Noteworthy

Moore County man wins $1 million in lottery

Posted September 3, 2013

New lottery games, courtesy of North Carolina Education Lottery
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— Dale Briggs, a resident of Vass in Moore County, was the first to win one of the five $1,000,000 prizes playing the 50X lottery game. Briggs plans to use his winnings to pay off his mortgage and send his two children to college.

Briggs learned of his big win on Sunday evening after purchasing his lucky ticket at the Exprezit store on U.S. 1 in Vass.

“I’m tickled to death,” Briggs said as he collected his winnings. “I feel awesome. This is a world-changing event for me.”

Top prize winners in the 50X The Cash game can elect to receive annual payments of $50,000 for 20 years or take a lump sum cash option of $600,000. Briggs chose the cash option and received a check for $408,003 after state and federal taxes were withheld.

Four of the top prizes remained to be claimed in the game as of Tuesday afternoon.
As of June 2013, the lottery has raised more than $2.9 billion to support education programs. The lottery completed its seventh straight year of record sales and record earnings for the state on June 30, recording a 5.8 percent increase in sales and an estimated 4 percent increase in earnings. Lottery dollars support teachers’ salaries in grades K-3, school construction and repair projects, prekindergarten programs for at-risk four-year-olds, college scholarships and financial aid based on need and digital learning initiatives.

To see how lottery dollars have made a difference, go to the Where the Money Goes webpage at http://www.nc-educationlottery.org/beneficiary.aspx
 

5 Comments

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  • Makami Sep 10, 2013

    As of June 2013, the lottery has raised more than $2.9 billion to support education programs. Yet NC schools are suffering????? how is that?

  • vectores Sep 5, 2013

    Actually, the whole concept is misleading. It is a state lottery. The state knows up front it is going to keep a sizable chunk of the winnings. Like everything political, it is a scam.

  • ScratchSmarter Sep 5, 2013

    Congratulations Dale!

    Do you want to know which instant game in NC is MOST LIKELY to pay out a top prize?
    Check out ScratchSmarter to learn which one and get 10 lottery secrets for FREE!

    http://ScratchSmarter.com

  • wth50beau Sep 5, 2013

    If you put $600,000.00 in the bank drawing interest, it would allow you to pay out $50,000.00 per year for 20 years so that is why they knock the million down to 600,000.00. The rest is taxed at the State rate of 7.75% and the fed max tax rate of 25%. But, your right, I wouldn't turn down his payout either.

  • cruzinlong Sep 5, 2013

    Great for Mr. Briggs , congratulations !
    How do those payouts work though , why did the winnings go from 1 ml. down to 600 K THEN get taxed on top of that ?
    He ended up with considerably less than he won but still will be sitting pretty from a $ 10.00 investment.