I noticed expensive scratch-off investments pay off more than $1 scratch-offs. Just like it did for John Turner of Shelby who won a $3 million win from a $30 scratch-off. Mr. Turner purchased his Fabulous Fortune ticket from the Kangaroo Express on Mallard Creek Road in Charlotte, North Carolina. When Turner arrived at lottery headquarters Friday to collect his prize, he made a huge decision. He had a choice to receive an annuity of $150,000 over 20 years or a lump sum of $1.8 million. He took the lump-sum amount of $1.8 million. After the IRS took its fair share of required state and federal tax withholdings, he took home $1,282,509. What’s on your bucket list if you won? Turner is going to pay off his car, share some money with his family, and invest the rest. This Fabulous Fortune scratch-off game debuted in July with six $3 million prizes and 18 $100,000 prizes. Since Turner claimed the last $3 million prize, the lottery will begin the process of ending the game.
About North Carolina Education Lottery: Ticket sales from scratch-off games make it possible for the lottery to raise $2.5 million a day on average for education. Cleveland County received $22.8 million in grants, using funds raised by the lottery, to help with school construction. For details on other ways money raised by the lottery helped Cleveland County last year, visit www.nclottery.com and click on the “Impact” section.
