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NY Lotto Players, BEWARE!

Topic closed. 13 replies. Last post 14 years ago by AnnuityIsGreat.

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United States
Member #1047
January 17, 2003
348 Posts
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Posted: March 29, 2003, 10:50 am - IP Logged

NY lotto jackpot is $33M for tonite's draw.  NY gives you the option of taking ANNUITY or cash.  However, it should be the retailers responsibility to ask you before you buy the tickets.  However, in MANY cases I've heard from players that they will AUTOMATICALLY give you the cash option IF you don't say anything.  this is appalling!  they assume you'll take cash.  This is wrong.  They should be punished and be fined.  So players.. be aware and mention ANNUITY payments when you're playing for tonite's draw..  GOOD LUCK!

 

Don't blow all your winnings in one place - Choose Annuity


    United States
    Member #379
    June 5, 2002
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    Posted: March 29, 2003, 11:10 am - IP Logged

    AIG: Sounds like you should run the IRAQ lottery, if they ever start one.

      Lottowiz34's avatar - spider
      Miami,FL
      United States
      Member #760
      October 7, 2002
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      Posted: March 30, 2003, 11:22 am - IP Logged

      Annuity is the way too go,Spre


        United States
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        January 17, 2003
        348 Posts
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        Posted: March 30, 2003, 2:08 pm - IP Logged

        LottoWiz,

        You make total sense!  Keep Annuity Alive. 

        Don't blow all your winnings in one place - Choose Annuity


          United States
          Member #1047
          January 17, 2003
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          Posted: March 31, 2003, 2:53 pm - IP Logged

          Magic word for the Year:

          ANNUITY!

          Don't blow all your winnings in one place - Choose Annuity


            United States
            Member #379
            June 5, 2002
            11296 Posts
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            Posted: March 31, 2003, 6:15 pm - IP Logged

            I'd rather take up smoking than choose annuity.        (My mom died of lung cancer six years ago.)

              visiondude's avatar - eye3logo
              light on my feet
              United States
              Member #356
              May 20, 2002
              2744 Posts
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              Posted: March 31, 2003, 9:46 pm - IP Logged
              Quote:

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

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

                       until further notice,  it's  france everyday

                megamillionaire's avatar - Sphere animated_small_ neg2.gif
                Queens, NY
                United States
                Member #245
                April 15, 2002
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                Posted: April 1, 2003, 4:47 pm - IP Logged

                cash,

                      Cash

                              Cash

                                    CASH !!!!!!!!!!!!

                         

                Megamillionaire

                Time is a wonderful teacher, but it kills all its students.

                A man must consider what a rich realm he leaves when he becomes a conformist.

                  Lottowiz34's avatar - spider
                  Miami,FL
                  United States
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                  October 7, 2002
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                  Posted: April 2, 2003, 11:28 pm - IP Logged

                  AnnuityAnnuityAnnuityAnnuity

                    Blimey's avatar - box avatar.gif
                    Illinois
                    United States
                    Member #1201
                    February 27, 2003
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                    Posted: April 3, 2003, 11:18 am - IP Logged

                    If you have the the choice between annuity or one time cash payment, In my opinion.... take the cash..

                    why?  You take a one time tax hit in the beginning. You then get to make the money work for you immediately, by investing etc...

                     


                      United States
                      Member #379
                      June 5, 2002
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                      Posted: April 3, 2003, 11:50 am - IP Logged

                      Blimey: That is a VERY GOOD argument towards the lump sum. (Remember that in NY the choice is when you PLAY.)


                        United States
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                        January 17, 2003
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                        Posted: April 3, 2003, 2:00 pm - IP Logged

                        NY should always force a "Annuity Only" option like they do with those wonderful high end scratch off tickets. (ie.  Lucky 7s)

                        Don't blow all your winnings in one place - Choose Annuity

                          Lottowiz34's avatar - spider
                          Miami,FL
                          United States
                          Member #760
                          October 7, 2002
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                          Posted: April 4, 2003, 11:18 am - IP Logged

                          Good advise for those who want too invest there money

                          but for people who have other plans taking the Annuity would be just as good as taking Cash.I have a different plan that will make me more money than investing it like

                          Lump Summers would do.


                            United States
                            Member #1047
                            January 17, 2003
                            348 Posts
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                            Posted: April 5, 2003, 8:35 am - IP Logged

                            Remember to choose the Annuity Option in tonite's 38MM lotto drawing.

                            Don't blow all your winnings in one place - Choose Annuity