Duped lottery winner gets his $5m

A New York man who handed over a $5m winning lottery ticket after being tricked into believing it was worth only $5000 is to be paid in full seven years after he was duped.

The New York Post reports that lottery officials announced they will pay out on the ticket after determining that it belonged to Robert Miles.

Mr Miles was conned out of the ticket after buying it at a store owned by Nayef Ashkar in October 2006.

The New York Post reports that Ashkar's two sons, Andy and Nayel, convinced Miles the ticket only was worth $5000 and paid him $4000 for it.

The brothers waited until 2012 to claim the prize, which prompted suspicious authorities to launch an investigation.

The pair were subsequently charged.

Andy Ashkar, 35, was sentenced to up to 25 years in prison for possessing the stolen ticket.

He and Nayel, now 37, were cleared of conspiracy charges but Andy was found guilty of possessing stolen property.

Their father admitting making a fraudulent affidavit to lottery officials.

Mr Miles realised he was the victim of a scam when lottery officials announced that the brothers had the winning ticket.

He told authorities he was on crack cocaine at the time he bought the ticket and was confused about what happened.

Under lottery laws, Mr Miles can choose between having the money as a $250,000 annuity over 20 years or taking a lump-sum payment of $3,210,000 that would yield $2,124,378 after taxes.