What Would You Do With A Million Dollars?
Knowing that a $25 scratch-off ticket can foster a million-dollar win, might be worth it the purchase. Wayne Brown of Charlotte took a shot by buying a $25 scratch-off ticket and won a $1 million prize. His ticket of choice was a lucky Extreme Cash ticket from the 7-Eleven on Old Concord Road in Charlotte. This is my first time hearing about a 7-Eleven being the spot for winning tickets. If you win any substantial amount of money it’s best to take a breath and get a good night’s rest to plot your plan before heading to headquarters in Raliegh, North Carolina. Being careful of who you tell about your winnings is important because many people act strange when money is on the table. Contact an accountant to advise you, and or maybe an attorney.
When Brown arrived at lottery headquarters Monday, he had that big decision to make of choosing his annuity prize of $50,000 over 20 years or a lump sum of $600,000. He chose the lump-sum amount of $600,000 and, after required state and federal tax withholdings, took home $427,507. It’s good to know that ticket sales from scratch-off games make it possible for the lottery to raise $2.5 million a day on average for education. For details on how $61.8 million raised by the lottery made a difference in Mecklenburg County last year, visit www.nclottery.com and click on the “Impact” section.