Right now the site has this listed as the current jackpot for June 3rd: Current Jackpot: $2,200,000($1,760,000 Est. Cash Option)
But after Wednesdays draw it said this: ($2,300,000 - $1,840,000 Est. Cash Option)
I know it did because I copied and pasted it into notepad where I keep track of my lines and jackpot amount. Why if no one won the jackpot on Saturday did it go down by 100,000? It should have gone up to around $2,400,000 for the next drawing.
Right now the site has this listed as the current jackpot for June 3rd: Current Jackpot: $2,200,000($1,760,000 Est. Cash Option)
But after Wednesdays draw it said this: ($2,300,000 - $1,840,000 Est. Cash Option)
I know it did because I copied and pasted it into notepad where I keep track of my lines and jackpot amount. Why if no one won the jackpot on Saturday did it go down by 100,000? It should have gone up to around $2,400,000 for the next drawing.
The cash value went up $80,000 and the fact the annuity value went down $45,000 is just another example of why taking the annuity is a bad idea. The annuity value is what the cash value can get over a period of time and interest rates very from month to month.
Idaho United States
Member #56,504
November 21, 2007
8,002 Posts
Offline
Quote: Originally posted by Stack47 on May 31, 2015
The cash value went up $80,000 and the fact the annuity value went down $45,000 is just another example of why taking the annuity is a bad idea. The annuity value is what the cash value can get over a period of time and interest rates very from month to month.
Draw #
Date
Winning #
ST Doubler
Jackpot Amount
Jackpot Winners
Where sold
Video
3308
05/30/2015
02-07-09-11-29-34
4
$2,105,329
None
3307
05/27/2015
02-09-21-33-37-46
1
$2,150,072
None
3306
05/23/2015
12-20-24-29-31-32
7
$2,055,282
None
3305
05/20/2015
04-05-18-34-35-38
6
$1,972,714
None
3304
05/16/2015
02-06-08-29-31-44
7
$1,857,286
None
3303
05/13/2015
04-13-15-17-30-47
5
$1,772,231
None
3302
05/09/2015
17-20-27-46-47-48
1
$1,685,895
None
3301
05/06/2015
04-07-29-31-39-42
5
$1,545,016
None
Yeah it does make sense to take the cash. I just thought it was strange that the cash value would go up but the annuity would go down so much.
Right now the site has this listed as the current jackpot for June 3rd: Current Jackpot: $2,200,000($1,760,000 Est. Cash Option)
But after Wednesdays draw it said this: ($2,300,000 - $1,840,000 Est. Cash Option)
I know it did because I copied and pasted it into notepad where I keep track of my lines and jackpot amount. Why if no one won the jackpot on Saturday did it go down by 100,000? It should have gone up to around $2,400,000 for the next drawing.
TSC ... I saw something like that earlier, maybe in April ... I didn't post about it. I think the annuity didn't change but the cash option went up a little and then after the next draw the annuity went up but the cash stayed the same.
I'm sure I saw this "strange thing" happen but I can't prove anything at this point ... no one posted anything also, so I figured not many people are watching the game.
I've said it before and will say it again ... this is one strange game but I still have tickets ... the fact that the jackpot never changed for five drawings ... staying at $500,000. I still thought they could add something to the pot ... even $100 if not $1000.
Yes, I am also interested in only the "cash" part of the game ... I want those Benjamins in my hand, a person can never have too many Benjamins !!!
Idaho United States
Member #56,504
November 21, 2007
8,002 Posts
Offline
"I've said it before and will say it again ... this is one strange game but I still have tickets ... the fact that the jackpot never changed for five drawings ... staying at $500,000. I still thought they could add something to the pot ... even $100 if not $1000."
Yeah, I find that weird that once the jackpot rolls over it takes multiple draws for it to start going up. I wonder why?
United States
Member #161,532
December 3, 2014
328 Posts
Offline
Quote: Originally posted by ThatScaryChick on Jun 1, 2015
"I've said it before and will say it again ... this is one strange game but I still have tickets ... the fact that the jackpot never changed for five drawings ... staying at $500,000. I still thought they could add something to the pot ... even $100 if not $1000."
Yeah, I find that weird that once the jackpot rolls over it takes multiple draws for it to start going up. I wonder why?
New Hampshire United States
Member #136,486
December 12, 2012
379 Posts
Offline
Quote: Originally posted by Stack47 on May 31, 2015
The cash value went up $80,000 and the fact the annuity value went down $45,000 is just another example of why taking the annuity is a bad idea. The annuity value is what the cash value can get over a period of time and interest rates very from month to month.
Draw #
Date
Winning #
ST Doubler
Jackpot Amount
Jackpot Winners
Where sold
Video
3308
05/30/2015
02-07-09-11-29-34
4
$2,105,329
None
3307
05/27/2015
02-09-21-33-37-46
1
$2,150,072
None
3306
05/23/2015
12-20-24-29-31-32
7
$2,055,282
None
3305
05/20/2015
04-05-18-34-35-38
6
$1,972,714
None
3304
05/16/2015
02-06-08-29-31-44
7
$1,857,286
None
3303
05/13/2015
04-13-15-17-30-47
5
$1,772,231
None
3302
05/09/2015
17-20-27-46-47-48
1
$1,685,895
None
3301
05/06/2015
04-07-29-31-39-42
5
$1,545,016
None
I would think that with these 2 or 3 million dollar jackpots that taking the annuity would make much more sense from a taxing perspective. With a lump sum payout of 1.5- 2 million you would be taxed at the highest rate and also get hit with the Obamacare tax. Breaking it up over 20 years with annual payouts of $125,000 or so would be a much more tax friendly way to take the JP. I would think anyways.
United States
Member #161,532
December 3, 2014
328 Posts
Offline
Quote: Originally posted by msharkey2001 on Jun 4, 2015
I would think that with these 2 or 3 million dollar jackpots that taking the annuity would make much more sense from a taxing perspective. With a lump sum payout of 1.5- 2 million you would be taxed at the highest rate and also get hit with the Obamacare tax. Breaking it up over 20 years with annual payouts of $125,000 or so would be a much more tax friendly way to take the JP. I would think anyways.
My thinking is that no one really knows what the tax rates could be in the future ... you have one Democratic candidate talking about a 90% tax rate less than two weeks ago.
"Bernie Sanders: A 90% tax rate sounds fine to me."
The new Democratic Governor in PA wants to start taxing lottery wins ... anybody lucky enough to win a large jackpot in PA soon will have more money in their pocket ... if future lottery money starts to be taxed.
The economy is terrible and they will be looking for money from someone ... including lottery winners.
If you get all your money up front then you can leave the country for a whole new life elsewhere and not be worrying about future checks and the IRS hunting you down.
I guess it can depend on a lot of things for each person.
Kentucky United States
Member #32,651
February 14, 2006
10,301 Posts
Offline
Quote: Originally posted by msharkey2001 on Jun 4, 2015
I would think that with these 2 or 3 million dollar jackpots that taking the annuity would make much more sense from a taxing perspective. With a lump sum payout of 1.5- 2 million you would be taxed at the highest rate and also get hit with the Obamacare tax. Breaking it up over 20 years with annual payouts of $125,000 or so would be a much more tax friendly way to take the JP. I would think anyways.
They may have overestimated the annuity and simply made an adjustment because it was going up consistently, spiked, and then show a drop. It's a 30 year annuity and probably worse if say 10 years after taking the annuity, Congress decides to tax $250,000 incomes the same as $2 million today.