A lottery winner has returned home after a joint vote with far less money than his lucky ticket suggested.
The winner of $5,000 a week for living in upstate New York went home with a smaller lump sum.
Dhruvin Varma — a resident of Weehawken, New Jersey — bought the winning ticket at a Manhattan convenience store.
The total payout for the ticket can be up to $5 million before taxes.
Varma opted for a lower lump sum instead of maintaining her earnings over a longer period of time.
The election reduced earnings after fees and taxes to $2,319,607.
A smaller, one-time lottery payout can pay off for winners if they can properly invest the cash inflow.
Lottery players struggling with problem gambling can call the National Gambling Hotline at 1-800-522-4700 or visit the National Council on Problem Gambling website.
OTHER NEW YORK LOTTO WINNERS
Last week, three people shared winning a lucky $2,500 A Week For Life game.
The three winners – Jose Zengotita, Robert Zengotita and Carlos Zengotita – received a one-time lump sum payment.
The ticket was originally priced at $2.5 million.
The lump sum payment, split into three ways, each paid recipients just over $390,000.
New York has its own gambling hotline for lottery players with addiction problems.
For help, visit NYProblemGamblingHelp.org and call the confidential number 1-877-846-7369.
Players can also text HOPENY (467369).
LOTTERY IMPLICATIONS IN NEW YORK
New York State wrote that it has the most profitable lottery game in North America.
Profits from the game go directly to the state’s education fund.
The state reported total revenue from 2021-2022 of $4,231,742,980.
The games raised $1,257,264,823 for the New York School District, the largest district in the country.
The US Sun covers other lottery games – here’s a giant Mega Millions ticket that hasn’t been claimed yet.
Also, lottery experts have a to-do list for the winners.