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Jackpot : Annuity vs cash value
There is a discussion in the MM thread about taking the annuity vs cash value. I thought taking the cash value is 100% the right decision. Long term investments will almost always beat the return of a annuity right?
Aug 8, 2023, 10:58 am - JWBlue - Jackpot Games Forum

Lotto America 2019Reply
Anyone have a reasonable explanation for some of these wacky increases with the jackpot annuity vs cash value ? The cash value is right at 60%+/- of the Annuity Value on the average. On this last draw, how does the annuity value go up $470,000 and the cash value only go up $130,000 ??? That is not even 28%. Go back earlier in this thread and look on page #6. On Saturday January 23rd of this year, the Jackpot Annuity went up $80K and the Cash Value went up $100K from the previous draw....That'
Mar 3, 2019, 9:15 am - CDanaT - Jackpot Games Forum

California Super Lotto PlusReply
It appears every time I read one of your responses regarding jackpot sizes, you demonstrate a lack of understanding of annuity vs cash value of jackpots. Given you have posted over 800 times, you must of read thousands of posts and still you lack a clear understanding.
Aug 1, 2017, 12:17 am - winoneday - Jackpot Games Forum

Wonder where the other half of 390 mill is?Reply
Maybe a financial planner isn't the first person to call, but I certainly wouldn't claim my prize before seeking legal counseling. Regarding the annuity vs cash question, I wouldn't leave that up to anyone else. However, I would review various investment options and spend time running some numbers. Then I would decide what was the best choice for my individual personality and lifestyle. Have you ever seen Deal or No Deal? The audience is always yelling No Deal because it's not their money.
Mar 14, 2007, 12:19 am - justxploring - Jackpot Games Forum

Tonight’s PB, fun facts...
The posted annuity value is $90,000,000, this is a payout of $2,190,000 per year... of that amount, they only withhold 27%, leaving you responsible for paying the additional 8% ($240,000) for a realistic total of $1,950,000. Not bad... total payout will be $58,500,000The posted Cash value is $50,200,000, this is a one-time payout of $36,646,000... you will need to also pay the remaining 8% not withheld by MUSL ($4,016,000) leaving you with a one-time payment of $32,630,000 after all taxes are p
Mar 13, 2004, 6:27 pm - hypersoniq - Jackpot Games Forum

MM jackpot $47M/$36.1M and PB jackpot $50M/$33.3Reply
If you want to compare PB and MM jackpot amounts and increases, you can only compare the cash values. As everyone SHOULD know, the annuity jackpot estimate is calculated based on the cash that is estimated to be on-hand. Since PB and MM have different annuity lengths (29 vs. 25 years) and different payout increments (annually-increasing vs. fixed year-to-year), it is not valid to compare the annuity jackpot amounts as a raw number. Only the cash values can be compared as raw numbers. I'm not
Jun 25, 2012, 10:52 pm - Todd - Jackpot Games Forum

Powerball $85 MillionReply
Kristin,It's the first time I've ever seen them track so closely. However, they are deceptively different -- even though the advertised jackpots are the same, the cash options are much different. MM is $50 million cash vs. PB $46 million. The annuity jackpots are the same only because Powerball uses a longer payoff period (30 years) vs. MM's 26-year payoff.I'd rather win the Mega Millions jackpot right now!
Jan 31, 2004, 10:51 pm - Todd - Jackpot Games Forum

MM Cash Value Exceeds Powerball
The Mega Millions cash value is now at $43 million, while Powerball's is at $41 million - and they both started at $10 million on the same draw cycle. Yet, Powerball still takes the top prize because of its longer annuity period (30 PB vs. 26 MM payments).Mega Millions would do well to extend their annuity period to 30 years, since they have now proved they have the horsepower to roll faster than Powerball.When the next (final?) big state signs on to Mega Millions, they're going to be a far ahe
Jan 29, 2004, 8:57 am - Todd - Jackpot Games Forum

Ohiosuperlotto $21M..04/09/03Reply
RJ: I knew that.What I meant was, the 50% cash value of the annuity (vs 44% until November) means that the cash value of a $21m Ohio 6/49 annuity is about $1.25 million more than that of a $21m jackpot a few months ago.
Apr 9, 2003, 3:22 pm - CASH Only - Jackpot Games Forum

To Powerball-Ohio 6/49 playersReply
Wishin: The Ohio 6/49 cash option percentage should be found on an interior page (look for the list of games.) Many single-state games do not give the cash option amount/percentage (although both MM/PB give the cash value amount) since interest rates fluctuate. You should be able to find within the Illinois website past Lotto winners; hopefully (they chose CASH :) the cash option amount and the annuity amount are listed; then you'd be able to compute the cash value % vs the annuity.
Oct 6, 2002, 1:48 pm - CASH Only - Jackpot Games Forum