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NC man can reopen business shuttered by COVID-19 thanks to $1.2 million lottery prize

Oct 4, 2020, 1:05 pm

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North Carolina LotteryNorth Carolina Lottery: NC man can reopen business shuttered by COVID-19 thanks to $1.2 million lottery prizeRating:

Winnings give business owner much-needed relief after pandemic causes financial struggles

By Kate Northrop

FAYETTEVILLE, N.C. — Many business owners and entrepreneurs saw their businesses and livelihoods shuttered after the coronavirus shutdown. But one North Carolina resident now has a chance to re-open his hair salon after winning a $1.2 million lottery prize.

Jeffrey Yi, of Fayetteville, was fortunate enough to win the Sept. 24 Cash 5 jackpot worth $1,247,944 that would help him reopen his hair salon six months after COVID-19 forced it to close.

"My business was shut down because of coronavirus, and I lost a lot of money," Yi told the N.C. Lottery. "I couldn't pay the rent or the employees. This is a chance to reopen again. I'm so happy."

Business owners like Yi struggled to find options and opportunities that would keep them afloat while the shutdown worked to curb the spread of the virus by shuttering businesses deemed non-essential. Yi said he was encouraged by a friend to try his luck playing the lottery, so he gave it a shot.

"My friend said that Cash 5 prize is very high right now, so you gotta buy some tickets," Yi recalled being told. "So I bought them."

Yi stopped by the Speedway gas station on Yadkin Road in Fayetteville to purchase his lucky Cash 5 ticket that would make him a jackpot winner. Using his own numbers, he beat the odds of 1 in 962,598 to match all five numbers in the drawing.

"I was surprised. So happy," he said.

He visited Lottery headquarters in Raleigh on Friday, Sept. 25 to claim his prize. His total winnings amounted to $882,923 after federal and state taxes.

The next Cash 5 drawing will take place tonight, Oct. 4 at 11:22 pm for an estimated jackpot worth $791,000. Drawings occur at the same time every night and can be viewed live on local television stations and the winning numbers are published soon after on Lottery Post's North Carolina Lottery Results page. Tickets cost $1 each.

Lottery Post Staff

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23 comments. Last comment 23 days ago by Technut.
Page 1 of 2
Avatar
Simpsonville
United States
Member #163184
January 22, 2015
2290 Posts
Offline

Something in the water there I swear.   Congratulations on your great big win and knowing your business will once again be in full swing.

    Avatar

    United States
    Member #189422
    April 19, 2018
    30 Posts
    Offline

    Always a nice to hear a feel good story. Nice win .

      Avatar
      725 5th Av,New York,NY 10022
      United States
      Member #197346
      April 9, 2019
      5212 Posts
      Offline

      And 5.2 million business owners were given freshly printed dollars in the amount of $684 billion as a PPP loan which can be forgiven...Future tax payers will have to pay for these businesses such a great idea hahahaha...While the rest 160 million workers were shut with a check of $1200 🤣🤣🤣🤣

      So I said to my people, slow the testing down pleeeease 🤪🤪🤪

        Raven62's avatar - binary
        25
        New Jersey
        United States
        Member #17842
        June 28, 2005
        132540 Posts
        Online

        Party Congrats to the Winner! Party

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

        Catch-22: A dilemma or difficult circumstance from which there is no escape because of mutually conflicting or dependent conditions.

        Corruptissima re publica plurimae leges: When the republic is at its most corrupt the laws are most numerous.

          Avatar
          Kentucky
          United States
          Member #32651
          February 14, 2006
          9009 Posts
          Online

          And 5.2 million business owners were given freshly printed dollars in the amount of $684 billion as a PPP loan which can be forgiven...Future tax payers will have to pay for these businesses such a great idea hahahaha...While the rest 160 million workers were shut with a check of $1200 🤣🤣🤣🤣

          Blame the $20 trillion in debt on over 50 years of deficit spending. The pandemic is not getting better and any plan to help businesses in general, the unemployed, and the average people hurting because of it, will add even more to the deficit.

          The statistic I read showed where the last first stimulus package actually boost the economy, but without a cure things went back to where they were. Can't really say if there will be another package even before the election which might help several Senators on the hot seat get re-elected. 

          Stimulus package or not at least this small business will get a boost!

