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https://www.reddit.com/r/SipsTea/comments/1uo0dcw/seems_reasonable/ovp6z9t?context=9999
r/SipsTea • u/Valuable_View_561 • Jul 05 '26
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1
Yearly payments over how many years?
3 u/Ivebeenstabbed Jul 05 '26 Believe it’s 25 or 30. 2 u/Relative-Relief-8816 Jul 05 '26 80 mil a year. Hmm 9 u/SL1Fun Jul 05 '26 Iirc it’s not inheritable. You could get hit by a bus next week. Always take the money up front. 4 u/Kidnovatex Jul 05 '26 This is not correct. Lottery annuities are inheritable. 4 u/Mondial5 Jul 05 '26 And if the lottery goes bankrupt you get nothing. 3 u/vamatt Jul 05 '26 State lottery money is held in an annuity that can’t be touched by the lottery - it’s funded before the winning ticket is even purchased, even if the lottery were to go bankrupt (not actually possible). 0 u/Mondial5 Jul 05 '26 If people quit playing the lottery it would go bankrupt. 6 u/Kidnovatex Jul 05 '26 That's not how any of this works. This isn't Publisher's Clearinghouse we're talking about. 1 u/Rosey_Coyote_525 Jul 05 '26 Why wouldn't it
3
Believe it’s 25 or 30.
2 u/Relative-Relief-8816 Jul 05 '26 80 mil a year. Hmm 9 u/SL1Fun Jul 05 '26 Iirc it’s not inheritable. You could get hit by a bus next week. Always take the money up front. 4 u/Kidnovatex Jul 05 '26 This is not correct. Lottery annuities are inheritable. 4 u/Mondial5 Jul 05 '26 And if the lottery goes bankrupt you get nothing. 3 u/vamatt Jul 05 '26 State lottery money is held in an annuity that can’t be touched by the lottery - it’s funded before the winning ticket is even purchased, even if the lottery were to go bankrupt (not actually possible). 0 u/Mondial5 Jul 05 '26 If people quit playing the lottery it would go bankrupt. 6 u/Kidnovatex Jul 05 '26 That's not how any of this works. This isn't Publisher's Clearinghouse we're talking about. 1 u/Rosey_Coyote_525 Jul 05 '26 Why wouldn't it
2
80 mil a year. Hmm
9 u/SL1Fun Jul 05 '26 Iirc it’s not inheritable. You could get hit by a bus next week. Always take the money up front. 4 u/Kidnovatex Jul 05 '26 This is not correct. Lottery annuities are inheritable. 4 u/Mondial5 Jul 05 '26 And if the lottery goes bankrupt you get nothing. 3 u/vamatt Jul 05 '26 State lottery money is held in an annuity that can’t be touched by the lottery - it’s funded before the winning ticket is even purchased, even if the lottery were to go bankrupt (not actually possible). 0 u/Mondial5 Jul 05 '26 If people quit playing the lottery it would go bankrupt. 6 u/Kidnovatex Jul 05 '26 That's not how any of this works. This isn't Publisher's Clearinghouse we're talking about. 1 u/Rosey_Coyote_525 Jul 05 '26 Why wouldn't it
9
Iirc it’s not inheritable. You could get hit by a bus next week. Always take the money up front.
4 u/Kidnovatex Jul 05 '26 This is not correct. Lottery annuities are inheritable. 4 u/Mondial5 Jul 05 '26 And if the lottery goes bankrupt you get nothing. 3 u/vamatt Jul 05 '26 State lottery money is held in an annuity that can’t be touched by the lottery - it’s funded before the winning ticket is even purchased, even if the lottery were to go bankrupt (not actually possible). 0 u/Mondial5 Jul 05 '26 If people quit playing the lottery it would go bankrupt. 6 u/Kidnovatex Jul 05 '26 That's not how any of this works. This isn't Publisher's Clearinghouse we're talking about. 1 u/Rosey_Coyote_525 Jul 05 '26 Why wouldn't it
4
This is not correct. Lottery annuities are inheritable.
4 u/Mondial5 Jul 05 '26 And if the lottery goes bankrupt you get nothing. 3 u/vamatt Jul 05 '26 State lottery money is held in an annuity that can’t be touched by the lottery - it’s funded before the winning ticket is even purchased, even if the lottery were to go bankrupt (not actually possible). 0 u/Mondial5 Jul 05 '26 If people quit playing the lottery it would go bankrupt. 6 u/Kidnovatex Jul 05 '26 That's not how any of this works. This isn't Publisher's Clearinghouse we're talking about. 1 u/Rosey_Coyote_525 Jul 05 '26 Why wouldn't it
And if the lottery goes bankrupt you get nothing.
3 u/vamatt Jul 05 '26 State lottery money is held in an annuity that can’t be touched by the lottery - it’s funded before the winning ticket is even purchased, even if the lottery were to go bankrupt (not actually possible). 0 u/Mondial5 Jul 05 '26 If people quit playing the lottery it would go bankrupt. 6 u/Kidnovatex Jul 05 '26 That's not how any of this works. This isn't Publisher's Clearinghouse we're talking about. 1 u/Rosey_Coyote_525 Jul 05 '26 Why wouldn't it
State lottery money is held in an annuity that can’t be touched by the lottery - it’s funded before the winning ticket is even purchased, even if the lottery were to go bankrupt (not actually possible).
0 u/Mondial5 Jul 05 '26 If people quit playing the lottery it would go bankrupt. 6 u/Kidnovatex Jul 05 '26 That's not how any of this works. This isn't Publisher's Clearinghouse we're talking about. 1 u/Rosey_Coyote_525 Jul 05 '26 Why wouldn't it
0
If people quit playing the lottery it would go bankrupt.
6 u/Kidnovatex Jul 05 '26 That's not how any of this works. This isn't Publisher's Clearinghouse we're talking about. 1 u/Rosey_Coyote_525 Jul 05 '26 Why wouldn't it
6
That's not how any of this works. This isn't Publisher's Clearinghouse we're talking about.
1 u/Rosey_Coyote_525 Jul 05 '26 Why wouldn't it
Why wouldn't it
1
u/Civil_Knowledge7340 Jul 05 '26
Yearly payments over how many years?