2006-08-09 14:22:26 · 4 answers · asked by Jumps U 1 in Games & Recreation ➔ Gambling
generally because you can very likely invest the lump sum and have well more than the original jackpot amount in the 25 years the state takes to pay off the annuity. even a conservative blend of mutual funds and high yield bonds would double your principal in about 10-12 years. considering you get about 40-50% of the jackpot up front in cash, you would only need about half the time to reach 100% vs. the state lottery office.
2006-08-09 15:10:01 · answer #1 · answered by mercerem 4 · 4⤊ 1⤋
I guess they don't think they will live forever and need it as support for retirement. Or perhaps the think they need the money now and it will be worthless 20-30 years from now. Also, they might think that the Lottery system is trying to cheat them, since they probably wouldn't make the offer based on statistics that favor the Lottery winners.
2006-08-09 14:29:33 · answer #2 · answered by Zelda Hunter 7 · 0⤊ 0⤋
Find best solutions
2015-02-09 22:08:22 · answer #3 · answered by Kerri 1 · 0⤊ 0⤋
Because you actually get less money!!!!!!
2006-08-09 14:27:05 · answer #4 · answered by Geist 6 · 0⤊ 0⤋