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POLL: Pick 5 JP of $1M vs Pick 6 JP of $2M
OK, here's the sutiation in Illinois tonight. Both of these games are drawn on Mondays. (Little Lotto is every day, Lotto is M-W-S) The Little Lotto jackpot is $1,025,000. It's a 5/39 game with a starting jackpot of $100,000 that progresses until hit. The odds against 5 out of 5 are 575, 757 to one. the Lotto is a 6/52 game that just got hit for $25,500,000 Saturday night and is back to its $2,000,000 srarting jackpot. Little Lotto is a one time cash payout on any jackpot.
Jan 5, 2009, 5:55 pm - Coin Toss - Jackpot Games Forum

Kansas Powerball lottery winner claims jackpot anonymouslyReply
The Powerball Annuity payout was changed last year to a graduated annuity payout - with each year's payment going up by 4%. If you had a lump of cash and wanted to set up your future, any financial advisor worth their salt would recommended a graduated annuity. Tough to live on even $1 million a year if it never keeps up with inflation. Lottery payouts that are equal really are not meeting the needs of a winner that wants to sit on the beach and not think about the money. The graduated annui
Oct 6, 2006, 11:44 am - chuck32 - Lottery News

Winner of $1.5 billion Mega Millions jackpot has come forwardReply
Interesting article on MSN https://www.msn.com/en-us/money/personalfinance/mega-millions-winner-of-dollar15b-jackpot-comes-forward-why-they-chose-the-lump-sum/ar-BBUnm9F?li=BBnb7Kz For all the cash vs annuity discussions that are on LP, has this ever came up? Annuity, cons; Cons: But there are risks. It s possible that the entity making the payout over the 30 years could run out of money
Mar 4, 2019, 11:58 pm - Coin Toss - Lottery News

$380 MILLION: Massive sales push Powerball jackpot higherReply
I like to point out something this jackpot shows very clearly about the jackpot anniuty option. #5 $258.2 million cash, Aug. 7, 2013 ($448.4 million annuity) - #6 $256.8 million cash, Feb. 7, 2015 ($380 million annuity) It's within 2 million dollars of #5 jackpot 258.2 million cash jackpot , Yet the annuity is 380m current vs 448m in 2013, only 2 years ago! This is power of 30 year interest rates have on all lottery jackpots! 60+ million dollars less today, thanks to interest rate
Feb 6, 2015, 2:58 pm - joshuacloak - Lottery News

Mass. Lottery knew about exploited game's flaws for years, IG saysReply
There are groups out there that play pick 5 games over the country when the jackpot reaches certain levels that make the return on dollar invested positive. Usually when a jackpot is $575k or more on a 575757 to one odds game is the wagering of large amounts in the tens of thousands are justified. You are going to get back a minimum of 20% of your money bet hitting two and three out of five. You might have dry spells for a long time but over time and with big pockets you will come out a winner.
Aug 5, 2012, 4:11 pm - qutgnt - Lottery News

New England states start new lottery game ThursdayReply
Cash vs. annuity debate aside, I've been anxiously awaiting this game for several reasons. First, as a Vermont resident, I've been clamoring for a Monday/Thursday draw game for a long time now. Many states already have either a daily or a Mon/Thurs game for a while now, and only now has Vermont (and, by extension, Maine and New Hampshire) begun to offer such a game. Second, Lucky for Life is infinitely preferable to the outgoing Weekly Grand (Extra). The only time I ever won anything appr
Mar 14, 2012, 6:23 am - chops - Lottery News

Do lottery tickets expire so the lottery commission can deny paying prizes?Reply
i agree with you...i asked myself that before... i think they might worry that people will try to fasificate/copycat them... Something else i suspect..i dont know if the lottery can alter what plays but it gives me the sensation that if you can beat their game and you are someone with radical ideas or beliefs, they will cut you off and choose anoter winners...Just like in sponsonships and stuff.... 1 reason why it will expire in 6 months is because it could be that the money they are pa
Sep 14, 2010, 1:31 am - pumpi76 - Lottery Discussion Forum

Only $5 million increaseReply
intresting thing about powerball inflated annuity, mm catchs up ON THE 2ND roll! i give you the lastest cash amount for pb first 2 draws vs mm pb $9.9 Million pb $12.3 Million mm $7 Million mm $12 Million as you can see mega millions is all but catched up by the 2nd draw on the 3rd roll, MM just got the lead and is not letting pb beat it ever again in cash , so mm= better jackpots overall going in deeper into it: pb inflated annuity really starts g
Feb 14, 2010, 12:21 pm - joshuacloak - Jackpot Games Forum

18.4 MILLION Michigan Classic Lotto 47 Jackpot!!Reply
Well, good luck. However, I sure hope you don't live near me. You'd probably freeze to death like that and we'd have to look at your naked cavorting body until spring. However, I'm looking to win that one, too. Only I won't be cavorting naked in my front yard. I might have considered my back yard, but the neighbor's tree fell on my fence during the big blow over the holidays. Probably will just take a trip somewhere warm, lounge around, and sip on some amoretto sours.... So the big questio
Jan 6, 2009, 12:26 am - Piaceri - Jackpot Games Forum

PB lower odds = greater payout than MM??Reply
One can calculate an expectation value, which is the potential reward vs. the risk (i.e. the odds). In general, if the cash values are equal, the expectation value for PB is better than that of MM. However this is not always the case. The expectation value of either game seldom rises above 1.00, at which point the game is considered a good bet. Because of long odds, such a value is only approached when the jackpot is in the $300 million annuity range. It is not possible however to as
Sep 28, 2006, 2:55 pm - Prob988 - Jackpot Games Forum