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$240 MILLION POWERBALL - WednesdayReply
Just wait awhile before you spend any money V-dude. Interest should put the money over 100 million in a short time. But remember V-dude, 27% is just the WITHHOLDING tax. You still owe more money to the government. You will have to file quarterly tax returns.
Jul 6, 2003, 5:33 am - Thomas Covenant - Jackpot Games Forum

5/7 New Tex Lot 60-100 million JacksReply
Cash Only:Texans are used to better. That includes representative government. Texas is not New York. We don't suffer and brag about it.
May 9, 2003, 8:08 pm - orangeman - Jackpot Games Forum

TX winner a potential loserReply
freddy, while reaping only $60 million off a $200 million jackpot seems to be a ripoff (it is - tax wise), you forget three important quotients in determining which choice to make. lump sum vs. annuity.1)CONTROL . first and most important is that you control your money, not someone else. and especially not the government. lump sum puts the control factor directly into your hands to begin with. if you are afraid of being able to handle money wisely especially over a long period time you
Sep 4, 2002, 9:18 pm - visiondude - Jackpot Games Forum

Never let lottery assign you an annuityReply
I'm not sure if the direct deposit program applies to non-US government checks. Regardless, she should have chosen CASH (when she played) so she wouldn't have to worry about getting future payments. As for making bad investments on a lump sum prize, it's vital to get expert financial advice ASAP after you win (probably from persons representing different ways of investing).
Sep 2, 2002, 5:01 pm - CASH Only - Jackpot Games Forum

Powerball change?Reply
I posted winners in my list wednesday 25 8 or 7 21 or 22 15/14 7/6 29 was my PRIORITY LADDER WHICH HAVE 21 and 25 and 29 as 55 59 21. Ladder 25 as 55 and 29 / priority 8 as 9 21/22 25 29 48 as 18 so my average out had 3 good and could say 5 listed close. The 17 was not in the list, which I see came from the 16/46 I played, but time change may have revealed the actual correctly. I still think its crazy they give 300 million to one person. It is a huge amount of money to give to a cri
Oct 1, 2015, 12:21 pm - paneagle - Jackpot Games Forum

Public information
Since lotteries are run by government, shouldn't the preparation process be publicly available as well? I saw the video for Power ball and kept on thinking. Here are the facts that I can't get out of the head. It turns out to be, that they run 4 tests before the drawing and one test after the drawing. Besides that, there are 4 machines that they use. Fine, this is what they do, they might have their reasons for it, but since its run by the government, shouldn't that information be availa
Aug 27, 2012, 11:58 pm - tvboris - Jackpot Games Forum

How are payments invested?Reply
I've found government securities to be very stable. I've also purchased US Savings bonds. I know someone here keeps saying they don't keep up with inflation and that I'm bad in math but right now I'm earning 8.22% and that's tax deferred. Anyway, it's true that you can usually get a much better interest rate by taking the cash, but interest on what? If you have $10 million and the lump sum pays only 50%, you need to do the math to figure out how much time it will take to get back that cut. S
Aug 17, 2008, 5:05 am - justxploring - Jackpot Games Forum

How are payments invested?Reply
That's what I was saying regarding how money is invested. A 20 year annuity has to have a higher interest rate to reach the same jackpot as a 30 year annuity. MM is 26 years, so it's somewhere in the middle. PB cash option is usually a little less than 50% and MM is usually around 60%. I know I've said this before when people have asked why the cash option for MM is higher than PB when the jackpots are similar. It's all based on what initial investment is required to payout the jackpot after XX
Aug 14, 2008, 3:09 pm - justxploring - Jackpot Games Forum

Why do you get more with Mega Millions?Reply
The Mega Millions jackpot is an estimated 26-year annuity value. When players choose the annuity option for their prize, the state lottery pays the prize out over 26 years by buying U.S. Government Treasury Securities, which earn interest and mature annually over the 26 years. That annual return is the amount the winners receive each year for the 26 year period. With the cash option, the state lottery will take the amount of money that would have been invested and will pay it directly to the
Jun 21, 2007, 12:26 pm - Raven62 - Jackpot Games Forum

Wisconsin SuperCash $$Reply
Come to think of it I have never won a 5/6 on super cash or any other game - because if I had won multiple $500 prizes on each draw from running multiple tickets over the course the years that should be reported. FOR ANYONE ELSE RANDOMLY READING THIS I LOVE MY GOVERNMENT.
Apr 13, 2021, 4:28 pm - Unlucky-Kenny - Jackpot Games Forum