          Mister we could use a man like Herbert Hoover again

            Avatar
            Maryland
            United States
            Member #162429
            January 2, 2015
            2312 Posts
            Offline

            AWESOME story!! 

            Great to hear a business owner using winnings to keep the business open and employees paid.  He could just call it a day and use the money to retire.

              Avatar
              Chasing $ Millions.
              White Shores- California
              United States
              Member #136473
              December 12, 2012
              6353 Posts
              Offline

              Jeffrey Yi is back in the driver's seat. Congrats!

               

              driving GIF

               * Voice of Reason *   

               

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

                Vergie6's avatar - best halloween-costume-for-cats.jpg
                25
                North Carolina
                United States
                Member #59853
                March 29, 2008
                49472 Posts
                Offline

                I'm so happy that someone won it who really needed it so he could open his business back up!

                Good for him...guess he might ought to give his friend a little bit since he was the one who

                urged him to buy some tickets!😃

                https://youtu.be/UvM2Cmi-YR

                George Micheal is singing in heaven now & the angels are cheering him on!

                  Avatar
                  New Member
                  Blythewood,South Carolina
                  United States
                  Member #153913
                  March 29, 2014
                  1 Posts
                  Offline

                  You did it! Enjoy your winnings.Party

                    Avatar
                    725 5th Av,New York,NY 10022
                    United States
                    Member #197346
                    April 9, 2019
                    5212 Posts
                    Offline

                    Blame the $20 trillion in debt on over 50 years of deficit spending. The pandemic is not getting better and any plan to help businesses in general, the unemployed, and the average people hurting because of it, will add even more to the deficit.

                    The statistic I read showed where the last first stimulus package actually boost the economy, but without a cure things went back to where they were. Can't really say if there will be another package even before the election which might help several Senators on the hot seat get re-elected. 

                    Stimulus package or not at least this small business will get a boost!

                    Socialism for the rich and business owners ONLY hahahaha

                    The rest 240 million - 295 million be happy with few hundred dollars of socialism hahahaa 

                    And the debt is over $26 Trillion NOT $20T

                    US gov can’t have even 3 percent interest rates so 0 - .25 percent interest rates forever and the rest of the world will be dumping the dollar soon...US gov can and will do only one thing expand the money supply and hope inflation is under control which won’t happen because definition of inflation is expansion of money supply hahahaha 

                    So I said to my people, slow the testing down pleeeease 🤪🤪🤪

                      dpoly1's avatar - driver
                      PA
                      United States
                      Member #66139
                      October 16, 2008
                      1991 Posts
                      Offline

                      Awesome!

                      dpoly1 - Playing the lottery to save the jobs of those that build, transport, sell & maintain luxury items! -

                       

                      Eschew Poverty ........... Vote Conservative!

                        Avatar
                        Kentucky
                        United States
                        Member #32651
                        February 14, 2006
                        9009 Posts
                        Online

                        Yep, went back and looked and the $20 trillion was from 2019, but hey it's not like it's real money..........or is it?

                        Mister we could use a man like Herbert Hoover again

                          Avatar
                          Chasing $ Millions.
                          White Shores- California
                          United States
                          Member #136473
                          December 12, 2012
                          6353 Posts
                          Offline

                          Jeffrey Yi is back in the driver's seat. Congrats!

                           

                          driving GIF

                          Gee people, lighten up. l can understand that you may not like me or the post personally BUT these folks here KNOW that they are being filmed, it's not like they were caught off guard. They intended this to be hilarious and it needs to be taken with a pinch of salt. Remove yourself from that bubble you live in, and live a little- if you can.

                           * Voice of Reason *   

                           

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

                            Avatar
                            Simpsonville
                            United States
                            Member #163184
                            January 22, 2015
                            2290 Posts
                            Offline

                            Gee people, lighten up. l can understand that you may not like me or the post personally BUT these folks here KNOW that they are being filmed, it's not like they were caught off guard. They intended this to be hilarious and it needs to be taken with a pinch of salt. Remove yourself from that bubble you live in, and live a little- if you can.

                            Thought your post was funny and I sure miss having a manny transmission especially five speed.

                            If folks don't like you, screw them.   You're good people in my book.   Let them live their miserable little lives and not taking things with a grain of salt.