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Joining a lottery club?Reply
They advertise that annuity to make the jackpot look bigger than it really is, like MM and PB do also. No winner has taken the annuity that I can recall. The cash amount is the REAL jackpot. If a winner was to take the annuity the cash amount is invested to pay the annuity.
Mar 30, 2023, 8:13 am - rcbbuckeye - Lottery Discussion Forum

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

800 million dollarsReply
Would a conservative annuity work for a high income earner too???
Apr 13, 2023, 11:25 pm - donbathe - Lottery Discussion Forum

Joining a lottery club?Reply
You can't pick annuity if you buy QP. Most winners are QP player thats why you don't see annuity among winning tickets. Personally, I always pick annuity when I buy Texas lotto. I want to win for a peaceful life for the rest of my life, not to hassle with money managers. Winners will get more than 2 million per year for next 30 years and is enough for a good life for anyone.
Apr 1, 2023, 11:31 am - ah1963 - Lottery Discussion Forum

The ever increasingly inflated jackpot prizes for MM and PBReply
In MM the cash value is 51.24% of the annuity. Interest rates affect the difference between cash and annuity.
Feb 27, 2023, 4:36 pm - rcbbuckeye - Lottery Discussion Forum

The ever increasingly inflated jackpot prizes for MM and PBReply
How about the most I can collect jackpot if I wisely invest my 30 annuity payments? I'm sure you've seen the posts that say you can buy your own, better, annuity. I doubt anyone will do it, but you can buy an annuity that pays you over 50 years if you want to. You can buy an annuity that won't pay you a dime until 30 yrs has passed. If you want to, you can easily turn the average lottery jackpot into a total payout of a billion dollars. They're still all based on today's actual cash.
Mar 5, 2023, 12:32 am - KY Floyd - Lottery Discussion Forum

Powerball lump sum?Reply
IIRC, you're not allowed to give the annuity to anyone else. You can assign the annuity payments to anybody you want to (ever heard or seen advertisements for JG Wentworth?), or if you die the remainder of the payments are part of your estate and go to the heirs of your choosing. Assuming you were smart enough to have a will, which I'd hope covers anybody who has won millions of dollars in the lottery, of course. Whether you've won the lottery or not, if you die without a will state law wil
Nov 9, 2022, 7:08 pm - KY Floyd - Lottery Discussion Forum