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San Fernando Valley Man Wins O.C. Home Raffle

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San Fernando Valley Man Wins O.C. Home Raffle

DANA POINT, Calif. (CBS) ― A San Fernando Valley man, who bought a $150 raffle ticket to benefit Dana Point's Ocean Institute, will have to decide whether he wants a $1 million cash prize or a Laguna Beach home.

Eric Gage of Valley Village was the grand prize winner of 5th annual fundraiser, the Orange County Register reported.

Other prize winners got to choose between a vacation or $10,000 in cash; art by Wyland or $5,000 in cash; and a new Toyota Prius or $15,000 in cash.

In 2008, the popular raffle brought in more than $3 million for the nonprofit organization. The limited number of tickets, 22,000, have sold out for the past two years.

Organizers told the O.C. Register that more than 15,000 tickets were sold this year.

(© 2008 CBS Broadcasting Inc. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. Wire services contributed to this report.)

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