N.Y. Lottery winner gets $10,000 a week for life ... sort of

Dec 10, 2010, 7:51 am (19 comments)

New York Lottery

NORFOLK, N.Y. — "It's good to be alive," said Floyd E. Harvey as he accepted a symbolic check for $10 million from New York Lottery officials Wednesday.

Mr. Harvey, 41, Route 38, was feted at Fefee's Market on West Main Street. He won the jackpot prize of $10,000 a week for life Thanksgiving Day after purchasing a $20 Win for Life Spectacular scratch-off ticket at the store.

Although state Lottery officials promote the Win for Life Spectacular instant game as a chance to win $10,000 each week for life, Mr. Harvey actually will receive 19 annual payments of $520,000, according to Lottery spokeswoman Gretchen L. Dizer. After taxes, he will net $343,356 a year. He also will receive one additional payment of $120,000, for a total of $10 million over 20 years.

Annual payments of $120,000 will continue each year as long as Mr. Harvey is alive.

A 14-year technician for Verizon, Mr. Harvey said he has no immediate plans for the bulk of his new wealth, but said he would like to buy a new Shelby Mustang automobile and pay for his daughter's college education when she is old enough to attend.

"It's going to be great," he said. "She doesn't have to worry about what school is going to give her a scholarship, because her dad can pay to send her there."

The winning ticket was one of three Mr. Harvey bought at the market that day. He said the first ticket he scratched off was a dud, the second was a $35 winner and the third was the $10 million winner.

"I routinely come down to get a couple of tickets and a paper," he said. "I scratch the tickets and read the paper and hope for the best. Things worked out."

Mr. Harvey described himself as being in a daze after he realized he had won the jackpot prize and said the feeling only recently has started to subside.

Watertown Daily Times

Comments

sully16's avatarsully16

Live a long life Mr. Harvey.

TnTicketlosers's avatarTnTicketlosers

That is sooooooo wonderful,,,My daddy raised us 4 kids by himself and believe me when I say this,there is nothing like my daddys love for us kids.He is now 72  what will I do when he passes? I think about it alot lately.He use to stop by my house and play the Tn scratch offs,,,I had no idea what he was doing.I just watched him,,,he said to me one day when I called him =His words were to me======Never play those ok? I said ok why daddy??????He said in his harsh voice I said just dont ok...I said ok....Now I know....He doesnt play here anymore thats all I know...He was right as my daddy always is.....OH I LOVE HIM.

savagegoose's avatarsavagegoose

hmmm for his life, so he carks it, then the lotto is free and clear not to pay out $10 mill for the $20  scratcher set?

sounds pretty scammy to me.

hang on a sec is this how all these annuities work? dont the remainder of the prize go to the estate of the  winner?

dr65's avatardr65

Good job Mr. Harvey!

I like this part: ~ he bought 3 tickets - first was a dud, second won $35.00 and the third was the big winner ~

I like to buy the ticket after a larger than average win, most times they are duds but I've had some good ones come right after a decent winner in

a pack.

I hope someone here pulls a Mr. Harvey today! Good luck!

dpoly1's avatardpoly1

Great for Mr. Harvey ........... but the GOVERNMENT LIED AGAIN!

Another reason to stay away from New York! Mad

maringoman's avatarmaringoman

Those New Yorkers are a big gamblers. He says effortlessly that he bought three tickets as though the tickets are $2 each. Thats $60! wow

He also says he buys two tickets and his newspaper. If he means he buys $20 tickets then he is a big gambler... by my standards anyways.

I would feel sick if I spent $60 on scratchers and lost it all. Well, tonight I'ma try the NY style and get $20 worth of megamillions tickets.

Congrats Mr Harvey.

TnTicketlosers's avatarTnTicketlosers

Well I bought 8  $20.00 tickets in Tennessee and nothing on any of them because I watched the screen as the girl runs to see if any of those were winners and no they wasnt and no I dont play here anymore...........

TnTicketlosers's avatarTnTicketlosers

And yes they were in a row too. Ticket 7-14

dphillips's avatardphillips

Wow, what a wonderful and a blessed time to win, especially in this downspiral economy. May he enjoy the fruits of his winning in peace and in good health.

HaveABall's avatarHaveABall

Quote: Originally posted by savagegoose on Dec 10, 2010

hmmm for his life, so he carks it, then the lotto is free and clear not to pay out $10 mill for the $20  scratcher set?

sounds pretty scammy to me.

hang on a sec is this how all these annuities work? dont the remainder of the prize go to the estate of the  winner?

No, it's all good.  NY has to pay the estate anything of the $10 million that wasn't already distributed by them.

dpoly1's avatardpoly1

I have just decided to win the Mega Millions Jackpot as Pennsylvania's first MM Jackpot winner on Tuesday!

If I now get the people at Mega Millions to cooperate!

Thumbs Up

corius$1918!

Congratulations to the winner!!!!!

I think the lotteries should be made to say win for 20 years and not win for life.  In this case, the winner will get $120,000 per year after $10 million.  Some other lotteries with win for life , for example, Win for Life in Georgia and South Carolina.  Payment is made for twenty years and then no more.  While I would still be grateful for 20 years, it is misleading when they state Win for Life.

GASMETERGUY

I don't think the "Win For Life" advertisement is a misnomer.  At the end of 20 years they shoot you.

savagegoose's avatarsavagegoose

or; more likely, at the end of $20 years of bad investments you shoot yourself.

 

oh and thanks for clearing that up for me abot the estate inheritting the win for life

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