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

Comment #20

sweetie7398 — Thu, 06 Jun 2019 00:10:05 GMT

Congrats to the Winner

Comment #19

American Indian — Sat, 01 Jun 2019 14:07:42 GMT

Guess some of you, as usual, Did NOT bother reading the entire story or perhaps you can't Read?

Second paragraph from the end SAYS: He chose the CASH After taxes and will receive $4,245,009.!

He also said he has no plans to move they like their home and may buy a few things later, so i doubt he QUIT HIS JOB!

He was raised by a single mother and has four brothers, they are a very close family and he plans to share with them.

I don't know why so many on here ASSume to know what is bes... [ More ]

Comment #18

noise-gate — Wed, 29 May 2019 20:09:12 GMT

..that s because it s close to a large body of... l keep telling you to leave the dust bowl, but will you listen..no

Comment #17

brees2012 — Wed, 29 May 2019 19:55:09 GMT

The Cat is out of the bag ( name , picture , etccc ) wrong mistake .

Some people just doesn't learn !!!! So much for his privacy !!

Never tell a sole you won the lottery .

The less you anybody knows , the better off you're !!

Guess he didn't read , Do's / Don't , when winning the lottery .

Comment #16

music* — Wed, 29 May 2019 13:36:27 GMT

The ticket was purchased in Los Angeles County. In South El Monte.

Good Luck with 444.

Comment #15

sully16 — Wed, 29 May 2019 10:44:11 GMT

Best lunch ever, congrats to the lucky guy.

Comment #14

Bleudog101 — Wed, 29 May 2019 07:39:48 GMT

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.

Comment #13

Stack47 — Wed, 29 May 2019 05:07:08 GMT

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.

Comment #12

Stack47 — Wed, 29 May 2019 05:00:15 GMT

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

Comment #11

music* — Wed, 29 May 2019 03:41:48 GMT

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 head... [ More ]

Comment #10

cottoneyedjoe — Wed, 29 May 2019 03:37:26 GMT

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 yo... [ More ]

Comment #9

billybucks — Wed, 29 May 2019 03:06:53 GMT

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 checkin... [ More ]

Comment #8

rcbbuckeye — Wed, 29 May 2019 02:45:54 GMT

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

Comment #7

rcbbuckeye — Wed, 29 May 2019 02:34:28 GMT

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.

Comment #6

Stack47 — Wed, 29 May 2019 02:30:39 GMT

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

Comment #5

noise-gate — Wed, 29 May 2019 01:24:18 GMT

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

Comment #4

billybucks — Tue, 28 May 2019 22:32:27 GMT

another great reason to take the annuity.

Comment #3

billybucks — Tue, 28 May 2019 22:25:26 GMT

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.

Comment #2

Bleudog101 — Tue, 28 May 2019 22:23:09 GMT

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

Comment #1

EdG1955 — Tue, 28 May 2019 22:08:31 GMT

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

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

Lottery Post — Tue, 28 May 2019 21:15:02 GMT

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 coul... [ More ]