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Merry Christmas indeed! Lucky N.Y. lottery player wins $49M

PowerballPowerball: Merry Christmas indeed! Lucky N.Y. lottery player wins $49M
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By Todd Northrop

It will probably be the merriest Christmas one New Yorker has ever known.

That's because one lucky lottery player from New York has won the Powerball jackpot in the Christmas drawing Saturday evening.

It will likely be the furthest thing from a "Silent Night" in the winner's household, as they will either win a $48.8 million annuity jackpot, or a $23.1 million lump-sum cash option.

Of course, the federal government and the state of New York will be also singing Joy to the World, as they will reap at least 25% and 8.97%, respectively, of the grand prize in taxes.

In addition to the jackpot winner, another 5 lucky players matched the first 5 numbers (but not the Powerball) for a $200,000 prize: 1 from Illinois, 1 from Louisiana (with Power Play), 1 from New York, 1 from North Dakota (with Power Play), and 1 from Pennsylvania (with Power Play).

The three second-prize winners who spent an additional $1 to purchase the Power Play option will have their prize automatically increased to a cool $1 million.

The Christmas Powerball winning numbers are 1, 17, 38, 50, and 52, and the Powerball number is 24. The Power Play number is 2.

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31 comments. Last comment 6 years ago by ellardfam.
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Avatar
Massachusetts
United States
Member #78798
August 21, 2009
336 Posts
Offline
Posted: December 26, 2010, 2:30 am - IP Logged

I hope it is someone young like me.


    United States
    Member #68713
    December 28, 2008
    301 Posts
    Offline
    Posted: December 26, 2010, 2:57 am - IP Logged

    BananaSmiley SantaWhat a gift from Santa, bet no one else had a Christmas Gift that big.Congrat!!!! to the lucky winner.

      ttech10's avatar - blobdude
      Texas
      United States
      Member #92330
      June 5, 2010
      887 Posts
      Offline
      Posted: December 26, 2010, 3:40 am - IP Logged

      Congrats to them, wonder if it was a stocking stuffer. I only put $1 into this drawing, gonna use my normal PB budget towards MegaMillions.

        barbos's avatar - gold bar-and-cash1.jpg
        California
        United States
        Member #23908
        October 17, 2005
        122 Posts
        Offline
        Posted: December 26, 2010, 5:04 am - IP Logged

          So the odds are really 1 in 195,249,054?  No wonder there isn't a Nobel prize for mathematicians, hehe.  Happy holidays to the winner and all LP guys, wish you good luck.

          sully16's avatar - sharan
          Ringleader
          Michigan
          United States
          Member #81740
          October 28, 2009
          40420 Posts
          Offline
          Posted: December 26, 2010, 8:13 am - IP Logged

          wow, how cool is that to win on Christmas. congrats to the winners.Cheers

          Did you exchange a walk on part in the war ?

          For a lead role in a cage?

           

                                                      From Pink Floyd's " Wish you were here"

            kennedygrandma's avatar - nw shadow.jpg
            gastonia nc
            United States
            Member #54044
            August 2, 2007
            984 Posts
            Online
            Posted: December 26, 2010, 11:01 am - IP Logged

            So happy for them. Its a blessing I love to hear about people winning I know one day soon it will be me.

              Avatar

              United States
              Member #94616
              July 24, 2010
              4735 Posts
              Offline
              Posted: December 26, 2010, 11:33 am - IP Logged

              And it WASN'T some one from NY City!!! YEA!!!!

                NYSlugger 777's avatar - 777
                NY
                United States
                Member #54513
                August 21, 2007
                6371 Posts
                Offline
                Posted: December 26, 2010, 2:08 pm - IP Logged

                Wow and I just checked the website turns out the Jackpot winner used the quick pick option to let the computer select the number for them.Congrads to whoever it was on the big win.

                I played quick pick last night too with powerplay and it didnt match a  single number for me.

                My #'s were 19,  22,  35,  53,  55,  and powerball 07

                .

                  dphillips's avatar - littleuns
                  Albuquerque, New Mexico
                  United States
                  Member #5128
                  June 18, 2004
                  377 Posts
                  Offline
                  Posted: December 26, 2010, 4:52 pm - IP Logged

                  Genome, why do you hope the person is someone young like you?  If you are young and in excellent health, you have plenty of time to make your financial mark in life -- and that is called -- patience. Perhaps, I can understand someone who is older: they have paid their dues, working, and their longevity may or may not be as long as yours.

