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$1.23 BILLION: Powerball jackpot juggernaut keeps rollingReply
In the top 9 for the Annuity or Cash Value ......... Very nice ! ! ! Good luck to all of us Let the games purchasing begin !!!!
Apr 4, 2024, 11:06 am - CDanaT - Lottery News

California Lottery announces group as winners of historic $1.765 billion Powerball jackpotReply
Cash value has been less than 50% for a while .. since interest rates started shooting up (big change from the COVID days of 83% :) But the hight interest rates is why the jackpots are so high (the return on annuity investments is earning a lot more.. 30 yr government bonds are over 4% now vs not much more than 2% during COVID
Mar 16, 2024, 6:28 am - kao1632 - Lottery News

$36 million Mega Millions ticket sold in Florida goes unclaimedReply
This was the only unclaimed Mega Millions jackpot ticket in 2023 Only one? With just 6 jackpots in 2023 what are the odds that only 16.67% of them would go unclaimed? Using that math formula, 80% of $36 million is $28.8 million (which goes to education), and 20% is $7.2 million (going back to future prizes). Using a better formula 80% is $13.92 million because they're probably not going to put that money in to a 29 year annuity.
Feb 21, 2024, 1:41 am - KY Floyd - Lottery News

The Idiot TaxReply
Latest cash option: Pennsylvania: 3.07% state tax- $1,115,433 - $16,188,110 Your average net per year: $21,848,441 Your net payout: $316,084,765 After 30 payments: $655,453,230 Annuity Payment Schedule
Apr 2, 2024, 10:40 am - NeuralNetLottoB - Lottery Discussion Forum

$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

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

$1.3 billion Powerball winner revealed by Oregon Lottery as three people splitting jackpotNews Story
Endearing and humble Laos native is one of three jackpot winners Includes video report By Kate Northrop The Oregon Lottery revealed the identity of the winner for the $1.3 billion Powerball jackpot at a press conference Monday, which turned out to be three people sharing one winning ticket. One of the three winners of the $1.3 billion Powerball jackpot appeared before the press at a news conference in Salem, where he revealed that the prize will be split between himself, his wife
Apr 30, 2024, 3:56 pm - Todd - Lottery News