A North Carolina man has turned a $50 lottery ticket into a life-changing $1 million win. Maurice Young, from Lincolnton, purchased a ticket for the $10 Million Spectacular scratch-off game, offered by the North Carolina Education Lottery. His decision to try his luck paid off when he discovered he had won one of the game’s $1 million prizes.
Young bought his winning ticket at Kingsway on North Aspen Street in Lincolnton. The $10 Million Spectacular game has been popular among players, offering the chance to win big with a relatively small investment. For Young, the gamble turned into a significant windfall.
This win marks the thirteenth $1 million prize claimed from the $10 Million Spectacular game. With a total of 20 such prizes available, seven still remain unclaimed. The odds of winning one of these $1 million prizes are steep—1 in 813,895.5—making Young’s victory even more noteworthy.
After confirming his win, Young visited the North Carolina Education Lottery headquarters to claim his prize. He faced a decision: take the full $1 million in annuity payments of $50,000 per year over 20 years, or opt for a lump sum of $600,000. Young chose the lump sum, a decision many winners make to receive their money upfront.
However, lottery winnings in North Carolina are subject to state and federal taxes. After taxes, Young walked away with nearly $429,000. While this is less than the initial $1 million prize, it’s still a substantial amount that can have a major impact on his life.
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