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Jackpot Squad Mega Millions Sign Up Sheet New Jersey – Detroit Mega Millions jackpot on Friday, July 29, 2022. The jackpot for the Mega Millions lottery continues to grow as officials on Friday increased the jackpot to $1.28 billion just hours before the next draw.(AP Photo/Paul) Sansia)
CHICAGO (AP) – A ticket purchased in suburban Chicago beats the odds of winning the $1,337 billion Mega Millions jackpot.
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According to megamillions.com, there was one ticket that won the jackpot in Friday night’s draw, and it was purchased at the Speedway gas station and convenience store in Des Plaines.
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“We are thrilled to witness one of the largest jackpot wins in Mega Millions history,” Ohio Lottery Director Pat MacDonald, current president of the Mega Millions consortium, said in a statement on the lottery website. “We can’t wait to find out who won and we’ll be congratulating the winners soon!”
The jackpot is the third lottery prize in the country. That’s huge because nothing has matched the six game picks since April 15. It was 29 consecutive draws without a jackpot winner.
Lottery officials estimated the prize at $1.28 billion, but on Saturday revised that figure to $1.337 billion.
The overall prize is for the winner who chooses the annuity option, paid annually for 29 years. Most of the winners opted for the cash option, with Friday’s draw totaling around $780.5 million.
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According to the Illinois Lottery, the store selling tickets was also a big winner; he got half a million dollars selling tickets. A Speedway store employee who answered the phone but declined to be named said the store had not been officially informed of the sale of lottery tickets and learned about it from reporters seeking comment.
Mega Millions is played in 45 states, plus Washington, DC, and the US Virgin Islands. The game is coordinated by the state lottery.
Illinois is one of the states where winners over $250,000 can choose not to release their names, and Illinois Lottery spokeswoman Emilia Mazur said most winners did.
Even lottery officials may not know who won for a while because winners don’t have to come straight to the front. A group of people may have bought a winning ticket.
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“We won’t know if it’s an individual or pool lottery until winners come forward to claim their prize,” said National Mega Millions spokeswoman Danielle Frizzi-Bubb.
Wells Fargo Wealth & Investment Management’s director of advisory and planning, Emily Irwin, said Friday that the winner wanted to save his reputation, and everyone knew the winner couldn’t afford it.
“This isn’t the time to call everyone you know and say, ‘Hey, I have a big secret.’ Can it be saved?” said Irwin.
“There are scammers and other people who follow big winners,” he said, admitting that sudden wealth poses a physical threat to lottery winners.
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All the winner has to do right away is sign the ticket. Because if the ticket isn’t signed, it’s not yours. If the winner loses an unsigned ticket and someone else finds and signs it, the ticket is now his.
“Take the Polaroid that’s holding it and put it in a safe or some other safe,” he said.
Pratik Patel, head of family wealth strategy at BMO’s family office in Chicago, said winners should work with financial planners to determine their future.
“I’m going to do a Monte Carlo market simulation,” said Patel, analyzing the possible annual returns of winners and returns on various investments. “What you’re doing is using analytics to inform your spending.”
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“I suggest you do it before you even set foot in the lottery office,” he says.
An expert who has worked with former lottery winners says that if lottery officials allow it, winners should refrain from visiting lottery offices and instead send lawyers or financial advisers to protect their anonymity.
“There will be people who will do whatever it takes to determine who wins,” said Kim Kamin, a 17-year trust and estate attorney who now teaches estate planning at Northwestern University Law School. “Many eyes will be watching.”
And there was a question that nobody wanted to answer at the time: What happens to your money when you die?
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Irwin says don’t leave it unanswered; You must act to ensure that most of the inheritance goes to your beneficiaries and not to the government.
“You need a manager who specializes in this and understands this world,” Patel said. “Someone who makes $60,000 a year may need a certain type of professional manager, and they may want to switch to someone who makes a lot of wealth.”
“You can totally like it, but let’s be smart,” said Patel. “It’s a lot of money, but there are still limits until you know what you can afford.”
“You may be interested in owning your favorite basketball team,” he warns, “but if it’s going to cost you all your money, it’s probably not a good idea.” The Coastal Flood Warning and Statement applies to 6 regions. region View full list
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FILE – In this July 26, 2022 file photo, Gordon Midvale fills out a lottery ticket at a 7-Eleven store in Oakland, California. The Mega Millions jackpot has surpassed $1 billion, only the fourth time a lottery game has reached such heights. (AP Photo/Godofredo A. Vásquez, File) (Godofredo A. Vásquez, Copyright 2022 The Associated Press. All rights reserved)
DES MOINES, Iowa – The Mega Millions Jackpot of over $1 billion is one of the largest lottery prizes ever, making it the main focus of lotteries in the US and around the world for centuries.
Only two prizes grew from Friday night’s big jackpot. Other lotteries around the world offer smaller payouts, but are in other ways more integrated into life in their home country.
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“There are lotteries around the world,” said Bill Coley, president of the University of Miami Institute for Responsible Gaming, Lottery, and Sports. “It’s a mathematical mystique. You can charge a nominal fee and potentially create a billion dollar revenue stream for a single individual. That’s very exciting.”
The US Lottery originally mirrored similar games in Europe and was founded in 1776 to help finance the Revolutionary War.
The lottery remains popular in Europe. The Eurojackpot paid 120 million euros ($121.9 million) to someone in Denmark last week, and a player in England recently won a 230 million euro ($233.6 million) Euromillions prize.
Secretary General of the European Lottery Association, Arjan van’t Veer, noted that there are also many national lotteries.
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While it doesn’t last until December 22, a major advertising campaign begins on July 5. These acts always include promotional videos, like this summer’s video where the know-it-all is revealed because he or she doesn’t know anything. I don’t know where the tickets were sold.
US Mega Millions and Powerball can offer bigger individual prizes, but El Gordo’s €2.4 billion ($2.4 billion) is the biggest game for total prizes. About 70% of the lottery proceeds go to prizes, and the rest goes to the government.
The main prize is 4 million euros ($4 million). But the standard ticket that people buy is a “decimo” of 20 euros, or one-tenth of a full ticket, so the person with the winning number in their decimo gets 400,000 euros ($406,340), or about 330,000. Euros ($335,268) after tax.
Spain founded the National Lottery in 1763 as a charity during the reign of King Carlos III. Despite wars and other political and economic crises, lotteries never stop.
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Buying and sharing decimos – especially on Christmas Eve – is a tradition among family, friends, colleagues, bars and sports and social clubs. Even in the cold and rainy weather, people lined up near the lottery offices, especially those that had previously sold winning tickets.
After the winning numbers were announced, celebrations took place on the street and on TVs in bars, with people dancing and singing with uncapped bottles of sparkling wine.
There are also many big lotteries in Asia, such as the Japanese Jumbo Lottery, Lotto 6 and Lotto 7 Japan, and Ultra Lotto Philippines.
David Schwartz, a professor and gaming historian at the University of Nevada, Las Vegas, notes that lotteries have a long history around the world, in part because they are easy to play and offer rare but high potential wins.
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“The driving force behind lotteries is that tickets are cheap, but you have a chance to win big, big.”
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