$100 Lottery Ticket Sold for $3,500
A local California Lottery player said he resold a $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.
Frank Cascarelli, who said he sold the ticket for someone else, placed a classified ad in a Sacramento newspaper offering the ticket for sale. He said Monday that the buyer “was a Carmichael man.”
“That’s all I will say. He paid cash,” he said.
Cascarelli said he persuaded the ticket’s original owner to try peddling it, arguing, “Hey, there’s somebody out there who wants it.”
He said he turned down a commission offered on the sale, because the original owner had been out of work and needed the money.
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,” spokesman Bob Taylor said.
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