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If you won big - would you take the cash option or annuity?
I was curious to see what people would pick - I would have thought most would pick the cash option - control your investments, etc. However, I talked with a few people I know this last week and was surprised how many would prefer the annuity to have structured payments so they can't access the lump sum vs a trust. What do you think?
Apr 25, 2021, 4:32 pm - Unlucky-Kenny - Lottery Discussion Forum

Current Jackpots...Reply
Actually, I was referring to the text on USA Mega that deals with how the cash and annuity amounts are determined, not the annuity payout formula. The specific question to look for on the FAQ page there is Why is the cash option always a different percentage of the annuity from draw to draw? Once you have a handle on how they determine jackpot amounts (cash vs. annuity), it makes more sense as to why comparing amounts between games -- or even between drawings of the same game -- doesn't
Dec 10, 2020, 5:06 pm - Todd - Lottery Discussion Forum

$32.25 million Lotto Texas jackpot is currently the largest in the USAReply
The cash value is even better, at almost 85% of the annuity value vs about 80% for the $31 million MM annuity. The odds are almost 12 times better, too. The odds won't change, but in a little while we'll know if MM has rolled to $40 million.
Aug 14, 2020, 11:50 pm - KY Floyd - Lottery News

Michigan woman dreamed of $4M lottery win — then it happenedReply
Stack47, couldn't find anything about cash-option on the MI lottery website vs annuity for instant tickets. Whomever wrote about their website from MI how awful it is may have a point.
Mar 12, 2019, 7:01 am - Bleudog101 - Lottery News

$333 MILLION: Powerball offers up summertime richesReply
If you look back at the Powerball payouts from just a few years ago, you will see that the cash value to annuity ratio was about 55% compared to now where it is about 69-71%. This means that if the cash value of the current jackpot ($250.3 mil) was figured at the same ratio from a few years ago, the annuity jackpot amount would be advertised at about $455 mil and not $361 mil. The average lottery players may not get as excited over a $361 mil jackpot compared to when it was over $900 mil t
Jul 17, 2016, 11:36 am - TheMeatman2005 - Lottery News

Annuity or Lump Sum?Reply
u make more form lump sum, if u win just go to people who handle 100+ million in cash and how they invest they tell u to take the cash vs the annuity how is your issue, its easy to beat annuity
May 13, 2013, 6:15 pm - joshuacloak - Lottery Discussion Forum

Defense worker wins $217 million Powerball jackpotReply
Would you take the cash option if you were living in the 70s and early 80s? When taxes were 70%+? When interest rates were ~10% or nearing 20%?! You'd be poorer today than the person who took the annuity, and investing in the stock market, you would have accept considerably more risk and volatility in your portfolio vs. taking a risk-free government bond. Not always smart to take the cash option.
Feb 16, 2013, 4:46 pm - Toronto - Lottery News

$337 million Powerball jackpot ticket sold at gas station in small Michigan cityReply
I have just updated the news story to reflect the exact cash value reported to me by MUSL $244,655,690.17. (i.e., $244.7 million.) It's the second-highest cash value in history even higher than the $380 million Mega Millions jackpot on Jan. 4, 2011, when the cash value was $240 million. I'm really shocked by that, because Mega Millions almost always has a bigger cash value-to-annuity ratio, because of its fixed annuity (vs. Powerball's annually-increasing annuity), as well as Mega Million's s
Aug 16, 2012, 4:43 pm - Todd - Lottery News

New York State might "Suspend" lottery?Reply
Good point on the annuity, Keystone. This has been discussed before but when we have more inevitable Cash vs Annuity threads this situation in New York should be a default! Consider the NY lottery state government.
Jun 11, 2010, 9:40 am - Coin Toss - Lottery Discussion Forum

Powerball vs. Mega Millions...its a race!
Powerball has consistantly been ahead of Mega Millions this twin run so far in the advertised annuity jackpot. MM has been ahead on the cash option for a long time time now. The next drawing though the Mega Millions jackpot will be advertised as more. I mean look how close they are now they there is a $21 Million dollar different in the cash option. Those graduated annuities really helped out Powerball's numbers didn't they. Sales are hugely different as well. Last drawing sales for Mega Mill
Feb 26, 2009, 10:34 am - Bradly_60 - Jackpot Games Forum