Reporting Hadas Kuznits
Filed underBusiness & Economy, Community, Heard On, Local, Montgomery County, News, Philadelphia, Syndicated Local, Watch + Listen
By Hadas Kuznits
BALA CYNWYD, Pa. (CBS) — A local graduate student is the lucky winner in an Acme Markets sweepstakes game.
Joseph Facciolo, a 26-year-old dental student at Temple University, is a winner in the Acme Summer Sizzlin’ Sweepstakes. He won at a Bala Cynwyd supermarket.
“It’s a gamepiece type game,” he explains. “You collect certain type game pieces from some of the random items that you can buy here at Acme.”
Facciolo’s prize is a thirty-year, $1 million annuity (cash value about $800,000), but says that with taxes on his prize estimated at 35 percent, plus dental school loans of over $300,000, a million dollars isn’t as much as it sounds like.
“So, after taxes, we’re gonna see where it puts me,” he says. “After (student) loans and everything, I’d like to see where I go from there. After that, I’d like to see anything I can put toward a (dental) practice. That was my ultimate goal growing up, starting a practice back home in Wilmington.”
Facciolo says he’s happy he got lucky:
“Any money, after taxes, whatever it is, it’s going to go toward an awesome cause, and that’s education.”