URGENT UPDATE: A $1.5 million winning Scratch-Off ticket has just been sold in Bradford, Pennsylvania, sending shockwaves through the community. The Pennsylvania Lottery confirmed today that the winning ticket for the Cash Spectacular Scratch-Off was purchased at the Exxon Uni-Mart located at 76 Chestnut St.
Residents are urged to check their pockets, wallets, and glove compartments for any tickets purchased at this location. The store will receive a $10,000 bonus for selling the winning ticket, highlighting the immediate impact of this shocking win.
However, before the winner starts planning for their new fortune, it’s crucial to understand the tax implications. Due to federal law, the Lottery is required to withhold 24% of winnings upfront. Additionally, Pennsylvania applies its own state income tax of 3.07% on lottery prizes, meaning the actual cash received will be significantly lower. Generally, winners of such a prize can expect to take home just under $1 million after taxes are accounted for.
This exciting news comes as part of the Cash Spectacular game, which costs $30 per ticket and offers top prizes of $1.5 million. Winners must sign the back of their ticket and are advised to call the Lottery at (800) 692-7481 for next steps. It’s important to note that Scratch-Off prizes expire one year from the game’s end-sale date, so timely action is essential.
The Pennsylvania Lottery, which operates under the Pennsylvania Department of Revenue, remains unique in the nation for directing all proceeds to programs benefiting older residents. Since its inception in 1972, it has contributed over $37.2 billion towards services like transportation, care, and assistance for seniors.
Stay tuned for more updates as this story develops. If you think you may have the winning ticket, don’t delay in checking your records. The excitement is palpable in Bradford as this significant win could change someone’s life forever.