N.Y. Lottery looks to increase prizes through investment strategies
The New York Lottery is proposing a gamble where the odds aren't always in its favor moving its $1.3 billion prize fund into investments such as stocks, corporate bonds, real estate and hedge funds and out of the safety of U.S. Treasuries.
If the agency were to double its annual return to 8 percent as it projects, the prize would be $37 million more for state coffers as New York grapples with a record $13 billion budget deficit next year. Losses might reduce proceeds that fund education, said ...
Nov 17, 2009, 7:26 am - Lottery News forum
Grocer, couple cash in on lottery
Who says it's bad luck to be superstitious? Not Woon-Sook Chon of Flushing.
The Korean-born owner of the Flushing-based Cherry Blossom food store stopped in at the Union Deli Grocery on 38th Street to buy a Korean newspaper and walked out not only with her paper, but also a $500,000,000 Extravaganza instant Lottery ticket worth $5 million.
My niece told me of a dream she had the night before, said Chon, 49. In this dream, I was rich, she continued. I decided it was a good day to try my lu ...
Oct 8, 2009, 7:33 am - Lottery News forum
N.Y. family wins $3M top prize in lottery scratch-off game
For the past year, Jemps St. Fleur and his uncle, Chrisnel Josaphat, have been collecting $100 a week from their relatives to play the lottery.
There have been a few small scratch-off wins here and there, but on Sept. 22, the Spring Valley family won $3 million, becoming the first winners of the top prize in the $10 Money scratch-off game.
Family members, who emigrated from Haiti over the years, became Rockland's second lottery millionaires of 2009. The Brucale family of Pearl River won $7 ...
Oct 8, 2009, 6:45 am - Lottery News forum
Bronx mystery winner claimed half of $333M lottery jackpot
The lucky owner of a winning Mega Millions lottery ticket bought in the Bronx claimed the $166.5 million prize Tuesday, but it remains a mystery who he or she is.
I can confirm that the winning ticket was claimed today, but can divulge no further information, said New York Lottery spokeswoman Jennifer Givner.
Givner said the winner claimed the jackpot at the state Lottery office on Beaver St. in lower Manhattan.
The ticket was sold at Fordham Grocery and Convenience Store. It was one o ...
Sep 2, 2009, 5:49 pm - Lottery News forum
N.Y. Lottery debuts Sweet Million game Sept. 15
Tickets for the New York Lottery's newest game go on sale September 15.
Sweet Million is a lotto game in which players will choose 6 numbers from a pool of 40 (a 6/40 game). The top prize for matching all 6 numbers is $1 million cash.
The New York Lottery says, For only a dollar, Sweet Million provides the best chance to win a million dollars.
Drawings will be every Monday and Thursday at 9:30 p.m., starting Sept. 17. The winning numbers will be published at Lottery Post's New York Lot ...
Sep 2, 2009, 11:42 am - Lottery News forum
2 lottery tickets split $333M Mega Millions jackpot
There will be no worldwide lottery jackpot record this time.
Two tickets have split last night's $333 million Mega Millions jackpot, one on each coast of the United States.
The winning tickets, which are now worth an estimated $166.5 million each, were purchased in San Gabriel, Calif., and the Bronx, New York.
The winning numbers were: 1, 17, 31, 37 and 54 with the Mega Ball 31. The Texas Megaplier was 4.
Also, 34 lucky players came very close to winning it all, macthing the first 5 ...
Aug 29, 2009, 8:46 am - Lottery News forum
$325 MILLION: Mega Millions lottery jackpot rolls again
Largest Mega Millions jackpot in two years will be drawn Friday
There has been another rollover in the top prize for the multi-state Mega Millions lottery expanding the jackpot to a staggering $325 million for the Friday drawing.
The lump-sum cash value is estimated to be $205 million.
It is the largest Mega Millions jackpot in two years, and if sales are brisker than expected, it may get even bigger. On August 31, 2007, four ticket-holders from Maryland, New Jersey, Texas, and Virginia ...
Aug 26, 2009, 1:39 am - Lottery News forum
$252 MILLION: largest Mega Millions jackpot in 18 months
Lottery jackpot hunters will have a big target this coming Tuesday night, when a $252 million jackpot is up from grabs in the multi-state Mega Millions lottery game.
It is the largest Mega Millions jackpot since Feb. 22, 2008, when the top prize swelled to $270 million. One ticket sold in Georgia won that prize.
The huge pot came about after no tickets won last night's $207 million jackpot drawing. On Tuesday, players will attempt to match all five numbers plus the Mega Ball number to win ...
Aug 22, 2009, 9:29 am - Lottery News forum
Mega Millions and Powerball prizes top $200 million
Jackpots for the two multistate lotteries in the U.S. rose above $200 million each as players await tonight's drawing for one of the prizes.
USA Mega (www.usamega.com) said on its Web site that stronger-than-expected sales over the past three days increased the jackpot for tonight's drawing by $5 million to $250 million, or $124.8 million in cash. The odds of winning are 1 in 195 million. It's the 10th-biggest prize ever for the lottery, which is played in 30 states including Connecticut, Flo ...
Aug 19, 2009, 10:45 pm - Lottery News forum
Mega Millions lottery jackpot zooms to $207M
The jackpot for Friday night's Mega Millions drawing climbed to $207 million after no players matched all six numbers in Tuesday night's game.
Even though there were no jackpot winners, 14 lucky players managed to match the first five numbers for a $250,000 second-prize win. 3 of those tickets were sold in California, 1 in Georgia, 2 in Illinois, 1 in Maryland, 1 in Massachusetts, 2 in New Jersey, 1 in New York, 1 in Texas, and 2 in Virginia.
The California second-prize winners will receiv ...
Aug 19, 2009, 10:39 pm - Lottery News forum
