LOTTERY officials are still hunting down a winner who has not stepped forward for their huge $250,000 prize.
A Powerball player has won a life-changing sum of cash but time is running out for them to collect their winnings.
AFPA Mega Millions lottery ticket worth $250,000 is still up for grabs (stock image)[/caption] The lucky player bought their ticket at a Kroger store but they are running out of time to claim the money (stock image)GettyThis lucky person purchased their ticket at a grocery store in Michigan.
The life-changing slip was bought at Kroger #656 in Bloomfield Hills, around 25 miles north of Detroit, according to Michigan Lottery.
This person struck the big bucks on the March 11, 2024, draw.
They won such a large sum of money by matching the correct numbers with a Power Play.
The winning digits were 1, 3, 7, 16, and 66.
This lucky player matched four of the white balls and boosted their money with the Power Play.
The anonymous person has a year to step forward and claim their money.
This means this high-value slip will expire in weeks on March 11, 2025.
The winner will not be able to claim their money after this date.
This has not been the only recent case of an unclaimed lotto slip nearing its end.
A Mega Millions winner still has not stepped forward for their huge $1million jackpot.
The ticket was bought before the November 15, 2024, draw.
This person had until May 13, 2025, to come forward and claim their cash.
The winning numbers were 05, 17, 35, 55, 69, and a gold Mega Ball of 19.
Lottery winnings: lump sum or annuity?
Players who win big on lottery tickets typically have a choice to make: lump sum or annuity?
The two payout methods can impact how much money you get from your prize.
Annuities pay out slowly in increments, often over 30 years.
Lump sums pay all at once but in a smaller amount, as taxes are withheld in one go. That means 24% of your prize goes to Uncle Sam right away. Many states tax winnings as well.
Annuities can provide winners time to set up the financial infrastructure required to take in a life-changing amount of money, but lump sums have the benefit of being taxed only once.
Inflation is also worth considering when making a choice, as payouts do not adjust with the value of a dollar. That means that you’ll likely be getting less valuable money towards the end of an annuity.
Each state and game pays out prizes differently, so it’s best to check with your state’s lottery to confirm payment policies. A financial advisor can also help you weigh the pros and cons of each option.
Experts have varying opinions on whether to take the lump sum or take the annuity.
A slip worth $50,000 has still not been claimed in Minnesota.
Lotto bosses revealed this ticket was purchased at a Super One Foods outlet in Baxter – around 130 miles from Minneapolis.
This person matched four numbers and the Powerball.
The ticket dates back to a draw that took place in March 2024.
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