Search

The ever increasingly inflated jackpot prizes for MM and PBReply
How about the most I can collect jackpot if I wisely invest my 30 annuity payments? I'm sure you've seen the posts that say you can buy your own, better, annuity. I doubt anyone will do it, but you can buy an annuity that pays you over 50 years if you want to. You can buy an annuity that won't pay you a dime until 30 yrs has passed. If you want to, you can easily turn the average lottery jackpot into a total payout of a billion dollars. They're still all based on today's actual cash.
Mar 5, 2023, 12:32 am - KY Floyd - Lottery Discussion Forum

Texas LottoReply
I am impressed that your TX Lotto Cash Value to Annuity Ratio is at almost 61% PB Cash Value to Annuity Ratio is at 54.05% MM Cash Value to Annuity Ratio is at 53.5% Lotto America CV to Annuity Ratio is 54.03%
Jan 17, 2023, 9:31 am - CDanaT - Jackpot Games Forum

Powerball lump sum?Reply
IIRC, you're not allowed to give the annuity to anyone else. You can assign the annuity payments to anybody you want to (ever heard or seen advertisements for JG Wentworth?), or if you die the remainder of the payments are part of your estate and go to the heirs of your choosing. Assuming you were smart enough to have a will, which I'd hope covers anybody who has won millions of dollars in the lottery, of course. Whether you've won the lottery or not, if you die without a will state law wil
Nov 9, 2022, 7:08 pm - KY Floyd - Lottery Discussion Forum

One Illinois lottery ticket wins $1.337 billion Mega Millions jackpotReply
I agree on questioning why anyone would take the annuity (you can always shop around after getting the cash).. During the height of the low interest rates (a year or so ago) the cash to jackpot rate hit around 83% (It is currently around 58.38%.) That $780.5 million would have only been worth (bought an annuity expected to pay out) $940,361,445.90. Compare that to the $1.337b it could buy today, and someone taking the same cash value annuity a year or so ago would lose ~$396m over the
Jul 30, 2022, 5:29 pm - kao1632 - Lottery News

$1.55 BILLION: Biggest Mega Millions jackpot ever to be drawn TuesdayReply
If there are no winners Tuesday i wonder how high the next drawing will be for. I'm surprised that it's past 3 on Monday afternoon and they haven't bumped it up yet. The last increases was roughly $250 million, from 1.1 to 1.35 billion, so you'd think that this one would increase by at least that much and that by now they'd have plenty of sales data for the confidence to announce a higher jackpot unless sales have been a bit lackluster. I'd expect that this one should make it somewhere past
Aug 7, 2023, 3:19 pm - KY Floyd - Lottery News

$1.55 BILLION: Biggest Mega Millions jackpot ever to be drawn TuesdayReply
The way the annuity is set up I don't see why many people older than 56 would take it. They really should offer a choice of annuities with 20, 25 and maybe 30 year flat payments along with the one they offer now. I don't see who, in their right mind, over 60 would want an increasing annuity. The annuity payment structure right now on both PB and MM is very ageist!
Aug 7, 2023, 7:22 am - Think - Lottery News

Joining a lottery club?Reply
When I sold lottery last year most people just asked for whatever drawing it was that night. A few would specify cash option, and if someone didn't I as. If memory serves only one or two wanted annuity and those had a playslip. Can't recall anyone asking for annuity. For the life of me I don't recall if a QP button or annuity button had to be pushed if the player didn't have a playslip. Next time I buy tix I'll have to ask.
Apr 1, 2023, 8:46 pm - rcbbuckeye - Lottery Discussion Forum

Texas LottoReply
Understood. The cash amount ($5.75 mil) is what the state would invest to pay the $10 million annuity. The cash is the real jackpot. The state likes to advertise the annuity because it's a bigger number. At my age, I want the cash amount. Granted, the annuity would be inherited by my kids at my death, but.... they will get a nice chunk anyway with the cash amount.
Oct 30, 2022, 5:58 pm - rcbbuckeye - Jackpot Games Forum

Major claim deadline approaching for Illinois lottery winner of $1.337 billion Mega Millions jackpotReply
My feelings about lump sum or annuity: if you're under 40, you should take the annuity and if you're over 40 take the lump sum. If you take the annuity and die before the last payment, your estate would be responsible for the inheritance tax on the full amount remaining.
Sep 14, 2022, 3:33 pm - TheMeatman2005 - Lottery News

Joining a lottery club?Reply
Way back when Texas was an annuity only game there was no option. Initially sold as an annuity-only game (no cash option), the purchaser having to pick numbers, and the drawings held only on Saturdays, Lotto Texas later added the Quick Pick option (random selection of numbers, added on May 29, 1993, the Lottery's first anniversary), the Cash Value option (CVO) in 1997, and changed the drawings to twice weekly, adding Wednesdays. (Powerball started the CVO November 2, 1997) At the tim
Apr 1, 2023, 7:05 pm - garyo1954 - Lottery Discussion Forum