Lotto Dreams is an app for playing with the financial dreams and windfall of the 2 major US Lotteries, the Powerball and the Mega Millions. It can show you and let you dream about what winning the lottery can mean to you and the people in your life. Want to know if you should take the Annuity paments or the Lump Sum payment? Lotto Dreams can show you side by side how each plays out over time. Want to know if you have enough to split the ticket with your kids and all be set for life? Lotto Dreams can show you even splits or specific percentage splits with a number of people. Run the numbers, see how it plays out.
The following factors are taken into the calculations:
* Current Jackpot and Cash Values
* Number of winning tickets
* How much you are holding out (not investing)
* How much you want to draw each year for your expensis
* Average annual return of your investments
* Safe Withdrawal rates
* Taxes (Federal and State)
* Number of people with which you are sharing your ticket
* The percentage of the ticket those other people receive
* How much you want to give to people as gifts each year
* How many people you want to give those gifts to