Huge Progressive Win

[Solomon]

LINCOLN, DELAWARE -- The first winner of the nation's first multistate progressive slot jackpot won the prize Sunday, July 30th at Lincoln Park.

The new Ca$hola game links slot machines at Lincoln and Newport Grand and slot facilities in Delaware and West Virginia. A portion of each dollar gambled at each machine is put toward a jackpot that can be won by gamblers in any state. The game started on July 18 and is coordinated by the Multi-State Lottery Association, a group of lotteries that runs Powerball.

The chance of winning is about 1 in 7 million.

Richard Keels, of Mattapan, Mass., hit that jackpot Sunday, according to the Rhode Island Lottery. The 20-year annuity was $708,558.20, but he chose to take the cash payout of $454,319.

Higher jackpots are thought to entice more gamblers, creating more money for the slot parlor. The state takes about 60.5 percent of the slot revenues at Lincoln Park, $205.4 million last year.

[najdoyza]

Are the annuity paymets on those like the lotto payments - they stop if you die? Or are they payable to your estate and transferable to your heirs? I see a major trend for people taking half the prize now instead of taking the payments and getting the whole thing in the lotteries and I know that a lot of lottery winners seem to be old enough that they are possibly thinking they might not survive 20 years.

[Solomon]

I'm betting that they stop if you die, but this might vary from state to state. Still, if I was a senior, I think I would take as much as I could get my hands on and then spend it like crazy. If my kids wanted some of the money,then they could go out and win their own darned lottery.

Actually, I imagine I would be extremely generous with friends and family if I ever won the lottery.

[sagepowder]

I am new here, just saying hello

<3 sagepowder