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DO you really lose money if u take the annunity over the lump sum?

Topic closed. 125 replies. Last post 4 years ago by rdgrnr.

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RJOh's avatar - chipmunk
mid-Ohio
United States
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March 24, 2001
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Posted: August 10, 2012, 1:00 am - IP Logged

Take the cash while it's still worth something and buy things with it that people will always need or want.

What people need and want today is tommorow's junk.

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

    four4me's avatar - gate1
    MD
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    June 18, 2003
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    Posted: August 10, 2012, 1:06 am - IP Logged

    What people need and want today is tommorow's junk.

    Thank you,... it's all junk.

    Big John says. You don't hit the number. The number hits you!!!!

                   I'm not Big John, I'm Four4me, Big John's a friend.
      time*treat's avatar - radar

      United States
      Member #13130
      March 30, 2005
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      Posted: August 10, 2012, 1:13 am - IP Logged

      What people need and want today is tommorow's junk.

      What I need today is tomorrow's winning numbers. Banana

      In neo-conned Amerika, bank robs you.
      Alcohol, Tobacco, and Firearms should be the name of a convenience store, not a govnoment agency.

        RJOh's avatar - chipmunk
        mid-Ohio
        United States
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        March 24, 2001
        19816 Posts
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        Posted: August 10, 2012, 1:16 am - IP Logged

        Thank you,... it's all junk.

        Computer owners know that better than most, today's must have computer will be replaced in six months by something better and cheaper.

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

          savagegoose's avatar - ProfilePho
          adelaide sa
          Australia
          Member #37136
          April 11, 2006
          3300 Posts
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          Posted: August 10, 2012, 1:19 am - IP Logged

          What I need today is tomorrow's winning numbers. Banana

          lol Bananaright on i can see the tv ad now

           

          the apple number picker, tomorrow's numbers picker today

          2014 = -1016; 2015= -1409; 2016 JAN = -106; FEB= -81; MAR= -131; APR= - 87: MAY= -91; JUN= -39; JUL=-134; AUG= -124; SEP = -123; OCT= -84  NOV=- 73 TOT= -3498

          keno historic = -2291 ; 2015= -603; 2016= JAN=-32, FEB= +12 , MAR= -86, APR = -77. MAY= -48, JUN= -29, JUL=-71; AUG = -52; SEPT= -43; OCT = +56 NOV = -33 TOT= -3297

            RJOh's avatar - chipmunk
            mid-Ohio
            United States
            Member #9
            March 24, 2001
            19816 Posts
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            Posted: August 10, 2012, 1:22 am - IP Logged

            What I need today is tomorrow's winning numbers. Banana

            After tomorrow you won't need them anymore even if someone is willing to give them to you.

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

              Avatar
              Delaware
              United States
              Member #93503
              July 1, 2010
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              Posted: August 10, 2012, 1:26 am - IP Logged

              My thinking is.. your better off then most of the country either way you go.


                United States
                Member #130815
                July 25, 2012
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                Posted: August 12, 2012, 12:28 pm - IP Logged

                Coin toss read your fine print on your state lotto rules....the lotto take half of the jackpot upfront cause the amount shown is an estimated value of the actual prize..i.e.  half of 253 million is 126.5 million

                  Coin Toss's avatar - shape barbed.jpg
                  Zeta Reticuli Star System
                  United States
                  Member #30470
                  January 17, 2006
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                  Posted: August 12, 2012, 1:25 pm - IP Logged

                  Coin toss read your fine print on your state lotto rules....the lotto take half of the jackpot upfront cause the amount shown is an estimated value of the actual prize..i.e.  half of 253 million is 126.5 million

                  billionaire2bee,

                  Then why is the current PB JP of $305 Million given a cash value of $203.3 Million?

                  By your theory it should be $152.5 million, no?

                  As far as the $305 million, that's the 'advertised' jackpot. There is a differnce between advertised and cash option because there is no $305 million (or any other lottery game advertised jp) set aside by PB or any other lottery to pay a winner with.

                  Those who run the lotteries love it when players look for consistency in something that's designed not to have any.

                  Lep

                  There is one and only one 'proven' system, and that is to book the action. No matter the game, let the players pick their own losers.


