New York Lottery
The New York Lottery began in 1967 as the third modern U.S. lottery. Players must be at least 18; however, the minimum is 21 for Quick Draw. The first big winner of the Lottery was Lou Eisenberg, who won $5 million in 1981; in that era, winners could not choose cash in lieu of annuity payments.
Prior to the 20th century, lotteries were used in New York to raise revenue for non-educational needs. New York City Hall was built in part with lottery proceeds. Other lotteries helped build and repair canals, roads, ferries, and bridges. Lotteries also were held for non-public needs. They helped develop New York City's manufacturing industries. Churches were built, rebuilt, or improved with lottery funds.
The Lottery began in 1967; its first slogan was "Your Chance of a Lifetime to Help Education". It has generated over $34 billion in aid to education revenue. The original intent of the lottery was to provide funds for education.
An agreement between Mega Millions and Powerball was reached in October 2009. All lotteries then with either game were allowed to sell tickets for both games beginning January 31, 2010; New York was among those which joined the "other" game on that date.
Lottery drawings are syndicated to television stations. Lottery winnings are subject to state and Federal income taxes. New York City and Yonkers residents also are subject to local income taxes.