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$1.55 BILLION: Biggest Mega Millions jackpot ever to be drawn TuesdayReply
Still #3 for annuity but highest MM ever!
Aug 8, 2023, 12:28 pm - PrisonerSix - Lottery News

$1.55 BILLION: Biggest Mega Millions jackpot ever to be drawn TuesdayReply
Well, is it now #2 for annuity?
Aug 8, 2023, 12:18 pm - EnReval - Lottery News

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

$820 MILLION: Massive Mega Millions drawing set for TuesdayReply
If the interest rates didn't change, the reduced cash would mean that the annuity would also be smaller by about $7 million so I only see two possibilities. One is that they actually revised the sales estimate downward and the interest rate somehow magically increased exactly enough that the annuity purchased at a higher interest rate is the same as the one they advertised based on having more cash to buy it . The other is that the interest rate went up a bit, and they worked backwards from the
Jul 25, 2023, 10:21 pm - KY Floyd - Lottery News

$910 MILLION: Mega Millions lottery jackpot making another historic runReply
let me know what your thoughts are after reading the below and the article . I think that getting tax advice for free can be risky. While it's also free, this comes from the state of NJ , which is the state your source thinks might not continue to tax a winner that moves out of state. If you don't want to read it all, How Residents and Nonresidents Are Taxed at the bottom of page 6 says For nonresidents, New Jersey Income Tax liability is based on the percentage of their total income that c
Jul 28, 2023, 5:59 pm - KY Floyd - Lottery News

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

$1.25 BILLION: Mega Millions jackpot set to deliver unimaginable wealthReply
Annuity up $100 million, cash up $34.2 million, cash:annuity ratio down to a bit under 49%. If it rolls (about 65% chance) the advertised jackpot will start at 1.55 billion if interest rates don't change again. Cash will be $659.5 million, based on the sales estimate. No telling if sales will be high enough, but if they are there's perhaps a 30% chance of two rolls and MM reclaiming the annuity jackpot record that PB has had since the first jackpot over $1 billion in 2016. If sales are a bit
Aug 4, 2023, 1:13 pm - KY Floyd - 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

$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