Yesterday, Powerball lottery players found out that the lucky winner of the $254 million drawing on November 2 turned out to be three wealth managers from Greenwich, Connecticut. Greg Skidmore, Brandon Lacoff and Tim Davidson opted to take a $104 million lump sum payout (the giant check was made out to the Putnam Avenue Family Trust), which is $22 million more than the total client money they manage at Belpointe Asset Management. Their lawyer did most of the talking for them at the press conference, giving few details... which opened the door for an alleged family friend of Lacoff's to tell the Daily Mail that the trio are fronting for a client who actually won the jackpot. more ›

Meet state worker Michael Kosko (not the winner pictured here). As you can see from this photo in the NY Post, Mike's a Yankees fan. But after losing out on a $319 million lotto jackpot because he didn't have the $2 to join the office pool, he should probably retire that cap and come on over to the Mets. (As Hunter S. Thompson once said of Las Vegas: "Learn to enjoy losing!") Yesterday Kosko, who works in the IT department of the Homes and Community Renewal agency in Albany, talked to the press about losing the lottery. And by golly, he's determined not to let it ruin his life! more ›

NY State Lottery officials are hoping to join the big 32-state lottery, Powerball, in hopes of generating more state revenue. Right now, Powerball is available only in neighboring states like Connecticut and Pennsylvania, so when there's a big jackpot, New Yorkers head out of state to buy tickets. Currently, NY is already part of the 12-state MegaMillions lottery, and Lottery spokesman Jennfier Givner told the Daily News that officials think both games will do well, "People are really attracted to the larger jackpots. With all the states involved, you get these exciting large rollups and huge jackpots that people are interested in and drive sales." It would take 6-12 months to get the game rolling and state thinks it could make $11 million in the first year and another $21 million in later years. However, State Senator Frank Padavan (R-Queens) said another lottery game is a terrible idea, snarking, "Given they are already costing the average family another $4,000 and $5,000 a year, it seems reasonable for them to figure out another way to pull money out of the back pockets of the people who can least afford it." more ›