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Canada/annuity jackpots

Topic closed. 10 replies. Last post 11 years ago by bellyache.

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Will Canada go to annuity jackpots?

Yes [ 2 ]  [33.33%]
No [ 4 ]  [66.67%]
Won't guess [ 0 ]  [0.00%]
Total Valid Votes [ 6 ]  
Discarded Votes [ 1 ]  

United States
Member #379
June 5, 2002
11296 Posts
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Posted: June 14, 2006, 12:37 pm - IP Logged

One of the biggest differences between Canadian and US lotteries is that Canadian jackpot games have always been annuity-free (jackpots automatically are paid in lump sum.) Canadian lotteries are trying annuity games on a very limited basis. Do you eventually see Canadian jackpot games switching to annuity-based jackpots (I'm sure cash option would be available).

    Jake649's avatar - scene sunovermountains.jpg

    Canada
    Member #2673
    November 2, 2003
    497 Posts
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    Posted: June 14, 2006, 9:19 pm - IP Logged

    Cash Only

    The reason for this poll is to continue the never-ending debate about cash and annuity. Do you ever get tired of the debate or do you truely have no life?

    Good luck,
    Jake

      dvdiva's avatar - 8ball

      United States
      Member #2338
      September 17, 2003
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      Posted: June 15, 2006, 12:36 am - IP Logged

      I think the games are fine as is. Only games I play are 6/49 and Super 7 though. I don't see a move to annuities any time soon.


        United States
        Member #379
        June 5, 2002
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        Posted: June 15, 2006, 11:20 am - IP Logged

        Cash Only

        The reason for this poll is to continue the never-ending debate about cash and annuity. Do you ever get tired of the debate or do you truely have no life?

        I have a job. It's at an A&P supermarket. Yes, we sell lottery tickets, and I like to tell customers that NY Lotto is a ripoff, and certain scratch games are verboten.


          United States
          Member #16612
          June 2, 2005
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          Posted: June 16, 2006, 10:11 pm - IP Logged

          My vote is no CASH Only. I rather see the Cash value for each draw. I would be surprised if they have an annunity jackpot and Cash value jackpot.


            United States
            Member #379
            June 5, 2002
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            Posted: June 19, 2006, 3:26 pm - IP Logged

            Maybe 100 years from now, it will be too hot to live in the USA. Americans will be moving north of the border by the millions. By then Canada will have annuity jackpots.

              Avatar

              United States
              Member #1826
              July 11, 2003
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              Posted: June 19, 2006, 9:58 pm - IP Logged

              Canada is pretty good about telling players exactly what they would get should they win, so I don't think they will change.

              (insert signature here)


                United States
                Member #379
                June 5, 2002
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                Posted: June 22, 2006, 11:55 am - IP Logged

                Canada is pretty good about telling players exactly what they would get should they win, so I don't think they will change.

                For the forseeable future I don't see Canada advertising annuity jackpots. In the case of their few annuity prizes, the interest portion of the periodic payments is taxable.

                  bellyache's avatar - 64x64a9wg

                  United States
                  Member #12618
                  March 18, 2005
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                  Posted: June 22, 2006, 1:05 pm - IP Logged

                  I think the games are fine as is. Only games I play are 6/49 and Super 7 though. I don't see a move to annuities any time soon.

                  I agree. Although I don't have the ability to play these games at the moment I think they are fine how they are. At the moment I think the bigger games will stay cash only, but that is not saying that annuity won't be offered in the future.

                  Dance like no one is watching.


                    United States
                    Member #379
                    June 5, 2002
                    11296 Posts
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                    Posted: June 23, 2006, 10:44 am - IP Logged

                    I think the games are fine as is. Only games I play are 6/49 and Super 7 though. I don't see a move to annuities any time soon.

                    I agree. Although I don't have the ability to play these games at the moment I think they are fine how they are. At the moment I think the bigger games will stay cash only, but that is not saying that annuity won't be offered in the future.

                    How close are you to Canada? Idaho's chimney touches the border.

                      bellyache's avatar - 64x64a9wg

                      United States
                      Member #12618
                      March 18, 2005
                      2060 Posts
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                      Posted: June 23, 2006, 12:38 pm - IP Logged

                      I think the games are fine as is. Only games I play are 6/49 and Super 7 though. I don't see a move to annuities any time soon.

                      I agree. Although I don't have the ability to play these games at the moment I think they are fine how they are. At the moment I think the bigger games will stay cash only, but that is not saying that annuity won't be offered in the future.

                      How close are you to Canada? Idaho's chimney touches the border.

                      I live in Southern Idaho, near the bottom.

                      Dance like no one is watching.