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Tax Strategies For Lottery Winners - Lump Sum vs InstallmentsReply
Lump Sum vs. Installments Lum Sum for the wisest investers, Installments are for idiots they have a saying about investments assumption is the mother of all f ups by taking the installments, are you making the assumption, the Govt bonds they buy to pay for your Annuity are better then taking the 35% full tax rate hit now, and investing all the cash into other then govt bonds i give you real numbers backed up by what a real clever invester would do right now me if i
Feb 2, 2011, 1:40 am - joshuacloak - Lottery Discussion Forum

What amount of money would you like to win?Reply
You are right! I am surprised,since you can collect all funds less taxes. So silly to make an inaccurate statement. Naturally they do have the annuity 'option' for some instant tickets or the cash4life.. The multi state jackpots allow for cash vs annuity. Mine will be cash and dash. I've zero desire or need for financial advice.
Aug 30, 2017, 1:26 am - TheGameGrl - Lottery Discussion Forum

Dropping cash values?Reply
a002,You make some valid points. The even scarier Annuity vs. Cash situation is for PA's Super 6. It hasn't been hit in like 10 months now. Well for about 9 of those months the Cash value was 50% of the annuity value. Then one foggy Friday in late May/early June they switched it. Now ever since the cash value has grown at roughly $500K per drawing and the Annuity grows at $200K.By my calculations in about another 55-60 rollovers the Cash Value will actually EXCEED the Annuity! I sincerely hope i
Aug 6, 2003, 8:04 pm - smd173 - Lottery Discussion Forum

Dropping cash values?Reply
T-Bills at 5.25%? That's a bit high, no?http://wwws.publicdebt.treas.gov/AI/OFBillsI know they're extremely stable.. but they do fluctuate. Their rates are considerably lower now than they were in 1999 for example.I'm saying that their change isn't enough to warrant Powerball and Megamillions advertising a larger annuity jackpot vs their cash amount on hand.It is also my understanding that both MM, MUSL and most lottery commissions in the US, purchase zero coupon bonds (probably STRIPS) and not
Aug 6, 2003, 7:08 pm - a002 - Lottery Discussion Forum

To FYI:
The 30-year annuity in Ohio vs the 26-year annuity for MM is _NOT_ the big reason why the percentage of the cash value of the annuity is smaller for Ohio Lotto than for MM. The Ohio Lottery uses two different interest rates to compute the cash value of the advertised annuity. The last time I checked, the interest rate for computing the cash value of the annuity is 1.5 points lower than the interest rate of the cash value PAID to winners taking the lump sum. This means that the cash value paid to
Jun 3, 2002, 1:23 pm - CASH Only - Lottery Discussion Forum

Message to Ohio Lottery players
The $13.3 million cash value in Mega Millions is over 53% of the annuity option. However, the Ohio Lotto cash value is ONLY 44% of the annuity. The extra four payments (30 total) in the Ohio Lotto annuity do not fully account for the 9-percentage-point difference in the percentage of the cash options vs the respective annuities. This proves that the Ohio Lottery continues to cheat lump-sum winners in Ohio Lotto of the FULL cash value. Something to think about now that Mega Millions is played in
May 15, 2002, 1:44 pm - CASH Only - Lottery Discussion Forum

Annuity or Cash option?Reply
For Powerball: I play Powerball in NH and while I sometimes get asked by the clerk whether I want annuity of cash, I have read on Powerball's site that you may choose cash or annuity after the drawing. I think (not sure if it's the same in all states) that you have 60 days to pick lump sum otherwise it will default to annuity.Big Game: I play in MA and MA clerks don't ask about cash vs. annuity when you buy the ticket. According to MA's lottery site, you have 60 days to choose lump sum, or other
Apr 15, 2002, 5:37 pm - someday22 - Lottery Discussion Forum

Hello everyone
Hello everyone,Great site, and this is my first post. I've been reading through some of the posts and havea question that I'm hoping someone can answer for me. There seems to be common thought from those who know that annuity options are notworth playing. I live in MA and we do have MA Millions and Megabucks which only offerannuity. My questions is WHY is that such a bad thing? Is there a better chance to endup with more of your winnings by choosing lump-sum vs. annuity? I do understand that h
Mar 28, 2002, 8:59 am - someday22 - Lottery Discussion Forum

Cash vs annuity, another factor to consider?
Looking at USA MEGA jackpot analysis for Powerball at $40 for Pennsylvania (just an arbitrafry pick) I'm wondering if the new tax rates and the current regime going after those who make so much a year wiuld be another reason ro opt for cash, a one time payout. Let's consider: Pennsylvania: No State Tax on Lottery Prizes! Your average net per year: $1,000,000 Your net payout: $18,825,000 After 30 payments: $30,000,000 Annuity Payment Schedule So for those 30 y
Feb 8, 2013, 5:32 pm - Coin Toss - Lottery Discussion Forum

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