Buncombe County man wins $2 million lottery prize

November 16, 2021 Posted by NC Lottery at 8:38 AM

Bobby White of Asheville tried his luck on a $20 Premier Cash scratch-off ticket and won a $2 million top prize.

White purchased his $20 Premier Cash ticket from the Citistop on Hendersonville Road in Asheville. He claimed his prize Friday at lottery headquarters in Raleigh.

White had the choice of taking an annuity of $100,000 a year for 20 years or a lump sum of $1.2 million. He chose the $1.2 million lump sum and, after required federal and state tax withholdings, took home $849,006.

The Premier Cash ticket launched in August with four top prizes of $2 million and eight $100,000 prizes. Two top prizes and five $100,000 prizes remain to be claimed.

23 COMMENTS

11/18/2021 01:56 - Alfretia P.

Congratulations,you recieved thanksgiving and Christmas all in a bundle,be thankful and enjoy

11/18/2021 12:19 - Richard D.

Hey Chris "Why would someone not want almost 70,000/yr, after taxes for 20 years adding up to about 1.4 million rather than take a lump sum of under 850k? I don't really understand the reasoning and I don't think anyone could explain it to me." Let me try: One word - Inflation - aka a dollar 20 years from now will be worth no where near a dollar today. There are online calculators that will give you the Net Present Value of the $70K/year assuming various annual rates of Inflation (3%, 4%, whatever). Then compare that to taking the Lump Sum of almost $850K now and investing it safely, say in Series I Savings Bonds which, per Treasury Direct "The initial interest rate on new Series I Savings Bonds is 7.12 percent. You can buy I bonds at that rate through April 2022". After 20 years that will give you much more total money than $70K/year that will be woefully deflated and worth less and less than $70K today as each year passes.

11/17/2021 05:33 - Selena G.

Congratulations. Hope I can one day join the winning list.

11/17/2021 02:38 - Marion G.

Happy thanksgiving

11/17/2021 02:31 - alexandra l.

I’ve had trouble with the holiday scratch offs too. Congrats to the winner but I believe the lottery is rigged! I believe it’s people they pick to hold up those signs with with the so called winnings on it!

11/17/2021 01:56 - ERIC H.

Congratulations on your win man enjoy that money!!! ??????

11/17/2021 12:24 - Berry B.

CONGRATS TO YOU,BW!

11/17/2021 06:47 - Monica S.

Congratulations to the winner. I'm be collecting a top prize soon too.!!!NC Lottery
Wishing you luck, Monica!

11/17/2021 05:29 - Amy G.

Congratulations!

11/17/2021 02:07 - Teka J.

Congratulations

11/16/2021 10:55 - Shaniqua T.

Congratulations winner !

11/16/2021 10:43 - charnell n.

Congratulations! Hey wish me luck too! I would love to win something big!??NC Lottery
We would love that for you too! Wishing you lots of luck, Charnell! Hope your next ticket is a lucky one!

11/16/2021 10:03 - MICHAEL B.

Congrats!!!!

11/16/2021 09:02 - Garet B.

Following up on your response to Annesha's question. Will his winnings be taxed again when he files his taxes for 2021?NC Lottery
Great question, Garet! This would depend on an individual's tax liability. We withhold the minimum required amount, but someone may owe more or less than what was taken out. If he owed more when filing taxes, he would have to pay the additional taxes, but winnings are not doubly taxed. Hope this helps!

11/16/2021 07:31 - Evelyn P.

I wonder if everyone is having trouble with the holiday second chance drawing or just me. I have checked my number of entries and it shows 0 entries. I have entered lots of tickets so where are my entries?

11/16/2021 03:50 - Gregg J.

Today is my Birthday...can i get some love! also, what ticket should i play today?NC Lottery
Happy Birthday, Gregg!! We hope whichever ticket you choose is a lucky one!

11/16/2021 02:49 - Denver G.

Congrats. Not sure I would give up $800k, even at my age. Any how, it looks like western NC is starting to heat up again. Now show me a little warmth....

11/16/2021 12:32 - Jeffrey W.

How many entries were in the November pocket payout drawing?NC Lottery
Hi Jeffrey! We have received 744,461 for the November Pocket Payout drawing. Good luck!

11/16/2021 11:06 - Chris S.

Granted, the winners can do what they want and my opinion is just that, only mine and does not reflect anything other than an observation. Why would someone not want almost 70,000/yr, after taxes for 20 years adding up to about 1.4 million rather than take a lump sum of under 850k? I don't really understand the reasoning and I don't think anyone could explain it to me. I know what I would do but that is probably obvious based on my comment. Congratulations to the winner!

11/16/2021 11:05 - Douglas H.

Woooooo Hoooooooo Congratulations Bobby!!!! What a great win :-)

11/16/2021 10:29 - Annesha N.

Good morning. Can someone please provide a breakdown of the taxes for this? Seems to be a lot missing.NC Lottery
Hi Annesha! The difference between the lump sum and the annuity payments accounts for the interest accrued over the 20 years of the payments. We withhold the required minimum taxes from both prizes (24% federal, 5.25% state), it's just a matter of whether it is withheld up front with the lump sum or withheld each year from annuity payments. Hope this helps!

11/16/2021 10:11 - jerry L.

Congratulations!!!

11/16/2021 09:26 - Cynthia A.

Wow! That's awesome! Congratulations on your big win! The only thing I seem to scratch off are those pesky shavings that get everywhere in my car.

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Buncombe County man wins $2 million lottery prize

November 16, 2021 Posted by NC Lottery at 8:38 AM

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