Search

Scholarship student designed N.M Lottery scratch game ticketNews Story
Full circle: student educated with lottery scholarship funds now works for lottery The New Mexico Lottery in August launched Red vs. Green, an instant scratch-off game that was designed by a 22-year-old lottery graphic designer who attended UNM on a Legislative Lottery Scholarship. The new game depicts the state's favorite cuisine as overheated chile track stars competing in a frantic footrace. Red vs. Green tickets cost $1 each. Players can win instant prizes up to $2,000, and non-winn
Sep 1, 2009, 11:11 am - Lottery News

$58.6M Powerball lottery ticket sold in PennsylvaniaNews Story
Second jackpot-winning Powerball ticket sold in Pennsylvania this month Pennsylvania Lottery officials today announced that a York business sold the only winning ticket in the $58.6 million, Oct. 29, Powerball jackpot. We are pleased to announce that Bookland sold the winning ticket from Wednesday night's drawing, said Ed Trees, executive director of the Pennsylvania Lottery. This is the second jackpot-winning Powerball ticket sold in Pennsylvania this month. Bookland, 2114 S. Queen S
Oct 31, 2008, 12:18 pm - Lottery News

Weak bond market lowers lottery annuity jackpotsNews Story
Situation serves as reminder of how jackpots are calculated The nation's financial crisis is causing a dip in one of the optional jackpots offered in Wisconsin's Megabucks lottery game. The lottery said Tuesday that the annuity option which has a jackpot paid in installments over 29 years will decline for the first time because of a weak bond market. State lotteries fund their annuity options by using ticket revenue to buy conservative, government-backed bonds. For the Wisconsin lott
Oct 29, 2008, 9:06 am - Lottery News

Lottery officials to name $86M Powerball winnersNews Story
Who won last week's Powerball jackpot? That's the $86 million question and Pennsylvania lottery officials have the answer. Officials plan to announce the winners at a news conference Friday at lottery headquarters in Middletown. The winning Powerball ticket was sold at a Turkey Hill convenience store in Lancaster County. The jackpot from the Aug. 2 drawing is worth an $86.3 million annuity or $42.5 million cash minus 25 percent in federal taxes.
Aug 8, 2008, 8:28 am - Lottery News

Review: Vultures feast on desperate lottery winnersNews Story
Money for Nothing is a glimpse into a seedy business few will ever encounter. Edward Ugel writes about the trade of preying on bottomed-out lottery winners, crazy for cash to meet their growing debts, waiting for their next annual annuity check to arrive from the state coffers. His tale is a colorfully written account by a self-proclaimed overweight, chain-smoking, Krispy Kreme doughnut-eating, fanatical gambler. For just shy of a decade starting in the late 1990s, Ugel says he worked i
Sep 24, 2007, 11:05 am - Lottery News

Wisconsin man claims $14.4M lottery jackpotNews Story
Terry Peters, of Two Rivers, Wisconsin, became a millionaire Tuesday. Peters validated the sole winning ticket from Saturday's $14.4 million Megabucks drawing at state lottery offices. Earlier on Monday, Peters had stopped by the store where he purchased the ticket to check if he was a winner. He chose to take the lump sum cash payment of $7.6 million. He will receive about $5.4 million after taxes. Peters will take part in a news conference at 10:30 a.m. Thursday at the GV Unimart in
Jul 18, 2007, 12:01 pm - Lottery News

Man with terminal illness wins 20-year annuity lottery jackpotNews Story
In December, Wayne Schenk was diagnosed with terminal lung cancer. A month later, he was a millionaire. The 50-year-old tavern owner from Naples, New York, won a million dollars in a New York state lottery scratch-off game. But the Marine Corps veteran doesn't expect to be around to collect all his winnings. To do that, he would have to live 20 years. His doctors have given him a year to live, at most. Under lottery rules for the High Stakes Blackjack game he won on January 12, the jack
Feb 1, 2007, 6:50 pm - Lottery News

First Ever Multi-State Video Lottery Game Up and RunningNews Story
Jackpot Over $540,000 and Growing The lotteries of Delaware, Rhode Island, and West Virginia have begun operation of America's first multi-state video lottery game. Ca$hola (pronounced cash-O-lah) features a shared prize pool that will create the progressive jackpot game for players in all three states; a jackpot that currently has an annuity value of over $540,000 and grows until won. Sales of the Ca$hola game have begun at video lottery terminals (VLT's) located at tracks in the thr
Jul 26, 2006, 5:23 pm - Lottery News

Tennessee lottery winner sues stateNews Story
A woman who won a Tennseess Lottery scratch-off ticket worth over $1 million has sued the state for preventing her from assigning some of her winnings to a financial company in return for a lump sum payout. Like other instant lottery winners, Ethel Newberry of Palmrya wasn't given the option to get the bulk of her winnings in cash up front. Instead, she gets annual payments of about $52,000 a year for a minimum of 20 years. Newberry is asking the Davidson County Chancery Court to allow he
Feb 14, 2006, 11:51 am - Lottery News

Uncle Sam Wins Your LotteryNews Story
Attention, lottery players: If you win a nice big prize, opt to take it as a stream of payments and then change your mind and wish you had taken it as a lump sum, don't expect any special tax benefits if you sell your annuity for immediate cash.Over and over in the past few years and especially since capital gains tax rates were lowered in 2001 lottery winners have sold their rights to future payments and tried to treat what they got in exchange as capital gains.Since capital gains are now t
Nov 28, 2005, 9:12 am - Lottery News