ECONOMY & WORK
MONEY 101
NEWS
PERSONAL FINANCE
NET WORTH
About Us Contact Us Privacy Policy Terms of Use DMCA Opt-out of personalized ads
© Copyright 2023 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.
MARKETREALIST.COM / MONEY 101

Grandad finds $24 million lottery ticket in old shirt just before it expired after a TV announcement

The retired security guard heard an announcement on television that a particular lottery ticket hadn’t found its prize winner yet.
PUBLISHED SEP 6, 2024
Cover image source: New York Gaming Commission
Cover image source: New York Gaming Commission

You can find luck in the most unexpected places at times. Like meeting the love of your life in a city you don't like, or finding a $24 million winning lottery ticket in one of the shirts in the closet. While the latter sounds too good to be true, it did happen with Jimmie Smith, per NJ.com. The retired security guard and a father of two heard an announcement on television that a particular lottery ticket hadn’t found its prize winner yet.

Representative Image Source: Getty Images | 	Grace Cary
Representative image: Getty Images | Grace Cary

Smith, who is quite enthusiastic about buying lottery tickets, thought of checking his closet once. He went to his closet where an old shirt with a pocket full of unchecked tickets was hung. Surprisingly, he found the lucky ticket he had just seen discussed on television.

"I ended up with a stack - a pile of tickets, including the one they were talking about on the news," he told lottery officials. He said he has been buying tickets in New Jersey and New York since the 1960s. 

Quite understandably, Smith stood there staring at the ticket in his hand. "I stood there for a minute thinking, ‘Do I see what I think I see?" he told NJ.com, adding that he then stuck his head out the window for some fresh air. "I was in serious doubt. I had to convince myself this was real," he said.

Smith later opted to take his $24.1 million in laddered payments over 26 years, which is a choice often promoted by financial experts. Smith, who won the lottery back in 2016, is a resident of East Orange, New Jersey. 

Cover Image Source: Getty Images |  Michael M. Santiago
Representative image: Getty Images | Michael M. Santiago

Smith's winning numbers were 5-12-13-22-25 and 35, and the ticket was bought from a grocery and tobacco shop at 158 Church Street in the Tribecca neighborhood in Lower Manhattan. Normally, the winner has a year to claim the prize and Smith was able to claim the prize just in time.

He decided to finally look for it after the Lottery company started getting the word out. "We urge New York Lottery players: Check your pockets. Check your glove box. Look under the couch cushions. If you have this winning ticket, we look forward to meeting you," Gweneth Dean, director of the Commission’sDivision of the Lottery, said at the time.



 

Smith then contacted them, who waited for two days before announcing him as the winner post-review. "We are thrilled that this lucky winner was able to locate this life-changing ticket," the Dean, of the Gaming Commission, said. Smith, who is also a grandfather of 12 grandkids, said that he would decide what to do with all the money after they have an "all-family discussion" once things settle down.

New York Lottery is a state-operated lottery in the US state of New York. The lottery that began back in 1967 provides revenue for public education and is based in Schenectady. Like most lotteries, the winnings are subject to state and Federal income taxes. As per the official website, New York State withholds around 10.90, while New York City takes away another 3.876%.

MORE ON MARKET REALIST
Back in 2017, a woman spotted an envelope lying at a Walmart store with an important message.
2 days ago
If you have a box of Disney VHS tapes in around your house, it's time to pull them out because they could be worth thousands — especially certain movies.
3 days ago
Psychologist, Andrew T. Jebb, and his team analyzed the data provided by the Gallup World Poll from 164 countries, to arrive at this conclusion. 
4 days ago
The man who sold the collector's item to pay the bills was left in tears after getting it back.
4 days ago
The strategy has allowed the company to save millions of gallons of fuel, and time.
6 days ago
When he checked his PayPal account, there was $92,233,720,368,547,800 in it.
6 days ago
The retired security guard heard an announcement on television that a particular lottery ticket hadn’t found its prize winner yet.
Sep 6, 2024
In one such hack, social media influencers are explaining to the public how they can exploit Section 179 to get maximum tax savings.
Sep 2, 2024
Pang Gek Tang, founder of Surrey Hills Grocer, tried her hands at 5 businesses before finding success.
Aug 26, 2024
As the boos got louder and things seemed out of control, Pat Sajak hit back with witty response
Aug 24, 2024
The 6-1 method suggests buying six veggies, five fruits, four proteins, three starches, two sauces or spreads, and one treat for yourself.
Aug 20, 2024
Bill Morgan, a trucker from Australia, achieved the miraculous feat back in 1999.
Aug 18, 2024
The retired man shared that he had never ever won anything apart from the "love of a lovely lady".
Aug 8, 2024
She went to a CVS store in Blacksburg to purchase a Mega Millions ticket for the upcoming big jackpot of $893 million on March 18, 2024.
Aug 6, 2024
Ruth L Gottesman unexpectedly got $1 billion in Berkshire Hathaway stock upon her husband's passing.
Aug 2, 2024
Shaq says the strategy isn't about making money but it did pay off monetary dividends as well.
Jul 29, 2024
Students earn one brain buck per day for showing up and extra by contributing to discussions, being responsible, and so on.
Jul 22, 2024
While it is one of the special days, putting all your savings into one dress is definitely not wise
Jul 13, 2024
The term that refers to the practice of spending more to saving more is starting to lose its charm.
Jul 12, 2024
While everyone can get debt relief, there are many forms with special requirements for qualification
Jul 5, 2024