Players must be at least 18 years of age to buy a Lotto ticket, but in locations such as bars, tickets can only be sold to players of at least 21. Players have one year from the date of the draw to claim prizes. Overseas players are subject to 30% federal tax, but should also check local tax laws to find out if additional taxes are applicable at home. Residents of New York City are also required to pay an additional 4% municipal tax, with all taxes being levied at source. Prizes over $5,000 are subject to 9% state tax in New York, plus 24% federal tax. Jackpot winners can choose between a lump sum or annual payments over 26 years. The odds of winning the NY Lotto jackpot are 1 in 45,057,474, with prizes being available at five different tiers. The biggest ever New York Lotto jackpots are: The minimum New York Lotto jackpot is $2 million, with no jackpot or rollover cap. Subscription entry lets up to a year's worth of draws to be made at a time, with group subscriptions also being available for parties of up to 25 players. Players can also take a Quick Pick for a set of randomly generated numbers. To play Lotto, choose two sets of six numbers between 1 and 59. New York Lotto entry costs $1.00 for two sets of numbers. Tickets are sold until 20:00 Eastern Time on draw days and resume shortly afterward Lotto draws are held twice weekly on Wednesdays and Saturdays at 20:15 Eastern Time. NY Lotto is one of several popular state lottery games operated by New York Lottery.
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