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Weak bond market lowers lottery annuity jackpotsNews Story
Situation serves as reminder of how jackpots are calculated The nation's financial crisis is causing a dip in one of the optional jackpots offered in Wisconsin's Megabucks lottery game. The lottery said Tuesday that the annuity option which has a jackpot paid in installments over 29 years will decline for the first time because of a weak bond market. State lotteries fund their annuity options by using ticket revenue to buy conservative, government-backed bonds. For the Wisconsin lott
Oct 29, 2008, 9:06 am - Lottery News

Young lottery winner discusses investment challengesNews Story
After winning million dollar lottery, Wall Street woes bring troubled times Includes video report By Louis Jay Louis Jay is a sophomore pre-business major at Towson University and the former online editor of The Towerlight. About a year ago you would have seen me on television promoting the Maryland Lottery, Let Yourself Play. You may have heard the story. I spilled a Tropicana Coolatta on myself. My grandmother, in her old Jewish wisdom, always said that if you spill something on
Oct 22, 2008, 9:21 pm - Lottery News

$42M lottery winner plans to become a pecan farmerNews Story
A Detroit-area man who won a $42 million Mega Millions jackpot plans to retire from Chrysler and become a pecan farmer in Georgia. Chris Crane, 51, was given a ceremonial check Friday at the Michigan Lottery headquarters in Lansing. The resident of Macomb County's Washington Township told reporters he will leave his job as a Chrysler service engineer within weeks. I always wanted to do a little bit of farming, said Crane, who has some property in Georgia. This will be my chance. Hi
Oct 11, 2008, 3:20 pm - Lottery News

Michigan $42M lottery winner to claim jackpot todayNews Story
Winner will take the full annuity payout The owner of a winning $42 million Mega Millions ticket, sold at a Macomb County, Michigan, liquor store, is expected to show up at Lottery headquarters Friday to collect the fortune. Lottery officials are being tight-lipped about the winner's identity, and won't even disclose if it's a man or a woman. The mystery person or persons will be revealed Friday at a news conference. The winner may do something almost unheard of: receive the money in in
Oct 10, 2008, 8:02 am - Lottery News

Lottery ticket has all the numbers, but 7 seconds lateNews Story
Joel Ifergan came within seven seconds of becoming a multi-millionaire, and he's ready to go to court to claim his windfall. Mr. Ifergan bought a lottery ticket one night at 8:59 p.m., but Loto-Qu bec's computers processed and printed it only after the draw's deadline at 9 p.m. It turned out to be a winning ticket but it popped out of the machine too late. Now, Mr. Ifergan is suing Quebec's behemoth lottery corporation for $13.5 million, saying that the machine's time lag cost him his shar
Oct 8, 2008, 6:54 pm - Lottery News

Mega lottery bucks go unclaimed every yearNews Story
Imagine the luck: You beat the odds and hit the lottery. Now imagine this kind of luck: You don't even know it. Of all of life's weird twists of fate, this is pretty high up there. You could be living in fat city, if only you had checked your ticket or saved it from your jeans pocket before doing laundry. Last year, more than $600 million in lottery fortunes went unclaimed in the United States. That could build, like, half of a football stadium. In California, $29 million went unclaimed
Oct 5, 2008, 11:58 am - Lottery News

Judge rules Washington lottery winners can't be anonymousNews Story
The identity of a Yakima, Washington, couple who won a $6.6 million Lotto jackpot has been revealed after a judge ruled in favor of the state lottery that winners cannot claim jackpots anonymously. This week, nearly 10 months after a temporary injunction that sealed the identity of Michele and Michael Villegas was supposed to be lifted, the names were released. The amount that the couple won is thought to be a local record. But in many respects, their good fortune was eclipsed by the legal
Oct 3, 2008, 10:44 pm - Lottery News

Group of nine claims $207M Powerball lottery jackpotNews Story
Nine friends from Roswell came to the New Mexico Lottery today to collect a Powerball jackpot of $206.9 million the New Mexico Lottery's largest prize ever. The nine winners are Carl and Holly Baldwin, Kevin and Jessica Breedyk, Ron and Cindy Miller, Ryan and Nicole Miller, and Randy Miller. The friends elected to take the prize in a cash payment of $102.9 million rather than the annuity option of 30 payments over 29 years. I Started Bawling With money chipped in by her friends, a d
Oct 3, 2008, 5:25 pm - Lottery News

Windsor mother, daughter face $3.5M lottery fraud chargeNews Story
The Ontario Provincial Police arrested a Windsor, Ont., woman and her daughter on Wednesday on charges of stealing her husband's winning multimillion-dollar lottery ticket. The police began their investigation when Bobbi-Jo Arnold, 39, attempted to claim the $3.5 million prize from the Ontario Lottery and Gaming Corporation on April 4. Her mother Mary Patricia Moore, 59, and other family members accompanied her to the OLGC's Toronto office. Shortly after the two made the claim, Moore's
Oct 3, 2008, 9:03 am - Lottery News

Winning Powerball lottery ticket worth $200M sold in N.M.News Story
Largest Powerball prize ever in New Mexico Lottery offers advice to winner The New Mexico Lottery announced Saturday that it sold the winning ticket for the $200 million Powerball jackpot prize drawn earlier that evening. It was the only winning ticket nationwide. The massive jackpot is the largest Powerball prize ever won in New Mexico. The winning numbers were 13, 24, 29, 40, 52 and the red Powerball number was 29. The Power Play number was 4. The numbers were drawn Saturday
Sep 28, 2008, 7:32 pm - Lottery News