A man named Alfred Anthony managed to win $1 million by investing only $10 in a Scratch-Off lottery ticket. However, at the time of collecting the prize he made a decision that cost him more than half of his prize.
The man bought a Hamilton game ticket at a Foust Corner Market store located on East Center Street in the city of Mebane, North Carolina.
When Anthony arrived at lottery headquarters Friday to collect his prize, he was given two options to do so: he could choose to receive the prize as a $50,000 annuity over 20 years or receive a single payment of $600,000.
He chose the balloon payment of $600,000 and, after required state and federal tax withholdings, took home $427,503.
This means that you lost $572,497 by having everything in one payment.
The Hamilton game went on sale in September 2022 offering four top prizes of $1 million.
There is still one ticket worth $1 million that no one has won.
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