‘I can finally afford a house,’ Toronto man says after winning $55M lottery jackpot

Authored by globalnews.ca and submitted by Arvedui_Last_King
image for ‘I can finally afford a house,’ Toronto man says after winning $55M lottery jackpot

Send this page to someone via email

Nishit Parikh says he “can finally afford a house in Toronto” after he won a $55 million Lotto Max Jackpot.

The Ontario Lottery and Gaming Corporation (OLG) announced Friday that the 30-year-old Toronto resident won the jackpot on the Aug. 5 draw.

Parikh said in the OLG statement that he bought the ticket around an hour before the draw closed and the next day heard that someone in Toronto had won.

He said when he scanned his ticket on the OLG app and saw “big winner,” he didn’t believe it at first and had his father take a second look.

“When I scanned it in front of him, he was so excited – he believed it right away,” Parikh said.

“I still wasn’t convinced, so I had him scan the ticket on his phone in case it was a glitch on my end.”

Then it hit home for Parikh.

“I was overcome with joy. I thought to myself, now I can finally afford a house in Toronto,” he said.

He then shared the news with more family members.

When he plays the lottery, Parikh uses a set of numbers that are comprised of significant family dates, but it was a line of auto-generated numbers that won him the jackpot, the OLG said.

Parikh, who works as a project manager, sought financial advice before claiming the prize, the OLG said.

Now, he plans to take care of his family and explore the world.

“My parents made so many sacrifices for me to succeed. Now I can take care of them the way they deserve,” he said.

“This win gives me freedom and opportunity to spread my wings and see the world,” Parikh added.

3:06 BIV: Real Estate market should brace for rough 2023

“I’ve always wanted to see South America and now I can take my time and savour the scenery across the continent.”

He said he also plans on investing in real estate, but will take time to settle into the win.

“I want to be smart with this money and live a life that’s as normal and low-key as possible,” he said.

He bought the winning ticket at a Petro Canada on Markham Road in Scarborough.

DreadpirateBG on December 9th, 2022 at 22:09 UTC »

Good for him. I hope he handles it well and disappears into a quite enjoyable life

moose4130 on December 9th, 2022 at 22:03 UTC »

99pi did a podcast about the "missing middle" in Toronto, and how the city has basically legislated cheaper housing out of existence. Missing Middle

"Missing middle housing describes a range of multi-family or clustered housing types that are compatible in scale with single-family or transitional neighborhoods. Missing middle housing is intended to meet the demand for walkable neighborhoods, respond to changing demographics, and provide housing at different price points.", per Wikipedia

Black_rose1809 on December 9th, 2022 at 20:18 UTC »

Awesome. Then after the remaining $5, he can get some taco bell.

All joking aside, I'm happy for him!