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CA SuperLotto slow-build 6 monthsReply
I finally managed to find the link to the lottery regs and financial reports, it's under about us. The latest version of the regs state The Cash Option for the Jackpot Prize is set prior to the Draw and is based on the estimated cost to fully fund the advertised annuity prize. They are stating that the lump sum amount is not based on sales, which we all knew because the jackpot annuity increases by exactly $1 million every drawing regardless of sales. As the interest rates fluctuate, t
Aug 3, 2023, 12:30 pm - cottoneyedjoe - Lottery Discussion Forum

CA SuperLotto slow-build 6 monthsReply
CA SuperLotto Plus is idiotic. By regulation, the advertised annuity value has to increase by exactly 1 million dollars with every rollover, and the cash value is calculated from that number, regardless of sales . It works the opposite of every other annuitized jackpot lottery where sales dictate the cash value and the cash value dictates the annuity. The people who devised SLP's bizarre rollover rules probably thought it was a neat advertising strategy, but didn't realize nobody ever takes the
Jul 18, 2023, 7:38 pm - cottoneyedjoe - Lottery Discussion Forum

Decrease of cash value
Hello everyone, not sure if this topic was discussed before, but i'm sure most of us noticed that the cash value for major lotteries such as Powerball and Megamillions had decreased over few years. For instance, the average ratio for cash to annuity in 2020 for Megamillions lottery used to be 73%, 70% in 2021, 60% in 2022 and this year it is less that 50%, the current ratio for the draw on 17th October is 45%. What is the reason for that? Is this a kind of trick to make the winners opt for the a
Oct 14, 2023, 8:43 am - Passerby - Lottery Discussion Forum

Decrease of cash valueReply
The cash value of lottery jackpots hasn't changed. It's still the same percentage of sales that it's been for several years, and only changes when the lotteries change the prize structure. The annuity is an investment, and how well it does depends on interest rates. Interest rates have gone up, so a given amount of cash buys an annuity with a higher total payout. That total payout is the sum of the actual cash and all of the interest earned by the cash because the lottery doesn't keep a penn
Oct 16, 2023, 7:44 pm - KY Floyd - Lottery Discussion Forum

The Idiot TaxReply
yeah, people have been complaining for decades that the advertised annuity prize is a far cry from what you actually get if you actually won. you're a bit late to the party, but there's still some bud light in the fridge.
Apr 1, 2024, 11:26 pm - Brock Lee - Lottery Discussion Forum

Lotto Jackpot QuestionsReply
Instead of getting the whole jackpot, you'd get two halves of the jackpot. The only practical difference from a single ticket win is that if you wanted to, you could take the lump sum for one ticket and the annuity for the other.
Jul 6, 2023, 12:43 pm - Murgatroyd - Lottery Discussion Forum

Did Michigan just lower their cash payouts?Reply
I forgot that there are people on here that clearly do not understand annuities. The Michigan annuity prizes pay out 33,333.33 per year for 30 years per million dollar prize. The annuity is now funded with a lower cash value! I do not believe they made the change based on interest rates but maybe they only increased the cash amount for their 50th anniversary celebration. They are always making changes and not telling the players so I can only speculate. My point being Michiga
Aug 2, 2023, 9:37 am - Think - Lottery Discussion Forum

Lotto JokesReply
Did you hear about MUSL's PB forecast for a rollover? The annuity will increase by $8 million but the cash value will only go up $4 million .
Dec 16, 2023, 12:33 am - KY Floyd - Lottery Discussion Forum

Poll: Classic Mega MillionsReply
Get your point. But...interest rates control the difference between annuity prize and cash value prize. MM cash value for Tuesday draw is $175.4 million. That's enough for me. In fact, at my age, $1 million ($630,000 after fed taxes) is enough for me.
Dec 3, 2023, 12:00 pm - rcbbuckeye - Lottery Discussion Forum

I will change the way I buy Cash4life tickets.
Here is how I buy my tickets on Friday. I buy at least 3 lines for 3 draws, Friday, Saturday and Sunday on one tickets. Now if I were to win at least the second prize on two of those draws, I believe I would only have one option on how to claim my prize. I think it would be smart if I won to keep my options open on how to claim and when to claim. If 2 second prize on one ticket I would have to claim 2 lump sum or 2 annuity. Now I will be playing my line on 3 tickets so I wou
Nov 6, 2023, 4:30 pm - wusonglin - Lottery Discussion Forum