It’s the lottery prize that keeps on giving: $1,000 this week, next week, and every week. Wouldn’t that be lovely?
The New York Lottery has announced that a ticket sold for the May 4, 2023 Cash4Life drawing has matched all five winning white ball numbers, but not the Cash Ball. This makes that ticket a second-place prize winner, qualifying the purchaser for the $1,000 per week for life prize.
Who was this lucky winner?
We don’t know yet, as no information about the winner’s identity has been released as of this writing.
Where was the winning ticket purchased?
The winner of the $1,000 a week for life Cash4Life prize bought their ticket at Reliance Wine and Liquor, a New York wine store and lottery retailer. The exact location is shown on the map below.
What were the winning numbers for this drawing?
The winning numbers for the May 4, 2023 Cash4Life drawing can be seen in the following video. The actual drawing starts at about 1:55 in the video.
$1,000 a week for life sounds great. But who knows exactly how long that will be?
Excellent and relevant question. Here are two points that address this issue.
First, the press release states that the prize-winning ticket from this drawing is
“... worth a guaranteed minimum of $1,000,000”
This works out to close to 20 years’ worth of payments. $1,000,000 divided by $52,000 per year = 19.23 years.
And second, the New York Lottery “How to claim a prize” webpage states that:
“The Lottery will continue making payments to the original prize winner, the estate of a deceased prize winner, or whoever the Lottery is ordered to pay pursuant to an appropriate judicial order. This is according to New York State Tax Law Section 1613. Lottery payments will not be accelerated upon a prize winner's death.”
Consulting a qualified legal professional to ensure your estate planning is in order would, it seems, be an excellent thing to do upon winning this kind of a prize.
However, there is another alternative, also listed on the “How to claim a prize” webpage:
“’For Life’ prizes may be paid annually or as a one-time payment, depending on how you choose to receive your prize. When you come in to claim your ticket, your options will be discussed.”
I am pretty sure you would like $1,000 a week for life as much as I would
This is the part where I will ask the reader a question, frequently suggesting they answer in the comments if they want to. But I am avoiding stupid questions today. “Would you like $1,000 a week for life?” would, I think, be one of the sillier questions. Who wouldn’t like a prize like that?
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