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WARNING: NY King Kong scratch

Topic closed. 14 replies. Last post 11 years ago by CASH Only.

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United States
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June 5, 2002
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Posted: December 2, 2005, 3:48 pm - IP Logged

Top prize paid in TWENTY-FIVE yearly installments (320k per.) If you MUST buy a King Kong ticket, play King Kong Millions, which is at $55 million with a cash option and will be drawn 12/5.

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    United States
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    July 11, 2003
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    Posted: December 2, 2005, 9:56 pm - IP Logged

    $320K? That's good money, especially when I'll be getting the same amount next year. Just put $100K per year from that into CD's and bonds, and I'll be set even past the 25 years. That's a good prize annuity or not. But then again, the odds are pretty high so what's the point of complaining. You won't be winning it.

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      United States
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      Posted: December 3, 2005, 9:41 am - IP Logged

      $320K? That's good money, especially when I'll be getting the same amount next year. Just put $100K per year from that into CD's and bonds, and I'll be set even past the 25 years. That's a good prize annuity or not. But then again, the odds are pretty high so what's the point of complaining. You won't be winning it.

      Of course I won't be winning it. I'm not playing it. You'd think it would be better to buy a $10 scratch ticket than 10 singles, but in NY that's clearly not the case.

        Raven62's avatar - binary
        New Jersey
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        Posted: December 3, 2005, 10:02 am - IP Logged

        $320K? That's good money, especially when I'll be getting the same amount next year. Just put $100K per year from that into CD's and bonds, and I'll be set even past the 25 years. That's a good prize annuity or not. But then again, the odds are pretty high so what's the point of complaining. You won't be winning it.

        Of course I won't be winning it. I'm not playing it. You'd think it would be better to buy a $10 scratch ticket than 10 singles, but in NY that's clearly not the case.

        Move to a place where the Lottery is more to your liking.

         


          United States
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          Posted: December 3, 2005, 10:06 am - IP Logged

          $320K? That's good money, especially when I'll be getting the same amount next year. Just put $100K per year from that into CD's and bonds, and I'll be set even past the 25 years. That's a good prize annuity or not. But then again, the odds are pretty high so what's the point of complaining. You won't be winning it.

          Of course I won't be winning it. I'm not playing it. You'd think it would be better to buy a $10 scratch ticket than 10 singles, but in NY that's clearly not the case.

          Move to a place where the Lottery is more to your liking.

           

          I visit Connecticut at least once a week. Their lottery is not corrupt like NY's.

            Raven62's avatar - binary
            New Jersey
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            Posted: December 3, 2005, 10:31 am - IP Logged

            $320K? That's good money, especially when I'll be getting the same amount next year. Just put $100K per year from that into CD's and bonds, and I'll be set even past the 25 years. That's a good prize annuity or not. But then again, the odds are pretty high so what's the point of complaining. You won't be winning it.

            Of course I won't be winning it. I'm not playing it. You'd think it would be better to buy a $10 scratch ticket than 10 singles, but in NY that's clearly not the case.

            Move to a place where the Lottery is more to your liking.

             

            I visit Connecticut at least once a week. Their lottery is not corrupt like NY's.

            You should report the corruption.

             


              United States
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              Posted: December 3, 2005, 4:42 pm - IP Logged

              $320K? That's good money, especially when I'll be getting the same amount next year. Just put $100K per year from that into CD's and bonds, and I'll be set even past the 25 years. That's a good prize annuity or not. But then again, the odds are pretty high so what's the point of complaining. You won't be winning it.

              Of course I won't be winning it. I'm not playing it. You'd think it would be better to buy a $10 scratch ticket than 10 singles, but in NY that's clearly not the case.

              Move to a place where the Lottery is more to your liking.

               

              I visit Connecticut at least once a week. Their lottery is not corrupt like NY's.

              You should report the corruption.

               

              Unfortunately AFAIK it's still legal for lotteries to force certain winners to receive annuity payments in lieu of cash. The bill signed in 1998 by President Clinton (the 60-day rule) did not go far enough. It should have required ALL lotteries to give ALL winners the option of taking a lump sum if the prize is advertised as an annuity.

                bellyache's avatar - 64x64a9wg

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                Posted: December 3, 2005, 6:04 pm - IP Logged

                $320,000 a year for 25 years isn't too shabby. I'd take it. It's more then I make in a year.

                Dance like no one is watching.


                  United States
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                  Posted: December 4, 2005, 1:09 pm - IP Logged

                  $320,000 a year for 25 years isn't too shabby. I'd take it. It's more then I make in a year.

                  You should be criticizing the fact it's annuity-only. What would you do if Powerball still didn't have a cash option?

                    bellyache's avatar - 64x64a9wg

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                    Posted: December 4, 2005, 1:14 pm - IP Logged

                    If Powerball was still annuity only I would probably still play. I just prefer to have my winnings in Cash.

                    Dance like no one is watching.


                      United States
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                      Posted: December 4, 2005, 1:19 pm - IP Logged

                      If Powerball was still annuity only I would probably still play. I just prefer to have my winnings in Cash.

                      Since we both prefer cash you should also be boycotting annuity-only games.

                        bellyache's avatar - 64x64a9wg

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                        Posted: December 4, 2005, 1:35 pm - IP Logged

                        The only games I play are Powerball, Wild Card 2 and Pick 3 and every once in a while I'll pick up a scratch-off. I think some of the scratch-offs are annuity only, but I don't play them that often. SO I guess I am on the side of Cash. =)

                        Dance like no one is watching.


                          United States
                          Member #379
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                          Posted: December 4, 2005, 1:38 pm - IP Logged

                          The only games I play are Powerball, Wild Card 2 and Pick 3 and every once in a while I'll pick up a scratch-off. I think some of the scratch-offs are annuity only, but I don't play them that often. SO I guess I am on the side of Cash. =)

                          belly:

                          You need to find out if the scratches (including "lifetime" games) are annuity-only, and, if so, NEVER play them. (OR Lose for Life is also forbidden.) It's not enough to play them less often. BOYCOTT.

                            bellyache's avatar - 64x64a9wg

                            United States
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                            Posted: December 4, 2005, 7:54 pm - IP Logged

                            The only games I play are Powerball, Wild Card 2 and Pick 3 and every once in a while I'll pick up a scratch-off. I think some of the scratch-offs are annuity only, but I don't play them that often. SO I guess I am on the side of Cash. =)

                            belly:

                            You need to find out if the scratches (including "lifetime" games) are annuity-only, and, if so, NEVER play them. (OR Lose for Life is also forbidden.) It's not enough to play them less often. BOYCOTT.

                            Usually the for life games (which are annuity-only) are about 10 bucks so I don't play those. I usually play the $1 or $2 scratch-offs which pay all in cash. So I guess I do play all cash games. =)

                            Dance like no one is watching.


                              United States
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                              Posted: December 11, 2005, 3:47 pm - IP Logged

                              The only games I play are Powerball, Wild Card 2 and Pick 3 and every once in a while I'll pick up a scratch-off. I think some of the scratch-offs are annuity only, but I don't play them that often. SO I guess I am on the side of Cash. =)

                              belly:

                              You need to find out if the scratches (including "lifetime" games) are annuity-only, and, if so, NEVER play them. (OR Lose for Life is also forbidden.) It's not enough to play them less often. BOYCOTT.

                              Usually the for life games (which are annuity-only) are about 10 bucks so I don't play those. I usually play the $1 or $2 scratch-offs which pay all in cash. So I guess I do play all cash games. =)

                              In NY all the $1s and $2s are good except for $2 Lose for Life. You really start to have problems with the  $5s. Forget about the $10s.