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cashing in your prize questions

Topic closed. 9 replies. Last post 3 years ago by mrcraft.

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May 8, 2014
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Posted: May 22, 2014, 12:48 pm - IP Logged

if you win $500 on a $5 ticket and go to a retailer to cash it in

 

do they have to give you their $500 from the bank account or the new york lottery will give them the $500 to give to me

    mrcraft's avatar - images3lp4 zps7dbb4a10.jpg
    Los Angeles, California
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    Posted: May 22, 2014, 1:05 pm - IP Logged

    They should give you $500 cash from their cash register.  The retailer will be reimbursed later.

    Sometimes retailers won't have cash on hand and will refuse or ask that you come back later.  You should be able to find someone in your area that will pay you right away though.

      rdgrnr's avatar - walt
      Way back up in them dadgum hills, son!
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      Posted: May 22, 2014, 4:47 pm - IP Logged

      if you win $500 on a $5 ticket and go to a retailer to cash it in

       

      do they have to give you their $500 from the bank account or the new york lottery will give them the $500 to give to me

      It's easiest to take them to a large supermarket that sells lottery tickets.

      They always have plenty of cash on hand and employees that are less likely to try to rip you off.

        grwurston's avatar - Cute animals_Spider.jpg
        Winning makes me smile.
        bel air maryland
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        Posted: May 22, 2014, 6:34 pm - IP Logged

        if you win $500 on a $5 ticket and go to a retailer to cash it in

         

        do they have to give you their $500 from the bank account or the new york lottery will give them the $500 to give to me

        Sign your ticket first above all else, so no one can rip you off.

        "You can observe a lot just by watching." Yogi Berra, Hall of Fame baseball player.

        The numbers will tell you what numbers to play. Pay attention to the numbers.

        Don't just think outside the box, crush it.

          dr65's avatar - black panther.jpg
          Pennsylvania
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          Posted: May 23, 2014, 2:10 am - IP Logged

          They should give you $500 cash from their cash register.  The retailer will be reimbursed later.

          Sometimes retailers won't have cash on hand and will refuse or ask that you come back later.  You should be able to find someone in your area that will pay you right away though.

          lol

          That just sounded funny after reading OP's question.

          'They should give you $500 from their cash register'.

          246 ~~ 485 ~~ 369 ~~ 890 ~~ 705 ~~ 357 ~~ 129 ~~ 165 ~  007 ~ 225 ~ 818 ~ 440 ~  7775 5557

            Goteki54's avatar - Lottery-007.jpg
            Baltimore, MD
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            Posted: May 23, 2014, 8:10 am - IP Logged

            What others have said, it comes out of the retailer's money. Since lottery agents are a dime a dozen, even if one agent is running short on cash, you can just go to another and get your ticket cash. The best places to go and cash your tickets knowing they will have the cash on hand are supermarkets and gas stations and Liquor stores.

            Following the trends and patterns means following the money!Banana

              Astekblue's avatar - Tarlor
              Kentucky
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              Posted: May 23, 2014, 9:45 am - IP Logged

              It's easiest to take them to a large supermarket that sells lottery tickets.

              They always have plenty of cash on hand and employees that are less likely to try to rip you off.

              I    agree   with    Ridge

               

              The Supermarket  around town here is always good about  cashing  them  also

               

              And there is a gas station in town here  ,  that is a cashing agent for the lottery  , and they will always cash them every time also , and even larger amounts

               

              Most other places will cash a small box win or two ( but that's about it ) as  most places like to sell the tickets ( but they  tend to start  fish crawling   when it comes time to cash them )

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                Marana AZ
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                Posted: May 23, 2014, 3:38 pm - IP Logged

                Supermarkets, especially those with bank branches, are always good.

                Gas stations are hit or miss. Here in Arizona, many have a policy to put the extra cash in the safe when a register exceeds $40, although if you can catch them just before they cash dump, you might be able to squeeze out $100.

                  noise-gate's avatar - images q=tbn:ANd9GcR91HDs4UJhjxO7cmeMQWZ5lB_FOcMLOGicau4V74R45tDgPWrr
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                  Posted: May 24, 2014, 4:12 pm - IP Logged

                  They should give you $500 cash from their cash register.  The retailer will be reimbursed later.

                  Sometimes retailers won't have cash on hand and will refuse or ask that you come back later.  You should be able to find someone in your area that will pay you right away though.

                  Your answer is partially true bud.  The store is reimbursed Immediately,  l was told that by a convenient store owner who said that a bank account is established that records payouts & it refills the coffers immediately- sweet.Makes perfect sense to me, why should the convenient store owner have to wait to be reimbursed at a later date especially if the store paid out a couple grand in one day?

                  The only folks waiting for their JP winnings are the winners, not the stores- this of course applies to the  California Lottery to the best of my knowledge.

                    mrcraft's avatar - images3lp4 zps7dbb4a10.jpg
                    Los Angeles, California
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                    Posted: May 24, 2014, 6:45 pm - IP Logged

                    Your answer is partially true bud.  The store is reimbursed Immediately,  l was told that by a convenient store owner who said that a bank account is established that records payouts & it refills the coffers immediately- sweet.Makes perfect sense to me, why should the convenient store owner have to wait to be reimbursed at a later date especially if the store paid out a couple grand in one day?

                    The only folks waiting for their JP winnings are the winners, not the stores- this of course applies to the  California Lottery to the best of my knowledge.

                    By later, I didn't mean days or weeks later.  I assumed they get reimbursed quickly after some reconciliation at the end of each day.