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South Carolina man wins $10 million lottery prize during lunch break

May 28, 2019, 5:15 pm

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North Carolina LotteryNorth Carolina Lottery: South Carolina man wins $10 million lottery prize during lunch breakRating:

A South Carolina man became a multi-millionaire during his lunch break, thanks to a lucky North Carolina Lottery scratch-off game ticket.

James Belich, of Lancaster, S.C., recently won the $10 million top prize in the North Carolina Education Lottery's $300,000,000 Supreme Riches scratch-off after buying a ticket in Charlotte.

"You never expect it," said Belich. "You think maybe you'll win something, but not $10 million. It's unbelievable."

"When he got home, he was so shocked all he could do was hold the ticket up in front of my face," said his wife, Emily. "Our two boys are too young to really understand. Our oldest is five and he thinks we won $20."

Belich called his brothers, his best friend since childhood and his uncle in Raleigh to give them the good news. Then he drove to his mom's house to tell her in person.

"You know, I'm one of four brothers," said Belich. "My mom was a single mom. We're all really, really close. It's important for me to share this win with them. When I told her, we both just cried."

Belich had the option of taking a $10 million annuity that has 20 payments of $500,000 a year or a lump sum of $6 million. He chose the lump sum and, after required state and federal tax withholdings, he took home $4,245,009. Belich and his wife don't plan on making any big lifestyle changes just yet and will use their winnings to pay bills and invest.

"We like where we live, it's great to raise a family," says Belich. "We may buy a few extra rounds for folks when we go out, but this prize will create a brighter future for our kids. That's what's important. It's awesome, just a blessing."

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20 comments. Last comment 3 years ago by sweetie7398.
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Marana AZ
United States
Member #145335
August 3, 2013
273 Posts
Offline

Did he go back to work or did he call his boss with "Take this job and shove it" playing in the background?

    Avatar
    Simpsonville
    United States
    Member #163182
    January 22, 2015
    2808 Posts
    Online

    Now with his name, town and picture out there the crazies will be hunting him down.

      Avatar
      ma
      United States
      Member #188574
      March 15, 2018
      109 Posts
      Offline

      Did he go back to work or did he call his boss with "Take this job and shove it" playing in the background?

      he'll continue working. probably less than 5m cash option which he shouldn't take at his age. checking now for actual amounts. he took the cash. didn't finish reading the story. bad mistake on his part. will cost him around 2m overall.

        Avatar
        ma
        United States
        Member #188574
        March 15, 2018
        109 Posts
        Offline

        Now with his name, town and picture out there the crazies will be hunting him down.

        another great reason to take the annuity.

          Avatar
          * In hot pursuit of $ *
          White Shores- California
          United States
          Member #136471
          December 12, 2012
          6767 Posts
          Offline

          he'll continue working. probably less than 5m cash option which he shouldn't take at his age. checking now for actual amounts. he took the cash. didn't finish reading the story. bad mistake on his part. will cost him around 2m overall.

          BB, where does it mentions James's age? Just asking.

           * Voice of Reason *   

          * People who say it cannot be done should not interrupt those who are doing it- George Bernard Shaw.

            Avatar
            Kentucky
            United States
            Member #32651
            February 14, 2006
            9428 Posts
            Offline

            The best stories are like this one; with no "spent my last buck" or the usual drama, just an average person buying a scratch-off and getting really lucky. Wonder if he'll ask for advice from the "experts" that never won a jackpot?

              rcbbuckeye's avatar - Lottery-062.jpg
              100
              Texas
              United States
              Member #55887
              October 23, 2007
              12633 Posts
              Offline

              another great reason to take the annuity.

              Well, there's no guarantee that annuity will be in existence 10 or 20 years from now. Who knows what may happen and poof, money's gone. He would have no control over that annuity. He can find his own investment that can earn interest and be safe.

              CAN'T WIN IF YOU'RE NOT IN

              A DOLLAR AND A DREAM (OR $2)

                rcbbuckeye's avatar - Lottery-062.jpg
                100
                Texas
                United States
                Member #55887
                October 23, 2007
                12633 Posts
                Offline

                BB, where does it mentions James's age? Just asking.

                Doesn't mention his age, but it says his oldest kid is five, and he looks fairly young in the picture.

