$70 million Calif. SuperLotto winner comes forward

Jun 27, 2014, 3:23 pm (31 comments)

California Lottery

SAN FRANCISCO, Calif. — More than a month after buying the winning ticket in San Francisco, a 41-year-old man has finally come forward as the winner of a $70 million lotto ticket, the California Lottery said Wednesday.

Eurico Chin bought the ticket on a whim in late May at a Safeway in the Sunset District. "I thought to myself, 'why not?'" he said, according to a press release from the California Lottery. "I'm already here, might as well buy one," he reportedly said.

He purchased the winning SuperLotto Plus ticket, along with four others, at the Safeway at 2350 Noriega St. (Lottery officials did not give his city of residence, and said he wasn't interested in doing media interviews.)

Chin knew he was the winner, but waited to come forward because he was mulling over the possibilities for his loot.

"You have to plan carefully about what to do with the money," he said. In the meantime, Chin devised a strategy. He plans on investing most of the winnings and may buy a new house and car. He's also likely to retire, according to the press release.

From what occupation is unknown.

"I was watching the news and I saw that the winner was on Noriega (Street) and I remembered that I bought the ticket on Noriega," he said, according to a press release. "I thought to myself, 'Well, it might be me.'"

The winning numbers matched his ticket when he checked online.

"First I was in shock, I couldn't believe it. I checked the ticket several times to make sure that I won," he said.

Chin is still deciding between taking a one-time cash payment, which lottery officials estimated to be nearly $41 million before taxes or an annuity option that would score him the full winnings prior to taxes over the course of 30 years.

The Safeway store on Noriega will also receive $350,000 for selling the ticket.

The award is the largest SuperLotto Plus award since a $76 million ticket purchased in Shasta City in 2009.

SuperLotto Plus is an in-state lottery game. Players can purchase $1 tickets and pick five numbers from 1 to 47 and a Mega number between 1 to 27. The California Lottery holds drawings at its headquarters in Sacramento every Wednesday and Saturday.

SFGate

Comments

haymaker's avatarhaymaker

I think I'll start buying my tix. on a whim also...ohh...wait I can't do that if I say it...can I ?

mrcraft's avatarmrcraft

Congrats, sir!  Thumbs Up

maringoman's avatarmaringoman

Living in California where the weather is always nice and then winning the lottery is just too good to be true. Mr Chin is gonna have it easy for a long time, nice catch!

SammyJoe10's avatarSammyJoe10

Congratulations! I read that he was unemployed. He's only 41-- I'd spend my time traveling the world.

Drenick1's avatarDrenick1

Smart man taking his time. He should consider relocating to a different state unless he wants to pay 13.3% state income tax on his future investments and that doesn't even account for the 39.6% federal tax as well as the 3.8% medicare tax.

whiteballz's avatarwhiteballz

congratulations Mr. Chin. Can I be next please? I got my ticket for Saturday night's Powerball.

IAteSomeLemons

Rarely do you ever see the lottery officials not say which city the person is from....I'm shocked everyone doesn't opt out of that...does he just get permission to do so because he won 70mil? Just curious.....

Party1377

Quote: Originally posted by Drenick1 on Jun 27, 2014

Smart man taking his time. He should consider relocating to a different state unless he wants to pay 13.3% state income tax on his future investments and that doesn't even account for the 39.6% federal tax as well as the 3.8% medicare tax.

Is it not 25% federal? + state ect.......

dallascowboyfan's avatardallascowboyfan

Congratulation Mr. Chin Thumbs Up

CDanaT's avatarCDanaT

Guess that win will keep his Chin up.....so to speak  Wink

whiteballz's avatarwhiteballz

Quote: Originally posted by CDanaT on Jun 28, 2014

Guess that win will keep his Chin up.....so to speak  Wink

LOL

pickone4me's avatarpickone4me

Quote: Originally posted by IAteSomeLemons on Jun 27, 2014

Rarely do you ever see the lottery officials not say which city the person is from....I'm shocked everyone doesn't opt out of that...does he just get permission to do so because he won 70mil? Just curious.....

Maybe it's an illegal collecting it.

ShowMeTheMoney$'s avatarShowMeTheMoney$

$70 Million is a really big jackpot for the California SuperLotto.  It only goes up about $1 million between drawings.  I think it takes months to get that big, and it usually doesn't so Mr. Chin is indeed very lucky!

mrcraft's avatarmrcraft

Quote: Originally posted by IAteSomeLemons on Jun 27, 2014

Rarely do you ever see the lottery officials not say which city the person is from....I'm shocked everyone doesn't opt out of that...does he just get permission to do so because he won 70mil? Just curious.....

In California, they don't release our city of residence unless we give them permission to do so.  It's not considered public records.  However, they do release the city where the ticket was purchased.  I assume the vast majority of tickets purchased are fairly close to where they live or work, so one can make an assumption that the winner probably lives or works nearby.

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