Lottery Player Sells His $100 Winning Ticket for $3,500
A lottery player says he has resold his $100 winning ticket for $3,500.
The new owner, upon claiming the prize at the Sacramento lottery headquarters, will be entered in a drawing with 6,249 other $100 winners for a chance at being in a grand-prize spin.
Ten finalists out of every 6,250 $100 winners spin a wheel for prizes of up to $2 million.
Frank Cascarelli, who said he was selling the ticket for someone else, placed a classified advertisement in a Sacramento newspaper offering the ticket for $7,000.
He said the buyer “was a Carmichael man. That’s all I will say. He paid cash.”
Cascarelli said he persuaded the ticket’s original owner to try peddling it, arguing, “Hey, there’s somebody out there who wants it.”
Although lottery officials are concerned about the development of a secondary market for the $100 tickets, reselling them is legal.
“At the present time, there’s nothing that prevents it,” said lottery spokesman Bob Taylor.
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