Lottery and Annuity Investments

lottery

The earliest known European lotteries were held in the Roman Empire, and were intended as a form of amusement at dinner parties. Each guest received a ticket, and winners received dinnerware and other luxury items. The idea of winning something was the main attraction, since the ticket holders were almost always assured of winning. In the early years of the modern lottery, wealthy European noblemen distributed tickets at Saturnalian revels. Early records of lottery include a game organized by the Roman Emperor Augustus for the purpose of raising money for repairs in the City of Rome. The winners were often awarded articles of unequal value, such as a pair of fancy dinnerware.

Annuities

Buying lottery tickets and annuities are similar investments, as they both involve promises to pay. Like a mortgage, annuities and lotteries are guaranteed by parties other than the lottery winner. While real estate is often guarantied by the lottery winner, annuities are usually guaranteed by a state lottery or insurance company. There are advantages and disadvantages to each, and a good investor should consider both before making a final decision.

In 2009, Ken Murray, chief marketing officer for MoneyGram, observed that people selling lottery and annuities were often desperate for cash. The reasons for these sales vary, but most people in financial difficulty need a lump sum of money to pay off their bills or meet other financial commitments. Those in need of cash may be facing financial difficulties, such as losing a job, or increasing their mortgage payments. While selling a lump sum of money is tempting, annuities and structured settlements typically provide tax-free income for life.

Sweepstakes

In the United States and Canada, sweepstakes are heavily regulated. Federal law covers them, as do individual states. The Federal Trade Commission monitors their promotion and helps to prevent scams. Some countries, like Australia, require a skill-testing question before a person can win. Others consider sweepstakes gambling. Brazilian laws are similar. Read the fine print carefully before entering a sweepstakes lottery.

The BBB reports that sweepstakes fraud occurs on social media. Nearly one-third of sweepstakes fraud complaints are made through social media. Facebook is especially popular for this type of scam. A major set of fraudulent actors send mailings to victims, claiming they have won a lottery or sweepstakes. They demand a small payment from them before they will be sent their prize. But if you can’t find a way to verify the information you’re receiving, you can file a complaint online.

Powerball

If you want to win the $2 million jackpot, you should play the Powerball in the lottery. The winning numbers are the same as those of the regular Lottery games, but the Powerball number has a higher chance of winning. However, you can win the jackpot even if you don’t match all six numbers. You have 90 days to claim your prize, depending on where you bought your ticket. Unless you have won a prize previously, you must claim your prize within the 90-day period.

There are three ways to play the Powerball in the lottery. First, choose how much money you want to spend. You can either play for the jackpot or for lower-tier prizes. If you choose the latter, you’ll have to give up one guess every other time you play. Alternatively, if you want to increase your chances of winning the lottery jackpot, you can play the Powerball game and increase your chances of winning by playing more than one ticket.

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