Burlington woman wins ‘extreme’ $1 million prize

9/08/2021 02:21 - Mustafa K.

1 milion winner = Gets $424,507 $785,362 winner = gets $ 555,645 When you win less than a Million, you get more money then Million winner... You should fix this problem. 1 Million have to be cash price. Over million should be paid as installments. (actually, all prices should be paid cash. For example, in the UK "All prizes are paid as a lump sum and are tax-free."NC Lottery
Hi Mustafa, At one time, all $1 million prizes for instant games in North Carolina were awarded as annuities. Winners got $50,000 a year for 20 years. Players asked for the same choice in big instant wins that they had with Powerball. They wanted a choice of taking the annuity or a lump sum. The lump sum on a $1 million prize is $600,000. It's the winner's choice. $1 million annuity paid over 20 years or $600,000 lump sum. The tax withholding is the same, just applied against the lump sum once or the annuity payment every year.

9/08/2021 02:11 - Mustafa K.

In the UK and other countries;All prizes are paid as a lump sum and are tax-free. Of all money spent on National Lottery games, around 53% goes to the prize fund and 25% to "good causes"[1] as set out by Parliament