The Ultimate Cash vs. Annuity PollPrev TopicNext Topic

• Todd

  

  50

  Chief Bottle Washer

  New Jersey
  United States
  Member #1
  May 31, 2000
  27,938 Posts
  Online
  Feb 18, 2003, 12:37 pm

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  Let's use our first poll to see how the membership really feels!  (And don't forget, always mark "cash" or "annuity" on your betslip before you play, just in case!)

   

  Check the State Lottery Report Card
  What grade did your lottery earn?

   

  Sign the Petition for True Lottery Drawings
  Help eliminate computerized drawings!
• CASH Only

  United States
  Member #379
  June 5, 2002
  11,296 Posts
  Offline
  Feb 18, 2003, 2:01 pm

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  Todd: Some players' choice might depend on whether the choice has to be made when you PLAY, or after you WIN. Seems to me _almost_everybody_ choose lump sum when the choice is after you win, but "less overwhemingly" when you have to choose when you play. Also, remember that the Mass. 6/42 and 6/49 games are still ANNUITY-ONLY.
• Todd

  

  50

  Chief Bottle Washer

  New Jersey
  United States
  Member #1
  May 31, 2000
  27,938 Posts
  Online
  Feb 18, 2003, 3:06 pm

  ▲▼

  I didn't recognize you with th

   

  Check the State Lottery Report Card
  What grade did your lottery earn?

   

  Sign the Petition for True Lottery Drawings
  Help eliminate computerized drawings!
• Thomas Covenant

  

  South Carolina
  United States
  Member #491
  July 16, 2002
  837 Posts
  Offline
  Feb 18, 2003, 8:41 pm

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  Ok, let's figure this out. Let's take the current Megamillions Jackpot. 12 million annuity, 7 million cash.
  
  Annuity is $461,538 a year for 25 years. The interest rate is about 4.5 percent. Crossing with an annuity table for inflation that gives us a $6,843,781 Present Value. So that's $7,000,000 now cash option, or $6,843,781(PV) after 25 years. Hmmmmmmm. Guess which one I would take.
  
  
  
  Even figuring in taxes there's not much of an advantage to an annuity. I don't see taxes going down in 25 years.
• gary

  

  United States
  Member #686
  September 7, 2002
  25 Posts
  Offline
  Feb 19, 2003, 12:27 pm

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  CASH

  If I win Mass 6/49 or 6/42 annuity, I will seel it to a company which will give me cash and take the annuity. There are some companies that do this
• CASH Only

  United States
  Member #379
  June 5, 2002
  11,296 Posts
  Offline
  Feb 19, 2003, 1:55 pm

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  Gary: Then you would have TWO companies making money off your winnings before you gain full control of your money-the firm selling the annuity to the Mass. Lottery, and the company buying the annuity from you. From a player's standpoint, there is absolutely NO justification for Mass. to continue requiring their 6/42 or 6/49 winners to receive annuity payments. Neither game has been changed since 1991, when only two games gave players the choice of cash instead of the annuity. The two Mass. games are the #1 reason why I want MUSL "Hot Lotto" to succeed (New Hampshire sells it; if only Connecticut and/or Rhode Island would also try it).
• lottoscorp

  United States
  Member #60
  October 28, 2001
  455 Posts
  Offline
  Feb 19, 2003, 5:41 pm

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  Todd...This is smart! Yes I am a fan of time but time does not beat Cash!

   

  lottoscorp
• CASH Only

  United States
  Member #379
  June 5, 2002
  11,296 Posts
  Offline
  Feb 26, 2003, 1:45 pm

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  No-brainer!
• CASH Only

  United States
  Member #379
  June 5, 2002
  11,296 Posts
  Offline
  Feb 28, 2003, 1:19 pm

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  Cash =
• visiondude

  

  light on my feet
  United States
  Member #356
  May 20, 2002
  2,744 Posts
  Offline
  Feb 28, 2003, 3:23 pm

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  cash, that was a good "visual

              "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
  11,296 Posts
  Offline
  Mar 18, 2003, 6:20 am

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  Todd, is Corvette making donations to you?
• Todd

  

  50

  Chief Bottle Washer

  New Jersey
  United States
  Member #1
  May 31, 2000
  27,938 Posts
  Online
  Mar 20, 2003, 4:43 am

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  Quote: O

   

  Check the State Lottery Report Card
  What grade did your lottery earn?

   

  Sign the Petition for True Lottery Drawings
  Help eliminate computerized drawings!
• CASH Only

  United States
  Member #379
  June 5, 2002
  11,296 Posts
  Offline
  Mar 24, 2003, 11:24 am

  ▲▼

  Only 40 votes so far?
• CASH Only

  United States
  Member #379
  June 5, 2002
  11,296 Posts
  Offline
  Mar 26, 2003, 4:36 pm

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  Would Saddam Hussein prefer cash or annuity?
• visiondude

  

  light on my feet
  United States
  Member #356
  May 20, 2002
  2,744 Posts
  Offline
  Mar 26, 2003, 7:17 pm

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  "so dang insane" would probably prefer annuity rather than a "lump" because that would mean he would be around longer.
  
  
  
  VDQPLS

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

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

           until further notice,  it's  france everyday