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$1.6 million lottery payout means 'mortgage-burning party' for N.C. man

North Carolina LotteryNorth Carolina Lottery: $1.6 million lottery payout means 'mortgage-burning party' for N.C. man
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RALEIGH, N.C. — A Liberty, North Carolina, man says he plans to pay off the mortgage on his home after his "Millionaire Bucks" win.

Michael Zimmerman, of Liberty, works as an assistant manager at the Ready Mart on North Main Street in Randleman.

According to a news release from the North Carolina Education Lottery, he bought the winning $20 ticket at the store on his day off. He got one ticket and didn't win anything, but said something told him to buy a second one. That one turned out to be the winner.

"I almost fell down," Zimmerman said Friday as he received his check in Raleigh. "I was totally stunned, like a deer in the headlights."

Zimmerman had the option of taking a $4 million annuity or a lump sum worth $2.4 million. He chose the lump sum. After required state and federal withholdings, he took home $1,662,006. He plans to use some of the money to pay off his home.

"I've always wanted to know what it's like to own my own house," Zimmerman said. "I'll have to have an old-fashioned mortgage-burning party."

Zimmerman is the first to win a top prize playing Millionaire Bucks, the news release said. The game began in January with three top prizes of $4 million and five prizes of $1 million.

Two $4 million prizes and four $1 million prizes remain.

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

Fox 8, Lottery Post Staff

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30 comments. Last comment 7 months ago by Murgatroyd.
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music*'s avatar - nw bookeep.jpg
Happy California
United States
Member #157856
August 2, 2014
1522 Posts
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Posted: April 26, 2016, 1:20 pm - IP Logged

 As Michael Zimmerman said,"I was totally stunned."  A very common human reaction to winning the lottery. 

 I am glad that he did not fall down. 

 Be prepared to win big.

 Congratulations to Michael Zimmerman!Shocked

 I've been rich and I've been poor. Believe me, rich is better. 

 Attributed to Joe E. Lewis and others

    Avatar

    United States
    Member #172378
    January 22, 2016
    56 Posts
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    Posted: April 26, 2016, 1:43 pm - IP Logged

    so he's the assistant manager at the grocery store where he bought the winning ticket on his day off and 'something told him to buy one more'......

     

    yep, nothing fishy going on here folks......

     

    Roll Eyes

      LiveInGreenBay's avatar - driver
      Green Bay
      United States
      Member #169391
      October 15, 2015
      1246 Posts
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      Posted: April 26, 2016, 3:07 pm - IP Logged

      $20.00 for a scratch ticket is kind of steep.  Think I'll pass on that one.

      Never give up.  Banana

        Raven62's avatar - binary
        New Jersey
        United States
        Member #17843
        June 28, 2005
        49808 Posts
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        Posted: April 26, 2016, 3:07 pm - IP Logged

        Good Name for this Game!

        A mind once stretched by a new idea never returns to its original dimensions!

          mypiemaster's avatar - 2015021003pileofcash
          JACKPOT HUNTER

          United States
          Member #141034
          April 2, 2013
          1408 Posts
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          Posted: April 26, 2016, 3:16 pm - IP Logged

          Good thing he is not named Patel or this thread would have exploded!!!.

          Seek and ye shall find -Matt. 7:7 ...Ask and ye shall receive -John 16:24 ...Give and it shall be given unto you -Luke 6:38 ...Be careful what you ask for!!! -Mypiemaster 1:1

          Having Money Solves Problems That Not Having Money Creates Yes Nod ****John Carlton****

            Mrs. Lotto-nc's avatar - us2016

            United States
            Member #156276
            June 13, 2014
            2629 Posts
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            Posted: April 26, 2016, 3:21 pm - IP Logged

            Been looking for someone to win a top prize on this ticket!! wondering why it took so long.... Congrats and "spend a little and save a lot" is the motto me and the hubby live by!!! Thumbs Up

            I Agree!I'm good at what I do, my good luck can be yours too!!!

             

            All time favorites:

            916/514/123

            5050/9901/2121/3232 

              LiveInGreenBay's avatar - driver
              Green Bay
              United States
              Member #169391
              October 15, 2015
              1246 Posts
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              Posted: April 26, 2016, 3:34 pm - IP Logged

              Been looking for someone to win a top prize on this ticket!! wondering why it took so long.... Congrats and "spend a little and save a lot" is the motto me and the hubby live by!!! Thumbs Up

              I wonder if they wait before issuing the winning tickets?  If the winning tickets are sold too early, sales would drop to nothing and they'd lose money.

