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N.J. Man Wins $35 Million Lottery JackpotNews Story
A Little Egg Harbor, NJ man has come forward with a winning lottery ticket worth an annuity prize of $35.5 million, New Jersey Lottery officials announced Wednesday.John Purdue held the only winning ticket in the May 10 Pick 6 drawing. The prize was the largest in the Pick 6 Lotto since $45.9 million was awarded in the June 3, 2002, drawing.Purdue chose the cash option and received a check for more than $18 million, minus the 25 percent federal withholding tax, according to New Jersey Lottery Ex
Jun 10, 2004, 7:34 am - Lottery News

Brothers win $26.9 Million Powerball Jackpot Cash PrizeNews Story
Pennsylvania Secretary of Revenue Gregory C. Fajt and Executive Director of the Pennsylvania Lottery Edward Mahlman today presented a check for $26,934,553.39 cash - less 25 percent federal withholding - to brothers Jim Hare, 54, of Philadelphia, and Tom Hare, 50, of Drexel Hill, Delaware County, holders of the single winning ticket for the May 29, 2004, Powerball drawing.The jackpot had an annuity value of $52 million. I'm pleased to present Jim and Tom with this check, and I congratulate them,
Jun 7, 2004, 11:04 am - Lottery News

$52 Powerball Jackpot Won by Ticket Purchased in PennsylvaniaNews Story
For the second time in May a ticket purchased in Pennsylvania won the Powerball jackpot. Saturday night's jackpot was worth $52 million.The winner will now have to decide between the 29-year, 30-payment annuity and the cash option worth $26.9 million. The winner will have 60 days after their ticket is validated to make that decision.In addition to the jackpot winner, 449,694 other Powerball players across the nation won a total of almost $3.8 million in cash prizes.The numbers drawn were: 1, 16
Jun 1, 2004, 12:58 pm - Lottery News

Experts advise to take cash optionNews Story
Finance 101 for lottery winners: Take the cash, advisers say. Annuities could be a bad bet.Say you win $110 million in the Pennsylvania Powerball drawing, as Steve and Kristine White did on May 8. Is it best to take the money in a lump sum or in an annuity over time?Some experts think the answer is clear: Go for the big bucks. Now.That could explain why the Whites are electing to take a check instead of a guaranteed annual payment of about $7 million, and why the state's three previous Powerball
May 20, 2004, 7:19 am - Lottery News

Powerball lottery win energizes Pennsylvania neighborhoodNews Story
Not often is a middle-aged woman seen hopping in public, yet there was Mary Ann Seems, bouncing on her toes yesterday in a , her fists quivering in post-lottery fever. This is so exciting! exclaimed Seems, 47, of Titusville, N.J. I don't care who it is; it's in our neighborhood! Seems lives just across the Delaware River from Washington Crossing, where a Cumberland Farms store last week sold the richest winning lottery ticket so fare in Pennsylvania history.Annuity value: $213.2 million.Cash o
May 11, 2004, 7:24 am - Lottery News

Powerball $170 Million Drawing TonightNews Story
Players around world are waiting for the numbers to be drawn in the $170 million Powerball drawing, which takes place tonight at 11:00 PM Eastern Daylight Time. Some facts about tonight's drawing: $170 million jackpot would rank as the 8th largest Powerball jackpot ever. It would also rank as the 14th largest lottery jackpot ever. This is the largest current lottery jackpot in the world. The estimated cash option is $90.4 million. The draw on Wednesday night will be the 15th draw of this
May 5, 2004, 7:49 am - Lottery News

Connecticut firefighter wins $2.6MNews Story
Litchfield, Conecticut resident James Lynch beat the odds when he became $2.6 million richer, winning the states Classic Lottery jackpot on April 13.Lynch, of South Street, is a battalion chief with the Waterbury Fire Department. According to his co-workers, Lynch is still employed by the department. Area residents say Lynch and his wife Jacquelyn have children within the public school system.Approached about the prize Monday night, Lynch said he had no comment. Classic lottery tickets can be p
May 4, 2004, 7:03 am - Lottery News

Tennessee retailers reluctant to pay lottery prizes in cashNews Story
Rebecca Paul, CEO of the Tennessee Education Lottery Corp., said she is concerned because retailers do not want to pay out lottery prizes in cash.Retailers do not have to pay cash for prizes over $20, Lottery spokesperson Kym Gerlock said. The Lottery Corp. encourages them to pay prizes in cash but they can also pay by check or money order.Paul is concerned paying by check or money order will discourage participation in the lottery. The statute gave our retailers 6.5 percent base [pay] with no c
Apr 29, 2004, 7:30 am - Lottery News

Mega Millions Jackpot Soars to $105 MillionNews Story
What would you do with $105 million? That's what Lottery players everywhere are thinking as they place their order for Friday night's Mega Millions drawing.Lottery officials announced today that no winning ticket correctly matched all six winning numbers -- 08-17-29-32-39 and Gold Mega Ball number 49 -- in the April 6, 2004 Mega Millions drawing, sending the jackpot to an estimated $105 million for Friday's drawing. As the jackpot grows, so does the sale of Mega Millions tickets, said Michigan
Apr 7, 2004, 8:12 pm - Lottery News

Winning Powerball Ticket Worth $89 Million Sold in IndianaNews Story
The people that say lightning doesn't strike in the same place twice haven't spent much time in Indiana. For the fourth time in the last five months, someone from Indiana has won the Powerball jackpot.The winning ticket holder for Saturday night's draw now has a choice to make. They can take the $89 million annuity, which will be paid out in 30 payments over 29 years. Or, they can choose the cash option worth $49.9 million. The ticket holder will have 60 days after the ticket is validated to mak
Mar 15, 2004, 7:15 am - Lottery News