                CAN'T WIN IF YOU'RE NOT IN

                A DOLLAR AND A DREAM (OR $2)

                  Avatar
                  ma
                  United States
                  Member #188574
                  March 15, 2018
                  109 Posts
                  Offline

                  Well, there's no guarantee that annuity will be in existence 10 or 20 years from now. Who knows what may happen and poof, money's gone. He would have no control over that annuity. He can find his own investment that can earn interest and be safe.

                  there's no guarantee, but it would take a calamity of some sort for it not to be paid out. a calamity which would wipe out his investment also more than likely. if he is prudent and invests smartly, then maybe take the cash. the track record for winners of similar amounts hasn't been that great making it last 20 years plus. if you can't get your hands on it you are pretty much guaranteed to get it every year.  something to look forward to yearly. a 500k less taxes direct deposit into your checking account.

                    cottoneyedjoe's avatar - cuonvFT

                    United States
                    Member #197030
                    March 28, 2019
                    912 Posts
                    Offline

                    there's no guarantee, but it would take a calamity of some sort for it not to be paid out. a calamity which would wipe out his investment also more than likely. if he is prudent and invests smartly, then maybe take the cash. the track record for winners of similar amounts hasn't been that great making it last 20 years plus. if you can't get your hands on it you are pretty much guaranteed to get it every year.  something to look forward to yearly. a 500k less taxes direct deposit into your checking account.

                    but it would take a calamity of some sort for it not to be paid out. a calamity which would wipe out his investment also more than likely.

                    Remember when the state of Illinois couldn't pay its lottery winners? That wasn't because of a calamity that affected other investors, just bad governance. (They eventually paid what they owed winners.)

                     

                    the track record for winners of similar amounts hasn't been that great making it last 20 years plus. 

                    You don't know that. You only know what you read in the papers, and the papers prefer salacious stories of lottery winners ending up broke. If it bleeds, it leads. 

                     

                    I think the bottom line is some people cannot resist playing arm-chair financial adviser. Unless you know his financial situation and what his goals and priorities are, you can't know whether the annuity or cash option is better. Worry about yourself.

                      music*'s avatar - DiscoBallGlowing
                      Fresno, California
                      United States
                      Member #157849
                      August 2, 2014
                      3959 Posts
                      Offline

                      there's no guarantee, but it would take a calamity of some sort for it not to be paid out. a calamity which would wipe out his investment also more than likely. if he is prudent and invests smartly, then maybe take the cash. the track record for winners of similar amounts hasn't been that great making it last 20 years plus. if you can't get your hands on it you are pretty much guaranteed to get it every year.  something to look forward to yearly. a 500k less taxes direct deposit into your checking account.

                      billybucks,  I calculated that if you multiply tonight's MM Annuity by .63 that equals = $263,3000,000.00

                      The MM annuity tonight is $418,000,000.00 You pay 37% taxes on it and the result equals the Cash Lump Sum = $263,300,000.00

                       Understand? The taxes will be paid. 

                       The Annuity grows tax free. Uncle Sam gets his cut either way.

                       The tax rate is low now. Nobody knows what they will be in the future.

                       I have to factor in my age and health. I do not want to leave my heirs a tax headache when the IRS comes and collects the remaining taxes as a lump sum after I die. The IRS does not care if they can pay it or not. Will they have to go into debt to pay the taxes the IRS wants?

                        Taking the Lump Sum is no piece of cake either. Emotions can destroy it. Being too generous. 

                       You will have to say NO now or later after you have given a lot away. 

                      Type

                       "We are all in this together!" 

                        Avatar
                        Kentucky
                        United States
                        Member #32651
                        February 14, 2006
                        9428 Posts
                        Offline

                        there's no guarantee, but it would take a calamity of some sort for it not to be paid out. a calamity which would wipe out his investment also more than likely. if he is prudent and invests smartly, then maybe take the cash. the track record for winners of similar amounts hasn't been that great making it last 20 years plus. if you can't get your hands on it you are pretty much guaranteed to get it every year.  something to look forward to yearly. a 500k less taxes direct deposit into your checking account.

                        If there is a guarantee, the state of S.C. is making it because they simply divide the prize $10 million by 20 yearly installments. Based on the $6 million cash value, they need to get an annual 5.6% interest rate. The current Federal tax rate on $500,000 is slightly over 30%* and 6% in South Carolina. IMO, I'd be more worried about a large increase in the state tax than Federal.

                        *$45,689.50 plus 35% of the amount over $200,000

                          Avatar
                          Kentucky
                          United States
                          Member #32651
                          February 14, 2006
                          9428 Posts
                          Offline

                          "I think the bottom line is some people cannot resist playing arm-chair financial adviser. Unless you know his financial situation and what his goals and priorities are, you can't know whether the annuity or cash option is better. Worry about yourself."

                          It could be jackpot envy or probably similar to arm chair coaches; even though they have no experience running a professional sports team, they have tons of ideas how they should be run.

                            Avatar
                            Simpsonville
                            United States
                            Member #163182
                            January 22, 2015
                            2808 Posts
                            Online

                            music*, was hoping it was you that had the five #'s in CA last night.  The ticket actually paid out better than the Megaplier of two, just over $2.5 million.  Now onto 444.