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Change of Fortune: Floyd County Man Wins $1 Million Prize In Lottery Game

Richard Koenigsfeld of Marble Rock Claims First Top Prize In 'Lifetime Riches' Game; Hopes His Luck Is Changing

Richard Koenigsfeld Mary Neubauer, VP of External Relations and Richard Koenigsfeld pose with ceremonial check.
  Hear Richard tell his story.

DES MOINES, Iowa - Iowa's newest lottery millionaire thinks he likely had some help winning his big prize.

"I really think my wife was looking out for me," Richard Koenigsfeld of Marble Rock said Monday as he claimed the top prize of $1 million in the "Lifetime Riches" instant-scratch game at Iowa Lottery headquarters in Des Moines.

Koenigsfeld said he hopes the big win shows that his luck is turning after a heartbreaking few months. In November, his youngest son died in a construction accident and in March, his wife, Dian, died of cancer.

Koenigsfeld, 58, a delivery driver for Farmers Cooperative in Marble Rock, said that on April 18, which would have been his wife's birthday, he planted her favorite flowers in the yard. And then, wanting to get out of the house, he called a friend who went with him to the casino in Northwood. He finished the night up a few hundred dollars and then decided to buy a $20 lottery ticket.

"I ordinarily probably wouldn't have spent that much. But since I had won $325 on Sunday, I thought, 'Well, I'd just as well go down there and spend a little money at the Stop-N-Shop,'" he said. "I said, 'I know you don't like me gambling, Ma, but I did OK!'"

Koenigsfeld bought his winning ticket at the Stop-N-Shop, 201 Bradford St. in Marble Rock.

Lifetime Riches is a $20 scratch game. When players match any of "your numbers" to any "winning number" in the play area on each ticket, they win the prize shown for that play area. If they find a "star" symbol, they win the prize shown instantly, and if they find the "5X" symbol, they win five times the prize shown for that symbol.

Koenigsfeld claimed the first top prize of $1 million in Lifetime Riches, leaving seven $1 million prizes still up for grabs in the game. Players who win the top prize have the option of receiving it in annuitized payments over time or as a one-time, lump-sum payment.

Winners who choose to the annuity option will receive $40,000 per year for a period of 25 years. If the winner chooses to receive the lump-sum payment, he/she will receive $650,000 before taxes. Koenigsfeld chose to receive his prize as a lump-sum payment.

Koenigsfeld said that his children each will receive some of his winnings and he'll invest much of it for retirement.

"The family, all of my kids, will be the recipient for some of this," he said. "They're first. I want to look out for them first. As far as myself, I haven't really thought of what I'll do with too much of it. I'll invest a lot of it."

Top Prize: $1 million  
Chosen to receive as: $650,000  lump-sum payment
Federal withholding: $162,500  (25 percent)
State withholding: $32,500  (5 percent)
Net amount: $455,000