              Never give up.  Banana

                TnTicketlosers's avatar - Lottery-065.jpg

                United States
                Member #71120
                February 19, 2009
                1209 Posts
                Offline
                Posted: April 26, 2016, 3:58 pm - IP Logged

                The Patels are running our country.....I stay clear of all those places now,stores,hotels,subways,.....Keep my money and figure on paper.It's alot cheaper in Tennessee............I know they are losing my money in Murfreesboro.I think it's funny.Cheated us for years.


                  United States
                  Member #108380
                  March 25, 2011
                  505 Posts
                  Offline
                  Posted: April 26, 2016, 4:26 pm - IP Logged

                  The Patels are running our country.....I stay clear of all those places now,stores,hotels,subways,.....Keep my money and figure on paper.It's alot cheaper in Tennessee............I know they are losing my money in Murfreesboro.I think it's funny.Cheated us for years.

                  there are thousands of patels running stores in this country. ok, you stay clear of them. ok to keep your money but what do you figure on paper. what is cheaper in tennessee exactly. who is losing your money in murfreesboro. what exactly is funny and who cheated you for years. i think you got cheated out of an education in school if you actually went. clear this up for everyone.

                    Avatar
                    Simpsonville
                    United States
                    Member #163189
                    January 22, 2015
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                    Posted: April 26, 2016, 8:30 pm - IP Logged

                    Good Name for this Game!

                    Congratulations.  Same here, when I win, here comes the mortgage burning party.  Nice story for a rainy night.

                      Groppo's avatar - cat anm.gif

                      United States
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                      January 7, 2015
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                      Posted: April 26, 2016, 9:43 pm - IP Logged

                      I needs me a small win like he got.
                      I needs to get me a modest house, a RAM pickup, and possibly a Fatboy S.

                      (Of the 3, I can do without the Harley, for now.)

                      • Don't chase the numbers you play.
                      • Play only numbers you've already played, plus however many random picks.
                      • But, ALWAYS the regular numbers you play.  This will make you a winner, not a chaser.
                                (so far, though, I've yet to win any significant lotto prize)
                        ErikB14's avatar - Lottery-049.jpg
                        New Member
                        Clifton NJ
                        United States
                        Member #164641
                        March 9, 2015
                        14 Posts
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                        Posted: April 26, 2016, 11:38 pm - IP Logged

                        Congratulations MR Zimmerman on your windfall '

                          cbr$'s avatar - maren
                          Cordova,Al.
                          United States
                          Member #104482
                          January 15, 2011
                          4927 Posts
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                          Posted: April 27, 2016, 12:44 am - IP Logged
                          Congratulation to Michael Zimmerman on his win. He wants a mortgage burning 
                          party. Great  if it a nice night when you have it. Don't forget some campfire 
                          marshmallows.
                            Bondi Junction
                            Australia
                            Member #57242
                            December 24, 2007
                            1102 Posts
                            Offline
                            Posted: April 27, 2016, 9:20 am - IP Logged

                            A Liberty, North Carolina, man says he plans to pay off the mortgage on his home after his "Millionaire Bucks" win.

                            Michael Zimmerman, of Liberty, works as an assistant manager at the Ready Mart on North Main Street in Randleman.

                            According to a news release from the North Carolina Education Lottery, he bought the winning $20 ticket at the store on his day off. He got one ticket and didn't win anything, but said something told him to buy a second one. That one turned out to be the winner.

                            "I almost fell down," Zimmerman said Friday as he received his check in Raleigh. "I was totally stunned, like a deer in the headlights."

                            Zimmerman had the option of taking a $4 million annuity or a lump sum worth $2.4 million. He chose the lump sum. After required state and federal withholdings, he took home $1,662,006. He plans to use some of the money to pay off his home.

                            "I've always wanted to know what it's like to own my own house," Zimmerman said. "I'll have to have an old-fashioned mortgage-burning party."

                            Zimmerman is the first to win a top prize playing Millionaire Bucks, the news release said. The game began in January with three top prizes of $4 million and five prizes of $1 million.

                            Two $4 million prizes and four $1 million prizes remain.

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

                            Paying off a mortgage may feel good, however it may not be the best financial decision.

                            Lottery winnings should get independent, professional financial advice, before any decisions are made.

                            This is why I believe there should be a cooling off period before winners receive their prize money.

                            We all get a lot out of lotteries!