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$825 MILLION: Powerball jackpot raised due to surging ticket salesReply
Lottery Post published an informative video that steps through exactly how the jackpot annuity and cash value is calculated and is strongly recommended viewing for any lottery player.
Oct 29, 2022, 3:51 pm - Todd - Lottery News

Major claim deadline approaching for Illinois lottery winner of $1.337 billion Mega Millions jackpotReply
As far as taking the annuity is concerned a lot depends upon the age of the winner . At my age (I'm retired) there's no way I'd take the annuity. My son may feel differently. G5
Sep 14, 2022, 8:08 am - GiveFive - Lottery News

Major claim deadline approaching for Illinois lottery winner of $1.337 billion Mega Millions jackpotReply
Yes, Vinh Nguyen won a 228 million Powerball jackpot in California in 2014 and took the annuity option.
Sep 13, 2022, 9:42 am - play4shekels - Lottery News

$630 MILLION: Mega Millions jackpot soars after no winner TuesdayReply
Todd. do you know if this has this ever happened before (when they changed the cash value but not the annuity)?
Jul 22, 2022, 9:42 pm - Perfecttiming2 - Lottery News

$910 MILLION: Mega Millions lottery jackpot making another historic runReply
This is indeed interesting. My understanding has been that tax is based on residence especially for the annuity after the first payment. I have read widely on Taxes and have wanted to know what are the best tax strategies. Unless the CPAs and CFAs are totally wrong, I don't know who to believe. Below is an extract and a link to some articles from Tax Advisors. @KY Floyd: let me know what your thoughts are after reading the below and the article. From a state tax perspective, an
Jul 28, 2023, 8:45 am - JustMaybe - Lottery News

Nebraska Lottery marks 30th Anniversary with first $30 scratch-off gameReply
Complaining about a top $300,000 prize for a $30 ticket only makes sense if you ignore the odds of winning the prize, plus the fact that the top prize is cash (not annuity). In the new Nebraska game, the odds of winning the top prize are 1 in 128,000, which are pretty good odds for a scratch game top prize. (3 top prizes are available.) For comparison, in New York $5 games offering a $1 million top prize, they are annuity payouts, meaning the top prize is not really $1 million cash in co
Sep 28, 2022, 8:00 am - Todd - Lottery News

Merry ChristmasReply
Ques to throw out for discussion: I win the Lucky for Life and choose the annuity (let's assume I'm young for the sake of this argument) Okay, 20 yrs has gone bye ..... I'm in my mid fifties let's say and I'm in good health ..... I decide to sell my annuity to some financial company ..... Is that even possible? I would think if it were it would be based on 20 more years of my life, right? Oh yeah, Merry Christmas all!
Dec 25, 2023, 6:42 pm - ShagE3 - Lottery News

$1.2 BILLION: Powerball jackpot is 3rd-largest in game historyReply
Sales are definitely down for this size jackpot Mondays are always slow compared to the other drawings, but tonight is Wednesday and they haven't raised the estimate at all. I'd still have thought it would finish out a bit higher, but a roll will mean an advertised jackpot of just 1.4 for Saturday. At this rate I'm not sure we'll see 2 billion by next Wednesday, assuming it keeps rolling. Of course they'll claim a new record if it makes it to 2.04001 billion, but with the current cash:a
Oct 4, 2023, 8:18 pm - KY Floyd - Lottery News

$925 MILLION: Powerball lottery jackpot nears billion-dollar milestoneReply
I think we're going to be looking at a new record. Annuity rates are high and sales are low. I think it could go the distance. Normies look at the annuity only anyways... People really do not understand how lottery tickets work. 2.5 bil advertised, 1.2 bil cash. Single winner. GA or TN. Scratch that FL or CA I'd love to see Ole California Edwin win it again and buy more Hollywood mansions. Maybe with his newfound wealth he could travel east and purchase the Biltmore.
Sep 28, 2023, 7:31 pm - adamc224 - Lottery News

$1.58 billion Mega Millions lottery winner has two weeks left to claim cash optionNews Story
Winner might wait until last minute to claim lump sum unless they choose annuity By Kate Northrop Time is running out for the Florida winner of the $1.58 billion Mega Millions jackpot, who has two weeks left to step forward if they want the cash option of the prize. There's not much time left to claim the one-time lump sum option of the $1.58 billion Mega Millions jackpot, which was drawn in August. Unless the winner is planning on taking the annuity option of the jackpot, they b
Sep 22, 2023, 3:09 pm - Todd - Lottery News