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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

Lottery winner's dreams live on after his deathNews Story
Despite a troubled past, James Craig's family said he had started to turn his life around long before he struck it rich and won a $9.7 million Indiana Lotto jackpot earlier this year. My brother had been incarcerated for petty (non-violent) crimes, but he used that time to better himself in many ways; especially through education, which helped get him paroled three years ago, said Ruth Craig.Craig said her brother earned both associate and bachelor degrees in business while he was enrolled in t
May 10, 2004, 6:37 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

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

Indiana woman claims $6.5 million jackpotNews Story
A Greenwood, Indiana woman has claimed a $6.5 million Hoosier Lotto jackpot from a drawing nearly four months ago, lottery officials said Tuesday.Jennifer Diles bought the winning ticket for the Nov. 22 drawing at a convenience store in Shelbyville. She chose the annuity option and will receive about $248,000 a year before taxes over 26 years.Diles, 25, said she waited to claim the jackpot because she was considering her options on whether to take the annuity or cash payout. Diles, an instructio
Mar 10, 2004, 4:33 am - Lottery News

Red Apple Workers Still Wait for Mega Millions Lottery WinnerNews Story
Customers bringing jokes about the lottery could expect a tough crowd at the Red Apple Country Store.Chances are, the employees have already heard it.Somebody, somewhere, holds a special ticket that could bring an end to the wisecracks.A week ago today, the Red Apple sold the second-most valuable individual lottery ticket in history.The winner of the $239 Mega Millions Jackpot, drawn Saturday, still has yet to come forward, meaning the comical copycats still are prowling.Were having a lot of the
Feb 27, 2004, 4:26 am - Lottery News

Final Mega Millions Tally: $239 MillionNews Story
When the winner of the U.S. Mega Millions Lottery drawing comes forward they will get $239 million instead of the advertised $230 million Friday top prize.Virginia lottery officials Monday said the jackpot was actually $9 million more because of strong ticket sales during the hour leading up to the Feb. 20 drawing.One jackpot-winning ticket was purchased in Stephens City, Va., with all five winning numbers: 01-12-20-21-30 and the gold Mega Ball, 24. As if $230 million wasn't enough, said Virgin
Feb 24, 2004, 5:51 am - Lottery News