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Teen buys a lottery ticket on her 18th birthday and wins $1,000 a week for life

Canada news Kemarin
A Quebec teen purchased her first lottery ticket on her 18th birthday and won the jackpot: a choice between $1 million CAD (£550,000) or $1,000 a week for life. The teen opted for the weekly payments because they wouldn't be taxed.

Canadian teenager wins the lottery with the first ticket she bought on her 18th birthday

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She won, and had the choice between taking a C$1m ($780,000) lump sum or earning $1,000 a week for life. After consulting with a financial adviser, the young winner opted for the $1,000 annuity because it is not taxed.

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Canada teen wins $1000 a week for life on 18th birthday - must remember to dig up the research on how happy lottery winners become. $1000/week def. smarter than the lump sum...

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What a decision for an 18 yr old to make...! What would you choose - $1000 a week for the rest of your life or $1million lump sum?

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Membalas

It depends on age (and mentality) of the person. Personally I'd take lump sum and invest. Always wanted to have properties

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Membalas

I'd go for the guaranteed weekly income.

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Membalas

Wonderful. Hopefully, it will be well invested, well spent and will bring more good luck to her.

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I don’t remember what I got for my 18th birthday, but it CERTAINLY was not this.

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