New Rochelle expecting couple wins $1M

May 14, 2008 1:12:32 PM PDT
A couple expecting their first child has a head start on the baby's college fund - a $1 million jackpot in the New York state lottery.William and Hope Shanahan of New Rochelle say the timing is perfect. They'll be taking the cash in $50,000 installments over the next 20 years.

Hope Shanahan, who's a waitress, says they won't be doing anything too exciting with the prize money - paying off debts, starting a college savings plan, maybe moving into a bigger condo. The baby is due in October.

William Shanahan, who's an accountant, bought the winning Big Bucks ticket at a local newsstand.

The couple received an oversize $1 million check on Wednesday at Five Islands Park.