Single Ticket in Illinois Wins $1.28 Billion Mega Millions Jackpot

 

The winning ticket for Friday’s $1.28 billion Mega Millions jackpot was sold in Illinois, according to the lottery’s website.

The $2 winning ticket matched all five winning numbers and the Mega Ball — 67, 45, 57, 36, 13, and 14 — in the drawing to win the lottery’s second-largest jackpot since its inception in 1996.

It was not immediately known who the winner or winners were or where in Illinois the winning ticket was purchased. Additionally, Mega Millions claimed many winners of lesser prizes in more than a dozen other states.

The probability of winning the prize was one in 303 million.

If chance, destiny, or prayer makes you a winner, you will need to make important life choices, such as whether to accept the lump amount or yearly installments. Can I maintain my anonymity? Do I need an attorney? What should I do with all of this cash?

Before proceeding, it is important to realize that millions of Americans suffer from a gambling addiction. The National Council on Problem Gambling maintains a 24-hour helpline, which may be reached by dialing 1-800-522-4700.

Who may purchase a ticket?

Since a winning ticket was sold on April 15 in Tennessee, no one has won the jackpot in any of the draws conducted every Tuesday and Friday. No one has matched the five numbers and Mega Ball to date. This led to the current $1.28 billion moment.

Participating in the Mega Millions lottery are 45 states, as well as the District of Columbia and the Virgin Islands. Nevada, Utah, Alabama, Alaska, and Hawaii do not, although people may still buy tickets elsewhere and travel to claim their win. Tickets are available for purchase at petrol stations and convenience shops. Some individuals purchase only one. Others purchase in larger quantities and in groups. Additionally, they are accessible online in several states.

On Tuesday, executives at Raising Cane’s, a chain of chicken wing restaurants in the United States, bought one ticket for each of their 50,000 workers for the $830 million drawing. The petrol station required eight hours to produce the tickets, but the corporation did not give up and attempted again before Friday’s lottery.

Co-chief executive officer AJ Kumaran said in an interview with LiveNOW from FOX on Thursday, “We are tripling down.” What’s additional two dollars each individual?

What occurred in prior large drawings?

On Tuesday, nine individuals came close to winning the Mega Millions jackpot by matching the first five white balls drawn from 1 to 70. The golden Mega Ball evaded their grasp.

The last time a Mega Millions jackpot over $1 billion was on January 22, 2021, when a winning ticket sold in Michigan yielded $1,050.000.000.

Friday’s drawing was the second-largest for this lottery, although the rival multistate Powerball lottery had a world-record jackpot of $1.586 billion in January 2016, which was split between winners in California, Florida, and Tennessee.

The Mega Millions record jackpot of $1.537 billion was won by a single ticket bought in South Carolina on October 23, 2018. Its winner is now unknown.

Can a winner remain unidentified?

Each state that participates in Mega Millions is responsible for managing the lottery operations within its borders, including sales, merchants, taxes owing, and other financial obligations. The regulations vary across states, including whether the identities of winners must be disclosed.

According to Marie Kilbane of the Ohio Lottery, this includes whether a winner owes child support. “Internally, we do verify who this individual is,” she added. “With all our wins.”

Ohio is one of at least seven states that enable winners to conceal their identity if they fear fraud or becoming targets of crime. In addition, Delaware, Maryland, Kansas, North Dakota, and South Carolina are included. She said that states let winners to stay nameless or collect in the name of a trust under certain circumstances.

A winner of $1 million or more in Texas may stay nameless. In Arizona, recipients of prizes for $100,000 or more have the option to remain anonymous, although their city and county of residency are not kept secret. The names of winners are part of the public record in California. Certain states, including as Michigan, prohibit trusts for multistate lotteries such as Mega Millions and Powerball.

Not all lottery winners are expected to appear at a press conference grinning broadly while clutching a phony cheque for an enormous sum of money. Under Wisconsin’s open records legislation, the lottery will disclose the winner’s name and city upon request. Other information, including interviews with the media, is up to the winner.

How should the money be spent?

You have just won the second-largest jackpot in the history of Mega Millions. What now?

You don’t need our advice on boats, private islands, or luxury automobiles, but according to experts, a winner should seek assistance from a respected attorney, financial consultant, or accountant. Perform research beforehand.

Tax counsel is crucial. The winner on Friday might chose to receive $747.2 million in a single amount or $1.28 billion payable in yearly installments over 30 years. The federal government will deduct 24% of your income, and you may also owe state taxes. Either option would propel you into the highest federal income tax band, which is now 37 percent and is expected to climb in the future, as stated by Kiplinger in their guidance for lotto hopefuls.

Before employing a fiduciary or other financial advisors, the Consumer Financial Protection Bureau advises investigating the advisers’ backgrounds by requesting references, confirming the validity of their licenses, and researching their professional history. These materials are available online.

The Federal Trade Commission urges customers to contact a lawyer who specializes in a field pertinent to their requirements, such as tax, trusts, or estates in the case of lottery winners, and to seek referrals from family, friends, coworkers, and members of the community. It is recommended to verify with state and local bar organizations before hiring an attorney.

In 2019, the winner of the record jackpot in South Carolina employed Jason Kurland, who billed himself as a “lottery lawyer.” On Tuesday, a New York jury found him guilty of a plan to swindle lottery winners that resulted in losses of more than $100 million, according to prosecutors.

You should also be prepared for the potential that long-lost relatives and college roommates could unexpectedly visit you or appear in your social media mentions.

On its Facebook page on Friday, the Virginia Lottery published a letter from a guy who said, “Before I win this $1 billion in the Mega Millions, I already know all of my relatives.”

“Today, exchange helpful words with all your friends,” the state lottery said.