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Biggest reason for Lottery Winners going broke soon? :/Reply
There was a case where a man chose the annuity for a multi Million Jackpot prize and spent the first check frivolously and the next month, he was expecting another check and when it didn't come, he complained to the lottery that he didn't get that month's check. The Lottery told him that his next check would come next year. He assumed an annuity meant monthly, not yearly. He was lucky he chose the annuity because he most likely would have blown a lump sum just as frivously as he spent that first
Jan 12, 2023, 7:30 pm - Lotto fanatic - Lottery Discussion Forum

Powerball lump sum?Reply
The lump sum is better because you don't know what will happen in the future Lottery wise. What if you die before the annuity is fulfilled? IIRC, you're not allowed to give the annuity to anyone else. You can't say something like, If I did before the annuity is fulfilled, I give the annuity to my only Son, Benjamin William Johnson. With the lump sum, you can put that money to good use right away and you can put lump sum money into a will.
Nov 9, 2022, 2:06 pm - Lotto fanatic - Lottery Discussion Forum

Why isn't there a choice to split the Lump sum and the Annuity?
I think that would be ideal. Let's say you win 50 Million in the Powerball. You should be able to get a Lump sum of say $25 million before taxes and $25 million before taxes in Annuity. I don't get why this isn't a thing. Half lump sum, half annuity.
Jun 30, 2022, 2:56 am - Lotto fanatic - Lottery Discussion Forum

Why are lump sum jackpot payouts shrinking?Reply
I would think with interest rates going up the annuity factor would be larger, not smaller. The annuity factor is larger. Despite what the lotteries advertise, the real jackpot is the cash jackpot and in the unlikely event that a winner decides to take the annuity the cash jackpot will be invested to buy the annuity. The higher interest rates mean the annuity that can be bought with a given amount of cash is bigger. If you were paying attention on Thursday or Friday you might have seen
Oct 23, 2022, 3:00 am - KY Floyd - Lottery Discussion Forum

$1.23 BILLION: Powerball jackpot juggernaut keeps rollingReply
I wouldn't call it an adjustment, but it's not at all rare for the cash:annuity ratio to remain the same from one drawing to the next. According to the worksheets on the TX website the last two runs have consistently kept the same ratio for 3 consecutive drawings before changing for the next 3 drawings. What's unusual is a change as big as this one. The annuity estimate was increased by $70 million, while the cash value only increased by $13.8 million. We've seen mistakes in some of the reported
Apr 6, 2024, 1:27 am - KY Floyd - Lottery News

$1.7 billion in combined jackpots, as USA multi-state lottery games peak togetherReply
The cash option was increased to $467 million, but the annuity remained $977 million.
Mar 22, 2024, 12:49 pm - Todd - Lottery News

New Jersey Lottery bumps up Jersey Cash 5 jackpot to $1 million in new promotionReply
Is that jackpot an annuity, or cash value?
Jan 10, 2024, 12:48 pm - Wavepack - Lottery News

$1.4 BILLION: Powerball jackpot juggernaut keeps rollingReply
So the ratio of Cash to Annuity is now under 44%....THAT, is pretty sad.
Oct 7, 2023, 5:33 pm - CDanaT - Lottery News

$1.4 BILLION: Powerball jackpot juggernaut keeps rollingReply
It looks like the cash amount for tmrw is being reduced to 614 from 643. They are just being cautious. They're not being cautious. They're failing at accurately predicting sales. Higher interest rate means less cash needed to earn same amount. Higher interest rates mean the same amount of cash can buy a bigger annuity. The $1.4 billion annuity they're advertising was originally based on each dollar of cash buying $2.175 of annuity and having $643.7 million in cash. Rates have ch
Oct 6, 2023, 10:28 pm - KY Floyd - Lottery News

$1.55 BILLION: Biggest Mega Millions jackpot ever to be drawn TuesdayReply
They raised the Jackpot to $1.58 Billion Annuity, $783.3 Million Cash Option! ( )
Aug 8, 2023, 8:22 pm - Big Joey - Lottery News