RE the Florida Lotto story on front pagePrev TopicNext Topic

• CASH Only

  United States
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  June 5, 2002
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  Aug 13, 2002, 7:36 am

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  If you buy tickets where the cash/annuity choice is made AFTER you win, it is VERY IMPORTANT that you check your tickets ASAP so the cash option can still be exercised (you lose the choice after 60 days). It might be "better" if the woman never found her ticket, and the $5 million or so cash value went back into the jackpot pool. What if the woman drops dead in the next few years?
• RJOh

  

  100

  mid-Ohio
  United States
  Member #9
  March 24, 2001
  20,272 Posts
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  Aug 13, 2002, 8:50 am

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  Where did you get your smarts from? How do figure that nothing is better than $364,000.00 per year for 30 yrs? It might have been better to get the cash value, but it's hard for me to figure how nothing would have been even better. I've matched 5 of 6 in the Ohio lottery for $1,500 and I thought that was better than nothing.
  
  RJOh

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

         
  
• CASH Only

  United States
  Member #379
  June 5, 2002
  11,294 Posts
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  Aug 13, 2002, 8:58 am

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  RJOh: Assuming the woman would have preferred the lump sum, she may have not have known about the 60-day period in FL to decide on cash or annuity. If that's the case, she learned a hard lesson. If she dies early in the 30-year period, her heirs MIGHT go into debt paying inheritance taxes on the winnings (I think she's NOT married, BTW).
• visiondude

  

  light on my feet
  United States
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  May 20, 2002
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  Aug 14, 2002, 4:07 pm

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  for the "lady", $364 thousand bones is way better than nothing no matter if she lived only one day after receiving her check (would have been better if she lived at least a month lol). not true for the heirs though. they are going to wish she had never won. that will be one of life's little "boat anchor". to them, "nothing" would have been better than "something"........visiondude

              "i am .........."meant to"       

  P.S.,  that RJoH  is a stand up guy.  thanks,  vision

           until further notice,  it's  france everyday
• CASH Only

  United States
  Member #379
  June 5, 2002
  11,294 Posts
  Offline
  Aug 14, 2002, 5:43 pm

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  She should have remembered to check her ticket(s) ASAP after the drawing. Her heirs will wish she claimed her ticket RIGHT AWAY assuming she would have chosen cash.