Introduction to the New York Lottery

Think of big money and big wins and the weekly New York lottery result and large cash prizes come instantly to mind. It’s one of the longest running lotteries in the United States and has been used to provide large sums of money for education over the years. For those sitting at home, glued to the TV, the announcing of the New York lottery result is often the highlight of the week.

Clutching their New York Lottery Powerball ticket, or one for any of the other games, millions of people are praying that this particular night is their night. It’s no different in New York from any other State in the US.

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New York Lottery Games

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New York Lottery Mega Millions

New York Lottery Mega Millions
Along with the Powerball, is one of the jackpot games that often makes the news.

The chances of winning the top prize is in the region of 260 million to 1, whilst the odds of getting your $1 ticket price back is 21 to 1. You complete a ticket by choosing 5 numbers between 1 and 75 and a Mega Ball number between 1 and 15. You can also opt for a Quick Pick where the computer chooses your New York Lottery Mega Millions numbers for you.

Draws for the prize take place on Tuesday and Friday nights and is shown during the 11pm news. As with all New York lotto games, you can check the results on your smartphone or tablet with the official New York Lottery app.

50% of the sales money is used for the New York Lottery Mega Millions prize fund with 63% of that being allocated to the jackpot. The initial jackpot is set at around $12 million but regularly goes higher than this. The New York Lottery results in the past has seen a New York resident claim a half share of $210 million.

There are two options if you get the right Mega Millions New York lottery result – to take an annuity over 26 years for the full jackpot amount or a lump sum one off payment which is less than the advertised jackpot. Both are subject to tax.


 

New York Lotto

The New York Lotto lets you choose 6 numbers between 1 and 59 and costs $1 for a line or $5 for 10. If you win the New York Lotto jackpot then you have 60 days to decide if you would like to take an annuity or lump sum.

The chances of matching all six numbers with the New York Lottery result is thought to be 1 in 45 million, while the odds of matching three numbers is 96 to 1. Draws are held on Wednesday and Saturday night and 40% of the money from sales is used for prizes with 70% of that allocated to the New York Lotto jackpot.

Choosing the right New York Lottery numbers can win you over $1 million and it is a popular choice for many residents.


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New York Lottery Powerball

The New York Lottery Powerball costs $2 a ticket and players select 5 numbers between 1 and 59 and a Powerball number between 1 and 35. Unlike the Mega Millions you don’t need to choose the option of whether to take an annuity or lump sum before buying – you can select if and when you win the jackpot.


The New York Lottery result for the New York Lotto Powerball is announced 10:59 pm every Wednesday and Saturday but you can also check the results on the New York Lottery app. 50% of the money collected goes towards the prize fund, with 64% of that being allocated to the jackpot.


The odds of winning the New York Lotto Powerball jackpot is around 175 million to one and the odds of getting your $2 stake back are 55 to 1.
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New York Lotto Cash4Life

Cash4Life is the last of the New York Lottery prizes that offers a large pay out and you can play every day with draws taking place at 8:45 in the evening.

As with all games you can check if you have won on the New York Lottery app that is available for download for android and iPhone/iPad.

You choose 5 numbers between 1 and 60 as well as 1 Cash Ball between 1 and 4. The chances of winning the top prize is around 21 million to 1 and each game costs $2.


Sweet Million (no longer available)

The Sweet Million game was one of the New York Lottery prizes that is no longer available but was similar to Cash4Life. The top prize was $1 million that could be offered to multiple winners.

 

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Other New York Lottery Prizes

Offering smaller New York Lottery prizes are games like Take 5, Numbers, Win 4, New York Lottery Quick Draw, and Pick Ten that work in a similar way to the jackpot games by picking numbers. The odds are lower and a popular choice for New York Lotto players. They can also be played every day with draws televised in the evenings. You don’t have to play something like the New York Lottery Powerball to win big with them either.

The New York Lottery Quick Draw

It’s not just the big jackpot prizes that make people happy. In the New York Lottery Quick Draw all you have to do is select up to ten numbers between 1 and 80 and let the computer do the rest. In the New York Lottery Quick Draw the numbers are generated every four minutes giving you ample time to win. And the great thing is you can play almost anywhere and at any time, in restaurants, bars and clubs.

New York Lotto Scratch Games

Instant scratch-off games are also available at New York Lotto Mega Millions retailers and are available from $1 up to $10. The top New York Lottery prizes range from $10,000 to $3 million. If you want to visit one of New York’s casino outlets then you can also play video lottery games.
Raffle Games are played every so often such as the recent Halloween draw that offered New York Lottery prizes of $50,000.

New York Lottery Winners

Most of the notable winners of the lottery have come from those netting the New York Lottery Mega Millions or Powerball jackpots. The New York Lottery result is eagerly anticipated by players in the State as they wait to see if they have become the State’s latest multi-millionaire overnight. They sit in front of the TV checking their numbers or use the official New York Lottery app to find out if they have won.

For many, the New York Lottery result is not a disappointment – they may not win the jackpot but they often net one of the lesser prizes. Thousands of people’s lives have been made just that little bit better with a smaller win on the New York Lottery Powerball or one of the other many games that can be played.

 

The New York Lottery Mega Millions Jackpot

An itchy palm on May 25th 2010 prompted Mary Shammas to go buy a New York Lottery Mega Millions ticket because she thought it was a good sign. She bought five sets of numbers for $5 and waited in anticipation for the New York Lottery result to be announced that night. The numbers won Mary and her family a cool $64 million.

