Welcome Guest
Log In | Register )
You last visited December 10, 2016, 9:06 pm
All times shown are
Eastern Time (GMT-5:00)

After $10M lottery win, Mass. woman plans 'exceptional Christmas'

Massachusetts LotteryMassachusetts Lottery: After $10M lottery win, Mass. woman plans 'exceptional Christmas'
51
Rating:

STONEHAM, Mass. — Debra A. Roberto, a Stoneham mother, won a $10 million grand prize — the largest instant prize in America — last week in the new Mega Cash game from the Massachusetts State Lottery.

She cashed in her winnings Monday, Nov. 23.

"I've won a little [money] in the past, but I never even dreamed of winning this amount," she recently told the Sun. "I scratch a lot of tickets, so when I scratched this one my husband said, 'Maybe now we're even.'"

Her grand prize ties the record for the largest instant grand prize ever awarded in the United States — and possibly the world.

Roberto opted to receive 20 annual checks for $500,000, instead of receiving the millions upfront. According to her, the state would have taxed the winnings and presented her with a check for only $5 million, half of what the ticket was worth, if she decided she wanted the money immediately.

The Massachusetts State Lottery created the $10 million instant prize two years ago with the introduction of the Billion Dollar Blockbuster. Since then, the Massachusetts Lottery has awarded 14 instant prizes of $10 million and currently has 12 instant prizes of $10 million available for players.

"It's rewarding to see our players win record prizes in our ground-breaking games," said Massachusetts State Lottery Executive Director Mark Cavanagh after presenting Roberto her first annuity check. "The Massachusetts State Lottery has once again raised the bar in instant tickets with our new Mega Cash game."'

'Not much is going to change'

Despite the hefty new paycheck, Roberto vows that her life is no different.

"Honest to God, it's not changing my life," the mother of three said. "People are saying, 'You're full of it.' No, I'm not. ... I mean it's nice that my kids don't have to worry about things down the road. But not much is going to change."

Asked whether she will at least take a nice trip with her family, Roberto responded: "We go on trips anyway ... I get a new car every three years anyhow. I don't know. I might get a better car ... Outside of having an exceptional Christmas, I haven't thought beyond that. Christmas is going to be fun at our house."

Roberto owns a construction company, Donald P. Roberto Construction Inc., with her husband, Donald, based out of their home in Stoneham. The company's garage is located in Wakefield. According to Roberto, the couple will transfer ownership of the firm to their children, and their son will run the business.

The couple have three children — two girls and one boy, who all graduated from Stoneham High School and vary in age from 38 down to 18 — and two grandchildren. All three children still live in Stoneham.

Roberto bought the lucky ticket at Fast Freddie's on Main Street in Wakefield. The store will receive a $50,000 commission on the sale.

A co-manager of Fast Freddie's, who did not want to be named, said he is very happy for the small town of Wakefield. He added that all the employees are hoping Roberto comes back to introduce herself.

"We are hoping the person who wins to come back and say thanks. We don't know exactly who the person is. We saw on the Internet, but we can't picture who that person is," he said. "We just want to see."

"All of the businesses appreciate that this happened in Wakefield, as well as to local people in Stoneham," he added. "It's nice."

When asked if she'd continue to buy lottery tickets, Roberto said, "I've already played again."

Game information

Mega Cash, the newest $20 instant game, features 40 instant prizes of $1 million and four instant prizes of $10 million. The game offers more than $400 million in prizes and more than 8,400,000 winning tickets. One player will win a prize of $20 million. 

News story photo(Click to display in gallery)

News story photo(Click to display full-size in gallery)

Winchester Star

We'd love to see your comments here!  Register for a FREE membership — it takes just a few moments — and you'll be able to post comments here and on any of our forums. If you're already a member, you can Log In to post a comment.

15 comments. Last comment 7 years ago by KY Floyd.
Page 1 of 2
dopey7719's avatar - Lottery-049.jpg
Midlands, SC
United States
Member #69698
January 14, 2009
303 Posts
Offline
Posted: November 22, 2009, 10:28 am - IP Logged

Good for her!!!  It's not often I see someone pick the annuity option.

    Rowen's avatar - animal eel.jpg
    Illinois
    United States
    Member #82001
    November 3, 2009
    890 Posts
    Offline
    Posted: November 22, 2009, 10:35 am - IP Logged

    Smart lady. Wish IL would do a similar game. Sound like it a scratchoff version of pick 6 or jackpot games.

      Littleoldlady's avatar - basket
      Clarksville
      United States
      Member #487
      July 15, 2002
      17638 Posts
      Offline
      Posted: November 22, 2009, 10:39 am - IP Logged

      I have always thought it was the smarter option because it takes 20 years worth of worry off your mind and you don't really know what the stock market will do.

      If you know your number is going to hit, have patience and then KILL IT!

