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$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

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

Kansas Powerball lottery winner claims jackpot anonymouslyReply
They actually work very hard to get bidders with the highest rates, because doing so will make the annuity jackpot higher, which in turn drives more sales. It's not like MUSL executives are hoping to pay out a lower cash jackpot, and they pocket the difference or something. They pay out whatever there is, in its entirety. In fact, Chuck Strutt (head of MUSL) posted several messages at Lottery Post describing exactly how they calculate the annuity, based upon how much cash they have. (Not t
Oct 5, 2006, 11:05 pm - Todd - Lottery News

Newspaper takes a hard look at the N.J. LotteryReply
REPLY TO CHUCK 32 FROM DEMONTERCHUCK YOU SEEM TO BE CONFUSED REGARDING THE RELATIONSHIP BETWEEN THE GROSS AMOUNT OF THE ANNUITY VS. THE CASH LUMP SUM.CHECK ANY LOTTERY FAQ SECTION REGARDING THE SETTLEMNT OPTIONS
Dec 7, 2005, 6:12 am - demonter - Lottery News

Gang used winning Pick 4 lottery tickets to launder drug moneyReply
HAPPY TUESDAY..........NOVEMBER.....1STHEY CASH CARRY............I have an impatient heart. I feel that it's bad enough that the Board puts us thru the basic waiting period to verify the Winning Ticket, but I'd hate to think we'd have to wait several weeks thru an unnecessary background Check ..and, on top of all that, we don't even get half of what we win.Steve West will not recieve 50% of that $340,000,000.00....the Fed State taxes will, together eat up more than 50% of the original figur
Nov 1, 2005, 12:37 pm - libra926 - Lottery News

Mega Millions to adjust starting jackpot amount, eliminate minimum increasesReply
Ok,.. So it's obvious again, that you don't SEE the difference in $40 Million, vs $20 Million resetjackpots.. Friday's advertised MM jackpot was $121 million and with only 8.35 million tickets sold there was only a 2.7% of somebody winning the jackpot. And if they did, considering what the World is now going through, it's plain stupid to get a 29 year annuity. We know that the increases has always reflected ticket sales from draw to draw..!! Because the with the exceptions of the s
Apr 7, 2020, 2:57 pm - Stack47 - Lottery News

POWERBALL CREATES WORLD'S FIRST BILLION-DOLLAR JACKPOTReply
. I've been thinking of annuity vs. cash payment. Annuity: more efficient spending of your doggone money Cash option: Will pretty much prevent the rare/unlikely event of an IRS computer getting a glitch, and erroneously printing some notice for you to report your local irs office.
Jan 11, 2016, 4:07 pm - Groppo - Lottery News