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$1.23 BILLION: Powerball jackpot juggernaut keeps rollingReply
I wouldn't call it an adjustment, but it's not at all rare for the cash:annuity ratio to remain the same from one drawing to the next. According to the worksheets on the TX website the last two runs have consistently kept the same ratio for 3 consecutive drawings before changing for the next 3 drawings. What's unusual is a change as big as this one. The annuity estimate was increased by $70 million, while the cash value only increased by $13.8 million. We've seen mistakes in some of the reported
Apr 6, 2024, 1:27 am - KY Floyd - Lottery News

$1.7 billion in combined jackpots, as USA multi-state lottery games peak togetherReply
The cash option was increased to $467 million, but the annuity remained $977 million.
Mar 22, 2024, 12:49 pm - Todd - Lottery News

$1.23 BILLION: Powerball jackpot juggernaut keeps rollingReply
It's very common, and in fact rarely is the cash and annuity adjusted proportionally. Many times the cash value changes but the annuity is not adjusted. Keep in mind they are both estimates, and we are strictly speaking here about numbers being adjusted prior to the drawing.
Apr 5, 2024, 12:55 pm - Todd - Lottery News

Mega Millions and Powerball offer $1.11 billion in combined lottery jackpotsReply
I see the MM jumped up tonight another $23 million Annuity and yet the cash only goes up $3.3 Million ??? The Cash to Annuity ratio fell almost a full 1 percent in 48 hrs
Mar 15, 2024, 1:33 pm - CDanaT - Lottery News

North Carolina 18-year-old wins $1 million in lottery after asking sister to buy ticket for himReply
I think younger folks should take the annuity, even though you don't mention 20 years of tax liability. It is not always the best option. Decades ago I'd say Cash option when we had to do that @ time of purchase. Not the case @ my age. No way would I take an annuity.
May 26, 2024, 12:49 pm - Bleudog101 - Lottery News

$1.7 billion in combined jackpots, as USA multi-state lottery games peak togetherReply
Once again, they've been fortunate enough that when interest rates changed sales magically increased exactly enough for the advertised annuity to remain the same. Assuming that current cash value is realistic the annuity would have been bumped to about 991.5 if the interest rate hadn't changed. If it rolls (about an 82% chance) it goes to $1.1 billion and $525 million cash.
Mar 22, 2024, 1:12 pm - KY Floyd - 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

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