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MA Man Claims $50K Lotto Prize, Discovers It's $50K Per Year

Jeremy Lockett of Malden, Mass., was thrilled when he bought a scratch-off lottery ticket and learned he'd won a $50,000 prize.

But when Lockett and his family went to the Massachusetts State Lottery's Braintree headquarters to collect his winnings, they found out he'd actually won $50,000 a year for life.

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His reaction?

"They went nuts" and were dancing in the lottery office, a lottery official said, according to a Jan. 7 press release.

Lockett, who runs his own business, bought the winning $20 "Lifetime Spectacular" ticket at a Stop N Gas in Dorchester.

He selected the cash option, which is based on the prize's minimum 20-year guaranteed payout, and received a one-time payment of $650,000, minus taxes.

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Lockett plans to pay off small debts and make some investments with his windfall, the lottery said.

Stop N Gas will get a $10,000 commission on the sale.

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