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
The founder had lost a lot of money due to bad decisions before and did the same again.
14 hours ago
Contestants do tend to commit blunders under pressure amidst the energy on the set.
15 hours ago
His father was not happy that he overpaid and made it crystal clear to him later on.
16 hours ago
They called their product the future of real estate, and almost every single shark bought into it.
19 hours ago
Rick Harrison has been wrong about some items in the past, and once even doubted himself.
1 day ago
Fans of some shows can be quite brutal in their assessment and they don't shy away from expressing it.
1 day ago
Ken Jennings might be extremely smart, but even he had to concede defeat to technology more than a decade ago.
1 day ago
While most Sharks were out, the founder of Dirty Cookie, Shahira Marei, found her perfect partner.
1 day ago
Some entrepreneurs need a little push and there's no one like a mother to do that.
2 days ago
The player effortlessly swept the game and Carey was impressed but couldn't respond to the offer.
2 days ago
Richard Benjamin Harrison was very impressed with what the guest had brought to the show, but remained calm.
2 days ago
Jennings is a legend of the game himself and he has a lot of respect for other successful players.
2 days ago
Harrison was ready to make 'the biggest buy in Pawn Stars history' for the item.
2 days ago
This wasn't the first time that fans were upset about contestants not recognizing a well-known personality.
3 days ago
The watch was sold four years after it came to the show for a massive amount of money.
3 days ago
Many fans also mentioned how they were themselves unable to solve it.
3 days ago
Things could have ended up quite nasty had he connected his boot with the host's face.
3 days ago
One of the things that made the record so valuable was the signature of a late, great drummer.
4 days ago
No one expects to see someone intentionally drop their phone in the toilet, but that's what we got.
4 days ago
The experts were certainly intrigued as they had probably never appraised a food item before.
4 days ago