Posted on: Nov 22, 2022 10:58 am.
Last updated on: November 22, 2022, 11:05 am.
Live! At the Casino & Hotel Philadelphia in the city’s Stadium District, an extraordinarily lucky lottery player recently purchased gameplay that won more than $1 million.
The Pennsylvania Lottery revealed this week that the $700 million casino, which opened in January 2021, sold a Cash 5 ticket last week for Sunday, November 20’s drawing that ended up matching all five winning numbers .
The numbers were 8-17-27-31-38. The $2 ticket won $1,077,663.50 before tax. The odds of matching all five winning numbers is only one in 962,598.
Cash 5 is drawn from the every night at 6:59pm EST WITF Studios in Harburg. Players have the task of choosing five numbers from 43 possible balls.
The winner still has to register in order to redeem their prize. If they do so, Pennsylvania law requires that their identity be made public.
The profit of more than $1 million is before federal tax of 37%. Pennsylvania also receives a portion of lottery winnings, with the Commonwealth imposing an effective tax of 3.07%.
Live! receives a $10,000 bonus for selling the Cash 5 jackpot ticket.
Casinos must be lottery agents
Pennsylvania legalized commercial casino gambling in 2004 when the legislature decided to allow slot machines at state racetracks. Table games were added in 2010.
Pennsylvania continued to expand gambling in 2017 to generate new tax streams. The Republican-controlled General Assembly and Democratic Gov. Tom Wolf agreed to authorize iGaming, mini-casinos, sports betting, video lottery terminals at designated truck stops and airport gaming lounges. The compromise was reached after Republicans refused to increase individual income taxes.
Since the opening of the first slots casino in 2006, lawmakers have sought to limit the potential negative impact such games could have on the state lottery, which is among the wealthiest in the nation. Pennsylvania requires every licensed brick-and-mortar casino in the Commonwealth to become an official representative of the Pennsylvania Lottery.
The Pennsylvania Gaming Control Board has the authority to require each slot machine licensee to sell Pennsylvania State Lottery tickets at its licensed facility in a location that is as close as possible to the payout windows.” the 2004 state permit for gaming machine facilities.
Several other newer commercial casino states, including Maryland and Massachusetts, have since followed Pennsylvania’s lead in requiring their land-based casinos to offer state-run lottery tickets.
The Pennsylvania Lottery remains opposed to the spread of so-called games of skill throughout the Commonwealth. Lottery officials say the controversial machines have cost more than $650 million in sales since 2017.
The legitimacy of unregulated, untaxed gaming devices continues to be stalled in state courts.
The Pennsylvania Lottery is notable for being the only lottery in the country that uses its proceeds exclusively to benefit senior citizens.
The Pennsylvania Lottery provides more than $1 billion annually to a variety of senior citizen programs. These include property tax and rent rebates, free meals, low-cost prescription assistance, free or discounted public transportation, and personal home care.