Ticket bought in Somerville yields state’s first-ever $25 million immediate winner

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The percentages of profitable one of many two remaining $25 million prizes are 1 in 10,080,000.

Marco Schiavo of Simmons & Schiavo Lottery Belief 2023-28 collected the prize cash on Tuesday on behalf of his nameless consumer. Courtesy Massachusetts State Lottery

The Massachusetts State Lottery simply awarded its largest-ever prize for an immediate “scratch and win” recreation to Simmons & Schiavo Lottery Belief 2023-28 of Woburn. Trustee Marco Schiavo claimed the $25 million grand prize for the “Billion Greenback Extravaganza,” a $50 scratch-off recreation, on Tuesday on behalf of his consumer.

It’s not unusual for large lottery winners to gather their prize cash within the title of a belief as a way to preserve their identities secret. The Massachusetts Lottery requires winners to be photographed once they gather their winnings, so to keep away from unwelcome publicity, some choose to create a belief and ship a trustee to gather the payout of their place.

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Schiavo, the trustee on this case, mentioned his consumer plans to make use of their winnings on actual property and different investments. They selected a one-time money cost on their prize, receiving $16,250,000 earlier than taxes.

With one $25 million grand prize within the “Billion Greenback Extravaganza” recreation off the desk, there are two left. The chance of profitable one of many remaining prizes is 1 in 10,080,000, in accordance with the Mass. Lottery’s web site.

These odds could also be astronomical, however the possibilities of scoring a humbler payout enjoying “Billion Greenback Extravaganza” are significantly better: 1 in 4.55 for a $100 prize and 1 in 4.1 total. The sport has an 82% prize payout and gives $1.2 billion complete in prizes, each document highs for the Mass. lottery. 

The profitable ticket was offered on the Speedway at 709 McGrath Freeway in Somerville, which is able to obtain a $50,000 bonus from the lottery for the sale.