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.
UPDATED 1 DAY AGO
Image of lottery winner Jimmie Smith holding his ticket | Cover image source: New York Gaming Commission
Image of lottery winner Jimmie Smith holding his ticket | 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 of a person checking his closet : 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 of a store selling lottery tickets and soft drinks : 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%.

This article originally appeared 1 month ago.

MORE ON MARKET REALIST
One of them said that talking to neighbors before launching the dog park at home is the key.
12 hours ago
Some apps do have the option to secure the funds using bank accounts linked to them.
13 hours ago
The retired security guard heard an announcement on television that a particular lottery ticket hadn’t found its prize winner yet.
1 day ago
The couple are unapologetic about their decision and even have a club dedicated to spending the inheritance of kids.
1 day ago
Anything from old Chinaware to vintage video games and Pokemon cards may be rare collectibles in this day and age.
4 days ago
As soon as she won the lottery everyone from her colleagues to the customer and even her ex-husband claimed their share.
6 days ago
The return on investment for these kits has outpaced that on certain stocks and precious metals.
7 days ago
People in the comments were upset about the way casinos deprive people of their winnings by all means possible.
Oct 23, 2024
Guijarro and his girlfriend spent a year to find evidence that could authenticate the rare picture.
Oct 22, 2024
As many as 76 percent of Brown University students are registered with Shiru and they place an average of 600 orders a day.
Oct 22, 2024
As the boos got louder and things seemed out of control, Pat Sajak hit back with witty response
Oct 20, 2024
The founders refused to let the judge's cruel comments deter them from pursuing their goals.
Oct 17, 2024
Bill Morgan, a trucker from Australia, achieved the miraculous feat back in 1999.
Oct 12, 2024
Jared took his bill to one of the most famous pawn shops where they told him it was worth a small fortune.
Oct 6, 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.
Sep 28, 2024
Depositing a check twice is illegal, but it's an easy mistake to make, especially with the advent of remote deposits through a bank’s mobile app.
Sep 27, 2024
Can I use a family member's Costco card? A Costco membership comes with restrictions, so be sure to know the rules. We'll break the rules down.
Sep 26, 2024
Heritage Auctions called the piece "birth certificate of America's last silver dollar". 
Sep 25, 2024
Ruth L Gottesman got $1 billion in Berkshire Hathaway stock upon her husband's passing.
Sep 25, 2024
Before we get into this list, think of anything that you might use only once or twice.
Sep 24, 2024