Showing posts with label Oceanway Market. Show all posts
Showing posts with label Oceanway Market. Show all posts

Saturday, June 19, 2010

Local Contractor Wins One MILLION Dollars

Pictured: Michael Reagan, President of Local Class A-Contractor M. Reagan & Sons, is presented a $1 million check from Virginia Lottery Deputy Director Richard Williams. Reagan bought the check from the Tasley Oceanway "after having a bad day at work," he said.

Michael Reagan of Harborton pointed to a Virginia Lottery scratch ticket and said, "Yeah, give me that one." With those five words, he won $1 million.

"That one" was a Maximum Millions ticket he bought from Oceanway Market at 24328 Lankford Highway in Tasley. He scratched the ticket and discovered he had won the top prize: his choice of either $1 million dollar in annual payments over 25 years or a one-time cash option of $564,000 before taxes. He chose the cash option.

On June 18, Mr. Reagan returned to the store to receive his prize from Virginia Lottery Deputy Director Richard Williams. The store received a $10,000 bonus from the Lottery for selling the ticket.

Reagan is the seventh player to claim the top prize in Maximum Millions, which means eight-top prize tickets remain unclaimed. Although his win was the talk of the are even before he officially claimed the prized, Reagan took it in stride.

"I didn't jump up and down and I haven't jumped up and down since," he said.

Reagan is the President of M. Reagan and Sons contracting, a local Class-A contractor. When asked what he's going to do with the money he said "Not a whole lot is going to change. I'm going to pay some bills and make life a little easier, but I still went to work this morning and I plan on continuing to work."

At the presentation Reagan was asked how he felt, he responded "OK, you know, honestly OK."

Nearly 95 cents of each dollar spent on the Virginia Lottery by players goes back to the Commonwealth in the form of contributions to education, prizes and retailer commissions. Since 1999, all Virginia Lottery profits have been designated solely to K-12 public school education in the Commonwealth. In that time, the Lottery has turned over more than $4 billion for Virginias public schools. The latest annual profits of $439.1 million currently represent about 7 percent of state funding for public education in Virginia. In 21 years, the Lottery has sold more than $21.1 billion in tickets, awarded more than $1.1 billion in retailer commissions and paid more than $11.6 billion in prizes to players.