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news blog > article

Union County man ended 2020 with a $1 million prize

December 30, 2020 Posted by NC Lottery at 10:00 AM
image-photo

Kostyantyn Kornivskyy of Weddington in Union County ended the year 2020 by claiming a $1 million prize he won instantly.

Kornivskyy bought his lucky $10,000,000 Colossal Cash scratch-off at the Market Express on Old Monroe Road in Matthews.

He claimed his prize Tuesday and had a choice of taking an annuity of $50,000 a year for 20 years or a lump sum payment. He chose the lump sum and after state and federal tax withholdings took home $388,500.

Ticket sales from scratch-offs make it possible for the lottery to raise more than $725 million per year for education.

8 COMMENTS

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1/01/2021 11:04 - Gloria C.

Congratulations to you and I wish you many more wonderful wins. Happy blessed New Year to you.

12/30/2020 10:00 - Jean M.

I knew there was a winning ticket somewhere in Union County. I bought one right down the street but won nothing. Oh well... When is the second chance drawing? I’ve got many entries for it.NC Lottery
Hi Jean, the drawing date for the Colossal Cash second chance drawing is still TBD. When a date has been decided we will update the website here: https://nclottery.com/RewardsDraw?dn=2

12/30/2020 03:40 - Ereka W.

I was thinking like the others here about his bottom line...seemed rather low compared to the other lump sums but the explanation given works.

12/30/2020 02:24 - charles m.

Which is a better payoff,the lump sum Or the yearly payment?NC Lottery
The 40% difference between the lump sum and the annuity represents the difference that interest would make if the lump sum sat in the bank for 20 years, so over the long term they are approximately the same.

12/30/2020 01:22 - Radford H.

Probably child support or alimony got him.lol

12/30/2020 12:46 - Paul R.

Congratulations to the winner! I am just wondering why the winner’s take-home amount was lower than usual. My understanding is that the lump-sum option is $600k and after the mandatory withholding it is usually around $423k. Did the withholding limit change or did the winner request a higher withholding? Just curious...NC Lottery
Hi Paul, this winner was subject to a higher tax withholding rate because he is not a U.S. resident.

12/30/2020 12:11 - Rudolph P.

$388,500 is that right? Normally, I see $424,???,something. NC Lottery
Great question! This winner was subject to a higher tax withholding rate because he is not a U.S. resident.

12/30/2020 11:01 - Sheila I.

@ncel. That's all he get after a $1 million dollar win? Wow....

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