It was probably the best gift the newlywed couple received for their wedding, or the day after. The groom, who wishes to remain anonymous, gave his bride a $10 lottery ticket to celebrate their first day of wedded bliss, but it surprised the both of them when they found out that the ticket won them $1 million. Now, anybody would be shocked and wary whether this was real or not. The couple was in disbelief and they wanted to make sure that they had really won, so they kept reading the instruction over and over.
They decided to bring it to the Michigan Lottery where they opted to take their prize as a one-time lump sum which amounted to $693,000 instead of receiving them in annuity payments. Of course, the choice of whether to get it in cash now or get it in several payments over the years depends on the winners' preference. Some financial advisors might suggest to take the annuity option as it provides a long-term financial safety net. But, the couple's decision to take the lump sum is totally understandable as they plan on putting the money into investments instead.
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