At just 24 years old, Randy Villalpando from Miami-Dade County has become a millionaire overnight after winning a staggering $1 million from a $50 scratch-off ticket. The lucky ticket came from the "500X The Cash" game, a popular choice offered by the Florida Lottery.
Villalpando claimed his life-changing prize at the Miami Lottery District Office, opting for a one-time lump sum payout of $640,000, according to a press release from the state lottery issued on Thursday. The winning ticket was purchased at El Palacio Supermarket, located at 995 Southwest Fifth Street, Miami, which earned a $2,000 bonus commission for selling the winning ticket.
This particular scratch-off game is notable for offering the largest grand prize in Florida Lottery history, a whopping $25 million. The overall odds of winning any prize in this game are 1 in 4.23, based on official statistics. Additionally, the game boasts over $1.66 billion in total cash prizes.
During the fiscal year 2023-2024, scratch-off games accounted for approximately 74% of all Florida Lottery ticket sales. Since their inception, these games have contributed significantly to the state's economy, including:
- Over $19.8 billion to the state's Educational Enhancement Trust Fund.
- More than $65.5 billion in prizes distributed.
- The creation of 2,283 millionaires across Florida.
Understanding Florida Lottery's Impact
How much did Randy Villalpando receive after taxes?
Randy Villalpando chose a one-time lump sum payment of $640,000.
Where was the winning scratch-off ticket purchased?
The winning ticket was bought at El Palacio Supermarket in Miami.
What is the grand prize for the 500X The Cash scratch-off game?
The grand prize for the 500X The Cash game is $25 million.