New York Lotto

New York Lotto:
The New York Lotto is simply a fun draw game that allows players to win millions of dollars.This
game is played in New York , a city in the United states of America. The New York lotto game is
played by matching 6 (between 1 and 59) numbers with the lottery results. If all the six numbers
matched with the results, then the player would hit the jackpot. In this game, a bonus number is
also drawn, which boosts your prize money. If the player matches the bonus ball number along
with any five of the six numbers, then he will win the second prize. The bonus ball is not
included in your ticket.The players can also purchase a minimum of two lines of six numbers for
$1.
The New York Lotto game began in 1978, and the first prize money was about $3 million in
$1990. The American Government and Bureaucratic lottery games organised the New York
Lotto game with a 60% amendment to support the educational funds. The jackpot prizes in this
game vary from year to year depending upon the number of sales and winners. Prizes are
awarded if at least three out of six numbers match with the results.
How to play the New York Lotto:
The rules for playing this game are simple and easy, and you need to be 18+ to participate.
Here are the steps you need to follow while playing this game:
1- First of all, go to any nearby New York lottery retailer and buy a ticket. Each New York lotto
entry ticket costs $1 for two different number lines.
2-Select any 6 numbers between 1 and 59. You can choose the numbers of your own choice, or
if you are struggling to pick the numbers, then you can ask for a quick pick. The Quick Pick will
automatically generate numbers for you. A bonus ball is also drawn in this game that increases
your prize money. The bonus ball number is basically the seventh number that is not included in
your ticket.
3- Store your ticket in a safer place.
4- When the results are drawn, match your selected numbers and the bonus ball number with
the lottery reward. The New York Lotto results are drawn every Wednesday or Saturday at
8:15 p.m.
5- If you have matched all the six main numbers, you will hit the jackpot that is worth millions of
dollars. The jackpot prize of the New York Lotto game starts at $2,00,000 and can go up to
$3,00,000 when there are no jackpot winners after each draw. The first and second jackpot
prizes have no limit. They keeps on increasing until someone becomes able to match all the six
numbers.
6- If you have matched five numbers and one bonus ball number, you can win the second prize.
The New York Lotto reward money changes depending upon the numbers you have matched.
7-After winning the prize, go to any licenced lottery retailer in your state. Show your ticket and
receive your reward.
Each New York lottery play slip has 10 entries .It costs about $5 if you want to play them all. You
can buy tickets any time on the non-draw days, but you need to buy tickets before 11:00 p.m.
If you have purchased a ticket within the last 30 days, then you can ask for the next drawing
with the same numbers.
Odds of Winning in New York Lotto Game :
The following table shows the category of prizes on the basis of the identical numbers and odds
of winning in this lottery game:
Prize Level Numbers
Matched
Prize Fund
Percentage
Odds of
winning
(1st line)
Odds for a $1
wager
(2nd line)
Jackpot 6 75% 1 in
45,057,474
2nd 5 + Bonus 7.25% 1 in 7,509,579
3rd 5 5.50% 1 in 144,415
4th 4 6.26% 1 in 2,180
5th 3 6% (prize is fixed at
$1)
1 in 96
The overall chances of winning in any category are higher in 1-46.
How to claim your lottery reward:
If your reward is worth about $600. You can simply claim this price by going to the lottery
retailer. But, if your prize money is worth more than $600, then you have to follow this
procedure:
Visit the New York lottery’s customer service center. This process includes a claim form, which
you need to fil out to claim your prize. You will have to fill this form carefully. After going through
this process,you will be able to claim your prize money.
You can also get your lottery prize money by mailing your ticket to the New York Lottery's
headquarters at PO Box 7533, Schenectady, NY 12301-7533.
You have two options to receive your prize money:
1-Annuity option:
The annuity option applies to the jackpot prizes only. In this option, the prize amount is
paid out as one immediate payment that is followed by 29 annual payments. One of the
best things about this option is that each amount is 5% larger than the previous one. It
means that ifyour initial payment is 1.5 million then it will extend up to 6.2 million in the
future. So, with the help of this, you can improve your lifestyle.
2-Cash option:
The second option that applies to your jackpot amount is the cash option.In this option,
all the amount is paid as one lump-sum payment equal to all the cash in the jackpot
prize pool.
The amount over $5000 is subject to federal or state taxes. The citizens of New York (Yonkers)
will have to pay these taxes to the government. You can seek advice from financial advisors if
you need more information about taxes.
The eastern time of the New York Lotto result draw is 8:15 p.m, and the player has 15 minutes
before the draw to purchase a ticke
Frequently Asked Questions (FAQ’s):
Q 1:Which one is better:
choosing numbers on your own or asking for Quick Pick?
Ans:The odds of winning will remain the same whether you choose on your own or ask for a
quick pick. So, both are better.
Q 2:Can I play the New York Lotto game if I live in another state?
Ans:You don’t need to be a resident of New York, but you must be physically present at the
time of buying the ticket.Also,if you have any lottery prize, then you need to return to New York
to claim the prize, or you can mail your ticket to the New York Lottery's headquarters at PO
Box 7533, Schenectady, NY 12301-7533.
Q 3:How long can I claim my prize?
Ans:You can claim your reward within one year from the draw date.
Q 4:What if I lost my lottery ticket?
Ans:If you have damaged your ticket, you can restore it by signing your name and social
security number on the back of your ticket or by mailing it to the New York lottery website for
verification. Also,include your contact number.
If you have lost your winning ticket,you may not be able to receive your reward. In this case,
contact the customer service centre as soon as possible and report the loss.
Q 5:How long can I keep a New York Lotto game ticket?
Ans: You can buy tickets before 11:00 p.m on the draw days.
Q 6:How much does a play ticket cost?
Ans:The player can purchase a ticket for two lines of six numbers for $1.
Q 8: What is the Eastern time of the NY Lotto results draw?
Ans: The Eastern time for the result draw is 8:15 pm, and the player is able to buy tickets upto
15 minutes before the draw time.
Q 9:What is the age limit for lottery games?
Ans: Your age must be 18 years or older to participate in lottery games.
Q 10:Are taxes applicable on the lottery prizes?
Ans: Yes, federal or state taxes are applicable on the reward money.
Q 11: What is the highest jackpot prize in New York Lotto history?
Ans:The highest jackpot prize in the history of the New York Lotto game was about $65
million. In the year 2007, New York City resident Degli Martinez won this amount. He had to wait
about a year to receive this money because he had lost his ticket.