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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

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

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

$1 BILLION: Powerball jackpot hits milestone for 3rd timeReply
It went from $875,000,000 to $900,000,000 The real increase was from an actual annuity of 830 to an advertised annuity of 900, which is 7/8 of the 750 to 830 increase from Wednesday to Saturday. The final tally for Monday was actually 922, which is fairly impressive considering that sales for a Monday drawing have only been bigger than sales for the previous Saturday once. The jackpot should be around $1.6 - $1.9 There is no should. The jackpot is determined by how many tickets are
Jul 18, 2023, 4:36 pm - KY Floyd - Lottery News

VIDEO: July's Weekly Roundup in lottery newsReply
It's actually the ninth-largest Powerball jackpot ever This seems to disagree: 21. Mega Millions: $347.6 million cash, Dec. 17, 2013 ($648 million annuity) - California, Georgia 22. Powerball: $341.7 million cash, Jul. 30, 2016 ($487 million annuity) - New Hampshire 23. Powerball: $340.9 million cash, Jul. 10, 2023 ($675 million annuity) - Preliminary estimate, not won yet Despite the bump, it's still smaller than 14 other PB jackpots, although I suspect the final tally will move i
Jul 10, 2023, 3:51 pm - KY Floyd - 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

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

$1.725 BILLION: Powerball jackpot now 2nd-largest of all timeReply
This is (usually) because of fluctuations in the interest rates etc when they calculate the annuity payout. For example, The current cash ratio is ~40% of jackpot. Back in the COVID period (2021-22) it hit 83%.. because interest rates were at an all-time low, so the annuity wasn't worth as much...
Oct 11, 2023, 5:19 pm - kao1632 - Lottery News

$1.4 BILLION: Powerball jackpot juggernaut keeps rollingReply
It rolled. $1.55billion Annuity, $679.8million cash.
Oct 8, 2023, 12:12 am - PrisonerSix - Lottery News