Raffle Winner Sells $1.2 Million House at Discount

A Colorado woman bought two $50 tickets at a Washington D.C. charity raffle and won a $1.2 million house in January. After that, she lost her job and wanted to sell the house before Dec 31, because she had a $300k tax bill due and was paying $600-800 per month for insurance/utilities. She finally sold it to a church for $650k (part of the deal was that she donated back $200k, so she actually got $200k in deductions and $450k in cash). After all that, she ended up making $200k after taxes.  Clearing $200,000 on a $1.2 million prize sounds disappointing, but really she ended up making $200k off $100 in raffle tickets.