LOTTO officials have issued a warning calling for one lucky player to step forward before an $83.5million jackpot win expires.
Lottery players have been urged to check through their old slips as this life-changing ticket was bought at a hobby store.
GettyLotto tickets are covered with one hyndred dollar bills.[/caption]A huge Lotto Texas jackpot was won during a draw on February 17.
The winning numbers were 19-21-25-45-47-52.
This lucky player matched all six numbers to score the $83.5million win.
This person also picked their numbers and chose the cash option.
The winning ticket was purchased at a Winners Corner store at 7817 Rockwood Lane in Austin, Texas.
Monday’s jackpot win was the fifth largest in Lotto Texas history.
The biggest cash prize won was $145million in El Paso on June 19, 2004.
This person cannot leave this hanging around too long as Texas lottery winners have 180 days to come forward and claim their money.
There are also three crucial steps this winner must take to get their cash.
Firstly, they must sign the back of their ticket.
This is vital to ensure that the money is distributed to the person who bought the ticket and played the game.
Next, the player must make an appointment at the Texas Lottery headquarters in Austin.
Then, lottery players must choose how they accept their win.
Lottery prizes must be received either through a one-time cash payment or annuity payments.
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.
This player already completed this step, as they chose the cash option when they initially bought their slip.
BIG WIN
Lottery officials across the country are waiting for other winners to claim their huge prizes, The U.S. Sun has previously reported.
An anonymous Mega Millions player is sitting on a $1.5million prize.
This person, from California, spent just $2 on their lucky ticket.
The slip was purchased from a store in La Quinta – located around 20 miles from Palm Springs.
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