Welcome Guest
Log In | Register )
You last visited December 8, 2016, 12:55 am
All times shown are
Eastern Time (GMT-5:00)

Jackpots

Topic closed. 6 replies. Last post 11 years ago by CASH Only.

Page 1 of 1
PrintE-mailLink

What do we need more of?

More All-Cash Jackpots [ 12 ]  [52.17%]
More Annuity Jackpots (with cash options) [ 11 ]  [47.83%]
Total Valid Votes [ 23 ]  
Discarded Votes [ 1 ]  
Avatar

United States
Member #1826
July 11, 2003
2645 Posts
Offline
Posted: July 18, 2005, 2:16 pm - IP Logged

What do you think? Annuity jackpots are good because it gets more players thinking that the jackpot is bigger than it really is, so they buy on impulse, which gets the jackpots moving faster. On the other hand, seriously, who takes the annuity anymore anyways?

(insert signature here)

    Maverick's avatar - yinyang
    USA
    United States
    Member #8242
    October 29, 2004
    1133 Posts
    Offline
    Posted: July 18, 2005, 3:48 pm - IP Logged

    True.

    If I was a lottery official, I'd say more annuity games with cash option, to serve the people who like annuity.

    To Lotteries: Stop recording our # combinations, and figure out another way to rollover the $$$.

      dvdiva's avatar - 8ball

      United States
      Member #2338
      September 17, 2003
      2063 Posts
      Offline
      Posted: July 18, 2005, 4:34 pm - IP Logged

      People who like annuities can buy one. Leave the cash amount as the only amount just so there is truth in advertising for once. If states are also interested in drumming up sales then pass a bill at the federal level to exempt winning state lottery earnings from federal income tax. That way their games have a leg up on online games or casinos.

        Avatar

        United States
        Member #1826
        July 11, 2003
        2645 Posts
        Offline
        Posted: July 18, 2005, 5:05 pm - IP Logged

        People who like annuities can buy one. Leave the cash amount as the only amount just so there is truth in advertising for once. If states are also interested in drumming up sales then pass a bill at the federal level to exempt winning state lottery earnings from federal income tax. That way their games have a leg up on online games or casinos.

        I definately think there should be a federal standard on how to run a lottery. Such would need to enforce the following.

        •    
        • Make sure that all prizes advertised are the net result. If it's annuity, say the actual amount per year and for how many years, not the total at the end of the annuity.
        •    
        • Make sure all people above the age of majority are allowed to purchase tickets.
        •    
        • Make sure payouts are fair

        And most importantly...

        •    
        • Make sure all game are drawn with mechanical ball draw machines. 

        (insert signature here)

          RJOh's avatar - chipmunk
          mid-Ohio
          United States
          Member #9
          March 24, 2001
          19828 Posts
          Offline
          Posted: July 20, 2005, 4:30 pm - IP Logged

          I would like for the states to offer a flexible annuity plan with several choices.  Maybe offer all cash or  annuities with 10, 15 or 20 years payout and an option of taking 50% both ways.  When it comes to a $25M+ annuity, I would feel more comfortable with the State because it's backed by the tax payers.  Recently Ohio lost more than $250M of the state worker retirement funds by allowing political friends to handle the money, but the workers will still get their money even if the state has to increase taxes.  Unlike a financial planner, the state can't say "sorry" and go bankrupt and problem gone or it hasn't so far. 

          RJOh

           * you don't need to buy more tickets, just buy a winning ticket * 
             
                       Evil Looking       


            United States
            Member #379
            June 5, 2002
            11296 Posts
            Offline
            Posted: July 29, 2005, 4:18 pm - IP Logged

            MA Megastinks, OR Lose for Life, PA Unlucky for Life...they don't listen.


              United States
              Member #379
              June 5, 2002
              11296 Posts
              Offline
              Posted: July 30, 2005, 12:43 pm - IP Logged

              That's MA Mega$.uck$ to you and me.