A Florida man has struck it rich by playing a $50 lottery scratch-off game and claiming a $1,000,000 jackpot.
The Florida Lottery announces that Alberto Caldo, 49, of Tarpon Springs, claimed a $1 million prize from the 500X THE CASH Scratch-Off game at Lottery Headquarters in Tallahassee. He chose to receive his winnings as a one-time, lump-sum payment of $820,000.00.
Caldo purchased his winning ticket from Pop N Munch, located at 680 East Tarpon Avenue in Tarpon Springs. The retailer will receive a $2,000 bonus commission for selling the winning Scratch-Off ticket.
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The $50 game, 500X THE CASH, features a top prize of $25 million—the largest ever offered on a Florida Scratch-Off game—and the best odds to become an instant millionaire! The game’s overall odds of winning are 1-in-4.50.
Scratch-Off games are an important part of the Lottery’s portfolio of games, comprising approximately 77 percent of ticket sales and generating more than $1.8 billion for the Educational Enhancement Trust Fund (EETF) in fiscal year 2021-22.