Larry Parks of Valdese won a $1 million prize in the North Carolina Education Lottery’s Colossal Cash game. Parks, a maintenance mechanic for the City of Hickory, stopped at Mel’s Superette on Old Lenoir Road in Hickory in early May and bought two $10,000,000 tickets. He then decided to go back in and buy a third, which was the winning ticket.
Parks claimed his prize at lottery headquarters in Raleigh on Wednesday (June 3). He had a choice of taking the $1 million as an annuity of $50,000 a year over 20 years, or a lump sum of $600,000. He chose the lump sum and after federal and state tax withholdings, Parks took home $424,509. Parks plans to use some of his winnings to buy a new home, and then will “just save the rest.”
The $10,000,000 Colossal Cash game launched in August 2018 with four top prizes of $10 million and 16 $1 million prizes. Two $10 million prizes and four $1 million prizes remain to be won.