On January 22nd, 2020, an anonymous individual in Michigan won the Mega Millions lottery jackpot of $2 billion. The jackpot was split between one winning ticket holder and two $1 billion winners—one in Michigan and one in Illinois.
The winner of the Michigan ticket opted to remain anonymous and chose to receive their winnings in a lump sum of $1,051,770,670 as opposed to taking the jackpot in 30 annual payments. It is unknown who the winner is, but it has been speculated that it may be a multi-state lottery pool that purchased the tickets.
Who won the $2 billion jackpot?
On January 13, 2020, the winner of the $2 billion Mega Millions jackpot was finally revealed to the public. The winning ticket was purchased at a convenience store in Simpsonville, South Carolina. The winner has chosen to remain anonymous and was represented by a lawyer from the law firm of Hilton and Hyland in Los Angeles, California.
The winner will receive their winnings in the form of a lump sum of approximately $1. 5 billion after taxes. Although they have chosen to remain anonymous, they did reveal that they intend to donate much of the money to charity and will use it to help their family, friends, and community.
Did the $2 billion winner come forward?
Yes, the $2 billion winner of the Mega Millions lottery came forward shortly after the drawing. On December 26, 2018, 24-year-old Shane Missler of Port Richey, Florida claimed the prize – the fourth largest lottery jackpot in U.
S. history. Missler purchased the winning ticket in a 7-Eleven store with five other coworkers, using money he’d recently won on a scratch-off game. His winnings, before taxes, are approximately $ 1.
18 billion – the cash option for the Mega Millions lottery. He is the first Mega Millions jackpot winner from Florida in over a decade. Since his win, he has been living a low-key life, updating his family and friends mostly via text messages.
He has found a financial adviser and created The Missler Foundation to support charitable causes and invest in local community projects. He has also set up a trust to ensure his long-term financial security.
Where was the $1 billion dollar Mega Millions won?
The $1 billion dollar Mega Millions was won by a single person on January 22nd, 2021 in Michigan. The winning ticket was sold at a Kroger store located on East David Street in Woodhaven, Michigan. It was the third-largest lottery jackpot in US history.
The winner chose to remain anonymous and opted to receive the one-time cash payout of approximately $739. 6 million, instead of the annuity payments. It was the largest single-ticket win in the game’s history.
The other two winning tickets were sold in Maryland and Illinois and each claimed cash payouts of almost $296 million.
Did anybody win tonight’s Mega Million?
No, there was no jackpot winner for the February 10, 2021 Mega Millions drawing. Five ticket holders added $1 million apiece to their winnings by matching all five white numbers, missing only the Mega Ball.
The results of the February 10 drawing were 20, 21, 31, 43, 52, and Mega Ball 13. The $970 million Mega Millions jackpot will continue to climb and will be up for grabs in the next drawing on Tuesday, February 16, with an estimated grand prize of $1 billion.
Who won Mega Millions 1.3 billion?
The Mega Millions 1. 3 billion dollar lottery took place on October 23, 2018. Three lucky winners split the grand prize of 1. 3 billion, which makes it the largest prize ever awarded to lottery winners in North America.
The lucky ticketholders have not been identified, but the winning tickets were purchased in South Carolina, Texas and California, according to lottery officials. The winners have 180 days from the drawing date to claim their prize.
Each winner will get to take home $428 million before taxes, which is the single highest pre-tax payout for a single winner in history. The three winning tickets were the only ones to match all six numbers in the drawing, which were 5, 28, 62, 65, 70, and the Mega Ball number 5.
How much did the winner of the 1.28 billion get paid?
The winner of the 1. 28 billion dollar prize, won by the Powerball jackpot of January 13th, 2016, would have received a payment of $327. 8 million before taxes. The exact figure is calculated by reducing the prize by the inverse of the federal tax rate (25 percent) or $273.
9 million and then taking into account the local taxes, which in this case, amounted to $53. 9 million. This means that the winner would receive a single lump sum of $327. 8 million, which they would need to use to cover their taxes and other expenses.
What’s the largest unclaimed lottery jackpot?
The current largest unclaimed lottery jackpot is from the Michigan Classic Lotto 47 game. The grand prize has grown from it’s original jackpot of $ 1 million to a whopping $ 55. 3 million for the drawing held on December 10, 2020.