      You never know when you will get another hit.

        hearsetrax's avatar - 0118

        United States
        Member #52345
        May 21, 2007
        2659 Posts
        Offline
        Posted: November 22, 2009, 11:22 am - IP Logged

        I have always thought it was the smarter option because it takes 20 years worth of worry off your mind and you don't really know what the stock market will do.

        I Agree!  and or other XXX Crazy investment ideas

          ThatScaryChick's avatar - x1MqPuM
          Idaho
          United States
          Member #56506
          November 21, 2007
          6537 Posts
          Offline
          Posted: November 22, 2009, 1:52 pm - IP Logged

          Congrats to her, on her win!

          "No one remembers the person who almost climbed the mountain, only the person who eventually gets to the top."

            Avatar
            GEORGIA
            United States
            Member #64238
            August 22, 2008
            9553 Posts
            Offline
            Posted: November 22, 2009, 5:35 pm - IP Logged

            I'm truly happy for her, but how did she claim her prize on Monday Nov. 23 when today is Nov. 22nd. Just asking a question.

              Nino224's avatar - Lottery-013.jpg
              Miami
              United States
              Member #62793
              July 9, 2008
              673 Posts
              Offline
              Posted: November 22, 2009, 9:34 pm - IP Logged

              I'm truly happy for her, but how did she claim her prize on Monday Nov. 23 when today is Nov. 22nd. Just asking a question.

              I think this story is from the future.

              "...a chance to push everything aside, the circumstances that've controlled our lives, and do it our way now. Good, bad or otherwise. You'll maybe get lost in it, tied up in it a little bit, but if you work your way through that the real you shows up, I think. Maybe what's at your core deep down, maybe that comes out. Maybe that's what it's about." Mike Pace 

                Avatar
                California
                United States
                Member #80929
                October 7, 2009
                94 Posts
                Offline
                Posted: November 23, 2009, 1:24 am - IP Logged

                I have always thought it was the smarter option because it takes 20 years worth of worry off your mind and you don't really know what the stock market will do.

                It's better to get the entire jackpot upfront.  In the past, things were different.  However, now the USA has huge trade deficits and huge federal government budget deficits.  You can expect the value of the US dollar to further drop in the future.  You may not have noticed, but the US dollar has already dropped in value.  The price of gold has zoomed in price for US dollars.  The main reason why gas has risen in price is because the value of US dollars has dropped (we buy foreign oil with US dollars).

                It's better to get all the winnings upfront.  This way you have a choice of what to do with them.  You may want to buy gold.  You may want to put your money in a Swiss bank in Swiss francs as a hedge against inflation if things get really bad.  Regardless, if you're getting your winnings over 20 years, you essentially have no options at all.

                BTW, the winner mentioned she would only get half if she got her money upfront.  The reason why lotteries give only half is because of inflation.  Inflation over 20 years typically divides the value of your money in 2.  No matter which option you choose, you are always taxed anyway.  No one can avoid the IRS.

                If you want a general idea of how much a jackpot is worth in cash and after taxes, divide it by THREE (3).  This simple calculation will tell you about how much you will receive.  It is usually very close to the actual amount.

                  Todd's avatar - Cylon 2.gif
                  Chief Bottle Washer
                  New Jersey
                  United States
                  Member #1
                  May 31, 2000
                  23277 Posts
                  Online
                  Posted: November 23, 2009, 7:45 am - IP Logged

                  I'm truly happy for her, but how did she claim her prize on Monday Nov. 23 when today is Nov. 22nd. Just asking a question.

                  Too funny, I didn't notice that.  They must have meant Nov. 16.

                   

                  Check the State Lottery Report Card
                  What grade did your lottery earn?

                   

                  Sign the Petition for True Lottery Drawings
                  Help eliminate computerized drawings!

                    savagegoose's avatar - ProfilePho
                    adelaide sa
                    Australia
                    Member #37136
                    April 11, 2006
                    3301 Posts
                    Offline
                    Posted: November 23, 2009, 10:41 am - IP Logged

                    well , annuity means if you blow it for 1 year, you only have a year to wait to blow it all again.  after 20 years of blowing 500k a year you should have some practice at not losing all your money.

                    2014 = -1016; 2015= -1409; 2016 JAN = -106; FEB= -81; MAR= -131; APR= - 87: MAY= -91; JUN= -39; JUL=-134; AUG= -124; SEP = -123; OCT= -84  NOV=- 73 TOT= -3498

                    keno historic = -2291 ; 2015= -603; 2016= JAN=-32, FEB= +12 , MAR= -86, APR = -77. MAY= -48, JUN= -29, JUL=-71; AUG = -52; SEPT= -43; OCT = +56 NOV = -33 TOT= -3297

                      Avatar

                      United States
                      Member #10720
                      January 23, 2005
                      933 Posts
                      Offline
                      Posted: November 23, 2009, 8:36 pm - IP Logged

                      I remember when the Chubbies won (is that what you would call them, the Chubb people) I said "take the cash option, and buy oil NOW!!!" - had they done so they would have doubled their winnings in less than 1 year. I would say now to take the cash option and buy some gold, and some real estate. The only problem with a 20 year annuity is who knows what the value of a dollar is in the future with the Gov't printing so much and spending so much. i.e. imagine if 20 years ago someone won the Zimbabwean Lotto for $10 million and took an annuity?

