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19-year-old Massachusetts man hits lifetime lottery jackpot

Jan 3, 2017, 9:21 pm

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Massachusetts LotteryMassachusetts Lottery: 19-year-old Massachusetts man hits lifetime lottery jackpotRating:

BRAINTREE, Mass. — What could be better than getting an Xbox or a new car for Christmas? For one 19-year-old Barre, Massachusetts, resident, the answer is a gift that will keep on giving.

Zachary Pearson became the ninth grand prize winner in the Massachusetts State Lottery's "$1,000 a Week for Life" instant game after he received lottery tickets for Christmas and used the winnings to purchase more, including the grand prize winner, according to the Massachusetts State Lottery.

The winning lottery ticket was purchased at Market Place on the Common, at 6 Moulton St. in Barre.

Pearson opted to receive his prize in payments of $1,000 a week for the rest of his life before tax withholdings rather than the $800,000 cash option. With a current life expectancy of more than 82 years for a male Pearson's age, according to a Social Security Administration calculator, he stands to reap around $3.3 million over his lifetime. There is a minimum 20-year guarantee on the prize.

According to the Massachusetts State Lottery, Pearson plans to use his winnings to pay for his college tuition and a new car.

There is still one more "$1,000 a Week for Life" grand prize left in the $2 instant game.

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18 comments. Last comment 3 years ago by LottoYear.
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San Francisco, CA
United States
Member #166243
May 12, 2015
210 Posts
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Posted: January 3, 2017, 9:49 pm - IP Logged

A minimum of 20 years paid out? In California, it's a MAXimum of 25 years.

 

His prize works out to $72,000 annually before taxes - Nice win Zach Pearson!

 

If my state had an unlimited number of years to collect a "life prize" I would probably opt for the lifetime payout.

    music*'s avatar - DiscoBallGlowing
    Fresno, California
    United States
    Member #157851
    August 2, 2014
    3870 Posts
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    Posted: January 3, 2017, 9:54 pm - IP Logged

    Congratulations Zachary E. Pearson!!!  You are now the most handsome man in your town.LOL

    When will COVID-19 be finished?  A vaccine may protect all of us.

      Avatar

      United States
      Member #141030
      April 2, 2013
      1481 Posts
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      Posted: January 3, 2017, 10:08 pm - IP Logged

      This is like having a middle class job{wage/salary}, without actually having to go to work, even for a second, in your life. Way to go, young fella. Thumbs Up If there was ever an ideal age in which to win the lottery, this is it.

      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****

        TheGameGrl's avatar - Lottery-012.jpg
        A long and winding road
        United States
        Member #17083
        June 10, 2005
        6412 Posts
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        Posted: January 3, 2017, 10:31 pm - IP Logged

        when did we add more weeks to the calendar year? Last I recall we had 52 weeks in a year- thus equating to 52 payments of 1k each week. = 52,000$ .

         

        None the less he is a winner and since each year the feds will get more over time, his weekly payout will go towards making someone great ...again...

        3443 2445 1220 1500 1320

        Value that which cannot be bought or sold.

          zephbe's avatar - animal butterfly.jpg
          South Carolina
          United States
          Member #77165
          July 15, 2009
          897 Posts
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          Posted: January 3, 2017, 11:47 pm - IP Logged

          Congrats to him and he was wise to take the annuity.

          Every champion was once a contender who refused to give up.-Rocky Balboa

          “Don’t let someone who gave up on their dreams talk you out of going after yours.” – Zig Ziglar

            Chris$'s avatar - Sphere animated2.gif
            P A
            United States
            Member #117327
            October 3, 2011
            8252 Posts
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            Posted: January 4, 2017, 12:16 am - IP Logged

            great to be that young and win a prize to last a lifetime.

            and yes it's only 52k a year not 72k.

            still not bad. I'd be happy!

            ♠♣♥♦= $$$$

              Avatar
              Maryland
              United States
              Member #162429
              January 2, 2015
              2168 Posts
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              Posted: January 4, 2017, 5:28 am - IP Logged

              Guaranteed 20 year payout, hummmm... wonder if they will stop the payments at that point?

                hearsetrax's avatar - alien on_computer.jpg

                United States
                Member #52343
                May 21, 2007
                3262 Posts
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                Posted: January 4, 2017, 6:28 am - IP Logged

                Congrats to him and he was wise to take the annuity.

                LOL you can say that again jejeje

                 

                I hope hes wise enough to set a side some of that money for a rainy day and further his education

                  Avatar
                  Florida
                  United States
                  Member #171215
                  January 3, 2016
                  171 Posts
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                  Posted: January 4, 2017, 10:28 am - IP Logged

                  What a great start to adult life for him. Even if he blows all his money one year, more will be there next!

                    cbr$'s avatar - maren
                    100
                    Cordova,Al.
                    United States
                    Member #104478
                    January 15, 2011
                    11333 Posts
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                    Posted: January 4, 2017, 10:54 am - IP Logged
                    Congratulation to Zachary Pearson. He is smart to use some of the money for 
                    college tuition & new car.  Hurray!
                      Avatar
                      homestead
                      United States
                      Member #158177
                      August 14, 2014
                      413 Posts
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                      Posted: January 4, 2017, 3:28 pm - IP Logged

                      great to be that young and win a prize to last a lifetime.

                      and yes it's only 52k a year not 72k.

                      still not bad. I'd be happy!

                      Indeed. Better to take the $1K a week than the $800K lump sum payment that would have given him less money. I wish that we were all that lucky to get a $1K a week for life.

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                        Simpsonville
                        United States
                        Member #163184
                        January 22, 2015
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                        Posted: January 5, 2017, 6:34 am - IP Logged

                        This time I'm an advocate for weekly payments.  I'm not sure how they pay this back home.  Some states pay out quarterly.  One idiot on Mass. lottery Facebook said his payments stop after twenty years.  Don't worry, this LP/MA lottery player set him straight.  Another one wrote that he'd get $34K/year.  Math isn't my forte so taking that post for face value, pardon the pun.

                          American Indian's avatar - disney14
                          Mesa, AZ USA
                          United States
                          Member #172123
                          January 16, 2016
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                          Posted: January 5, 2017, 7:25 am - IP Logged

                          CONGRATULATIONS!!

                          Great Story I really hope he does what he says he's going to, That money won't last forever and he is very Young, hopfully he Makes some good Investments, Graduates College, Gets a Good Job and saves some for his retirement...

                          Good Luck & stay Safe Young ManDance

                          Patriot

                            aux8b's avatar - home

                            United States
                            Member #57791
                            January 19, 2008
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                            Posted: January 5, 2017, 7:54 pm - IP Logged

                                        Hurray!