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One Michigan lottery ticket wins $842.4 million Powerball jackpotReply
What's the alternative. No lottery. Everyone knows the lump sum is all that is in a jackpot. The lure is what the annuity would be is the jackpot you see. Taxes are taxes. No escaping the taxes. You just accept what you get and be happy about it. They are not about to all of a sudden announce, no more taxes on excessive lottery winnings.
Jan 4, 2024, 9:20 pm - billybucks - Lottery News

$1.23 BILLION: Powerball jackpot juggernaut keeps rollingReply
The Saturday jackpot was raised to $1.3 billion , with a cash option of $608.9 million . I'm wondering if they managed a typo for the cash value. If the cash:annuity ratio stayed the same it would be $628.9 million cash. If it's really $6 0 8.9 that's a pretty big change in interest rates, and a fairly big coincidence that the difference is an even $20.0 million. The TX website hasn't posted the worksheet yet, but that should give us the answer if MUSL doesn't make a change first.
Apr 5, 2024, 12:51 pm - KY Floyd - Lottery News

$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

Lotto JokesReply
Did you hear about MUSL's PB forecast for a rollover? The annuity will increase by $8 million but the cash value will only go up $4 million .
Dec 16, 2023, 12:33 am - KY Floyd - Lottery Discussion Forum

Poll: Classic Mega MillionsReply
Get your point. But...interest rates control the difference between annuity prize and cash value prize. MM cash value for Tuesday draw is $175.4 million. That's enough for me. In fact, at my age, $1 million ($630,000 after fed taxes) is enough for me.
Dec 3, 2023, 12:00 pm - rcbbuckeye - Lottery Discussion Forum

North Carolina 18-year-old wins $1 million in lottery after asking sister to buy ticket for himReply
Congratulations young man, ...good choice on the annuity the Audi... ps: i love the fam photo with Mom Grand-mom helping to hold up that check
May 26, 2024, 11:47 am - rubyred - Lottery News

North Carolina 18-year-old wins $1 million in lottery after asking sister to buy ticket for himNews Story
Young winner decides against the lump sum By Kate Northrop A North Carolina man won a $1 million top prize in the lottery after he gave his sister some money to purchase a ticket on his behalf. An 18-year-old North Carolina resident ended up winning $1 million in the North Carolina Lottery after asking his sister to pick up a ticket for him. Jalen McLean, 18, of Raleigh, was all grins from the instant he found out he won a million dollars to the moment he held up the giant ceremo
May 26, 2024, 7:49 am - Todd - 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

Virginia man who won $1,000 a week lottery prize in Cash4Life says it's just "good"Reply
I believe this happened in Va as well..... There was a story a few years ago where someone asked for a MM or PB ticket and by mistake the clerk hit the wrong button and printed a Cash4Life ticket. The customer didn't want the mistake ticket and the clerk paid for it. That night the mistake ticket won that clerk $7,000,000 since the ticket ended up winning the grand prize and he took cash value instead of the annuity.
Dec 25, 2023, 8:50 pm - TheMeatman2005 - Lottery News