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 / ECONOMY & WORK

Mom's Christmas Gift Turns into $7 Million Jackpot for Daughter

Daily Grand offers the chance to win big, with a top prize of $7 million.
PUBLISHED APR 15, 2024
Cover Image Source: Powerball Jackpot | Photo by Andrew Spear | Getty Images
Cover Image Source: Powerball Jackpot | Photo by Andrew Spear | Getty Images

In December 2023, Meghan Petaske received an extraordinary Christmas gift from her mother: a Daily Grand lottery ticket. Meghan and her partner, Cody Rudiger, waited until March 2024 before checking it. To their astonishment, they discovered they had won $7 million! Claiming their prize in St. Albert, Alberta, Meghan remarked, "Every year, my mom includes lottery tickets in our Christmas baskets." "With five of us, any one of us could have won!" Upon realizing the extent of their win, they were left speechless. "We had to print it out and correctly place the commas—we couldn't believe it!" she exclaimed.

Image Source:  A Powerball and Mega Millions lottery advertisement is displayed at a newsstand on July 12, 2023 in New York City. The Powerball jackpot reached an estimated $725 million for the next drawing with a cash option for the jackpot at an estimated $366 million. The current jackpot, which is played in 45 states, as well as Washington, D.C., Puerto Rico and the U.S. Virgin Islands, has been growing since mid-April after a $252.6 million prize was won in Ohio | Photo by Michael M. Santiago/Getty Images
Image Source: A Powerball and Mega Millions lottery advertisement | Photo by Michael M. Santiago | Getty Images

Meghan and Cody's $7 million win opened up a world of possibilities. They're already discussing plans to use the money to pay off their student loans and buy their dream home. "It's surreal. I never thought I'd be a homeowner, but here I am!" Meghan exclaimed.

Cody echoed her sentiment, emphasizing the importance of managing their newfound wealth wisely. "We don't want to spend it all and have nothing left in 10 years!" he added. Despite their focus on financial stability, the couple also intend to indulge in some well-deserved enjoyment. "We've talked about traveling. Europe, Greece, and Spain would be amazing," Cody shared.

Meghan's mother purchased the winning ticket as part of a $20 Triple Pack at a Shoppers Drug Mart in Okotoks.

George Hollins buys a Powerball ticket at the Shell Gateway | Getty Images | Photo by Joe Raedle
Image Source: A Powerball ticket | Getty Images | Photo by Joe Raedle

Daily Grand offers the chance to win big, with a top prize of $7 million, which Meghan and Cody's ticket hit. To win, they had to match five numbers plus the bonus number. Daily Grand draws take place every Monday and Thursday, with each ticket costing $3.

Winners who match five numbers plus the grand number have the option to receive $1,000 a day for life or a lump sum of $7 million. The couple opted for the lump sum, a common choice among big Daily Grand winners.

An advertisement for the Mega Millions lottery | Getty Images | Photo by Justin Sullivan
Image Source: An advertisement for the Mega Millions lottery | Getty Images | Photo by Justin Sullivan

The Powerball and Mega Millions lotteries in the United States have recently implemented rule changes aimed at enhancing jackpot prizes. In Powerball, players now select six numbers: one red ball (the Powerball) and five white balls ranging from 1 to 69. To win the jackpot, participants must match all five white-ball numbers and the red Powerball number.

Similarly, Mega Millions requires players to pick five white balls (1 to 70) and one gold ball (1 to 25), known as the Mega Ball. Winning the jackpot entails matching all five white balls and the Mega Ball.

Both games have become more challenging to win due to alterations made by Powerball in 2015. The number of red balls was reduced from 35 to 26, while the number of white balls was increased from 59 to 69. Although this change made winning slightly easier, the odds shifted from 1 in 175 million to 1 in 292 million.

On the other hand, Mega Millions modified their number range in 2017, improving the odds of winning from approximately 1 in 259 million to 1 in 302 million. They also raised the ticket price from $1 to $2, resulting in larger prizes.

MORE ON MARKET REALIST
"Iceland? I am jealous!!! Oh, yeah, I'm jealous of the $40k, too, LOL. Gr8 solve, Mat!" a fan reacted.
3 hours ago
Despite widespread economic concerns, big banks who posted big profits remain bullish.
13 hours ago
One simply has to look at the number on the product tag to gauge its quality.
16 hours ago
The contestant was quite nervous towards the end but played the game perfectly.
16 hours ago
The retailers were part of a group that sued banks and credit card companies two decades ago.
16 hours ago
The President signed an executive order about the name change back in September.
20 hours ago
The company laid off more than 5,500 employees and that affected its income for the year.
20 hours ago
"We're going to have tremendous workforce availability. We're also going to have robots helping us," Trump had stated earlier.
23 hours ago
"He almost had it, that was so close," an upset fan said about the disappointing loss.
1 day ago
The President reiterated that believes the affordability crisis is a Democrat hoax.
1 day ago
The contestant was at the show's taping for the first time and was a big fan of Carey's work.
1 day ago
AI is making online shopping easier, but it’s also helping scammers steal more money.
1 day ago
The trend in investors selling US stocks and diversifying in European stocks is growing.
1 day ago
BlackRock is also ready to bet big on the AI boom as it feels the tech is here to stay.
1 day ago
The products were sold both in stores and online, but no illness has been reported yet.
1 day ago
The President had a hard time recalling that he ever made such a promise in a recent interview.
1 day ago
"$45,000 and Finland missed... we need a winner tomorrow. No more losing streaks..." a fan reacted.
2 days ago
The man's $3 find took him 75 years behind in history and fetched him huge returns.
2 days ago
Bob Sternfels claims McKinsey has about 1 AI agent for every 2.4 human employees in its workforce
2 days ago
Walmart's planned expansion will bring fast drone-based delivery to millions across the US.
2 days ago