PANAMA CITY BEACH, Fla. – A Bay County man won $1 million a year for life after purchasing a Florida Lottery scratch-off ticket, the Florida Lottery announced this week.
According to Lottery officials, Glen Thaxton, 69, of Panama City, claimed his prize at the Lottery’s Pensacola District Office.
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He chose to receive his winnings as a one-time, lump-sum payment of $640,000.
Lottery officials confirmed that Thaxton purchased his winning ticket from a food mart in Panama City Beach.
The retailer will receive a $2,000 bonus commission for selling the winning scratch-off ticket.
“The $50 Scratch-Off game, $1,000,000 A YEAR FOR LIFE SPECTACULAR, launched in February and features two top prizes of $1 million a year for life and 234 prizes of $1 million!” a news release from the Florida Lottery stated. “This game also features more than $1.6 billion in cash prizes. The game’s overall odds of winning are 1-in-4.50.”