![]() Cash4LifeĬash4Life started life in 2014 as a joint venture between New York and New Jersey. If you draw three matching numbers, you win $1. Because of its relatively poor payouts, the New York Lotto has been losing out to bigger jackpot games like Powerball and Mega Millions. Lotto jackpot winners can opt for a one-off payment plus annual payments or a lump-sum cash option. There are 59 numbers to choose from, and you can select six. The New York Lotto draws take place every Wednesday and Saturday evening. All non-jackpot wins can be multiplied from two to four times by the Megaplier factor. As in Powerball, the jackpot seeds to $40 million following a Mega Millions win. For an additional $1, you can purchase the “ Megaplier” option. If you match five main balls and the Mega Ball, you win the jackpot. Jackpots in 2019 have regularly hit the $150 million to $220 million mark. To play, select five main numbers from one to 70 plus a “ Mega Ball” number from one to 25. The Mega Millions draws take place on Tuesdays and Fridays. Mega Millions was introduced in New York State in 2002. For an extra $1, the Powerplay multiplies the prize up to 10 times. Powerball draws occur every Monday, Wednesday and Saturday. You can also opt for a “ Power Play” bet. After a jackpot win, the Powerball jackpot seeds at $40 million. If you win two white numbers and the Powerball, you also win. By matching all the numbers correctly (five numbers, plus the Powerball), you win a prize worth more than $100 million. By matching three white numbers, you win $7. You select five numbers between one and 69, plus a Powerball between one and 26. Six numbers are drawn at random. Powerball players have a shot at winning a huge jackpot for just a $2 outlay. Game draws are broadcast on TV throughout the state. Then, you will receive an email that confirms your purchase and includes details and images of your ticket. Once you buy the NY lottery ticket, your order goes to a local courier, who purchases the ticket for you. Simply sign up with Jackpocket, search for an upcoming draw – such as Powerball or Mega Millions – and select your numbers. With Jackpocket, customers can purchase lottery tickets without having to visit a retailer. In addition, New York lottery players have the luxury of using the Jackpocket NY Lottery app. With the quick pick option, a computer automatically chooses random numbers for the player. Draw games are specific to New York state only. Tickets purchased through retailers feature “ quick pick” and “ pick your own” options. Lotto games are multi-jurisdictional and often feature tickets purchased across many states. These people won the lottery multiple times, taking home millions-a Harvard prof.Games are divided into two rough categories: lotto games and draw games. Winners will also face a state tax of about 5.5% on their prize money.ĬORRECTION: This article has been corrected to show that the federal government requires that lottery officials withhold 24% of lottery winnings of $5,000 or more, while other prize money is taxed like regular income. The IRS requires lotteries to report any prize money over $600, which it taxes like regular income, and the federal government also requires lottery officials to automatically withhold 24% of winnings of $5,000 or more. ![]() Of course, these lottery winners will still face a tax bill on their prize money. State lottery officials said in a statement that 1,002 people won the $5,000 grand prize, while another 1,012 people won $2,500 apiece for their winning 50 cent tickets. The odds of matching all four of NC Education Lottery's Pick 4 numbers are 1 in 10,000, and players have the option of paying either $1 for a ticket and the chance to win up to $5,000 in prizes, or they can pay 50 cents for a possible grand prize of $2,500. And, just last week, the state actually paid out a total of $2.1 million in prizes to more than 5,600 Pick 3 winners who selected the winning number combination of 1-1-1. In fact, the previous record for a Pick 4 payout was $7.5 million in 2012, when the winning numbers were 1-1-1-1, according to NC Education Lottery. Officials for the NC Education Lottery said in a statement that sets of four identical numbers in a lottery drawing are known as "Quads" and that those are among the most popular number combinations for lottery players. ![]()
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