TALLAHASSEE, Fla. (AP) – Luis Salazar has seen a lot in his 90 years. But he’s never seen $16 million. Until Tuesday. The Osceola County man, believed to be the oldest person ever to win the lottery in Florida, came to Tallahassee to collect his prize. Salazar chose a lump sum of $10,089,377.57 over 30 annual payments of $533,333.
Remember SNL’s skit where death row inmate Gary Gilmore won the Illinois State Lottery of x amount per year for life? They were quoted as saying “We couldn’t be more pleased.”
That has been one thing I wondered in passing, but until I actually win one of the things, it’s sort of moot. If you choose the annuity option, does it stop upon your death, or does it go to your estate? Anybody know?
Even at so, at ninety, I’d take the lump sum and splurge. Spend it like there ain’t no tomorrow.