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$1 BILLION: Historic Powerball jackpot draw set for MondayReply
In TX, if you take the annuity, they have to announce tour name n city after 30 days if am lucky, doing annuity bcuz don't want to worry abt managing $260mil after all taxes want peace of mind
Oct 30, 2022, 11:55 pm - EnReval - Lottery News

$1.28 BILLION: Lottery officials raise tonight's Mega Millions jackpot estimate againReply
Someone reported yesterday that it will be around 51%. The updated jackpot means they've revised the sale estimate upwards by roughly 100 million tickets. If every ticket was chosen randomly the chance of a rollover is very close to 1 in 3, and a single winner is the most likely outcome. If it does roll the starting jackpot of $1.7 billion will set a new cash record by a bit less than $10 million if the cash/annuity ratio remains the same. If the cash annuity ratio goes down a bit we may
Jul 29, 2022, 3:25 pm - KY Floyd - Lottery News

$630 MILLION: Mega Millions jackpot soars after no winner TuesdayReply
Weirdly, the cash value was just upped to $388 million (11th-largest US cash value in history), but the annuity did not change ( $660 million ). So, more ticket sales are happening than expected, but I suppose interest rates (used to calculate the annuity) went down a bit. For more information about how jackpots are calculated, see this video: https://www.lotterypost.com/news/340649
Jul 22, 2022, 12:33 pm - Todd - Lottery News

$935 MILLION: Powerball lottery jackpot nears billion-dollar milestoneReply
I feel this pot going to climb into the top 3 Maybe, but it needs to almost double, to about 1.815 billion to be in the real top 3, based on the current cash:annuity ratio. It will reach a billion by Saturday for sure. That would require actual sales to be almost twice as much as the original forecast. Call me crazy, but I think that seems just a tiny bit unlikely. Considering the odds are even higher for mega millions than they are for Powerball ... The very high odds for
Mar 29, 2024, 4:48 pm - KY Floyd - Lottery News

$910 MILLION: Mega Millions lottery jackpot making another historic runReply
Disclaimer : The below is not tax advice and should not be construed as such. There are I think around 8 states that don't tax lottery winnings. However, one will still have to pay federal taxes which max out at 37% depending on the amount won and marital status. That and the fact that different states tax lottery winnings at different percentages makes it hard to have a one hat fits all approach to taxes on lottery winnings. However, this forum has done a good job of showing the tax
Jul 27, 2023, 12:30 pm - JustMaybe - Lottery News

Iowa man claims largest Lotto America jackpot at $40 millionReply
This will help you understand better: How-to-Play/Difference-Between-Cash-Value-and-Annuity.aspx Difference Between Cash Value and Annuity If you win a Mega Millions jackpot, you will choose how to be paid: Cash Option or Annual Payout. Prize claim parameters vary from state to state. Contact your Mega Millions lottery for detailed information. Annuity option: The Mega Millions annuity is paid out as one immediate payment followed by 29 annual payments. Each payment is 5% bigg
Apr 11, 2023, 3:33 pm - TheMeatman2005 - Lottery News

$800 MILLION: Powerball lottery jackpot surges on rolloverReply
any wagers on the odds of it hitting a billion dollars The upside of sluggish sales is that there's a very good chance we'll see another rollover on Saturday night and if it rolls the next jackpot will almost certainly be over a billion. If the advertised jackpot reaches 850 by the time this one is done there will be about 111 million tickets in play. If all of those tickets were chosen randomly the chance of a rollover would be almost 70%. If it makes it to 900 million (I'd guess it's
Oct 28, 2022, 1:33 am - KY Floyd - Lottery News

North Carolina 18-year-old wins $1 million in lottery after asking sister to buy ticket for himReply
Such a nice looking family. I think they included grandma also. I think anyone below 30 should take the annuity.
May 26, 2024, 3:38 pm - Artist77 - Lottery News

North Carolina 18-year-old wins $1 million in lottery after asking sister to buy ticket for himReply
Finally. A lottery winner who takes the annuity, which is the best option. Way too many people take the lump sum, only to lose everything years later. I am glad that the winner decided to get paid over a 20 year period.
May 26, 2024, 12:06 pm - darthfury78 - Lottery News

North Carolina 18-year-old wins $1 million in lottery after asking sister to buy ticket for himReply
Congratulations to this young man in his win. People are always advised against taking the annuity, but it ensures he'll have an annual income for the next 19 years and won't blow it all right away. This also keeps the roaches from coming out of the woodwork.
May 26, 2024, 9:25 am - hlamb - Lottery News