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Annuity Option
Something I have thought about recently is how you don't see many jackpots being paid out in annuities. Now granted lotteries still offer them, but almost every lottery winner (Thanks to MA, it isn't 100%) has taken the cash option. I can understand both sides here (Instant gratification vs. Financial security, Waiting for the next payment vs. Going broke quickly), but I think that the annuitized jackpot may become a thing of the past soon. As much as I would like the idea of getting an annual i
Feb 10, 2011, 8:30 pm - DoctorEw220 - Lottery Discussion Forum

Story: Once upon a time an LP memberReply
The monkey remembered and asked her about Tarzan. She said, We think he hit a jackpot, he's disappeared, stopped posting, and is believed to be somewhere in some kind of lotto winners protection program. The last thing anyone here ever remembers him talking about was cash vs annuity, remaining anonymous, and quick picks.
Jun 7, 2007, 1:53 pm - Coin Toss - Lottery Discussion Forum

Random Generation of QuickpicksReply
This question -- about where the Quick Pick numbers are generated -- comes up almost as often as the cash vs. annuity debate. Is anyone prepared to say that the quick picks are chosen from the store terminals for ALL State lotteries? Do all lotteries release information about how many quick picks win from each terminal? Naturally, I am more interested in knowing what Michigan does but am interested in all the States as well.
Jan 19, 2007, 5:56 pm - truecritic - Lottery Discussion Forum

a poll about annuities and lump sumReply
Cash lump sum is better; you can take your own annuity or invest it. same as social security. If you take at 62, say get $1500.00 month vs. 65, that's 52,000 in hand more than waiing until 65 with an increase. Life is not written in stone; every day get more precious. Of course if you have a geat job, then not good. And who knows how long you will make around the bend. Who says you wil be around in so many years, and if it is not transferrable to a bene, tough. Show me the money.
Nov 6, 2006, 6:27 pm - lorramil - Lottery Discussion Forum

Annuity vs. Cash AnalysisReply
Of course, when deciding on cash vs annuity just perhaps things like the Mayan prophecy about 12-21-2012 should be considered. Google that one, Mayans + 12-21-2012
Oct 29, 2006, 11:04 pm - Coin Toss - Lottery Discussion Forum

Financial analyst looks at lottery jackpot cash/annuity optionsReply
A recent Powerball jackpot winner chose a one-time, pretax cash payment of $34,662,300.66 vs. $59.5 million in 30 annual payments with the first payment at the beginning of year one. This equates to an annual interest rate of about 4.26 percent. The only thing wrong with that analysis is I would BET the PowerBall winner would NOT have $34.6 million to invest by the end of the month. He might have 30 million or 25 million. THEN, he would invest the rest. You have 34.6 million and you are goin
Aug 24, 2005, 12:58 am - ChazzMatt - Lottery News

Powerball Jackpot Climbs to $205 MillionReply
I remember the first 1 million dollar jackpot game I ever played.Back then it seemed like a whole lot of money,and it wasn't that long ago. Now it seems that we have to have 100 MILLION PLUS jackpots to get anybody's. Is that how much people feel they need to make their lives better. As far as annuity vs. cash option I'm on the fence. I can only hope to win,but Idon't play to win. remember to play responsibly. Only play what you can afford to lose.GOOD LUCK TO ALL!
May 7, 2004, 4:43 pm - avore - Lottery News

win Win WIN The Lotto Texas jackpot $37MReply
Orange:Even if you ask for quick-picks , PA Super-6 is a game that was questionable when it began nearly five years ago, long before PA joined MUSL/PB.Super-6's jackpot odds per dollar are 1 in just under 40 million, vs 1:47.7 million in the new Lotto Texas. PA has a significantly lower population base than TX.The cash value of Super-6 is 50% of the annuity, while the percentage is markedly higher for Lotto Texas (even though there is one more annuity payment in Super-6).smd173 may believe th
Jun 6, 2003, 9:52 am - CASH Only - Jackpot Games Forum

is this a new lottery system?Reply
ugg, just like the cash option vs. annuity ongoing tirade, this arguement has been beat to death, but I'll summarize:EVERY ticket bought has the same odds of winning: 1 in 16 million {or whatever your lottery is odd-wise} Overall you have more chances if you buy more tickets, and that helps you win. But the odds per ticket, which are based on math, doesn't change.I was making a joke about dowjones' math cuz I really wish it worked that way, then you'd have to only buy a certain $ amount and be g
May 22, 2003, 1:33 pm - Rebeckah - Lottery Discussion Forum

Billion-dollar jackpot for Mega Millions?Reply
MUSL does not want us to win a small amount this time. The lotteries control how much is won by either skimming straight off the top or by setting the odds and letting probability take care of the rest. Their only interest in how much anyone wins is the publicity they get from advertising the win. They want to advertise big jackpots to boost sales, but they're probably just as happy with 2 or 3 winners splitting the money as they are with 1 person getting it all. They might even prefer mult
Dec 7, 2019, 1:39 pm - KY Floyd - Jackpot Games Forum