Lottery ticket alert - Somebody just won $25,000 a year for life at this 7-Eleven store

A lifetime of cash could be yours if you have the winning lottery ticket

Photo bymilkos/123rf

Imagine winning $25,000 a year every year for the rest of your life. One lucky lottery player in Michigan did just that!

In a press release, the Michigan Lottery announced a second-place winner in the Lucky for Life drawing for May 2, 2023. The winning ticket matched the five white ball numbers drawn. This is enough to earn the fortunate ticket holder $25,000 a year for life.

As of this writing, the Michigan Lottery has not reported if anyone has come forward to claim the prize money. However, they have released the following important details about the drawing.

What were the winning Lucky for Life numbers for May 2, 2023?

You can check to see if you have a winning ticket by either going directly to the Lucky for Life website or watching this video of the drawing.

Which lottery retailer sold the winning ticket?

A Michigan 7-Eleven store sold the Lucky for Life ticket. See the below map for the store location.

Decisions, decisions: How to collect your money?

The lottery winner will need to decide between two options to collect their prize money. They can either receive annual payments or a one-time lump sum cash payment.

Here’s how the Michigan Lottery explains the prize disbursement options:

“Lucky for Life - The annuitized jackpot amounts for the $1,000/Day for Life and $25,000/Year for Life prizes shall be paid out for the winner’s lifetime or 20 years, whichever is greater, unless within 60 days from the date the winner claims their prize, they request the cash option method of payment.”

Should the winner of the $25,000 a year for life prize opt for the one-time cash payment, they will receive $390,000.

Would you choose the payments of $25,000 a year or the one-time cash payment?

There are certainly pros and cons to each. Some people feel a “bird in the hand” is better and want as much cash right away as possible. They would choose the lump sum. Others like the idea of regular annual payments that over time could amount to much more than the one-time cash prize.

Do you have an opinion? Let us know in the comments section which you would choose and why.

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Thanks so much for reading!