                  Often, I read comments from some of the young posters over the years, expressing their disdain if someone older wins: it is as if the young posters deserve winning more than the older ones.  Of course, everyone deserves to win, but age has absolutely nothing to do with winning.

                  Finally, young posters, be glad you are young and playing the lottery as you may never know when your ship may come in.

                  See Ya!-- Bye, bye!  When you win, may you glow as brightly as theSun Smiley

                    Avatar
                    Massachusetts
                    United States
                    Member #78798
                    August 21, 2009
                    336 Posts
                    Offline
                    Posted: December 26, 2010, 7:55 pm - IP Logged

                    Yeah you're right it does seem more fair for someone older to win PB or MM. Seeing someone around my age just gives me hope that I could win a jackpot pretty soon.

                      ttech10's avatar - blobdude
                      Texas
                      United States
                      Member #92330
                      June 5, 2010
                      887 Posts
                      Offline
                      Posted: December 26, 2010, 11:00 pm - IP Logged

                      Yeah you're right it does seem more fair for someone older to win PB or MM. Seeing someone around my age just gives me hope that I could win a jackpot pretty soon.

                      Also just by the law of averages it's bound to happen much more often. I'm mid-20s myself and there's not really anyone else I know that plays the lottery. One of my friends will pick one or two up every now and then (and usually only if he's with me when I'm buying mine) but other than that there's nobody else.

                       

                      I like seeing young (20s-30s) people win just because it's something different and not just "well we like our life now so we're just going to pay off everything and put the rest in the bank". And that's not saying they should blow everything, just that it'd be nice to hear they were going to go and live it up for a few days to really celebrate. Don't get me wrong, I'm happy for anyone that wins (and I hope I can be apart of that special group one day) but I like hearing more about younger people winning than the older crowd.

                        dingo's avatar - lottery of-birth.jpg
                        San Jose, California
                        United States
                        Member #42003
                        June 26, 2006
                        206 Posts
                        Offline
                        Posted: December 27, 2010, 1:03 am - IP Logged

                        I wonder if this winner had written a convincing letter to Santa Claus.

                         


                          United States
                          Member #93947
                          July 10, 2010
                          2180 Posts
                          Offline
                          Posted: December 27, 2010, 1:05 am - IP Logged

                          Does anyone know the rationale that lotteries use to justify only paying out approximately one half of jackpot amounts when the winner chooses a lump sum?  In terms of the effects of compound interest on the present and future value of the winnings, it seems to me they have it backwards.

                          Since lottery tickets are only sold for cash, on the day of any given drawing, the full amount of the sale proceeeds should be on deposit in the respective state's bank.  Initially, approximately 1/2 is held back as the state's cut to fund their various projects.  I understand this.  What I don't understand is what logic supports holding back 1/2 of what's left when the winner chooses the cash option.  It would make more sense to me if cash option winners received the full (1/2) of sales and annuity winners received an even larger amount over the years to reflect the INTEREST the state earns by holding the [declining] principal over those years.

                          Thoughts?

                          --Jimmy4164

                          P.S.  A cynical answer might just be that they do it this way BECAUSE THEY CAN, but I've already thought of that one! Smiley

                            ttech10's avatar - blobdude
                            Texas
                            United States
                            Member #92330
                            June 5, 2010
                            887 Posts
                            Offline
                            Posted: December 27, 2010, 1:37 am - IP Logged

                            Does anyone know the rationale that lotteries use to justify only paying out approximately one half of jackpot amounts when the winner chooses a lump sum?  In terms of the effects of compound interest on the present and future value of the winnings, it seems to me they have it backwards.

                            Since lottery tickets are only sold for cash, on the day of any given drawing, the full amount of the sale proceeeds should be on deposit in the respective state's bank.  Initially, approximately 1/2 is held back as the state's cut to fund their various projects.  I understand this.  What I don't understand is what logic supports holding back 1/2 of what's left when the winner chooses the cash option.  It would make more sense to me if cash option winners received the full (1/2) of sales and annuity winners received an even larger amount over the years to reflect the INTEREST the state earns by holding the [declining] principal over those years.

                            Thoughts?

                            --Jimmy4164

                            P.S.  A cynical answer might just be that they do it this way BECAUSE THEY CAN, but I've already thought of that one! Smiley

                            "It would make more sense to me if cash option winners received the full (1/2) of sales and annuity winners received an even larger amount"

                             

                            Isn't that how it is though? If you choose annuity you get an even larger amount than the people who chose lump sum (who do get the full amount of the money). I don't know, that's the way I see it.