POLL: Worldwide JackpotsPrev TopicNext Topic

• Think

  

  Marquette, MI
  United States
  Member #20,540
  August 20, 2005
  1,220 Posts
  Offline
  Feb 17, 2009, 11:41 am

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  Sorry if this one has been done before but would you rather see the big jackpots ranked by Cash or annuity on the LP WW JP chart?

  I better put this in my signature before the ministry of disinformation bans it!  I'd tweet it but I have never had a twitter or facebook account (and never will)
  
  "Democracy Dies In Darkness" recognizes that a democracy cannot survive and thrive without an electorate informed with facts and truth by a free and independent press.
  
  When government or corporate interests try to control or intimidate the media for their own purposes, it is the first steps toward a totalitarian or fascist state.
  
  Paul Ivice
• diamondpalace

  

  United States
  Member #60,282
  April 12, 2008
  3,857 Posts
  Offline
  Feb 17, 2009, 12:55 pm

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  Cash. To start on the investment right away.
• tnlottodreamer

  

  Tennessee
  United States
  Member #59,919
  March 31, 2008
  305 Posts
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  Feb 17, 2009, 6:47 pm

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  I want my $$$ now.

  *** You Can't Win, If You Don't Enter***
• JWBlue

  

  San Diego, CA
  United States
  Member #58,384
  February 12, 2008
  335 Posts
  Offline
  Feb 17, 2009, 9:11 pm

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  Advertising a jackpot with the annuity amount is blatant false advertising.
• Todd

  

  50

  Chief Bottle Washer

  New Jersey
  United States
  Member #1
  May 31, 2000
  27,938 Posts
  Offline
  Feb 17, 2009, 9:54 pm

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  <Moved to Jackpot Games forum>

  Please post in the appropriate forum ... thank you.
• Guru101

  

  Indiana
  United States
  Member #48,723
  January 7, 2007
  1,961 Posts
  Offline
  Feb 18, 2009, 2:46 am

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  In response to JWBlue

  Quote: Originally posted by JWBlue on Feb 17, 2009

  Advertising a jackpot with the annuity amount is blatant false advertising.

  I disagree. The annuity amount isn't just some made up number; it is an actual prize of the game. It exists and that is what was chosen to be advertised. Both Powerball and Mega Millions have the cash value on their official websites.

  Gonna win.
• JimmySand9

  

  United States
  Member #1,826
  July 11, 2003
  2,645 Posts
  Offline
  Feb 18, 2009, 3:51 am

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  Why not both, and the ability to sort it by both.

  (insert signature here)
• JWBlue

  

  San Diego, CA
  United States
  Member #58,384
  February 12, 2008
  335 Posts
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  Feb 18, 2009, 12:10 pm

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  I disagree. The annuity amount isn't just some made up number; it is an actual prize of the game. It exists and that is what was chosen to be advertised. Both Powerball and Mega Millions have the cash value on their official websites."

   

  Then why not advertise an annuity paid over a billion years?  Then they can advertise any amount they want.

   

  90% of people take the cash value.  That is what should be advertised.  Essentially, the lottery is saying, we are going to take YOUR winnings and invest it this way.  Why should they have the right to invest your winnings?
• RJOh

  

  100

  mid-Ohio
  United States
  Member #9
  March 24, 2001
  20,272 Posts
  Offline
  Feb 18, 2009, 12:37 pm

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  In response to JWBlue

  Quote: Originally posted by JWBlue on Feb 17, 2009

  Advertising a jackpot with the annuity amount is blatant false advertising.

  Advertising annuity amounts of the top prize is not only done with lottery jackpots but also in contests like those held by Publisher Clearing House and Reader Digest. 

  Admittedly it's can be confusing but it's not false.  For example the present PowerBall jackpot is advertised as being larger than the MegaMillions jackpot but the cash value of the MegaMillions jackpot is actually larger but every website that advertises those jackpots also show their cash value.  Knowint that, it's up to the jackpot winners to decide if they want the cash to invested in their own way or allow the lottery to invest it for them and pay them an annual check over the period of the annuity.

  The custom seems to be an American tradition and not done in other parts of the world.

   * you don't need to buy every combination, just the winning ones * 

         
  
• Prob988

  

  New Jersey
  United States
  Member #21,205
  September 4, 2005
  963 Posts
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  Feb 18, 2009, 9:16 pm

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  I absolutely agree, particularly because Powerball hypes its smaller jackpot by time graduation of the annuity.     Mega pays equal installments.

  The annuities are, I note, invested in government securities which may not be worth a dime in 30 years.

  With the higher odds, the Powerball jackpot has the lowest expectation value ever.