A Belmont man won a $1 million lottery prize, but in the way North Carolina does its prizes he actually took home a little less.
Daniel Kennedy of Belmont won the final Big Money $1 million top prize in the $10 scratch-off game.
“I made it in time, I guess,” joked Kennedy as he claimed his prize at lottery headquarters on Monday.
Kennedy purchased his $10 ticket from the Ingco Express on Lowell Bethesda Road in Gastonia.
“I was shocked,” he told lottery officials. “I didn’t know what to think at first. I reread the ticket probably 40 times at least. It’s been crazy.”
Kennedy had a choice of receiving his prize as an annuity of $50,000 over 20 years or a lump sum of $600,000. He chose the lump sum and, after required state and federal tax withholdings, received $424,503.
“It means a lot,” said Kennedy of his good fortune. He says his prize money will go toward paying off bills and helping out his family members.
The Big Money game started in December 2019 with three top prizes of $1 million. Kennedy won the last top prize so the lottery will begin steps to end the game.
Ticket sales from scratch-offs make it possible for the lottery to raise more than $725 million per year for education, according to lottery officials.
You can reach Kevin Ellis at 704-869-1823 or firstname.lastname@example.org.