A Massachusetts man won his second $1 million lottery payout last week — less than two years after drawing a lucky ticket for the first time.
For the second time in 18 months, Rolf Rhodes of Mendon has won a $1 million prize on a Massachusetts State Lottery instant ticket.
Rhodes won his most recent prize in the "$4,000,000 Instant Jackpot" instant game. He chose the annuity option on his prize and received the first of 20 annual payments of $50,000 (before taxes).
He purchased his winning ticket at Imperial Gas and Country Store, 1 Millville Rd. in Mendon. The store will receive a $10,000 bonus for its sale of the ticket.
Rhodes won his first $1 million prize in the "Hit $1,000" $10 instant game on May 22, 2018. He opted to receive that prize in the form of a one-time payment of $650,000 (before taxes). He bought that ticket at Mac Package Store, 96 Prospect Street in Milford.
Three $4 million prizes and seven additional $1 million prizes are still available in the "$4,000,000 Instant Jackpot" $10 instant game.
Way to go Rolf! Congrats!
Lightning can strike twice!
Maybe Rolf Rhodes discovered the perils of the cash lump sum and chose the annuity.
For the next 19 years, he will celebrate once a year when receiving his check in the mail.
"Born under the right star"
Sure music, or he could discover the perils of one of those "It's your money and you can get it now" companies.
Amen to that COIN
It's all about timing , isn't it?
"Observe the measure, for right timing is in all things the most important factor!."
~Hesiod, Ancient Greek Poet/Philosopher
Congrats to the winner.
Sudden money does attract the wrong crowd. Like a magnet attracts iron.
I find those commercials humorous. Opera singers in a bus or on stage.
Factoring companies get as much profit as possible.
My age and health will force me to take the lump sum. I do not want my heirs saddled with a enormous tax headache if I die before the last check.
Congrats Rolf, enjoy!
The OP stated 20 annual payments of $50,000 each, before tax.
What do you think $50,000 pre tax will actually be worth 20 years from now?