The lottery in New York consists of state administered number games, which include random number drawings and instant scratch off tickets. Tickets are sold through agents authorized by New York State. Authorized retailers include convenience stores, supermarkets, dollar stores, and candy stores. Prizes of up to 0 can be collected at any authorized dealer for small amounts won through scratch off tickets, or at customer service centers located throughout the state. While many people disdain games of chance, many people approach them as a hobby, with a small glimmer of hope that they can instantly achieve financial independence through a successful outcome of luck, and perhaps skill. As the well known television commercial states, all it takes is a dollar and a dream.
The following games are currently offered in NYS, and are open to both residents and non-residents.
Mega Millions: Each ticket costs and allows you to participate in a daily drawing for the jackpot. For an additional a player can purchase a multiplier provided that he has the winning number. Although the prize might be comparatively lower than the Powerball, you can still probably afford a nice retirement in Aruba with its prize.
Powerball: Tickets for this multi-state lottery cost . Although the odds are larger than in the Mega Millions game, the stakes are higher since the jackpot is fed through lottery buyers from many states.
Lotto: Wednesday and Saturday evenings, 6 winning numbers and an extra digit sequence are randomly drawn from 59 numbered balls from an automated lottery machine. 5 possible prizes make this an enticing lottery.
Sweet Million: Game results take place on Monday and Thursday at 9:30 p.m. Winning numbers are derived by chance from a field of 40.
Match 6 of 6 numbers and your prize is a cool million dollars.
Match 5 of 6 numbers and you will win a decent 0.
Match 4 of 6 numbers and you will have for gas.
Match 3 of 6 numbers and you will gain to tip your waiter.
There also many variations of scratch off games, with some providing you with an immediate payout, while others grant you a life time annuity, or a smaller but also instant cash payout.
As an interesting side note, there are financial companies that seek out lottery winners who receive annuity payments. These investment firms will usually offer a one time payout in exchange for all future payments due from the state.
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