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news blog > article

Raleigh man collects $1 million prize

June 2, 2023 Posted by NC Lottery at 1:02 PM
image-photo

Travis Davis of Raleigh took a chance on a $10 scratch-off ticket and won a $1 million prize.

Davis bought his lucky 50X The Cash ticket from Five Points Family Fare on Glenwood Avenue in Raleigh.

When he arrived at lottery headquarters Thursday, he had a decision to make. He could choose to receive his prize as an annuity of $50,000 over 20 years or a lump sum of $600,000. He chose the lump-sum amount of $600,000 and, after required state and federal tax withholdings, took home $427,503.

The 50X The Cash game debuted in February of 2022 with eight top prizes of $1 million. One $1 million prize remains to be claimed.


9 COMMENTS

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6/08/2023 10:09 - Georgette Y.

If he won 1 million, why was he only given $600,000? And... walking away with only $427,503, after paying taxes, is less than half a million. So, do you actually win what the ticket states you win, or what the state tells you despite what the ticket says? NC Lottery
At one time, all $1 million prizes for instant games 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.

6/05/2023 01:45 - Charles H.

There's been too many top prize winners from Wake county lately to be coincidence.NC Lottery
Hi, Charles! We wanted to let you know we don’t know where the winning tickets will turn up, and it is no easier to win the lottery in once place over another. The triangle is highly populated and has more people playing the lottery. No matter where you live you have the same chance to beat the odds as anyone else - it just takes a lot of luck!

6/04/2023 04:59 - Joe S.

Congratulations from Charlotte!

6/03/2023 05:08 - Shawn F.

Can't ever find these tickets. Always sold out.

6/03/2023 07:29 - Julie R.

I think the title would be more accurate if it read: Raleigh man collects $427,503 prize. The man who won did not collect $1 million.

6/03/2023 12:45 - April J.

Congratulations Travis Davis!

6/02/2023 06:38 - Corey P.

glad somebody finally won… i must’ve bought 300 over the course of a year and half. didn’t get a single 50x. not fun

6/02/2023 04:05 - Linda D.

GREAT, I always liked that ticket

6/02/2023 02:25 - roberta n.

Congratulations Travis

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