ANKENY MAN WINS $1 MILLION LOTTERY PRIZE

Click here for media-ready jpeg image of Lottery CEO Terry Rich and Richard Bauder.

Richard Bauder Wins Top Prize in "Set for Life" Scratch Game

DES MOINES, Iowa – An Ankeny man was in total shock when he realized he'd won the top prize of $1 million playing the Iowa Lottery's "Set for Life" instant-scratch game.

Richard Bauder, 25, posed for a photo with Iowa Lottery CEO Terry Rich as he claimed his prize at the Iowa Lottery's headquarters in Des Moines. Bauder bought his winning ticket at Casey's, 1602 W. First St. in Ankeny.

Set for Life is a $20 scratch game with eight top prizes of $1 million. Players who win the top prize have the option of receiving it as an annuity or lump-sum payment. If the winner chooses to take the annuity, he/she will be paid $40,000 per year for a period of 25 years.

Bauder chose the lump-sum payment, and he received $650,000 before taxes.

Three top prizes of $1 million are still up for grabs in the game, along with four prizes of $10,000, as well as more than 25 prizes of $1,000, more than 55 prizes of $500 and more than 290 prizes of $100.

Since the Iowa Lottery's start in 1985, its players have won more than $2.4 billion in prizes while the lottery has raised more than $1.2 billion for state programs.