One LUCKY winner experienced a life-changing moment most only dream about, turning $1 into hundreds of thousands.
Jack Dixon of North Carolina took a chance on a $1 lottery ticket and his luck paid off when he won an impressive $487,750 jackpot on Monday.
On Tuesday, Dixon headed to lottery headquarters to claim his prize, the North Carolina Education Lottery said in a statement. release.
The odds of matching all five white balls in the Cash 5 game are a daunting 1 in 962,598, making Dixon’s victory an extraordinary piece of luck.
After the necessary federal and state tax withholdings, he walked away with $348,743.
But it meant Dixon quickly had to say goodbye to much of his earnings.
Still, the large sum of money will certainly bring significant changes to Dixon’s life.
Dixon’s journey to fortune began with a simple Quick Pick Cash 5 ticket purchased through Online Play, a convenient feature offered in the state.
Cash 5 is just one of six lottery games in North Carolina offering players the flexibility to purchase tickets online or in-app.
This modern convenience allows players like Dixon to try their luck from the comfort of their own homes.
The victory not only marks a personal milestone for Dixon, but also highlights the allure of online gaming.
On Tuesday, the next Cash 5 jackpot will be $100,000, a tempting prize for anyone looking to follow in Dixon’s footsteps.
TAXED
Unfortunately, winning the lottery requires paying taxes.
Anyone who plays the North Carolina lottery will have to pay the state tax of 5.25%.
That’s where some of Dixon’s money went.
Dixon also had to pay the 24% federal lottery tax that anyone who wins a big jackpot must pay.
There are thousands of stories of people who lost a large sum of their original earnings.
Top US Lottery Winners
Millions dream of winning the lottery and finding fame and fortune. These are the biggest winners in US lottery history.
- Edwin Castro – $2.04 billion, Powerball, November 8, 2022, California.
- Theodorus Struyck – $1.765 billion, Powerball, October 11, 2023, California.
- Unknown Winner – $1.602 Billion, Mega Millions, August 8, 2023, Florida.
- Marvin and Mae Acosta of Los Angeles, California, John and Lisa Robinson of Munford, Tennessee, and Maureen Smith and David Kaltschmidt of Melbourne Beach, Florida – $1.586 billion, Powerball, January 13, 2016.
- Unknown Winner – $1.537 Billion, Mega Millions, October 23, 2018, from South Carolina.
- Winner unknown – he sued his child’s mother to keep his identity hidden – $1.348 billion, Mega Millions, January 13, 2023, from Maine.
- Unknown Winner – $1.337 Billion, Mega Millions, July 29, 2022, from Illinois.
- Cheng and Duanpen Saephan and Laiza Liem Chao – $1.326 billion, Powerball, April 7, 2024, from Oregon.
- Yanira Álvarez – $1.08 billion Powerball, July 19, 2023 in California.
- Wolverine FLL Lottery Club – $1.05 Billion, Mega Millions, January 22, 2021, from Michigan.
- Winner unknown – $842.4 million Powerball, January 1, 2024, from Michigan.
Another North Carolina lottery winner, Donald Chenier, won $100,000 on a $5 ticket.
But he lost nearly $30,000 in federal and state taxes.
In another jackpot story, a Kentucky father and son won $1 million but didn’t get to keep half the money.
They chose the lump sum which left them with $700,000 of the jackpot winnings.
After taxes, the Kentucky family was left with $504,000.
This story originally appeared on The-sun.com read the full story
