Brought to you by WBIW News and Network Indiana
Last updated on Friday, April 26, 2013
(INDIANAPOLIS) - Striking out on your own in business, or in life, can be a daunting endeavor.
For two brothers, striking out on their own got a lot less scary when they claimed a $150,000 Hoosier Lottery scratch-off prize.
The timing couldn't be better for Jason Herod of Bedford and his younger brother Brian Herod, a Ball State University student and Muncie resident.
26-year-old Jason Herod just started his own lawn care business two months ago. While he says he enjoys working for himself, he knows the buck starts and stops with him and him alone.
23-year-old Brian Herod is on the tail end of a long five years of college. He is currently finishing up his student teaching. He graduates from Ball State University next week with a degree in secondary education, a mountain of student loan debt and no job lined up.
Jason Herod purchased the winning Scratch-off at Jackson Mini Mart at 3016 Mitchell Road in Bedford. Despite the name of the ticket, Winner Take All, Herod opted to split his winnings 50/50 with his younger brother.
"It's a pretty nice graduation gift," said Brian Herod, who worked his way through college at Cracker Barrel and Lowe's. "It hasn't sunk in yet. As soon as it's in my account I'll believe it. When I see the check I'll be doing a little dance."
As for his half of the windfall, Jason Herod plans to use the extra cash to give his new business a boost.
"It feels good," said Jason Herod. "It'll help get things going. I'll probably be too busy to spend it."
The mission of the Hoosier Lottery is to maximize net income for the state in a socially-responsible manner. In fiscal year 2012, the Hoosier Lottery generated $211 million in surplus revenue which was used to significantly reduce the motor vehicle excise tax for all Hoosier drivers and also supported the pension funds for retired Indiana teachers, police and firefighters. Player prizes for the fiscal year totaled $533 million and $60 million was earned by Indiana retailers on the sale of Hoosier Lottery products.
Since its inception in 1989, the Hoosier Lottery has produced more than $4.2 billion for the citizens of Indiana, $1 billion in commissions and bonuses for participating Indiana retailers, and has paid out more than $8.9 billion in player prizes.
The Hoosier Lottery reminds all players to play responsibly. Must be 18 or older to play. Gambling Addiction Referral Line: 800-994-8448.
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