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US lottery participant wins jackpot value over $1.8b, Latest World News

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WASHINGTON (AFP) – A fortunate lottery participant in America has gained a Mega Millions jackpot value greater than US$1.3 billion (S$1.8 billion), one of many highest prizes ever, a lottery official confirmed on Saturday (July 30).

The official Mega Millions web site mentioned a single ticket holder within the Midwestern state of Illinois had the six magic numbers and gained a jackpot estimated at US$1.337 billion.

“We are thrilled to have witnessed one of the biggest jackpot wins in Mega Millions history,” Mr Pat McDonald, lead director of the Mega Millions Consortium, mentioned on the group’s web site.

“We’re eager to find out who won and look forward to congratulating the winner soon!”

It has additionally been reported that the winner can select to stay nameless.

The grand prize had been steadily rising, fuelling the desires of would-be winners throughout the nation, for greater than three months.

The prize had gone unclaimed in 29 earlier attracts.

The odds of successful the Mega Millions jackpot are one in 303 million – a lot larger than the one-in-a-million likelihood of being struck by lightning, based on US authorities information.

Friday’s whole falls in need of the world file of US$1.586 billion, set in January 2016 by America’s different nationwide lotto, the Powerball, although that sum was cut up amongst three winners.

The second-highest prize ever – and the best gained by a single individual – was in an October 2018 Mega Millions draw for US$1.5 billion.

The US$1.337 billion determine for Friday’s draw represents the overall quantity a winner can be entitled to if he accepted the prize cut up up over a 30-year annuity.

If the fortunate individual determined as an alternative to take the winnings as a one-time money cost, the overall quantity would lower to US$780.5 million, Mega Millions estimates.

Taxes would then gobble up a major chunk, whereas nonetheless leaving an unimaginably massive pot for the winner.

Financial planner Robert Pagliarini additionally recommends that large winners “step outside the craziness of the situation for a moment”, and assume exhausting about what components of their life they “don’t want to change”.


US lottery participant wins jackpot value over $1.8b, Latest World News.
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