New York Celebrates Second Consecutive Powerball Win
Payout For NY Winners At All Levels Tops $349 Million
OCTOBER 29, 2018 — With two winning jackpot tickets for Saturday’s Powerball drawing, the news came early today that one of the multi-million dollar winning tickets was sold in New York. The second winning ticket was sold in Redfield, Iowa.
The jackpot, estimated to be a $687.8 million annuity, has a cash value of $396.4 million. The winning tickets are each worth an annuitized $343.9 million or $198.1 million lump sum. New York’s jackpot-winning ticket was sold at West Harlem Deli at 2040 5th Avenue in New York City. It is the largest Powerball jackpot won this year and the second consecutive jackpot won in New York.
“The excitement of Powerball was somewhat overshadowed this week by Mega Millions, but we are thrilled to see the $343.9 million jackpot win for New York,” said New York Lottery Director Gweneth Dean. “It’s been a winning week across the board, for players, our schools and for Lottery retailers.”
Dean pointed to the prizes, commissions paid to lottery retailers, and Lottery Aid To Education generated from the current Powerball roll up to bolster the point. Since this Powerball jackpot began rolling on August 12:
- New York’s Powerball prizes to players totaled $363,435,042
- Lottery Aid To Education accrued to $39,062,593
- New York Lottery retailers earned $6,696,444
- Five winning $1 million tickets sold in New York
In addition to the jackpot winner for last night’s drawing, the New York pool of winners totals $5,195,459 million. The prize pool included two $1 million winners, both of which were sold in Nassau County; three $150,000 winners and 23 $50,000 winners.
This is the second jackpot won in New York this year. The most recent win was $245.6 million, which was claimed by the Sea and Sand Trust in September. The trust claimed the jackpot in a $99.3 million lump sum.
About the New York Lottery
The New York Lottery continues to be North America’s largest and most profitable Lottery, contributing $3.37 billion in fiscal year 2017-2018 to help support education in New York State. The Lottery’s contribution represents approximately 13 percent of total state education aid 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.
New Yorkers struggling with a gambling addiction, or who know someone who is, can find help by calling the State's toll-free, confidential HOPEline at 1-877-8-HOPENY (1-877-846-7369) or by texting HOPENY (467369).Back To News And Finances