$30 Scratch-off Could Bring $1 Million Prize
It’s normal to contemplate buying a $30 scratch-off lottery ticket. Susan Underwood of Monroe North Carolina took a chance on a $30 scratch-off and pocketed a $1 million prize. Underwood bought her lucky Millionaire Maker ticket from Rollinghill Express on West Roosevelt Boulevard in Monroe. When Underwood arrived to collect her prize, she had a decision to make. She could choose to receive the prize as an annuity of $50,000 over 20 years or a lump sum of $600,000. She chose the lump-sum amount of $600,000 and, after required state and federal tax withholdings, took home $426,069.
Ticket sales from scratch-off games make it possible for the lottery to raise more than $2.5 million a day on average for education. For details on how $16.4 million raised by the lottery made a difference in Union County in 2021, visit www.nclottery.com and click on the “Impact” section. One positive economic impact is how winners use their prize money. Last year players statewide won on average more than $6.7 million a day in prizes and players won prizes of $1 million or more 102 times. Those big winners tell us they plan to use their prize money to do things such as pay off their mortgage, make improvements around the house or buy a new home. They also share plans to make other purchases, save for the future and donate to causes they care about.