                    United States
                    Member #116268
                    September 7, 2011
                    20244 Posts
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                    Posted: August 12, 2012, 1:30 pm - IP Logged

                    billionaire2bee,

                    Then why is the current PB JP of $305 Million given a cash value of $203.3 Million?

                    By your theory it should be $152.5 million, no?

                    As far as the $305 million, that's the 'advertised' jackpot. There is a differnce between advertised and cash option because there is no $305 million (or any other lottery game advertised jp) set aside by PB or any other lottery to pay a winner with.

                    That last part doesn't make sense Coin Toss, how could the money NOT be set aside??? Are you saying they spend it as fast as they get it and therefore they is no actual money for a winner?


                      United States
                      Member #128790
                      June 2, 2012
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                      Posted: August 12, 2012, 1:33 pm - IP Logged

                      coin is right ronnie, that's why they hope no one wins. If there is a winner, they have to ask congress for a loan and that's why it takes 2 weeks to get your first JP check.

                        Coin Toss's avatar - shape barbed.jpg
                        Zeta Reticuli Star System
                        United States
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                        January 17, 2006
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                        Posted: August 12, 2012, 1:42 pm - IP Logged

                        That last part doesn't make sense Coin Toss, how could the money NOT be set aside??? Are you saying they spend it as fast as they get it and therefore they is no actual money for a winner?

                        Ronnie316,

                        It's one of the things I leanred here at LP.

                        The advertised jackpot, as a 'stash of cash' does not exist. The advertsied jackpot is what an annuity paid out over a number of years would be (pre-tax).

                        That's why the lump sum is a lesser amount.

                        Should someone win the PB Wednesday night and say "Pay me the $305 million now", well, there is no $305 million set aside to pay someome with.

                        Those who run the lotteries love it when players look for consistency in something that's designed not to have any.

                        Lep

                        There is one and only one 'proven' system, and that is to book the action. No matter the game, let the players pick their own losers.


                          United States
                          Member #116268
                          September 7, 2011
                          20244 Posts
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                          Posted: August 12, 2012, 1:45 pm - IP Logged

                          coin is right ronnie, that's why they hope no one wins. If there is a winner, they have to ask congress for a loan and that's why it takes 2 weeks to get your first JP check.

                          You make a good point onlymoney but consider the MM Jackpot I won Friday ............

                          Friday, August 10, 2012     10 · 18 · 36 · 38 · 44    + 08    4     $29 Million

                          And the check I would (hypothetically) receive on Monday down at the Lottery office.

                           

                           

                          Annuity Cash

                          Mega Millions Jackpot for Aug. 10, 2012   

                          $29,000,000

                          $22,000,000

                           
                          Gross Prize26 annual payments of $1,115,385
                          Lump-sum cash: $22,000,000
                          - 25% Federal Tax- $278,846
                          - $5,500,000
                          Subtotal
                          $836,539

                          $16,500,000
                          - State Tax:

                          Arizona: 5% State Tax for In-State Residents- $55,769
                          - $1,100,000
                          Your net per year: $780,770Your net payout: $15,400,000
                          After 26 payments: $20,300,020

                           $15,400,000........... LOOKS PRETTY CLOSE TO HALF, IF YOU ASK ME.............

                            rdgrnr's avatar - walt
                            Way back up in them dadgum hills, son!
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                            Posted: August 12, 2012, 1:55 pm - IP Logged

                            What people need and want today is tommorow's junk.

                            I wasn't talking about consumer goods and the latest gadgets.

                            More along the lines of real estate, farmland and water.

                              haymaker's avatar - Lottery-012.jpg
                              Egg Harbor twp.south Jersey shore
                              United States
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                              June 29, 2011
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                              Posted: August 12, 2012, 2:03 pm - IP Logged

                              I wasn't talking about consumer goods and the latest gadgets.

                              More along the lines of real estate, farmland and water.

                              Yea, real estate, cause their not making it anymore,

                              except maybe hawaii, where they can't shut off that volcano.

                              Extraordinary Popular Delusions & the Madness of Crowds    -- Charles Mackay  LL.D.