Tickets purchased in Illinois win the $1.28 billion Mega Millions jackpot

Chicago (AP)

Someone from the Chicago suburbs beat the odds and won the $1.28 billion Mega Millions Jackpot.

According to megamillions.com, there was one jackpot-winning ticket in Friday night’s draw, which was purchased at a Speedway gas station and a Des Plaines convenience store.

Winning Number: 13-36-45-57-67, Mega Ball: 14.

“One of the biggest jackpot wins in the history of Mega Millions,” said Ohio Lottery Director Pat McDonald, the current lead director of the Mega Millions Consortium, in a statement posted on the lottery website. “We’re excited to see who won and look forward to congratulating the winners soon!”

The jackpot was the third largest lottery prize in the country. After April 15th, the number became very large as no one had matched his six numbers chosen in the game. This makes him 29 consecutive draws without a jackpot winner.

A prize of $1.28 billion will be awarded to the winner who chooses an annuity option paid annually over 29 years. Most winners opted for the cash option, with an estimated $747.2 million in Friday night’s draw.

The odds of winning the jackpot are 1 in 302.5 million.

The store that sold the tickets is also a sizable winner, according to the Illinois Lottery. He gets $500,000 just for selling tickets. A clerk at the Speedway store, who answered the phone but declined to be named, said the store had not been formally notified that it had sold the winning tickets and learned about it from a reporter seeking comment.

Mega Millions is played in 45 states, as well as Washington DC and the US Virgin Islands. The game is coordinated by state lotteries.

Illinois is one of the states where winners of $250,000 or more can choose not to be named, and Emilia Mazur, a spokeswoman for Camelot, Illinois, said the vast majority of winners do. I was.

Even lottery officials may not know who won for the time being, as winners do not have to come forward immediately. And the winning ticket may have been purchased by multiple groups.

National Mega Millions spokesperson Daniel Frizibabu said: “Until the winner claims the prize, we won’t know if it’s an individual or a lottery pool.

Emily Irwin, managing director of Wells Fargo’s Wealth and Investment Management, Advice and Planning, said Friday that the winner will consider keeping a low profile and that everyone knows the winner can’t afford it. He said people should refrain from spending that raises eyebrows in the know.

“Now is not the time to start calling everyone you know and saying, ‘Hey, I have a big secret.’ Can you keep it up?” said Irwin.

This is necessary to avoid a flood of requests for money.

“There are scammers and others who go after big winners,” she said, admitting that sudden wealth can put lottery winners in physical danger.

“Privacy equals security,” she said.

One thing the winner must do immediately is sign the ticket. This is because if a ticket isn’t signed, it doesn’t really belong to you. Become.

Irwin suggests going one step further to survive the legal battle over ownership.

“Take your Polaroid and[put it]in a safe deposit box or another safe place,” she said.

Pratik Patel, head of family wealth strategies at the BMO Family Office in Chicago, said winners should work with their financial planners to plan for the future.

“I would run a Monte Carlo market simulation,” Patel said, explaining that it analyzed the winner’s annual income and income from various investments. “What you do is use analytics to inform your spending.”

Frizzi-Babb also thinks talking to a financial planner is a good idea.

“I recommend doing that before you even step foot in the lottery counter,” said a national lottery spokesperson.

There are also questions that no one wants answered at that particular point. What happens to your money when you die?

Irwin said please don’t leave this unanswered. Action must be taken to ensure that the majority of your wealth goes to beneficiaries and not the government.

“We need managers who specialize in this and understand this world,” said Patel. “People making $60,000 a year may need a certain type of professional manager, and they may want to switch to the ultra-rich.”

Whatever the winner does, it’s important to do it slowly.

“You can absolutely indulge, but be smart about it,” Patel said.

For example, consider chartering a private jet before you jump in and buy.

“You might be interested in owning your favorite basketball team, but if it eats up all your money, it might not be a good idea,” he warned.

Tickets purchased in Illinois win the $1.28 billion Mega Millions jackpot

Source link Tickets purchased in Illinois win the $1.28 billion Mega Millions jackpot

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