Buncombe County Woman Hits $2 Million Jackpot with Scratch-Off!
By Marge | Published 2025-08-30T18:14:25.47+00:00
News
Buncombe County -- August 30, 2025: Smith purchased her lucky ticket at the Circle K located on Boylston Highway in Mills River.
Upon claiming her prize, lottery officials presented her with a choice: an annuity option paying $100,000 annually or a one-time, lump sum payment of $1.2 million. Opting for immediate gratification, Smith chose the lump sum. After state and federal taxes were withheld, she walked away with a substantial $861,006.Lump Sum vs. Annuity: A Common Dilemma for Lottery WinnersLottery winners of large jackpots often face a significant financial decision: whether to take a lump sum or an annuity.Lump S