Jeremy Lockett Thought He Hit A $50,000 Jackpot, Discovers He Actually Won Money For Life

01/14/2014 03:00 pm ET | Updated Jan 23, 2014

Jeremy Lockett got the surprise of a lifetime when he went to cash in his winning lottery ticket.

Lockett, of Malden, Mass., went to the Massachusetts State Lottery headquarters on Jan. 7 to collect the $50,000 he thought he had won, ABC News reported. To his delight, he learned that he'd purchased a $20 "Lifetime Spectacular" ticket and had actually won $50,000 every year for life.

Lockett and his family "went nuts," a lottery spokeswoman told

lottery winner

The winning ticket was purchased at Stop N Gas Inc. in Dorchester, Mass., according to the outlet. The store will receive a $10,000 commission on the sale.

Lockett decided to take the cash option, according to He received a one-time payment of $650,000, minus taxes.

The site reported that he plans to pay off small debts and make some investments.

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