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It comes as The Sun US spoke to an expert about where in the US the luckiest lotto players live
ONE lucky lottery winner has bagged themselves the $25,000 a year for life jackpot but is yet to claim the mega reward.
Kentucky Lottery officials are now searching for the prizewinner after discovering the ticket was sold at Jr. Foods in Bowling Green.
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The draw took place on Tuesday evening with no one coming forwards as of yet to announce themselves as the victor.
The winning numbers were eight, nine, 15, 31, 32.
Twelve was the final number picked as the Lucky Ball.
Lottery officials say the win marks the fifth time a $25,000 a year for life has been won in Kentucky this year.
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There are three steps the lucky winner must take in order to claim the top prize.
The first is to head to the lottery headquarters in Louisville with their winning ticket in hand.
The second is to pick how you want to receive the cash.
There is the annuity option which will see the winner get annual payments of $25,000 — before taxes — for the rest of their life.
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This money will be taxed with some states seeing as much as $7,500 shaved off for each payment.
The other option is to take a lump sum which sees a much larger sum of cash instantly deposited into your bank.
A much higher amount of tax will be taken off the larger prize if so.
The third is to claim the ticket within the allotted time frame.
To find out the correct date, players must go on online to their state’s Lottery website.
It comes as The Sun US spoke to an expert about where in the US the luckiest lotto players live.
New Jersey and New York rank the highest, according to new research, with a lottery expert Jared James, a licensed CPA, former M&A banker, and the founder of LottoEdge divulging the details about what the findings mean for players across the country.
“A state or person may look ‘lucky’ because they happened to beat the odds in that moment, but that doesn’t mean future players have a better shot there. Luck isn’t contagious,” he told The U.S. Sun.
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.
The lottery expert explained that larger states in turn sell more tickets, resulting in more combinations being played and a greater number of chances for a resident to win.
Smaller states, on the other hand, can “absolutely” score a jackpot win, but they are much rarer because these states sell fewer tickets.
“It’s a reflection of population, ticket sales volume, and probability math, not mystical fortune,” Val Martinez, CEO at BettingLadies.com, told The U.S. Sun.
“The more tickets sold in a state, the more jackpots it will statistically produce.”
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The same principle applies when it comes to what store you buy your lottery ticket at.
While one past study revealed that certain convenience store chains are statistically the luckiest, and yet another found the cities where players are most likely to win big cash, probability rather than luck is what is truly at play.
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