$65M winning Lotto Max ticket sold in Newmarket

[canada-man]

Posted March 29, 2025 4:00 pm.
Someone in Ontario is holding a winning lottery ticket worth $65 million.
Ontario lottery officials say the winning ticket for Friday’s Lotto Max draw was sold in Newmarket.
There was one Maxmillion winning ticket worth $1 million and one winning ticket worth over $265,000, which went to a ticket bearing six of the seven numbers plus the bonus number.
The winning numbers in Friday’s draw were 7, 13, 33, 40, 44, 49, 50 and the bonus number 32.


It marks the fourth consecutive big-money jackpot to be won in Ontario this year.
The first was a $60 million jackpot won by five co-workers from the GTA on January 21, followed by a $25 million jackpot won by an 81-year-old officer of the Order of Canada on January 31 and a $40 million dollar jackpot won by a ticket purchased in Oshawa last month.
“In 2024, there were a record-breaking 11 jackpot wins in Ontario, totaling $525 million in Lotto Max jackpot prizing!” lottery officials said in a release.

$65M winning Lotto Max ticket sold in Newmarket

 

[Jenesis]

I wouldn’t know what to do with 65M. LOL.

 

[canada-man]

Buy stocks and live on the dividends(Passive income)

 

[anon1]

One mother of a TERB party!

 

[glamphotographer]

You can claim the prize as one lump sum, which is foolish, because you won't get the full $65M (more like $50M) and you'll end up spending it all at once. It's best to opt for the money to be paid out as an annuity. You'll get the $65M over a period of 20 years ($3.25M per year), and you'll manage your money a lot smarter. Too many lottery jackpot winners suffer from bad money management and end up bankrupt.

 

[jjz]

Posted March 29, 2025 4:00 pm.
Someone in Ontario is holding a winning lottery ticket worth $65 million.
Ontario lottery officials say the winning ticket for Friday’s Lotto Max draw was sold in Newmarket.
There was one Maxmillion winning ticket worth $1 million and one winning ticket worth over $265,000, which went to a ticket bearing six of the seven numbers plus the bonus number.
The winning numbers in Friday’s draw were 7, 13, 33, 40, 44, 49, 50 and the bonus number 32.


It marks the fourth consecutive big-money jackpot to be won in Ontario this year.
The first was a $60 million jackpot won by five co-workers from the GTA on January 21, followed by a $25 million jackpot won by an 81-year-old officer of the Order of Canada on January 31 and a $40 million dollar jackpot won by a ticket purchased in Oshawa last month.
“In 2024, there were a record-breaking 11 jackpot wins in Ontario, totaling $525 million in Lotto Max jackpot prizing!” lottery officials said in a release.

$65M winning Lotto Max ticket sold in Newmarket

I usually buy my lotto ticket up in Newmarket, I wish it was me.

 

[jjz]

You can claim the prize as one lump sum, which is foolish, because you won't get the full $65M (more like $50M) and you'll end up spending it all at once. It's best to opt for the money to be paid out as an annuity. You'll get the $65M over a period of 20 years ($3.25M per year), and you'll manage your money a lot smarter. Too many lottery jackpot winners suffer from bad money management and end up bankrupt.

At my current age, I would take it all in one lump sum and give the Money to my Money manager to invest.
Have 10 million in my regular account, that's the money I would use for taking care of Family, properties, and Fun money.
The rest goes into investments.

 

[glamphotographer]

At my current age, I would take it all in one lump sum and give the Money to my Money manager to invest.
Have 10 million in my regular account, that's the money I would use for taking care of Family, properties, and Fun money.
The rest goes into investments.

I wouldn't share your financial information on Terb. Just saying.

 

[jjz]

I wouldn't share your financial information on Terb. Just saying.

This is an break down of what I would do if I won the 65 million.
If I had 10 million in my account I would not tell anyone.

 

[jjz]

I wouldn't share your financial information on Terb. Just saying.

But thank you for the concern. I definitely would not share financial information.

 

[Grist]

You can claim the prize as one lump sum, which is foolish, because you won't get the full $65M (more like $50M) and you'll end up spending it all at once. It's best to opt for the money to be paid out as an annuity. You'll get the $65M over a period of 20 years ($3.25M per year), and you'll manage your money a lot smarter. Too many lottery jackpot winners suffer from bad money management and end up bankrupt.

It isn’t taxed in Canada.

 

[Grist]

I would use it to invent a condom that doesn’t turn my wiener purple

 

[glamphotographer]

It isn’t taxed in Canada.

Nope. the interest you earn on it in your bank account is taxed.

 

[Grist]

Nope. the interest you earn on it in your bank account is taxed.

Right, but that doesn’t mean the winner doesn’t receive the full prize of $65m

 

[blk999]

You can claim the prize as one lump sum, which is foolish, because you won't get the full $65M (more like $50M) and you'll end up spending it all at once. It's best to opt for the money to be paid out as an annuity. You'll get the $65M over a period of 20 years ($3.25M per year), and you'll manage your money a lot smarter. Too many lottery jackpot winners suffer from bad money management and end up bankrupt.

Wrong. In Canada winner gets full prize outright. You’re describing the us lottery.

 

[glamphotographer]

Wrong. In Canada winner gets full prize outright. You’re describing the us lottery.

They can opt for annuity payments.

How Are Lottery Winnings Paid Out In Canada?
In Canada, lottery winners have several options for receiving their winnings. The most common options include a lump-sum payment and an annuity payment. A lump-sum payment is a one-time payment of the full amount of the prize, while an annuity payment is a series of payments over a set period of time. Some lotteries may also offer a combination of these options.

How Long Does It Take To Receive Lottery Winnings In Canada?

Wondering about how long it takes to receive lottery winnings in Canada? Delve into our expert advice, covering the various factors that influence payout timelines. Learn tips to streamline the process and ensure you get your lottery prize in a timely manner.

factsontaxes.com

 

[Grist]

They can opt for annuity payments.

How Are Lottery Winnings Paid Out In Canada?
In Canada, lottery winners have several options for receiving their winnings. The most common options include a lump-sum payment and an annuity payment. A lump-sum payment is a one-time payment of the full amount of the prize, while an annuity payment is a series of payments over a set period of time. Some lotteries may also offer a combination of these options.

How Long Does It Take To Receive Lottery Winnings In Canada?

Wondering about how long it takes to receive lottery winnings in Canada? Delve into our expert advice, covering the various factors that influence payout timelines. Learn tips to streamline the process and ensure you get your lottery prize in a timely manner.

factsontaxes.com

Yes, but none of the original winnings are taxed.

Amounts that are not reported or taxed - Canada.ca

This page lists the types of income that are not taxable and you do not have to report on your return.

www.canada.ca

 

[Rukos_48]

I think you'd see a lot of providers maybe all at once

Damn, you can buy an agency or invest on a spa and use the residual income to feed the homeless. I would definitely get mail orders brides.

 

[Luke_st87]

It isn’t taxed in Canada.

Lotteries with annuities like cash for life you can opt for a lump sum. Lotto max and 649 are full payout via cheque (under 25m) or wire transfer over $25M

 

[jeff2]

Maybe set up an international will and then get out of dodge for a while.
Then perhaps look at buying a house and other important things like arranging for an in house masseuse.