Brenda Aubin-Vega, 20, recently became the lucky winner of the coveted Gagnant à Vie lottery prize during a break at work. Her ticket revealed three piggy bank symbols, signaling she had won the game’s ultimate prize: CAD 1,000 weekly for life or a one-time cash option of CAD 1 million (approximately $730,000).
Unlike many lottery winners who prefer the lump sum payout, Aubin-Vega chose the steady annuity. She plans to use the consistent weekly income to help purchase her first home. In an interview with Loto-Québec, she expressed her disbelief and excitement, sharing that she immediately called her father to share the good news and took the day off to absorb the life-changing win.
The winning ticket was bought at Dépanneur Jen & Dan on Rue Poirier in Montreal, which will receive a CAD 10,000 bonus for selling the lucky ticket.
Why Do Most Winners Prefer the Lump Sum?
Although some winners like Aubin-Vega opt for the lifelong payments, the majority tend to take the lump sum. Reasons include the need for immediate funds, investment opportunities, and concerns about the long-term viability of lottery programs. For example, when Publishers Clearing House (PCH) went bankrupt, winners of their “$5,000 A Week Forever” prize lost out on future payments.
Still, long-term payouts remain an attractive option for some. Recently, an Ohio lottery winner opted for an annuity, choosing $80,000 annually over 25 years instead of a single payment, highlighting how some prefer stable income over time.
This story highlights the exciting options lottery winners face and how choosing either the lump sum or annuity depends on personal financial goals and circumstances.
