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
Drew Carey tried making a bet with the contestant but she was not having it.
11 hours ago
Steve Harvey was left stunned by the answer and had to question the entire family.
13 hours ago
Steve Harey forced the contestants hiding to come out and address the situation.
1 day ago
Rick Harrison were creeped out by the handcuffs but still wanted to buy them.
1 day ago
Cuban was interested in the tech side of the company but was annoyed when his doubts got no answers.
1 day ago
She had already won more than $21,000 and a trip to Portugal before heading to the round.
2 days ago
The contestant even apologized to Steve Harvey after her answer was called out.
2 days ago
The host urged fans not to laugh at the answer, as it might come back to bite them in the future.
2 days ago
The seller lacked any solid proof and as a result, nobody on the show wanted to offer him a deal.
3 days ago
The contestant wished that bars gave free alcohol to those already drunk out of their minds.
3 days ago
It would have been easy for Amy Schneider to respond harshly to the accusations, but she remained cool and collected.
3 days ago
The host was left shocked after hearing the answer as he mouthed "wow" a couple of times.
3 days ago
The contestant went on to win $20,000 for her family despite the awkward moment.
4 days ago
The entrepreneurs might have hoped that a third of their company would attract a shark, but it didn't.
4 days ago
She was just happy to be on the show and was not disappointed about leaving empty-handed.
4 days ago
Things got heated as all of the sharks took shots at each other for a chance to cut a deal.
4 days ago
The entrepreneur was selling a DVD set about men's grooming, which was priced at a whopping $297.
5 days ago
Some might have expected the host to be a bit upset but he was entertained.
5 days ago
The entrepreneurs had initially asked for $50,000 for a 50% stake in the company.
5 days ago
She had uploaded photos and videos from a taping on her Instagram stories.
5 days ago