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Massachusetts woman plans to save $1M won on scratch ticket for retirement.
Summary
Diane Seymour of Easthampton won a $1 million Massachusetts State Lottery prize on a $10 instant ticket, chose a 20-year annuity and received the first $50,000 payment; she said she plans to use the money for retirement.
Content
Diane Seymour of Easthampton is the winner of a $1 million prize from the Massachusetts State Lottery. The prize came from the "$4,000,000 In The Money" $10 instant ticket game. Seymour chose the annuity option and received the first of 20 annual payments of $50,000 before taxes. She told lottery officials she plans to put the winnings toward retirement.
Key details:
- Winner: Diane Seymour, an Easthampton resident.
- Prize source: "$4,000,000 In The Money" $10 instant ticket game, $1 million prize.
- Payment choice: annuity with 20 annual payments of $50,000 before taxes; the first payment has been issued.
- Retail location: ticket purchased at Cumberland Farms, 130 College Highway, Southampton.
- Retailer bonus: the store receives a $10,000 bonus for selling the winning ticket.
Summary:
The announced payout begins a 20-year schedule of annual payments and the winner received the first $50,000 payment; she has said she will save the funds for retirement. The retailer received a $10,000 bonus for the sale. Undetermined at this time.
