Welcome Guest
Log In | Register )
You last visited January 17, 2017, 9:54 am
All times shown are
Eastern Time (GMT-5:00)

If you were a Lucky For Life winner...

Topic closed. 31 replies. Last post 11 months ago by lotteryrush.

Page 3 of 3
51
PrintE-mailLink

If you won a Lucky For Life jackpot, would you take lump sum or a daily payout for life?

Lump Sum [ 17 ]  [51.52%]
$X,000/day for life [ 15 ]  [45.45%]
Undecided [ 1 ]  [3.03%]
Total Valid Votes [ 33 ]  
Discarded Votes [ 1 ]  
ArizonaDream's avatar - Lottery-009.jpg

United States
Member #169277
October 10, 2015
630 Posts
Offline
Posted: February 2, 2016, 7:58 pm - IP Logged

Agreed, the lifetime annuity makes sense for under-40s. But at my age, lump sum it would be.  But we don't have the game here yet.

    Avatar
    New Member
    California
    United States
    Member #172794
    February 4, 2016
    13 Posts
    Offline
    Posted: February 10, 2016, 12:13 pm - IP Logged

    Lump sum at any age if you ask me. It just does not make sense to leave it in hands of lottery dept/govt or whatever you want to call it. here are the reasons

     

    1) If they go bankrupt , so do you, money stops coming, even though you can file lawsuits and stuff its just a hassle and there is no gurantee that you might get the money

    2)TAX laws might change , better to get the money now and run 

    3)Its better to have the money in your hand than in someone elses