By Tom Precious
ALBANY – Looking to raise cash for the state, the New York Gaming Commission is moving ahead with a plan to enter a new multi-state lottery game that promises jackpots of up to $1,000 a day for life.
The game, Cash 4 Life, was tentatively approved at a recent gaming commission board meeting but published as a proposed rule this week.
The game offers a top jackpot that pays $1,000 a day for life.
Well, with one chilling condition. "In the event that a winner dies prior to the expiration of 20 years, the prize winner's estate would be paid the unpaid portion of a guaranteed prize amount," a state document reads.
The new game, if given final okay by the state, will have drawings every Monday and Thursday. Bettors will have to pick five numbers out of a field of 60 and one additional number out of a field of four.
The estimated odds of winning the top prize: one in 21,846,048.
For the state, Gaming Commission officials estimate the new lottery – to be run with some states now in the Powerball and Mega Millions consortia – will bring Albany about $9 million a year in additional lottery revenues.
taggedAlbany | Andrew Cuomo