Annuity jackpot increased by 1 million but lump sum only increased by 100 thousands?Prev TopicNext Topic

• redhot7

  

  California
  United States
  Member #112,359
  June 17, 2011
  661 Posts
  Offline
  Jul 17, 2013, 11:19 pm

  ▲▼

  The California Super Lotto Plus jackpot increased from 33 millions to 34 millions but the lump sum option only increased from 19.9 millions to 20 millions. How come the lump sum option only increased by 100 thousands while the corresponding annuity option increased by 1 million?
• billionaire2bee

  United States
  Member #130,809
  July 25, 2012
  1,636 Posts
  Offline
  Jul 18, 2013, 8:01 am

  ▲▼

  Im just guessing that since the annuity is paid over time it would equal to that difference in the cash value taking up front....but like I said Im just guessing
• Jon D

  

  Los Angeles, California
  United States
  Member #103,809
  January 5, 2011
  1,530 Posts
  Offline
  Jul 18, 2013, 8:45 am

  ▲▼
  In response to redhot7

  Quote: Originally posted by redhot7 on Jul 17, 2013

  The California Super Lotto Plus jackpot increased from 33 millions to 34 millions but the lump sum option only increased from 19.9 millions to 20 millions. How come the lump sum option only increased by 100 thousands while the corresponding annuity option increased by 1 million?

  Where'd ya get 19.9 from? I show 19.3 last draw.
• redhot7

  

  California
  United States
  Member #112,359
  June 17, 2011
  661 Posts
  Offline
  Jul 18, 2013, 7:42 pm

  ▲▼
  In response to Jon D

  Quote: Originally posted by Jon D on Jul 18, 2013

  Where'd ya get 19.9 from? I show 19.3 last draw.

  I am pretty sure it was 19.9 millions because I copied and pasted the number to my Excel before the drawing was closed.
• Jon D

  

  Los Angeles, California
  United States
  Member #103,809
  January 5, 2011
  1,530 Posts
  Offline
  Jul 18, 2013, 8:30 pm

  ▲▼
  In response to redhot7

  Quote: Originally posted by redhot7 on Jul 18, 2013

  I am pretty sure it was 19.9 millions because I copied and pasted the number to my Excel before the drawing was closed.

  I'm pretty sure you're mistaken.

  Do a Google search for "ca lottery superlotto plus cash value july 17 2013" and look at the content of the results.

  All the top results with cached info show:

  Jul 17, 2013. Estimated  Cash Value: $19,300,000
• redhot7

  

  California
  United States
  Member #112,359
  June 17, 2011
  661 Posts
  Offline
  Jul 19, 2013, 10:15 pm

  ▲▼
  In response to Jon D

  Quote: Originally posted by Jon D on Jul 18, 2013

  I'm pretty sure you're mistaken.

  Do a Google search for "ca lottery superlotto plus cash value july 17 2013" and look at the content of the results.

  All the top results with cached info show:

  Jul 17, 2013. Estimated  Cash Value: $19,300,000

  Thanks. I stand corrected.