I turned $1 into $1.1million playing Lotto and I didn't even buy a ticket
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A LUCKY man has found himself with a $1.1 million lottery jackpot in his bank account, but he didn’t even buy a ticket.
The anonymous lotto winner is only the third player to make over a million dollars this way.
A man from Sangamon County, Illinois, has won $1.1million on the lottery without even buying a ticket.
The anonymous winner hit the jackpot after playing the Lucky Day Lotto game online for just $1.
He is only the third player to win over a million dollars by playing the game this way.
“I absolutely couldn’t believe it, and subconsciously, I still don’t believe that I won,” he told The Chicago Crusader.
While he is a newly minted millionaire, the winner has modest plans to spend his winnings.
“My Chevy truck currently has over 200,000 miles on it, so I plan to replace it with a new Chevy truck,” he said.
“Also, a family vacation to Hawaii – it’s been my wife’s dream to go there.
“Additionally, my wife and I plan to donate a portion of the winnings to a local charity – the Visual Arts Association.”
However, online ticket sales are not regulated in all states, for example, California.
The lottery is a form of gambling and it's important to never spend more on tickets than you can afford.
But whether you win after playing online or buying a ticket in-person, getting rich overnight on the lottery can leave some tricky circumstances to navigate.
TOUGH CHOICES
For example, those who score a large jackpot are generally given two choices.
They can either take the whole amount over time as annuity payments or take a smaller lump sum immediately.
Financial expert Dave Ramsay always recommends taking the lump sum, although it may be barely half the total jackpot.
As he explained to one caller on The Dave Ramsay Show: “You will make almost twice as much if you take the lump sum and invest it.”
Dave also called the long-term annuity option “crap” because the check would be taxable every single time.
Another financial guru, Graham Stephan, has revealed exactly how he would spend a lottery fortune to make it last forever.
But not all are so fortunate - see how a trucker ended up losing out on millions despite winning the jackpot.
