Iowa’s latest jackpot winner didn’t need to follow the lottery’s advice of consulting a financial planner before claiming his big prize.
That’s because he is a financial planner.
Larry Dawson, 58, of Webster City, traveled to lottery headquarters in Des Moines with his entire immediate family to collect the cash.
“I work with money, so it’s kind of fun to look at the options and see what to do,” Dawson said as he claimed his prize.
“We’ve got a lot of plans. I’ve been in business for 31 years, my sons are in the business, my daughter is in the business and my other daughter is a school teacher. So, it’s kind of exciting because we can expand our business and do some of those things that we’ve kind of been putting off.”
Dawson’s jackpot win was the second in a row for Iowa, following a $16.5 million Hot Lotto jackpot that was won in December with a ticket purchased in Des Moines.
Dawson purchased his ticket at Doc’s Stop convenience store, in Webster City.
Dawson said that he and his wife started playing Hot Lotto a few months ago after reading a book that purported to have the secret winning the lottery.
His strategy was to buy 19 plays for each drawing to cover all of the Hot Ball options in the game. But he admits he was beginning to doubt the book’s advice.
“We were just getting to the point where I said, ‘You know, this just isn’t worth it. I don’t think I’m going to do this anymore,'” he said. “But we played one more time and it’s kind of nice!”
Dawson, who owns a financial-advisory agency — TransAmerica Financial Advisors, Larry Dawson and Associates – said he realized he was a big winner Sunday morning when he checked the winning numbers online at the lottery website.
Then he called the lottery’s winning numbers telephone line just to double-check the details, and after that he and his wife called their family and decided to take a family trip to Des Moines for the night.
Dawson joked that it ruined his Mother’s Day present for his wife.
“I said, ‘I did get something else, but there’s no use in showing it now,'” he said with a laugh. “Actually, it’s a spa treatment and she did like that.”