NY Lottery: Man Claims $1 Million Scratch-Off Prize, Receives $651,000 After Taxes
In a life-changing moment, Jose Molina of East Meadow, New York, claimed a $1 million top prize from the New York Lottery’s Millionaire Maker scratch-off game. However, after required tax withholdings, he received a lump-sum payment of $651,000, according to lottery officials.
The Winning Moment
Molina’s winning ticket was purchased at DGNJ 144 Gas Station, located at 144 Hempstead Turnpike in West Hempstead. The $1 million prize is one of the largest scratch-off wins in recent times, offering a significant financial boost to the lucky winner.
How the Winnings Were Calculated
When claiming a $1 million lottery prize, winners can choose between an annuity or a lump-sum payment. Molina opted for the lump-sum option, which means he received his winnings in a single payment. However, lottery prizes are subject to federal and state taxes, which resulted in the $651,000 net amount.
Remaining Prizes
As of the latest update, four $1 million top prizes remain unclaimed in the Millionaire Maker scratch-off game. Players are encouraged to check the status of any New York Lottery scratch-off game by downloading the Game Report available at nylottery.ny.gov.
Impact on Local Education
New York Lottery scratch-off games generated a staggering $4,339,794,048 in total sales during the fiscal year 2024–2025. A significant portion of these funds goes toward education. For instance, school districts in Nassau County received $250,170,564 in Lottery Aid to Education funds, while Oswego County received $37,698,742 during the same period.
Responsible Gambling
While lottery wins can bring joy, it’s essential to gamble responsibly. New Yorkers struggling with a gambling addiction or those who know someone who is can seek help at NYProblemGamblingHelp.org. Additionally, the state’s confidential HOPEline can be reached by calling 1-877-8-HOPENY (1-877-846-7369) or by texting HOPENY (467369). Standard text rates may apply.
For more information or professional advice about gambling, individuals can call 1-800-GAMBLER or visit 1800gambler.net.
What This Means for Lottery Players
The story of Jose Molina’s win highlights the potential for life-changing outcomes when playing the lottery. However, it also underscores the importance of understanding the financial implications of such wins, particularly the tax withholdings that reduce the final payout.
Choosing Between Annuity and Lump Sum
Lottery winners often face a crucial decision: taking the prize as an annuity (paid out over several years) or a lump sum (a single payment). While the lump sum provides immediate access to funds, it is subject to immediate taxation. An annuity, on the other hand, spreads the payments over time, potentially reducing the tax burden in the short term.
The Role of Scratch-Off Games
Scratch-off games are a popular choice for lottery players due to their instant gratification. Unlike traditional lotteries that require waiting for a drawing, scratch-offs offer the excitement of immediate results. The Millionaire Maker game, in particular, has proven to be a hit, with multiple $1 million prizes up for grabs.
Conclusion
Jose Molina’s $1 million win is a testament to the life-changing potential of the New York Lottery. While he received $651,000 after taxes, the experience is undoubtedly a turning point in his life. As the lottery continues to support education and provide opportunities for big wins, players are reminded to gamble responsibly and enjoy the thrill of the game.