                        OldSchoolPa's avatar - Lottery-057.jpg
                        Gurnee, Illinois
                        United States
                        Member #49731
                        February 12, 2007
                        917 Posts
                        Offline
                        Posted: November 23, 2009, 9:23 pm - IP Logged

                        well , annuity means if you blow it for 1 year, you only have a year to wait to blow it all again.  after 20 years of blowing 500k a year you should have some practice at not losing all your money.

                        Well written Cal-LottoPlayer...I was going to say the same thing.  BTW I just saw the "How The Lottery Changed My Life" marathon last Saturday night on TLC.  I was really glad they featured both those who have successfully handled winning the lottery.  They also featured one guy who won $3.6 million at age 18 and is now working a regular job to support his family...he lost the majority putting his trust in a business partner and not having put in place any protection in his 2nd business venture (i.e. make sure to consult with a trusted business lawyer BEFORE and DURING going into any business venture!!!).  The others who had problems were because they told their friends (and I did notice that they did feature a lot of Oregon lottery winners....hmmm).

                        But I digress...getting back to the subject at hand.  I just wanted to say that choosing the annuity option will not necessarily shield a person from making bad decisions that bankrupt them.  The young man I mentioned above had taken the annuity option and it did nothing to protect him from losing it all.  It is possible to make purchases today based on those future payments, and if a person overextends or something else goes awry, then the person can still go bankrupt.  And many people who realize they need more capital than what the annual annuity payment delivers will take a cash settlement from a willing financial institution...receiving a lesser percentage of the remaining annuity value in a lump sum.  The best option is to make out a plan, implement the plan, and periodically review that plan.  The problem most people have is they do not establish a plan and just wing it...tell me how successful would a person be if they didn't utilize any navigational aids and tried to make a road trip from New York to Cairo, Illinois (of course the person would figure he/she would need to head a bit south and a lot west, but the average person would not be able to locate it.).

                        Get MONEY!!! Winning a JACKPOT lottery is all the HOPE and CHANGE I desire!!!  NOW give me MONEY!US Flag

                        The guy who won the presidency in 2008 really won the lottery...he is now millions richer, travels in first class style, and even has a staff that would be the envy of the richest Powerball winner (she has a staff of 2). Every night he goes to sleep, he probably plays the close of Dave Chappelle's Show: I'm rich beyatch!

                          maringoman's avatar - images q=tbn:ANd9GcTbRxpKQmOfcCoUqF2FyqIOAwDo7rg9G-lfJLAALPGWJWwiz19eRw
                          Massachusetts
                          United States
                          Member #37433
                          April 14, 2006
                          2747 Posts
                          Offline
                          Posted: November 24, 2009, 6:09 pm - IP Logged

                          You guys supporting the annuities are kidding, right? Didn't you see what

                          happened to New Jersey this summer? The NJ state politicians slapped 11% state

                          taxes on lottery winnings and back-dated them to the beginning of the year! 

                          So if you win $100,000 you got to pay $25,000 to the federal government then $11,000 to NJ department of revenue.

                          People who won and took lumpsums last year in NJ are not affected by the new law.

                          So if you ever hit just meet up with some smart people from

                          Fidelity Investments and discipline yourself and see the money work for you.Smash

                            OldSchoolPa's avatar - Lottery-057.jpg
                            Gurnee, Illinois
                            United States
                            Member #49731
                            February 12, 2007
                            917 Posts
                            Offline
                            Posted: November 25, 2009, 6:01 pm - IP Logged

                            You guys supporting the annuities are kidding, right? Didn't you see what

                            happened to New Jersey this summer? The NJ state politicians slapped 11% state

                            taxes on lottery winnings and back-dated them to the beginning of the year! 

                            So if you win $100,000 you got to pay $25,000 to the federal government then $11,000 to NJ department of revenue.

                            People who won and took lumpsums last year in NJ are not affected by the new law.

                            So if you ever hit just meet up with some smart people from

                            Fidelity Investments and discipline yourself and see the money work for you.Smash

                            Sounds like a ringing endorsement of Fidelity Investments...I just met with a client who wanted his money to work for him...and he had it invested with Fidelity Investments.  Not knocking Fidelity Investments...good funds, but the key is actually finding SOMEONE who is more focused on YOUR interests than THEIR benefit.

                            Get MONEY!!! Winning a JACKPOT lottery is all the HOPE and CHANGE I desire!!!  NOW give me MONEY!US Flag

                            The guy who won the presidency in 2008 really won the lottery...he is now millions richer, travels in first class style, and even has a staff that would be the envy of the richest Powerball winner (she has a staff of 2). Every night he goes to sleep, he probably plays the close of Dave Chappelle's Show: I'm rich beyatch!