The winning numbers for this game were 02-04-05-20-24-39 and the bonus ball was 41.
Unfortunately, nobody has come forward to claim the grand prize yet. To win the jackpot, a ticket must match all six of the white balls in the exact order that they were drawn. However, lower-tier prizes are still available for those who match fewer balls.
The odds of winning the Michigan Classic Lotto 47 game are 1 in 10. 9 million, making it one of the most difficult and sought-after lotteries in the US.
The longest unclaimed lottery jackpot was the Powerball game that ended on December 18, 2019. That jackpot was worth an incredible $247.6 million but was unclaimed for a whopping six months!
If you think you might have the winning ticket, don’t wait – act fast! The state lottery officials recommend that ticket holders immediately sign the back of their tickets in ink and store them in a secure place.
That way, you won’t miss out on the winning grand prize.
Is it better to take lump sum or payments?
Whether it is better to take a lump sum or payments depends on your individual needs and financial situation. If you take a lump sum, you receive the full amount upfront, giving you control over how the funds are used.
This is often a good option if there are immediate expenses that need to be paid off and you have a plan to invest the remaining funds. However, it requires discipline to ensure that the money is invested properly and this isn’t an option for everyone.
Taking payments may be a better option if you don’t have a plan to use the money responsibly or if you need a steady stream of income. This way, you don’t need to worry about investing the money properly and you will have the comfort of knowing that there will be funds coming in each month.
However, if inflation or taxes increase during the life of the agreement, the value of the payments may decrease significantly.
Overall, deciding whether to take a lump sum or payments depends on your individual circumstances and goals. It is important to consider all of the options and weigh the pros and cons to determine what works best for you and your situation.
How do I give money to my family after winning the lottery?
If you’ve won the lottery and want to give money to your family, there are a few things to consider. First, make sure you understand the tax consequences of giving money, as you may be liable for gift taxes.
You should also consider the tax situations of the family members you’re gifting to and make sure the money is given in the most advantageous way. There are also other tax implications you should research before gifting.
Be aware that gifts to immediate family members are generally exempt from the Internal Revenue Service’s gift tax regulation, but be aware that if you gift large sums to those who aren’t immediate family, it could cost you and the receiver a fee.
You’ll also need to consider whether the gift is a one-off or whether you’d like to set up a trust, which can be established and maintained by an accountant, lawyer, or other financial planner.
When gifting money to your family, it’s also important to consider the effect it could have on your family members. Before giving a large sum, think about what it might mean to the recipient and their lifestyle.
You may want to consider speaking to your family members one-on-one and making sure they’re ready to handle such a significant financial change.
Overall, giving away money after winning the lottery is a great way to continue to feel the good outcomes from your win. However, take the time to understand the tax implications and potential family dynamics when gifting money to ensure everyone remains on good terms.
How much do you get if you take the lump sum on Mega Millions?
If you decide to take the lump sum payout on Mega Millions, you would get approximately half of the jackpot amount. For example, if the jackpot was $200 million, you would get roughly $100 million after taxes.
However, there is another factor to consider when it comes to taking the lump sum payout: the current interest rate environment. A lower interest rate means a lower lump sum payout due to the reduced present value of future payments.
So, if the current interest rate was low at the time of the Lottery draw, your lump sum payout might be significantly less than half of the jackpot amount. It’s important to factor in these kinds of things when considering whether to take the lump sum or annuity payments.
What are the payouts for Mega Millions?
The payouts for Mega Millions vary depending on the jackpot amount and whether a winner has matched all five numbers plus the Mega Ball. Once the jackpot amount has been determined, the estimated jackpot prize is announced.
If the jackpot amount is below $150 million, the cash option is available, allowing winners to take a one-time lump-sum payment.
If the jackpot is won, the winner will have the option of either an annuity prize or a cash option. The annuity option consists of 30 payments over 29 years and grows 5 percent each year. The cash option is a lump sum payment that is equal to all the cash in the Mega Millions jackpot prize pool.
In addition to the jackpot, there are eight other prize levels in Mega Millions. For example, matching the five white balls without the Mega Ball gives players a $1 million prize, while matching four white balls plus the Mega Ball gives players a $10,000 prize.
Players who match one white ball plus the Mega Ball can win a minimum of $2.