The Costly Decision: How a Lottery Winner Lost $700,000 in Winnings

Diane McHome, a resident of Gainesville, Florida, won $2 million in the 100X THE CASH scratch-off game.

The odds of winning this game are one in 344

Diane bought the winning ticket for $10 from Southeast Gator Liquors.

However, she only took home $1.39 million due to choosing the lump sum option.

State lotteries also offer an annuity payment choice, but Diane opted for the lump sum.

Other lottery winners, like the recent New York winner and Cape Coral's Darren Martini, received smaller payouts with the lump sum option.