NC man won $1M on a scratch-off lottery ticket. Then he had a decision to make.
Jimareo Sherrill had a difficult yet enviable decision to make after winning a $1 million scratch-off lottery prize: receive his earnings all at once or over 20 years.
Sherrill, a Charlotte resident who bought the $10 Million Spectacular ticket from a Walmart Supercenter on North Tryon Street for $50, had to choose between receiving his prize as an annuity of $50,000 over 20 years, or a lump sum of $600,000.
He chose the lump sum.
After the required state and federal tax withholdings, an NC Education Lottery press release said, Sherrill ended up taking home $429,014.
The $10 Million Spectacular game, which debuted in December, has a range of prizes, including five top prizes of $10 million, 20 prizes of $1 million and 20 prizes of $100,000, according to the press release.
There are still five $10 million prizes, 17 $1 million prizes and 18 $100,000 prizes left to be claimed.
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