PEABODY — A Peabody man recently won a $2 million prize on a lottery ticket.
John Ferragamo bought the winning ticket of the Massachusetts State Lottery’s “$2,000,000 50X Cashword” instant ticket game at Sunoco on Lynn Street in Peabody, the Lottery said in a prepared statement.
He chose the cash payout option and received a one-time payment of $1.3 million before taxes.
He told Lottery officials he plans to buy a new car and go on vacation.
Sunoco also received a $20,000 bonus for selling the ticket, the Lottery said.