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Jackpot Analysis

Topic closed. 3 replies. Last post 8 years ago by Todd.

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United States
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March 25, 2008
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Posted: September 13, 2008, 2:18 pm - IP Logged

Are those amounts listed under Jackpot analysis pretty accurate as far as what we would receive if we were to take the annuity or cash option?


When I win tonight, I will get $43,174,800 with the cash option. I'm ecstatic! Party

 

Brb planning my investments and the rest of my life. Haha, just kidding. It would be nice though!


    United States
    Member #17555
    June 22, 2005
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    Posted: September 14, 2008, 1:45 am - IP Logged

    Yes. Lottery officials rarely play pranks on the public. 

     

    Jester

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      Posted: September 14, 2008, 8:52 am - IP Logged

      Haha, well wouldn't LP be in charge of those estimates?

        Todd's avatar - Cylon 2.gif
        Chief Bottle Washer
        New Jersey
        United States
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        May 31, 2000
        23269 Posts
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        Posted: September 14, 2008, 9:09 am - IP Logged

        Are those amounts listed under Jackpot analysis pretty accurate as far as what we would receive if we were to take the annuity or cash option?


        When I win tonight, I will get $43,174,800 with the cash option. I'm ecstatic! Party

         

        Brb planning my investments and the rest of my life. Haha, just kidding. It would be nice though!

        It is a good estimate of what you will get after taxes.  It is not exact, simply because there is no way to determine in advance the exact number of tickets that will be sold.  When someone wins a Powerball jackpot, the exact jackpot is paid out based on actual ticket sales, and it is usually close to what they estimated the jackpot to be, but it is never exactly dollar-for-dollar the same.

         

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