Mega Millions: Lump Sum or Annual Payout?

[rearadmiral]

Annual.

Why the fuck would you leave all that money on the table? To the gov't, no less.

[tballa55]

Lump sum...you're probably not losing anything with all the interest it's going to make.

[mcm]

yeah 330 or 200 hmmmm

although if i was like 60 i would have to think about it

[JJ]

I'll let you know my decision after I bring my winning ticket to Lottery HQ tomorrow.

[tballa55]

Lump sum...you're probably not losing anything with all the interest it's going to make.

and the gov't is just making money off your money over that 20 years.

[Giggles]

Ummm the world ending 12/21/12 says "hello."

Lump sum please.

[SeanT]

Depends on what discount rate they use when calculating the present value. Or an easier answer is to take the lump sum since its almost 2012

[mcm]

it would be tough to make up 130 mil in interest. plus you wouldn't risk blowing it all within a few years (it would be hard to do, but still)

[mcm]

i didn't know it was 12/21/12. atleast we have almost all of 2012.

[lugnutz]

Unless you think you think you can't find a way to earn a greater rate of return then the government you better be taking the lump sum.

[tballa55]

Unless you think you think you can't find a way to earn a greater rate of return then the government you better be taking the lump sum.

[SeanT]

it would be tough to make up 130 mil in interest. plus you wouldn't risk blowing it all within a few years (it would be hard to do, but still)

[tballa55]

First purchase: I'd pay AI $2M a year to play me one on one twice a week.

[SeanT]

By the way, the PV of $300 mil using an 8% rate is about 40.5 million so its not really unheard of to make up that much interest

[Stephen Glansburg]

Lump sum!