CONCORD, N.C. (News Release) — Stephen Floyd of Concord, North Carolina saw a $10 purchase of a scratch-off ticket multiply into a $1 million win.
Floyd bought his lucky 50X The Cash ticket after he stopped to get gas at the BP Food Mart on Sugar Creek Road in Charlotte. He had a choice of taking the $1 million as an annuity of $50,000 over 20 years or a lump sum of $600,000. He chose the lump sum and after tax withholdings took home $424,503.
The 50X The Cash game started in February with four top prizes of $1 million. One top prize remains to be claimed. All X The Cash tickets are eligible as entries into second-chance drawings to win up to $50,000. The second of four drawings is scheduled for June 5 and offers one top prize of $50,000, eight prizes of $5,000, and 25 prizes of $500. Players have until May 31 to enter.
Ticket sales from instant games make it possible for the lottery to raise more than $650 million a year for education. For details on how $14.9 million in lottery funds made a difference in Cabarrus County last year, click on the “Impact” section of the lottery’s website.