PINELLAS COUNTY, Fla. (WFLA) — A Pinellas County man became Florida’s latest millionaire after he claimed a $1 million prize-winning scratch-off ticket from the Florida Lottery.
Lottery officials announced Monday that 49-year-old Alberto Caldo, of Tarpon Springs, chose to receive his $1 million prize from the 500X the Cash scratch-off game at the Lottery Headquarters in Tallahassee.
Caldo chose to receive his winnings as a one-time, lump-sum payment of $820,000.
Caldo bought his winning ticket from Pop N Munch located at 680 East Tarpon Avenue in Tarpon Springs. The retailer who sold Caldo his winning ticket will receive a $2,000 bonus commission.
The $50 game features a top prize of $25 million and the best odds to become an instant millionaire, the lottery said on its website. Only one of the two $25 million top prizes have been paid so far.
| Prize Amount | Odds of Winning | Total Prizes | Prizes Remaining | Prizes Paid |
|---|---|---|---|---|
| $25,000,000 | 1-in-21,419,145 | 2 | 1 | 1 |
| $1,000,000 | 1-in-267,739 | 160 | 67 | 93 |
| $50,000 | 1-in-142,794 | 300 | 125 | 175 |
| $20,000 | 1-in-19,953 | 2,147 | 925 | 1,222 |
| $10,000 | 1-in-20,037 | 2,138 | 947 | 1,191 |
| $5,000 | 1-in-5,014 | 8,544 | 3,760 | 4,784 |
According to the Florida Lottery, the game’s overall odds of winning are 1-in-4.50.