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
There was no official announcement or statement by the company about the move.
2 days ago
He also cautioned that investors are ill-prepared for the challenges that lie ahead as the AI cycle enters a "more dangerous phase."
2 days ago
The price point of these passes may come as a surprise to some as prices of necessities are rising.
2 days ago
The contestant did his best but was not able to get the correct answer in his ten seconds.
2 days ago
He tore the President apart in a video on social media, making his disapproval known.
2 days ago
The faulty products could lead to serious harm and may even result in death in the worst case.
2 days ago
The report paints a picture of how the future of work may look like.
3 days ago
Some of the largest Fortune 500 companies across sectors have announced job cuts this year.
3 days ago
The rise in AI stocks has been triggered by remarks made by Fed officials indicating a greater chance of a rate decrease next month, he warned.
3 days ago
The Iceberg Index suggests AI could have a $1.2 trillion impact in wage value.
3 days ago
The experts addressed that after 11 months in office, Trump is seen as accountable for the economy and inflation rates.
4 days ago
According to Wright, the growth in property prices will be "flat" by year's end, with a continuing slowdown already apparent.
4 days ago
The matter of healthcare has become a part of the wider affordability issue Americans face today.
5 days ago
This was perhaps one of the rarest instances in the show's long and storied history.
5 days ago
While share prices are down, there are a lot of things that one needs to consider before investing
5 days ago
Ray had given his twin a piece of advice, but he emphasized the importance of having fun on the show.
5 days ago
The contestants did not let the host off the hook easily, and Harvey was not too comfortable.
6 days ago
This is not a good look for the supermarket chain as infants' lives are at stake.
6 days ago
The protestors have voiced their concerns over the companies bowing down to the President's demands.
6 days ago
Albert Edwards has warned that there are some key elements which will make the fallout worse.
6 days ago