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75-year-old Iowa City man wins $25,000 a year for life (he took the lump sum)

Image of ceremonial check won by Joseph White from the Iowa Lottery.
Image of ceremonial check won by Joseph White from the Iowa Lottery.

CLIVE — Joseph White of Iowa City cashed in his winning ticket Thursday to become the state’s sixth big winner in the Iowa Lottery’s Lucky for Life since the game started in 2016.

White, 75, claimed a prize of $25,000 a year for life that he won with a lottery ticket he bought at the Kum & Go at 1310 S. Gilbert St. in Iowa City.

The ticket White produced at lottery headquarters matched the first five numbers but missed the Lucky Ball in Monday night’s drawing to win the game’s second prize of $25,000 a year for life.

Lucky for Life is a $2 game with drawings on Mondays and Thursdays. The game’s top two prize levels are described as “lasting as long as you do,” meaning that they are truly for life.

The minimum guaranteed payout for those two prize levels is 20 years, and there is a lump-sum option for players who prefer that rather than lifetime annuity payments. White chose to receive his prize as the lump-sum option.

According to lottery officials, the lump-sum option of $390,000 nets out to $276,900 after federal taxes of $93,600 and state taxes of $19,500 are withheld.

The winning numbers in Monday’s Lucky for Life drawing were: 1-16-27-39-45 and Lucky Ball 10.

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Kum & Go will receive a $500 bonus from the lottery for selling White’s ticket at one of its stores.

Players in Lucky for Life choose five numbers from a pool of 48 for the white balls and one out of 18 numbers for the Lucky Ball. Players can win the game’s top prize of $1,000 a day for life by matching all six numbers selected in one of its drawings.

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