PINELLAS COUNTY, Fla. (WFLA) — A Pinellas County man became Florida’s latest millionaire after he claimed a $1 million prize-winning scratch-off ticket from the Florida Lottery.
Lottery officials announced Monday that 49-year-old Alberto Caldo, of Tarpon Springs, chose to receive his $1 million prize from the 500X the Cash scratch-off game at the Lottery Headquarters in Tallahassee.
Caldo chose to receive his winnings as a one-time, lump-sum payment of $820,000.
Caldo bought his winning ticket from Pop N Munch located at 680 East Tarpon Avenue in Tarpon Springs. The retailer who sold Caldo his winning ticket will receive a $2,000 bonus commission.
The $50 game features a top prize of $25 million and the best odds to become an instant millionaire, the lottery said on its website. Only one of the two $25 million top prizes have been paid so far.
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According to the Florida Lottery, the game’s overall odds of winning are 1-in-4.50.