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Powerball at 1.40 Billion after no Winner

Posted on 10/4/23 at 11:21 pm
Posted by pioneerbasketball
Team Bunchie
Member since Oct 2005
139098 posts
Posted on 10/4/23 at 11:21 pm
ESTIMATED JACKPOT
$1.40 Billion
CASH VALUE
$643.7 Million

Posted by OK Roughneck
The Sooner State
Member since Aug 2021
14815 posts
Posted on 10/4/23 at 11:29 pm to
Out of 5 lines I only got one of the numbers picked. Just wasn't my night.
Posted by DJ3K
Member since Dec 2011
7062 posts
Posted on 10/5/23 at 4:37 am to
quote:

ESTIMATED JACKPOT
$1.40 Billion
CASH VALUE
$643.7 Million

Posted by kywildcatfanone
Wildcat Country!
Member since Oct 2012
130391 posts
Posted on 10/5/23 at 5:25 am to
Are you going to tell us how you got unbanned?
Posted by CONNECTICUTTIGER
RHODE ISLAND
Member since Apr 2006
1088 posts
Posted on 10/5/23 at 5:55 am to
quote:

Out of 5 lines I only got one of the numbers picked. Just wasn't my night.


That happened for me last night AND Monday night.
Posted by LoneStar23
USA
Member since Aug 2019
5706 posts
Posted on 10/5/23 at 6:01 am to
Screw it, I'll buy a ticket after work
Posted by BlackPawnMartyr
Houston, TX
Member since Dec 2010
15867 posts
Posted on 10/5/23 at 6:03 am to
Out of state and couldnt buy a ticket. I use to be able to buy tickets on tx.lotto using my VPN set to Houston, but now they seem to see where I am even with my vpn on.
Posted by idlewatcher
Planet Arium
Member since Jan 2012
86864 posts
Posted on 10/5/23 at 6:18 am to
quote:

I use to be able to buy tickets on tx.lotto using my VPN set to Houston, but now they seem to see where I am even with my vpn on.


Looks like your VPN isn’t doing its job
Posted by DownSouthCrawfish
Lift every voice and sing
Member since Oct 2011
39646 posts
Posted on 10/5/23 at 6:19 am to
Time to play a couple tickets
Posted by deltaland
Member since Mar 2011
96949 posts
Posted on 10/5/23 at 7:24 am to
Is it me or is the cash value seem to be getting a lower and lower percentage of the jackpot than it used to be?

Seems it used to be around 60-70% now it’s not even 50%
Posted by WaydownSouth
Stratton Oakmont
Member since Nov 2018
9663 posts
Posted on 10/5/23 at 7:51 am to
Thanks Biden
Posted by bigberg2000
houston, from chalmette
Member since Sep 2005
70432 posts
Posted on 10/5/23 at 7:54 am to
It seems that the higher it gets the lower the cash percentage seems to be. I read/heard that when it gets to be high it’s best to take the annuity. Thoughts?
Posted by Lazy But Talented
Member since Aug 2011
14893 posts
Posted on 10/5/23 at 8:06 am to
quote:

Thoughts?


Gimme my money
Posted by Rendevoustavern
Member since May 2018
1699 posts
Posted on 10/5/23 at 8:10 am to
Because the annuity has the lifetime earnings built into the number. The cash value is the total $s invested “into the fund”. The math should be current cash value + annual ROI % (I think it’s between 6-8) / 30 annual payments. Should get you close to 1.4b.
Posted by VernonPLSUfan
Leesville, La.
Member since Sep 2007
17056 posts
Posted on 10/5/23 at 8:11 am to
If you have a structured settlement and you need cash now, call JG Wentworth, 877-cash now.
Posted by Breesus
House of the Rising Sun
Member since Jan 2010
67967 posts
Posted on 10/5/23 at 8:13 am to
It’s my MONEY! And I NEED IT NOW!
Posted by Rendevoustavern
Member since May 2018
1699 posts
Posted on 10/5/23 at 8:13 am to
No, definitely take cash all the time. Only reason is income tax can change causing a huge headache of future problems. Rather take the tax hit now and have the money work to earn it back.
Posted by Akit1
Baton Rouge, LA
Member since Jul 2006
8008 posts
Posted on 10/5/23 at 8:13 am to
Annuity is something like $30 million per year for 30 years = $900 mill

Or, lump sum: $600+ million

How many winners are broke in 10 years? Annuity can’t be too bad of an option.
Posted by deltaland
Member since Mar 2011
96949 posts
Posted on 10/5/23 at 8:20 am to
quote:

I read/heard that when it gets to be high it’s best to take the annuity. Thoughts?


Some say you can take cash value and invest it and get the money back you “lost” by taking the cash option. But that leaves so much money on the table especially after taxes. You might get 25% of the jackpot after taxes

But if you take the annuity you get all 1.4bn minus taxes each year. Invest just half of the annuity payments you receive each year and you’ll set your family up for generations plus it’s much easier to manage say 30 million in income each year as opposed to hundreds of millions at once. Plus with the annuity if you aren’t a disciplined financial spender it at least Guarantees you won’t go broke for 30 years.

Honestly to me if you’re under 50 years old take the annuity on an huge jackpot. Odds are you’ll live to see all the money unless you’re in poor health. If you’re older or in poor health take the cash option
Posted by keks tadpole
Yellow Leaf Creek
Member since Feb 2017
8189 posts
Posted on 10/5/23 at 8:21 am to
quote:

If you have a structured settlement and you need cash now, call JG Wentworth, 877-cash now.

I thought the same thing, ha ha,...but then I started thinking, is it possible to get a better cash-out value through a private third-party if I hand over an unsigned ticket for a lump sum after I win?
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