New York Lottery prizes have been handed out by the millions since it began back in 1967. One of the biggest winners was Madison Garden resident Jimmy Groves who netted a fifty per cent share of a $336 million New York Lotto jackpot back in August 2009. He was one of the few who said that his New York Lottery Mega Millions luck was more of a curse than a blessing as everyone started to try and get him to spend his money.

In March 2014, Cameron Finney got the New York Lottery result he was waiting for when he landed a check for $20 million on the Mega Millions. What was the first thing Finney was going to do with his big win? Buy the car he has always wanted, a nice new Bentley. One thing is sure, the New York Lottery Mega Millions changed more about Cameron’s life than just his car.


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The New York Lottery Powerball Jackpot

Just as big for the players of this vibrant State is the New York Lottery Powerball which has produced some more big winners. In February 2012, Tara Ramirez netted $70 million when the New York lottery result came in and she had the winning Powerball numbers.

In 2011 a group of Costco employees who called themselves the ‘1937 Flatbush Avenue Dodgers’ were hanging on the New York Lottery result when they discovered they had a share of a staggering $201.9 million.

It was New York Lottery Powerball heaven for them.

2011 was a very good year for the New York Lotto because retired firefighter also netted the $122 million in the New York Lottery Powerball prize.

Other New York Lottery Prizes

It’s not just the big jackpots that help people make it big. New York Lotto Mega Millions and Powerball are all very well but many of the people who do scratch cards on a daily basis often end up winning a life changing amount of money.

It happened to 53 year old Doug Smith when he bought two cards at his local restaurant and found that he had won $3 million from one of the many New York Lottery prizes. For him the New York Lottery result happened in a blink of an eye and his life has never been the same since.

Another winning scratch card came for birthday boy John Spotswood who was celebrating his 50th. The New York Lottery result? An impressive $1 million in just the few seconds it took to scratch the card he’d been given as a gift.

The New York Lottery Result and Taxes

8 of the 43 states participating States in the lottery make winnings exempt from income tax. Unfortunately, if you get the right New York Lottery result and net the jackpot then you won’t be one of them. For instance, if you were lucky to win the New York Lottery Mega Millions record jackpot of $636 million in 2013 you would actually end up with just $176 million if you took the lump sum.

Most Lottery Commissions will take out around 28% for tax and other federal expenses but for New York Lottery prizes in the millions then you may well be looking at something like 39.6%. If you get the right New York Lottery result then you probably won’t be too concerned about the amount of tax you’ll have to pay. You’re too happy with that New York Lotto Mega Millions win to care.

That’s often why many winners of the New York Lotto Powerball jackpot choose to take the lump sum which is lower than the annuity.

History of the New York Lotto

The New York lottery as we see it now began back in 1967 but the State has used lotteries to fund projects in the city from its very early days, way before anyone even came up with the idea for the New York Lotto Powerball. Indeed, New York City Hall and many of the State’s bridges were funded in part by money raised in lotteries of various kinds.


It wasn’t until the late 60s though that a regular, State funded lottery came into being with the proceeds largely going towards educational needs. It is run by an autonomous section of the tax office known as the New York State Lottery for Education Law. With the financing of education at its core, the first New York lotto in 1967 carried the worthy slogan of “Your Chance of a Lifetime to Help Education" and since that first draw it has raised over $50 billion with the New York Lotto Powerball and other games.


Whilst it is the state lottery with the highest sales, the New York lottery hasn’t been without its controversy. Between 1975 and 76 it was shut down for 9 months because of scandal and it has also been criticised because of lower pay out percentages than other US states. But that doesn’t stop people playing games like the New York Lottery Powerball where they can become rich beyond their wildest dreams.


Yes, despite the controversy, the New York lottery result is still eagerly awaited by many and has helped to build revenue for numerous educational programmes, as well as making quite a few multi-millionaires. Over the years it has seen some notable stories such as landscaper Marvin Rosales-Martinez who found a $1 million winning ticket whilst raking up leaves and the Dehli clerk who sold himself one of the biggest scratch off tickets in lottery history, netting an astounding $10,000 a week for the rest of his life.

Other New York Lottery Information

Retailers

The New York lottery is sold by a broad range of 16,000 retailers across the State. To become a retailer you need to apply to the lottery commission and have your premises checked out as being suitable to sell tickets. Retailers get a commission on each ticket sold but also a bonus for selling a winning jackpot ticket.


Getting your New York Lottery Result from an app

New York lottery players can now keep track of the results by downloading the official New York Lottery app available on iPhone and Android. It allows players to generate random numbers, see results and find out the odds for each official lottery game. The New York Lottery app features everything from Mega Millions and Powerball to smaller games like the New York Lottery Quick Draw and Pick 10.


You can also now play the New York Lottery Mega Millions and Lotto through on online subscription service that automatically informs you have been a winner. In short, there are more ways than ever to play and find out the New York Lottery result with just the click of a few buttons.


What Happens to the Rest of the New York Lotto Money?

In the fiscal year 2013-14, the New York Lotto Mega Millions and other games contributed a total of 3.17 billion to support educational needs in the State. Over the years the lottery has funded billions for education and continues to do so. While most people concentrate on the New York Lottery result, it’s true to say that the games do far more for the State than just make the odd multi-millionaire here and there. The amount of good that is done by the money raised is often incalculable but it has probably changed far more lives for the better than all the New York Lotto wins put together.


Every week millions of people sit in anticipation of the New York Lottery result and, every so often, a big winner emerges. It might be the New York Lottery, Mega Millions or the Powerball, but you know it’s going to make a massive difference to their life and those around them.

As one retailer for the New York Lottery Powerball draw said recently when it rolled over for a prize fund of $400 million: “Everybody comes. They play extra. Some people play for $100, $200.”

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