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 / NEWS

Man Wins $4 Million Lottery Prize on a Ticket Gifted by His Dad Over Breakfast

Richard's decision to choose the one-time cash option resulted in a substantial payout of $2.6 million before taxes.
PUBLISHED APR 5, 2024
Cover Image Source: A Powerball ticket sits on the counter at Kavanagh Liquors | Getty Images | Photo by Justin Sullivan
Cover Image Source: A Powerball ticket sits on the counter at Kavanagh Liquors | Getty Images | Photo by Justin Sullivan

A Rhode Island man's casual breakfast with his father turned into a life-changing moment when he received a scratch-off lottery ticket, ultimately winning a staggering $4 million prize. Steven Richard, a resident of Barrington, was handed the ticket by his father during their morning meal on March 29, an act described as routine by Massachusetts State Lottery officials, per USA Today.

A Mega Millions lottery ticket is printed out at Bluebird liquor store | Getty Images | Photo by Kevork Djansezian
A Mega Millions lottery ticket is printed out at Bluebird liquor store | Getty Images | Photo by Kevork Djansezian

Richard refrained from immediately scratching the $10 ticket purchased from a Westport deli, opting to wait until later in the day to unveil its potential rewards. To his astonishment, the ticket revealed the grand prize of $4 million, marking a monumental turn of events for the fortunate winner. Richard wasted no time sharing his good fortune with his wife and father, who were overjoyed by the unexpected windfall. "I called my dad screaming as soon as I got in my car," he said. Richard's decision to choose the one-time cash option resulted in a substantial payout of $2.6 million before taxes, a sum that promises to bring significant changes to his life.

Expressing his plans for the newfound wealth, Richard expressed a desire to use a portion of his earnings to embark on travel adventures with his wife, adding an element of excitement and fulfillment to their lives. The winning ticket purchased at Star Country Store & Deli in Westport also yielded a handsome reward for the store which received $40,000 for selling the fortunate ticket. Despite the odds stacked against him, Richard's fortuitous encounter with the scratch-off ticket defied expectations and propelled him into the realm of newfound wealth and opportunity.

Euromillions tickets for the European lottery jackpot of Euro150m | Getty Images | Photo by Bruno Vincent
Euromillions tickets for the European lottery jackpot of Euro150m | Getty Images | Photo by Bruno Vincent

Bonus Bucks serve as a complimentary currency that players can utilize to participate in tournaments and vie for cash prizes. When entering a tournament, a portion of your Bonus Bucks balance will be utilized alongside your cash balance. For instance, if you have $2.00 in Bonus Bucks and $5.00 in cash, and you enter a $3.00 tournament, $0.30 will be deducted from your Bonus Bucks balance while $2.70 will be deducted from your cash balance. The $4 million prize represents the culmination of favorable odds, with the Massachusetts Lottery stating that the overall chances of winning the $4,000,000 Bonus Bucks are 1 in 3.47. Moreover, the likelihood of securing the top prize of $4 million stands at 1 in 5,376,000.

In a similar stroke of luck, another individual recently experienced a life-changing moment thanks to an online lottery game. This time, the spotlight shines on a resident of Boone County, Kentucky, who found herself the recipient of over $200,000 in winnings from the Kentucky Lottery's Cleopatra Clusters Jackpot Instant Play game, per Lex18.

Similar to the previous winner's story, this fortunate individual's journey began with a restless night and a casual email check. Upon discovering that she had been awarded bonus bucks, she made the impromptu decision to engage in online lottery gameplay. With a mere $10 investment, her intuition paid off grandly as she clinched the jackpot, raking in an impressive sum of $234,120.24. The magnitude of her win left her in awe, prompting her to share the exciting news with her husband, who initially struggled to fathom the reality of their newfound fortune. Following the necessary tax deductions, the couple received a substantial check totaling $167,395.97, providing a significant boost to their financial well-being. Expressing gratitude for how the winnings would positively impact their lives, they highlighted the versatile benefits of such a substantial windfall.

MORE ON MARKET REALIST
With slacking consumer spending and the 43-day shutdown, the GDP grew by just 1.4%.
20 hours ago
Economist Joseph Stiglitz claimed no policy was helping boost blue-collar jobs amid automation.
20 hours ago
Turns out a hug from James O'Halloran was worth more than the cash for Nikki.
20 hours ago
Although the player was off in her guess by nearly $10, she had a buffer to work with.
22 hours ago
Harvey was excited to learn how Amrett impressed his dates.
1 day ago
Sen. Sanders called out the “greed” and “arrogance” of California's richest in his latest speech.
1 day ago
The guest who wasn't even a fan of Dolphins, owned one of the most important souvenirs of the team.
1 day ago
The mayor and the DCWP has sent out warning notices to 187 big-name gyms and health clubs
2 days ago
The new rule proposed by the VA allegedly changed the basis of determining the benefits.
2 days ago
The guest admitted that she will be "very careful" with the watch once she got home.
2 days ago
New Zealand eased restrictions for its golden visa and Americans are dominating the applications
2 days ago
ZOA Energy agreed to settle a case alleging it misled customers with its zero preservatives claim
3 days ago
Despite being bald, Harvey knew some of the answers didn't make sense.
3 days ago
Yang claims if one company cuts workers, it will turn into a competition which will be devastating.
3 days ago
The President called it a "Democrat Shutdown" blaming his political opponents for stalling talks.
3 days ago
After learning about the item, Harvey politely requested everyone to never gift him that.
4 days ago
After spotting a contestant in an all white family, Harvey had to make sure he was doing okay.
4 days ago
The contestant, Alison Betts hedged a massive bet on her opponents getting the answer wrong.
5 days ago
While customers may benefit, U.S. automakers could suffer due to the cut-throat pricing competition.
5 days ago