Yadkinville man hits the lottery
by Submitted by Ryan Kennemur
Public Information Officer
North Carolina Education Lottery
Yadkinville resident Danny Williams, the second player to win the top prize in the $500 a Week for Life! game, plans to use his winnings to save for retirement. Williams was at home when he scratched off his lucky $1 ticket.
“I didn’t know how much I’d won until I went to claim the ticket in Greensboro,” Williams said. “This feels really good.”
The $500 a Week for Life! top prize guarantees winners an annual prize of $26,000 for the rest of their lives. The winner can also choose a lump sum cash prize, worth $354,000, instead of the annuity.
Williams chose the lump sum option and received a check for $240,720 after state and federal taxes were withheld.
$500 a Week for Life! is one of four instant games offering the chance to win as much as $5,000 a week for life. The tickets are available for $1, $2, $5 and $10 per play.
Williams purchased the lucky ticket at Cutter’s Grocery on Speer Bridge Road in Yadkinville. As of Tuesday afternoon, four more top prizes remain to be won in the $500 a Week for Life! game.
Ticket sales for games such as instant scratch-offs have enabled the lottery to raise more than $2.58 billion for education initiatives statewide. Since the lottery began through June 30, 2012, Yadkin County education programs received more than $10.2 million in lottery funds. By law, those funds pay for teachers’ salaries in grades K-3, school construction, prekindergarten programs for at-risk four-year-olds, and need-based college scholarships and financial aid.
North Carolina Education Lottery net proceeds are used for prekindergarten programs for at-risk four-year-olds, reduction of class size in early grades, school construction and need-based college scholarships. For prizes of $5,000 and greater, 25% federal tax and 7% state tax are automatically withheld.
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