Years ago Ohio had a cash box to check on its play slips but now there's no box and the jackpot winners have the first sixty days of the 180 days claim period to decide whether to take the cash value or the annuity.
Quote: Originally posted by gocart1 on Jul 9, 2009
HEY MaddMike51......................in new york state ,you have to choose at the time of purchasing the tickets........
gocart1 & LottoPools,I don't think states should make you make an important decision like that until you have a chance to your lawyer & financial advisers.I'm glad I live in a state that allows you to wait before deciding how to take your money.
Yea in NY and NJ (where I live) you have to choose the payout method should you win the jackpot right there at the store. By default though, if you buy qp's and don't say anything, it always gives you the cash value, probably because it is the overwhelmingly more popular choice. I wouldnt trust an annunuity anyway.