ANNAPOLIS, Md. (AP) -- A Colorado woman has won a 4,400-square-foot house in Edgewater, Md., after buying a $50 raffle ticket.
The drawing was held Friday and Karen McHale, of Idaho Springs held the lucky ticket. More than 23,000 tickets were sold around the world.
About $100,000 of the $1.2 million brought in by the raffle will go to a local charity. The rest will cover the owners' loans.
But Tom Walters says he and his wife will still take a bit of a loss since they bought the house in 2006 for $425,000 and spent $750,000 to fix it up.
McHale isn't sure yet whether she'll try to sell or rent the house. She says one factor in the decision is an expected $200,000 to $300,000 tax bill since the raffle could be considered gambling.
