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Jackpot : Annuity vs cash value
There is a discussion in the MM thread about taking the annuity vs cash value. I thought taking the cash value is 100% the right decision. Long term investments will almost always beat the return of a annuity right?
Aug 8, 2023, 10:58 am - JWBlue - Jackpot Games Forum

Jackpot : Annuity vs cash valueReply
If you win a jackpot, you can choose to receive the jackpot in an annuity that is paid in 30 graduated payments over 29 years with an annual interest rate of 5% or as a lump sum 1 . A lump sum means you get a smaller payout immediately. An annuity spreads your payments out over several years and gives you a larger jackpot over time 2 . The decision between taking the lump sum or annuity depends on your personal financial situation and goals. If you take the lump sum, you will pay all applica
Aug 8, 2023, 11:01 am - wander73 - Jackpot Games Forum

This question might have been answeredReply
appreciate your comment and feedback. I live in philadelphia, PA I thought there was an annuity, ok, maybe I am not thinking. so the big prize is cash or annuity not the next one down. interesting.
Jul 24, 2023, 6:09 pm - wander73 - Jackpot Games Forum

This question might have been answeredReply
The federal tax rate on 1 million is 63%. (not taking any deductions into account) So in Texas (no state income tax) payout would be $630,000. For you your net payout depends on the state tax you live in plus fed tax. BTW, there is no annuity on MM or PB second prize, only the top jackpot, if annuity payout is chosen.
Jul 24, 2023, 3:24 pm - rcbbuckeye - Jackpot Games Forum

Texas LottoReply
5/17 results 5-13-22-29-37-48 Got a winner from Mansfield, self pick. The winner also took the annuity, which is rare. 16-5/6 winners. Jackpot resets to $5 million annuity, $3.03 million cash.
May 17, 2023, 11:47 pm - rcbbuckeye - Jackpot Games Forum

Texas LottoReply
Jackpot took a pretty big jump for Saturday. $10 million annuity, up $1.25 million. Up $610,000 cash. Lot of players are jumping in.
Oct 4, 2023, 11:43 pm - rcbbuckeye - Jackpot Games Forum

Texas LottoReply
Winning numbers 1 14 17 22 35 52 Jackpot rolls to $25.75 million annuity $14.1 million cash.
Nov 27, 2023, 11:49 pm - rcbbuckeye - Jackpot Games Forum

Powerball & Mega Millions: A HistoryReply
Considering the higher odds after the last matrix change and the doubling of the ticket cost, it would be a welcome relief for for the lower prize tier levels to pay out a bit more. I do believe more people would play a bit more if they were able to win anywhere from 20-50 dollars once in a while from the lower prize tiers. Till then I will just continue buying a ticket or two of Feel Good Picks from a Fantasy Pool from a wheel I created with Covermaster just to be in it. When Powerball or M
Oct 26, 2023, 12:59 pm - IAmABadOne - Jackpot Games Forum

Jackpot : Annuity vs cash valueReply
There seems to be an assumption the highest tax rate always goes up. The facts indicate otherwise. https://www.wolterskluwer.com/en/expert-insights/whole-ball-of-tax-historical-income-tax-rates Taking the annuity might be a good decision.
Aug 8, 2023, 11:14 am - JWBlue - Jackpot Games Forum

Texas LottoReply
7/31 results 4-6-23-32-46-52 4-5/6 winners. Jackpot rolls to $12.5 million annuity, $7.29 cash.
Jul 31, 2023, 11:42 pm - rcbbuckeye - Jackpot Games Forum