Newly Wed Couple Win $1 million Scratchcard Prize

Getting married is exciting enough but for a couple from Livingston County in Michigan, USA, it was the lull before the storm. The day after their ceremony they won a $1 million Michigan lottery scratchcard prize.

Their winning Diamonds & Pearls Michigan Lottery scratchcard was bought from a convenience store in the small town of Prudenville. They’d stopped there and the 57-year-old male half of the couple decided to see if he could get a win.

He didn’t scratch off the ticket himself letting his wife do that. Their great week was about to get even better in a way they dare only dream of. The scratchcard had won them a fantastic £1 million prize.

Disbelief

Her husband said they were in “disbelief” at their discovery. In a moment like this, doubt tends to come into your mind. It did for this lucky couple as the husband explains: “We kept reading the instructions over and over again to make sure we really won.”

They had indeed won the top prize on the Michigan Lottery scratchcard. It’s probably the understatement of the year when he said: “It was an exciting couple of days for us.”

Big decision

The lucky couple had the choice of receiving their winnings as an annuity or a one-off lump sum payment. They chose the latter option and received a total of around $693,000. It’s a decision that American lottery winners regularly have to make.

Which is the best option? It’s entirely down to the winner but Emily Irwin from Wells Fargo Bank is often available to help advise lottery winners. Her belief is that the lump sum payment option is handy if you want to use your winnings to make investments. That’s the case here with the Michigan Lottery scratchcard winners saying they wish to go down that route.

The annuity option does give players “peace of mind,” says the financial advisor. That’s because it does give winners a guaranteed income over a long period of time. What decision would you opt for if finding yourself in this great position?

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