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from the what-if-it-were-in-the-Eastern-part-of-the-state dept.
Man wins $7 million in lottery after buying every single ticket:
Kevin Clark, from Candler in North Carolina, had a hunch that the top $US5 million ($A7 million) prize in the Mega Cash scratch-off game would be won in the western part of the state.
So he came up with an unusual strategy to ensure he got his hands on the lucky ticket – by travelling from store to store and buying every ticket he could find.
Mr Clark spent four hours on his quest to purchase every $20 Mega Cash scratchie ticket he came across in around 40 different stores.
And while it is not known how much he spent in total, it’s safe to say he came out on top after a ticket he bought from a Stop N Go outlet in Swannanoa, North Carolina ended up being the winner.
[...] In the end he decided to pocket a $US3 million ($A4.2 million) lump sum instead of taking the $US5 million as an annuity of $US250,000 ($A350,267) per year for two decades.
After taxes, he was left with a total cash prize of around $US2.1 million ($A2.94 million).
“I had a real good feeling it was going to be in the western part of the state,” Mr Clark said, according to the NC Education Lottery.
However, he said he was still stunned when his tactic paid off.
(Score: 2) by JoeMerchant on Monday August 10 2020, @02:12PM (1 child)
He tried this, risked $1M (plus a lot of work) and got a net $2M payoff. I believe the odds of that happening in most state lotteries are 1:4 - he could do better playing roulette in Vegas, if he can find a casino that would let him bet $1M on red or black. For the effort he put into buying all the scratchoffs (and scratching them), I'm sure he could have found a casino willing to take his bet in exchange for the PR - like that idiot that sold all his possessions and played it all on red in a rented tux. Like that idiot, the whole key is: don't bet what you're not able to lose - the idiot in the rented tux could have moved back in with mom and dad if he lost, I'm pretty sure this guy had the spare $1M and time and he was just bored... looking for something to do with both.
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(Score: 0) by Anonymous Coward on Monday August 10 2020, @07:17PM
Was it only a single large prize or was it like most scratch-offs -> a single large prize and also a bunch of smaller ones? If so, it'd be interesting to see how much he won in total (big main prize+lots of smaller ones.)