussion Forum

CALottery changing up SLP?Reply
Great find, James78! Thanks for being on top of it. Here is the text of the memo, the bold has been added by me: ISSUE The California State Lottery (Lottery) proposes regulation amendments to modify the SuperLotto Plus annuity structure to a 5 percent graduated annuity rate, which will reduce the prize expense and increase funding for education. BACKGROUND Currently, SuperLotto Plus has a 4 percent graduated annuity whereas Mega Millions and Powerball have a 5
Nov 21, 2019, 1:01 am - cottoneyedjoe - Lottery Discussion Forum

Cash Vs Annuity PaymentsReply
While it is true that the received sum of cash option is currently relatively at highest level in history, due to very low interest rates, decisive calculation results tend to appear be more favourable for cash option with direct comparison to annuity today - but only on a short term basis. Today cash option or fast-track to riches still is discounted, below par level when compared to annuity which is slow-track . Capital difference at its minimum now, but what matters are taxes a
Feb 26, 2012, 9:29 am - jones69 - Lottery Discussion Forum

800 million dollarsReply
Would a conservative annuity work for a high income earner too???
Apr 13, 2023, 11:25 pm - donbathe - Lottery Discussion Forum

Joining a lottery club?Reply
You can't pick annuity if you buy QP. Most winners are QP player thats why you don't see annuity among winning tickets. Personally, I always pick annuity when I buy Texas lotto. I want to win for a peaceful life for the rest of my life, not to hassle with money managers. Winners will get more than 2 million per year for next 30 years and is enough for a good life for anyone.
Apr 1, 2023, 11:31 am - ah1963 - Lottery Discussion Forum