Scotland County man multiplies his luck to win $2 million prize

June 25, 2021 Posted by NC Lottery at 8:45 AM

Albert Smith of Laurinburg took a chance on a 100X the Cash ticket and watched his luck multiply into a $2 million win.

Smith purchased his winning $20 ticket from the Community Mart on Andrew Jackson Highway in Laurinburg.

He claimed his prize Wednesday at lottery headquarters in Raleigh.

Smith 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.

24 COMMENTS

7/09/2022 02:50 - Chelsi S.

Look at his age. An 88 year old man should take the annuity of 100,000 for 20 years.? He was a very smart man and knew he wouldn’t live 20 years To see that money. He died two months after receiving his first big win like this. I love seeing how people speculate..@ Gregg. No greed in his heart!!!

6/28/2021 10:01 - Linda B.

People it's simple if you don't like the odds or the take home amount don't play NO ONE is twisting your arm.Good Luck to those who do play win lose or draw

6/28/2021 04:41 - Tony T.

@ Teresa E...it's not all taxes that eat up the prize $ on a lump sum choice. Nice if NCEL would do a video or something showing how lump sums vs annuitys work so more folks would understand the payouts. easy to not understand at first when jumping on the lottery bandwagon

6/28/2021 08:59 - Teresa E.

Congratulations on your win, but the taxes are ridiculous.

6/28/2021 07:46 - Jeffrey W.

How many entries are in the cash splash monthly drawing thus far?NC Lottery
Hi Jeffrey, Cash Splash had 2,255,770 entries as of the most recent report.

6/28/2021 07:42 - Jeffrey W.

How many 2nd chance entries are in drawing #5 thus far for the $10 million colossal cash game?NC Lottery
Hi Jeffrey, Colossal Cash Second Chance Drawing #5 had 2,178,367 entries as of the most recent report. Good luck!

6/27/2021 07:02 - Angela R.

congratulations

6/27/2021 12:00 - Roger K.

Congratulations, Scotland county! Now move over to Richmond county for a big win,which we have never have had. makes you wonder why our county don't have big winners.

6/27/2021 10:30 - Zelda L.

congratulations

6/27/2021 09:17 - Jamie E.

Congrats

6/27/2021 08:31 - William A.

The players didn't ask for a decrease in prize winnings. Main prizes on $20 dollar tickets go from $4million to 2Million. It's not okay!

6/27/2021 05:58 - James C.

That's life changing money when you are poor like me congratulations on your win

6/26/2021 03:58 - MICHAEL B.

Congratulations!!!! I feel I'm Next!1

6/26/2021 02:18 - Gregg J.

Always take the annunity! In this case take the payments of 20yrs @ 100k after taxes per year you would receive around 70k then multiply x 20yrs = 1.4M vs $849,006 cash lump sum payout That`s a 550,994.00 difference A half MILLION is a lot to give up in the beginning for being greedy

6/26/2021 12:13 - Willie B.

Absolutely great…enjoy your winnings.

6/26/2021 11:26 - Michael P.

@ANTAA, it's less than that because of additional taxes which need to be taken out. Probably around another 100K or so comes due at tax time.

6/26/2021 08:15 - Thom B.

The state takes $1,150,000 and leaves Mr. Smith with $850,000. Seems like the state won the lottery, not Mr. Smith.NC Lottery
Hi Thom, thanks for the opportunity to share more info on this! The difference between the annuity and the lump sum does not go to the state--winners are given the choice between a $2 million payment paid out over 20 years, or a lump sum of $1,200,000. The 40% difference between the lump sum and the annuity would be earned on interest over the course of 20 years. When the lottery began, only annuities were offered for prizes like this. Players asked to have the choice to take a lump sum, so we began offering it. It is always up to the player to choose which one to go with. Hope this helps clear things up!

6/26/2021 08:07 - William A.

That Should have been a 4 Million Dollar TICKET.

6/26/2021 03:51 - Kimberly J.

Congratulations on your win.

6/26/2021 12:10 - Gloria C.

Congratulations to you and I wish you many more happy wins.

6/25/2021 09:12 - Anita A.

Congrats on your winnings! A win of $2million=$849,006...

6/25/2021 07:10 - Debbian R.

Congratulation

6/25/2021 05:09 - Leticia B.

I am so happy for him.

6/25/2021 01:35 - Douglas H.

Congratulations Albert! Enjoy this great win :-)

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Scotland County man multiplies his luck to win $2 million prize

June 25, 2021 Posted by NC Lottery at 8:45 AM

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