A trust in Ohio has claimed a $1 million prize from the VIP Millions scratch-off game, with the payout processed as a lump sum after taxes. The win highlights the ongoing popularity of high-value lottery tickets in the state
A trust based in Ohio has officially claimed a $1 million prize from the state's VIP Millions scratch-off lottery game, according to an announcement from the Ohio Lottery. The winning ticket was purchased at Schafer Market in Fort Loramie, and the prize was redeemed by The Championship Trust, represented by Alan C. Triggs, Esq.
Prize Claimed as Lump Sum
The Championship Trust opted for the one-time cash payout option, which provided $500,000 before taxes. After the required 26.75% tax withholding, the trust received $366,250. The alternative would have been an annuity paying $40,000 per year for 25 years, but the trust chose the immediate payout. The Ohio Lottery confirmed the transaction and the payout structure in its official release.
VIP Millions Game Details
VIP Millions is a $50 scratch-off ticket offered by the Ohio Lottery, featuring top prizes structured as either a $1 million annuity or a lump sum. As of August 18, when this win was announced, six top prizes remained available in the game. The high price point and large potential payout have made VIP Millions one of the more notable instant-win products in the state’s lottery portfolio.
Recent High-Value Lottery Wins in Ohio
Ohio has seen a series of significant lottery wins in recent months. Earlier this month, a player in the state secured a $1 million Match 5 prize from Powerball, just before the $1 billion Powerball jackpot was awarded. In July, a $1,000,000 Stacked scratch-off ticket sold at a Speedway location also resulted in a seven-figure payout. These wins reflect a broader trend of high-value lottery prizes being claimed across Ohio, with both instant-win and draw games producing notable results. In a related development, a Caesars Rewards guest in Virginia recently set a new table game payout record by winning over $1 million on Crazy 4 Poker, as reported in coverage of the Caesars Virginia jackpot.
Scratch-off lottery games like VIP Millions are structured to offer a mix of instant cash prizes and annuity options. The annuity provides a fixed annual payment over a set period, while the lump sum delivers a reduced amount immediately, subject to tax withholding. Players who win large prizes must decide between these options, with the choice affecting the total payout and tax implications. The structure of these games and the payout options are designed to balance immediate appeal with long-term value, and are a key part of how state lotteries manage prize pools and player expectations.
