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Old Strategy, New Fortune for Bronx Monopoly Player

“I always play the new tickets as soon as they come out.” That’s how Jamal Altareb, New York’s first jackpot winner on the Monopoly instant game, describes his strategy for winning a $2,000,000 jackpot prize on the $10 scratch-off game. New York Lottery retailers statewide began selling the Monopoly game on July 19th. Altareb bought his winning ticket on July 28th and claimed his $2,000,000 prize on August 1st.
Altareb is a former deli owner who moved to New York City from Yemen 28 years ago. The 47-year-old father of five said scratching his Monopoly ticket to reveal a $2,000,000 prize was easy, but keeping the news to himself was not. “I scratched the ticket in the store and knew I was a winner,” said the new Lottery millionaire. “I called my brother right away and then told my wife and children. I couldn’t wait.” He purchased his winning ticket at the Mohegan Grocery Store on E 180th St. in the Bronx.

The Lottery’s new $10 Monopoly game is one of a select number of instant games offering a lump sum jackpot prize.  Players like Altareb who win the top prize on the $10 Monopoly ticket receive the $2,000,000 prize as a one-time payment instead of 20 annuitized payments. Altareb’s net check totaled $1,243,080.  His plans for the money include buying a house and taking care of family in New York and abroad.

Other New York Lottery instant tickets featuring a lump sum jackpot include $1,000,000 Cash Bingo and $1,000,000 Cashword – both are $10 games.

The New York Lottery continues to be North America’s largest and most profitable Lottery, contributing over $3 billion in fiscal year 2010-2011 to help support education in New York State.  The Lottery’s aid represents over 15 percent of total state education funding to local school districts. 

New York Lottery revenue is distributed to local school districts by the same statutory formula used to distribute other state aid to education.  It takes into account both a school district’s size and its income level; larger, lower-income school districts receive proportionately larger shares of Lottery school funding.