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$875 MILLION: Powerball lottery jackpot surges on rolloverReply
LOL. OOPS. Yeah, the MM annuity is 560 M. Looked at the wrong number. Cash PB is $441.9. 63% Fed taxes, no state tax.
Jul 13, 2023, 8:38 pm - rcbbuckeye - Lottery News

$975 MILLION: Massive Powerball jackpot increases againReply
Just increased 40 million, Power Ball is coward and sucks!! That's almost half of the actual increase from Wednesday to Saturday. I wouldn't start at anything higher than that for a Monday drawing if I was in charge, because the jump is almost always smaller than the previous Wednesday to Saturday jump. When it's all done the cash jackpot is always the result of actual sales and the annuity is always the amount the cash can earn based on the current interest rates. Won't go out on a lim
Apr 1, 2024, 3:37 am - KY Floyd - Lottery News

Michigan woman finds out through Facebook that she won $1 million Powerball lottery prizeReply
Assuming no other income and using the head of household tax brackets (2024) Note that: my understanding is that second division Powerball payouts are the full cash amount and not an annuity) Federal tax = $326,493.40 State tax (6%) = $60.000 Total tax = $386,493.40 Or, cash in the hand after State and Federal taxes ($1,000,000 - $386,493.40 ) = $613,506.60
Mar 14, 2024, 1:41 am - kao1632 - Lottery News

$1.55 BILLION: Powerball continues historic jackpot climbReply
Well well well... I knew there wasn't gonna be a winner last night when I didn't feel like eating my deviled ham, onion, yellow mustard on wonder bread sandwich. Boy, I'm getting powerball fatigue. I usually buy one ticket w/ powerplay for every 100 million on the annuity but $$$ lost are adding up so I might base my buying formula next time on the cash value instead. PU who brought the olive loaf?
Oct 8, 2023, 12:57 am - ShagE3 - Lottery News

$1.2 BILLION: Powerball jackpot is 3rd-largest in game historyReply
Last time the powerball was 1.2 billion on a Wednesday 11/2/22 ... That one went from 800 (bumped to 825) to 1 billion. Not quite a year later instead of an increase of 200 million we got an increase of 110, from 850 to 960, and the higher annuity to cash ratio is inflating the advertised prize by about 6% relative to that run. The cash value for tonight's drawing was estimated at 551,700,000 and the actual is 548,000,000. That would mean they beat the 1.2 billion advertised jackpo
Oct 5, 2023, 2:01 am - KY Floyd - Lottery News

$1.04 BILLION: Massive Powerball jackpot increases againReply
It is rigged but not in the way you think. The odds of winning either jackpot in round numbers are 300,000,000 to 1. That is roughly one ticket per every American. Think of it that way. The lotteries like it that way because as the jackpots grow, that is more money for the states coffers, which is why states allow them in the first place. Lastly, the larger the jackpot the greater reward for the state in which the winner is. California has a 12.3% income tax rate over $1,000,000 so if th
Oct 2, 2023, 7:59 am - JohnGalt3 - Lottery News

Florida winner of $1.6 billion Mega Millions jackpot steps forward to claim prizeReply
I'm confused. The news article above says that the Florida Lottery did not reveal whether or not the winner chose the lump sum cash option or the annuity. Yet their website has a Jackpot Winners and Retailer Information Report on it showing the winner took the cash option. Here's a link to it. https://www.flalottery.com/exptkt/MegaMillions_Jackpot_Retailer_Info.pdf What's up with that? In addition to claiming anonymously I hope they hired a lawyer to claim it for them via a trust or
Sep 29, 2023, 8:22 am - GiveFive - Lottery News

California Lottery announces group as winners of historic $1.765 billion Powerball jackpotReply
Funny that whether a ticket was a QP or not is sensitive information. They're treating it as sensitive information. I can't even begin to fathom how it could possibly be sensitive information. It could be a group of two people My wife and I are a group of two people. I suspect that's pretty common among married couples. Was it the cash value of the day of the drawing or the cash value of the day it (ticket) was cashed in? Here's a fun, and wildly surprising, fact: the cash
Mar 16, 2024, 2:31 am - KY Floyd - Lottery News

$910 MILLION: Mega Millions lottery jackpot making another historic runReply
I guess at this rate one would need three or four different financial advisors. The first one is going to advice you. The second one is going to verify the advice of the first one. The third will verify the advice of the first and second. And so on and so on Should I happen to win any major jackpot, I will go with the lump sum, give to Caesar what belongs to Caesar and enjoy the left overs. The only major financial advise to lower your tax bill that I see is always to ta
Jul 28, 2023, 1:18 pm - JustMaybe - Lottery News

$1.76 billion Powerball jackpot won by one ticket sold in CaliforniaReply
I see that many of us share similar strategies regarding the amt of tickets we purchase as it pertains to MM and PB. We buy our tickets ( 1 w/ pp or mp ) per every 100 mil based on the annuity but, that gets expensive and even embarrassing when the jackpot gets over say 500 mil I try to convince my fellow partners in crime ie family, to no avail, that we should base it on the cash value instead. If we only knew how much $$$ we've spent on that elusive jackpot dream we could have fin
Oct 13, 2023, 7:21 pm - ShagE3 - Lottery News