Man scratches off $3.7M after buying ticket at this Longmont store

DENVER ( KDVR ) — When purchasing a Powerball or Mega Millions ticket, you do so with the hope of winning the massive jackpot, which can be over $1 billion at times. But imagine winning millions of dollars off of just a scratch ticket.

Scratchers can be a good introduction to the lottery with tickets costing $1 to $50. The games are interactive as the player has to scratch off a layer of the card to see if a series of numbers or symbols leads to a prize.

One Colorado Lottery player scratched off the prize of a lifetime when he won over $3 million on a single ticket.

On Tuesday, the state lottery said Miguel N. from Berthoud made a huge profit after winning the $3,665,272 top prize on his $50 Set for Life scratch ticket. Miguel purchased the lucky scratcher at the G&R Food Mart at 14015 Mead St. in Longmont.

According to the lottery, Miguel scratched off the “Life” symbol, winning $5,000 every week for 20 years. In total, Miguel won $5.2 million but opted to take the one-time pre-tax cash value of over $3 million.

While the lottery said Miguel declined to share details on what he plans to do with his newfound wealth, he sure is lucky. According to the Colorado Lottery, the probability of winning the top prize on the Set for Life scratch game is 1 in 1,800,000.

While the chances of winning more than a million dollars on a scratch ticket are slim, the Set for Life game has an 80% payout, according to the lottery. If you purchase one of those tickets, you have a 1 in 5.56 chance of breaking even and winning $50 and a 1 in 25 chance of winning $150.

Now that the Set for Life top prize is gone, the Colorado Lottery said they will launch their next $50 game, Best Chance to Be a Millionaire, on Sept. 16. The lottery said this scratcher has the best odds of winning $1 million in Colorado Lottery history.

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