He chose to receive his winnings as a one-time, lump-sum payment of $890,000.00.
Holmes purchased his winning ticket from Discount Tobacco Shop, located at 13120 Lillian Highway in Pensacola. The retailer will receive a $2,000 bonus commission for selling the winning Scratch-Off ticket.
The $5 game, 50X THE CASH, launched in September 2020 and features more than $131 million in cash prizes, including ten top prizes of $1 million.
The game s overall odds of winning are 1-in-3.97. Recommended for you
Florida Lottery: Alabama man wins $1 million scratch-off top prize Share Updated: 3:06 PM CDT May 11, 2021 WVTM 13 Digital Share Updated: 3:06 PM CDT May 11, 2021
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Show Transcript If you ever win the lottery, you will need to set up a plan quickly to stay sane and rich money talks News recommends you start by staying as anonymous as possible to avoid people, not to mention scammers coming out of the woodwork. To try to get a cut. Find an attorney and advisor, preferably a certified financial planner specializing and working with people who suddenly come into money. Consult your advisers before you sign the winning ticket. Hire a certified public accountant that can help you deal with the taxes on your winnings. Again consult someone who deals with big numbers. The side of the lump sum or annual payments is right for you, Forbes recommends. You don t make any major lifestyle changes for the 46 months after winning. Final
Man wins $1 million prize from scratch-off after trip to Florida
He chose to receive his winnings as a one-time, lump-sum payment of $890,000.00.
Holmes purchased his winning ticket from Discount Tobacco Shop, located at 13120 Lillian Highway in Pensacola. The retailer will receive a $2,000 bonus commission for selling the winning Scratch-Off ticket.
The $5 game, 50X THE CASH, launched in September 2020 and features more than $131 million in cash prizes, including ten top prizes of $1 million.
The game’s overall odds of winning are 1-in-3.97.
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