Wally Markham of Waterloo, IA on Nov. 9, 2011 claimed his $7.5 million Hot Lotto jackpot from the Nov. 5, 2011 drawing.
The retired Markham purchased his winning ticket at a Kwik Stop in Waterloo; the store will receive a $5,000 bonus for the sale. The odds of winning the jackpot playing Hot Lotto are 1:10,939,383. Markham chose to take his winnings in a lump sum, bringing home $3.947 million after taxes. Aside from investing part of it, he says he has no immediate plans for the money.
Hot Lotto is played in the District of Columbia, Delaware, Idaho, Iowa, Kansas, Maine, Minnesota, Montana, New Hampshire, New Mexico, North Dakota, Oklahoma, South Dakota, Vermont and West Virginia. The jackpot currently sits at $1 million for the next drawing on Sat., Nov. 12, 2011.