Summary
- In North Carolina, a woman experienced a life-changing moment when her $50 scratch-off ticket won her $8 million.
- The woman won one of the top prizes in the $8 Million Money Maker game.
- The prize winner will receive the total amount through annuity payments of $400,000 per year for 20 years.
A fortunate lottery player in North Carolina is set to receive $400,000 annually for the next 20 years after winning a top prize in a popular scratch-off game. Earlier this week, the North Carolina Education Lottery revealed that a woman from Charlotte claimed one of the top prizes in its $8 Million Money Maker ticket.
The lucky woman will take home the entire $8m prize via annuity payments
The winner bought her $50 ticket at BP Food Mart on West Sugar Creek Road in Charlotte. It was indeed her lucky day, as she defied the odds of 1 in 3 million to claim the top prize from the $8 Million Money Maker ticket, securing an $8 million payout. Earlier this week, the Charlotte resident visited the headquarters of the North Carolina Education Lottery to collect her winnings. Like other major prize winners, she had two options: receive the full amount through annuity payments or take a one-time lump sum. Opting for the annuity, she will receive $400,000 annually for the next 20 years, totaling the entire $8 million. In contrast, the lump sum option would have given her approximately $4.8 million upfront. While most lottery winners choose the lump sum for immediate gratification, she decided otherwise. As a result, she received her first annuity payment of $400,000 and will receive 19 more yearly payments. After taxes, her bank account increased by $287,014.
Players can win different prizes between $100 and $8m
On December 3, 2024, the North Carolina Education Lottery launched the $8 Million Money Maker scratch-off game. Initially, there were five top prizes of $8 million available, with odds of 1 in 3,042,264. Following a recent win, three of these top $8 million prizes are still up for grabs. The game also features a second-tier prize of $100,000, with odds of winning at 1 in 1,521,132. Originally, there were ten $100,000 prizes, but seven remain available. In the lower prize categories, players can win amounts ranging from $100 to $25,000. The overall odds of winning any prize from this $50 scratch-off game are 1 in 4.14.
