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60-day clock (cash v annuity)

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Almost all states (NY and Texas are the major exceptions) have a 60-day window in which to choose cash, after which you are stuck with the annuity. In most cases the 60 days start with the claim; elsewhere (eg Florida) the clock starts with the drawing. Unfortunately, not all games with a top prize paid over time have the cash option.

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maybe they should extend it?

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by the way are there any states that are annuity only?

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by the way are there any states that are annuity only?

MA Megabucks is the only jackpot game that remains annuity-only. OR Lose for Life and PA Unlucky for Life do not have a cash option. As for GA-KY-VA Lose for Life, only VA offers a cash option, according to www.valottery.com , but for weeks there has been no mention on the site of the $520,000 lump sum.

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For life games, by definition, are supposed to provide the winner with an income for life, so you shouldn't expect them to have cash options. Simply put, if you don't like those type of games, don't play them.

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For life games, by definition, are supposed to provide the winner with an income for life, so you shouldn't expect them to have cash options. Simply put, if you don't like those type of games, don't play them.

WA state Lucky for Life scratch (which replaced the online Unlucky for Life) has a $750,000 cash option. Therefore there is no excuse for other "life" games not to have the choice.

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I believe players should have to make their payment decision when they buy their ticket, but should also be able to change their mind later. That way, people like CO can take their time to claim without worrying about the, in his opinion, evil annual payments.

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My vote is for after the drawing because in CA SLP and MM tickets, they claim the jackpot within 60 days.

DoctorEw220's avatar - alien helmet.jpg

Back when Ohio has Super Lotto Plus, players had the option to change their mind if they chose the annuity. What I would do was choose annuity, and in the event that I win, and in the event that I would decide to take the cash, I would do so.

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If I ever win the jackpot, I rather claim the jackpot within 60 days of the winning jackpot. At all times, I would pick the cash option instead of annual payments.

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For life games, by definition, are supposed to provide the winner with an income for life, so you shouldn't expect them to have cash options. Simply put, if you don't like those type of games, don't play them.

WA state Lucky for Life scratch (which replaced the online Unlucky for Life) has a $750,000 cash option. Therefore there is no excuse for other "life" games not to have the choice.

Then WA Lucky for Life doubles as a normal cash prize game.

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For life games, by definition, are supposed to provide the winner with an income for life, so you shouldn't expect them to have cash options. Simply put, if you don't like those type of games, don't play them.

WA state Lucky for Life scratch (which replaced the online Unlucky for Life) has a $750,000 cash option. Therefore there is no excuse for other "life" games not to have the choice.

Then WA Lucky for Life doubles as a normal cash prize game.

If Washington state has a cash option for its lifetime scratch, then why aren't other lotteries following suit? Maybe for the same reason all lotto games used to be annuity-only; to help annuity sellers make money.

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