Friday, May 17, 2013
Washington Business Journal: Gaithersburg CEO promises family, employees up to $1 million if he wins.
The Powerball jackpot for Saturday's drawing has been raised to become the largest Powerball jackpot in U.S. history. Due to strong sales, the jackpot for Saturday was raised from $550 million to $600 million, with a $376.9 million cash option. No ticket has had the winning numbers for the past 13 drawings—since early April, according to a Maryland Lottery news release. One Gaithersburg CEO will share the wealth if he's lucky enough to win the grand prize. Dennis Kane, CEO of Gaithersburg's Kane Construction Inc., promised his family members and employees he would pay off their mortgages, up to $1 million each, if he wins, The Washington Business Journal reported. Kane purchased 50 tickets Friday for $100 and then sent an email to his …
Wednesday, January 2, 2013
Slot machine payoff is largest in casino’s history.
- LOCAL CONNECTIONS
- Ben Gross
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Wednesday, January 2
A Maryland man surely has a different perspective on the tax changes the fiscal cliff may bring after winning the largest jackpot in the nine-year history of the Borgata Hotel Casino & Spa on Sunday, according to the Press of Atlantic City. The man, who asked not to be identified, was on vacation in Atlantic City, played a $5 “Wheel of Fortune” slot machine that offered a progressive jackpot, and won $3,843,951. How Stuff Works’ website states that the odds of hitting the jackpot on a three-wheel slot machine are 262,144 to 1. According to the IRS, gambling winnings are “fully taxable, and must be reported on your tax return.” In many cases, casinos will take 25 percent of your winnings for the IRS. While some smaller gambling winnings …
Wednesday, November 28, 2012
Wednesday's Powerball jackpot is expected to surpass $500 million.
- THE NEIGHBORHOOD FILES
- Greg Cohen
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Wednesday, November 28, 2012
Do you know where to purchase your lucky ticket for Wednesday night's $500 million Powerball jackpot? Maryland Lottery and Gaming Control Agency spokeswoman Erica Palmisano recommended four locations in various parts of Gaithersburg. The multi-jurisdictional lottery is played in 42 states—including Maryland and Virginia—plus Washington, D.C. and the U.S. Virgin Islands. The game first arrived in the Old Line State in 2010.
Tuesday, November 27, 2012
The next drawing is set for Wednesday night.
The jackpot for Wednesday's Powerball drawing has climbed to a record $500 million after Saturday's drawing failed to produce a winner. The multi-jurisdictional lottery is played in 42 states—including Maryland and Virginia—plus Washington, D.C. and the U.S. Virgin Islands. The game first arrived in the Old Line State in 2010. Saturday marked the 15th consecutive Powerball drawing without a winner. The jackpot for Wednesday was initially announced as $425 million, but lottery officials said a surge of ticket purchases over the weekend pushed the total to $500 million. The last time a Maryland ticket brought home a Powerball jackpot was just under a year ago. On Christmas Eve 2011, a couple who played their numbers in Cecil County walked …
Friday, November 16, 2012
The next drawing is set for Saturday night.
The jackpot for Saturday's Powerball drawing has climbed to $214 million after Wednesday's drawing failed to produce a winner, lottery officials report. The multi-jurisdictional lottery is played in 42 states—including Maryland and Virginia—plus Washington, DC, and the U.S. Virgin Islands. It was almost a year ago that a Maryland resident last won a Powerball jackpot. On Christmas Eve 2011, a Cecil County couple's winning ticket brought them a $128.8 million dollar prize. More recently, one of three winning tickets in March's $640 million Mega Millions drawing was sold at a 7-Eleven in Milford Mill. The largest Powerball jackpot ever—$365 million—came in February of 2006. The lone winning ticket was purchased by eight employees of a Congra…
Tuesday, August 14, 2012
The drawing will take place Wednesday for a chance to win the fourth largest Powerball jackpot since 1992.
Who wants to be a millionaire? The Powerball jackpot bumped up about $20 million today after anticipation built around the jackpot amount, according to a Maryland Lottery official. Spokeswoman Erica Palmisano said as the jackpot exceeded $300 million this morning, people started buying tickets – causing the payout to shoot up to $320 million and making it the fourth largest Powerball jackpot since it began in 1992. “Clearly people are very excited about it,” Palmisano said. “We’re hoping Maryland has a winner.” The odds for winning the pot are about 1 in 175 million, she said, and those odds don't change no matter how many people buy tickets. A 58-year-old Fort Washington man won a $1 million second-tier Powerball prize in May, one of …
Elaine
2:48 pm on Wednesday, January 9, 2013
Yes, let the man enjoy his winnings....if it were you, you sure as hell would't be giving it back to the machine. I would pay off some bills, enjoy a nice vacation, help some folks in need. There is plenty to do with it in addition to saving. As one poster put it, he didn't rob, beg, borrow or steal it, so let him enjoy. Congrats! more ›