Something looks a bit odd with MM jackpot & cash option.Prev TopicNext Topic

• Rexer90

  

  LA Ca.
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  Mar 7, 2020, 3:23 pm

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  Jackpot rolled over & increased by $5M from $70M to $75M

   

  Yet the cash option went from $52.7M to $60.7M.. an increase of $8M
• KY Floyd

  

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  Mar 7, 2020, 6:04 pm

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  And?
• Rexer90

  

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  Mar 7, 2020, 10:39 pm

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  and.. since when did the cash option increase by more than the rollover increase?
• rcbbuckeye

  

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  Mar 8, 2020, 6:00 pm

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  In response to Rexer90

  Quote: Originally posted by Rexer90 on Mar 7, 2020

  and.. since when did the cash option increase by more than the rollover increase?

  I've seen that happen before. I may be mistaken , but the annuity amount is determined by current interest rates, or what it would cost to purchase the annuity based on what the cash amount is.

  CAN'T WIN IF YOU'RE NOT IN

  A DOLLAR AND A DREAM (OR $2)
  
• Ranett

  

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  Mar 8, 2020, 9:10 pm

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  The Feds did announce a rate cut last week.
• KY Floyd

  

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  Mar 9, 2020, 3:18 am

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  In response to Rexer90

  Quote: Originally posted by Rexer90 on Mar 7, 2020

  and.. since when did the cash option increase by more than the rollover increase?

  I'm not sure if it's happened before, but the annuity is always an imaginary amount based on what can be bought with the cash value. Because interest rates got cut between jackpot estimates the size of the annuity that can be bought with a given amount of cash went down.

  Of course most people who don't work for the lotteries realize that the cash value is the only thing that matters, and the cash value will go up based on actual ticket sales.  Those who work in marketing for the lottery like to use the imaginary and inflated annuity value because it's more than the cash value, but in this particular instance it means they're advertising an increase of $5 million even though a winner will almost certainly take the cash and get about $8 million more than if they'd won last Friday.
• Rexer90

  

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  Mar 14, 2020, 12:36 am

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  Tonight it rolled over by $10M from $80M to $90M.. yet the cash option increased by less than it did from $75M to $80M ($4M vs $4.7M).
• Stack47

  

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  Mar 15, 2020, 8:46 pm

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  In response to Ranett

  Quote: Originally posted by Ranett on Mar 8, 2020

  The Feds did announce a rate cut last week.

  Saw that. Wonder how that will effect savings accounts?

  "When will we ever learn?"
• Rexer90

  

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  Mar 23, 2020, 12:38 am

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  Market is really messing with payouts etc.

  MM went from $96M to $101M which is the minimum, but the cash payout option only went from $76M to $76.5M
• SaraAnnRapp

  

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  Mar 24, 2020, 10:55 am

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  In response to Rexer90

  Quote: Originally posted by Rexer90 on Mar 23, 2020

  Market is really messing with payouts etc.

  MM went from $96M to $101M which is the minimum, but the cash payout option only went from $76M to $76.5M

  Oh no, that's not a good thing.

  MM is my game of choice right now. Granted, this doesn't appear to affect the lower tier prizes but still it's disheartening.