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

Kentucky driver running low on fuel stops for $20 gas and walks away with a $1 million lottery win

With the $40 he had, he spent $20 on gas and with the rest, he bought the scratch-off ticket to try his luck.
PUBLISHED SEP 19, 2024
Screenshot from Twitter post @Kentucky Lottery | Representative image by Freepik
Screenshot from Twitter post @Kentucky Lottery | Representative image by Freepik

Sometimes ignoring the fuel gauge can lead to a million-dollar windfall. A Kentucky driver who made an emergency pitstop at a gas station after running out of fuel walked out a millionaire. After coasting to the station, Michael Schlemmer bought a ticket for the Luck Kentucky Lottery scratch-off game with spare change and ended up winning $1 million



 

Schlemmer from Corbin, which is about 100 miles northwest of Knoxville, won the lottery last year in a twist of fate. Speaking with the lottery officials, he explained that he ran out of gas and barely coasted to the Convenient Food Mart for a refill.

With the $40 he had, he spent $20 on gas and with the rest, he bought the scratch-off ticket to try his luck. Schlemmer scratched the ticket outside the store and didn't have to check or wait to learn that he had won. The automatic symbol on the ticket immediately indicated that he had won the game's top prize. 

Representative image | Getty Images | Stock Photo
Representative image | Getty Images | Stock Photo

“I scratched it off and I looked at it and went back [into] the store,” he said in the press release. He then  showed it to the staff who started grinning once they realized that Schlemmer had won. It was then confirmed that he had won $1 million.

“Nothing went through my mind,” Schlemmer told the lottery officials. He said he wouldn't believe it until he got his check. However, he opted to give up some money and the chance to become a millionaire. 



 

Schlemmer decided to take the lump sum of $862,000, instead of the annuity payments of $50,000 every year. Thus, after taxes, Schlemmer took home about  $616,330. Schlemmer shared that he had been looking to buy a new car and his winnings will help him make the purchase.

“I told the dealership I’m waiting for a big check to come in and then I hit that,” Schlemmer told the lottery, adding that he plans to deposit the rest of the cash into his savings, the New York Post reported. Apart from Schlemmer, Convenient Food Mart, the seller of the ticket will also receive $8,620 (1% of the prize) as a bonus. 

Representative image | Getty Images | Stock photo
Representative image | Getty Images | Stock photo

In a heartwarming story from earlier this year, a cancer patient won the Powerball Jackpot lottery worth $1.3 billion. Cheng “Charlie” Saephan, an immigrant from Laos, told the lottery that he had been battling cancer for eight years. After winning, the Portland resident said that he would be sharing the prize with his friend, who had chipped in $100 for the ticket. 



 

At a press conference held by the Oregon Lottery, Saephan said that since his diagnosis, he often wondered how the future would look like for his family. Now, he said the winnings will help him provide for his wife and two young children. He added that it would also help him get a better doctor and better care as well.

Saephan's $1.3 billion prize was the fourth-largest Powerball jackpot in the history of the game.

MORE ON MARKET REALIST
The December retail report and the bond market have undermined expectations of strong growth.
6 hours ago
Citing Trump's four engines of growth, Peter Navarro says non-inflationary growth is coming.
6 hours ago
Economists argue that a disruption in the supply chain could cause a pandemic-like effect in automotive industry
8 hours ago
CEO Scott Boatwright had to clarify his alleged focus on the $100K club customers after backlash
10 hours ago
Steve Rattner argues that the tariffs have hurt the U.S. but not slowed down the Chinese economy.
13 hours ago
While the White House is parading the hefty tax returns, the political payoff may be disappointing
1 day ago
Governor Mike DeWine cautioned that the sales tax could go up to 20% to make up for the lost revenue
1 day ago
Trump reportedly muzzled Consumer Financial Protection Bureau, costing Americans billions in relief
1 day ago
Harvey issued a stern warning to the contestants, once the burn kicked in.
1 day ago
Minute Maid’s existing frozen concentrate range comes in many exciting flavors such as orange juice, lemonade, and more.
4 days ago
The room burst into laughter as soon as the prize was revealed.
4 days ago
The Treasury Department has also doubled the standard deduction, impacting 90% of taxpayers.
4 days ago
Harvey couldn't believe some of the answers that the Peele family came up with.
4 days ago
Even host Ryan Seacrest admitted the puzzle was tricky to solve with the given letters.
4 days ago
The bill in Oklahoma will reportedly affect thousands, including children entitled to the benefits.
5 days ago
The guest who thought her gift would be worth $3,500, was left almost shaking in the end.
5 days ago
The 30-second spot pays homage to the open seating policy while celebrating its new Assigned seating
5 days ago
President Trump also spoke about the reason why he chose Kevin Warsh as the next Fed chair nominee.
6 days ago
Taxpayers in Texas, Louisiana, or Mississippi who paid self-employment tax can get their money back.
7 days ago