{"id":162220,"date":"2021-01-23T11:51:18","date_gmt":"2021-01-23T19:51:18","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=162220"},"modified":"2021-01-23T14:01:15","modified_gmt":"2021-01-23T22:01:15","slug":"winning-1-billion-mega-millions-ticket-purchased-in-michigan","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/winning-1-billion-mega-millions-ticket-purchased-in-michigan\/","title":{"rendered":"Winning $1 Billion Mega Millions Ticket Purchased in Michigan"},"content":{"rendered":"

After more than four months of building, the Mega Millions jackpot finally went out Friday night. The multi-state lottery announced a couple hours after its 11 pm ET drawing that one ticket won the $1 billion prize.<\/p>\n

\"Mega
Mega Millions announcer John Crow prepares to announce the winning numbers for Friday’s $1 billion drawing. One ticket, purchased at a Kroger in suburban Detroit, matched the five numbers and the Mega ball. (Image: Mega Millions\/YouTube)<\/figcaption><\/figure>\n

The winning ticket was sold at a Kroger supermarket in Novi, Mich., a Detroit suburb, according to the Michigan Lottery. Its holder can choose between taking annual installments over a 29-year period or a cash option of $739 million.<\/p>\n

After taxes, that would work out to about $530 million.<\/p>\n

The $1 billion jackpot was the third-richest lottery prize in US history, and second-biggest for Mega Millions. The largest was a $1.54 billion prize won on Oct. 23, 2018.<\/p>\n

The winning numbers were 4-26-42-50-60, and the Mega Ball was 24.<\/p>\n

\n

It had been 37 drawings since the Mega Millions<\/a> top prize was last claimed, the longest drought in the game\u2019s history.<\/p>\n<\/div>\n

Initially forecast for $970 million, the Mega Millions jackpot hit the 10-figure mark thanks in large part to a $731 million Powerball prize<\/a> going out on Wednesday.<\/p>\n

Cash Value Versus Annuity<\/h2>\n

In most cases, when lottery jackpots reach astronomical figures, winners choose the cash option. While its millions less, it provides the winner with certainty.<\/p>\n

As Mike Savage, CEO of 1-800Accountant, notes, the government taxes money upon receipt.<\/p>\n

Right now, federal income taxes are low from a historical standpoint \u2014 and it\u2019s impossible to know where they may be years from now,\u201d Savage said. \u201cThis means that from a tax perspective, it could cost you more to take the annuity because tax rates are more likely to increase down the road than decrease.\u201d<\/p><\/blockquote>\n

However, annuity expert Stan Haithcock contended at thebalance.com<\/em> that the annual payment option offers a variety of protections for winners.<\/p>\n

First, the annual payment is guaranteed income, and the smaller checks can help people better manage their money and reduce impulsive decisions.<\/p>\n

According to information from Mega Millions, a $1 billion winner taking the annuity would receive $15 million this year. Each subsequent payment would be 5 percent bigger. So, the final payment in 2050 would be roughly $61.7 million.<\/p>\n

Ten Win At Least $1 Million<\/h2>\n

Besides the jackpot, Mega Millions also awarded 10 $1 million prizes for people who matched the first five numbers. Two of those tickets will get $2 million, as they included the optional Megaplier in their purchase.<\/p>\n

Of those 10 tickets, two were purchased in New York and two in Florida. The remainder were bought in Maryland, Missouri, New Jersey, and Pennsylvania, with the $2 million prizes going to tickets in North Carolina and Virginia.<\/p>\n

Since the jackpot last went out on Sept. 15, 70 prizes worth $1 million or more were won.<\/p>\n

In addition, Friday\u2019s drawing also made 187 players at least $10,000 richer by matching four of the five numbers, as well as the Mega Ball. That included 31 winners who played the Megaplier and won $20,000.<\/p>\n

The Mega Millions jackpot now reverts back to $20 million, or $14.7 million cash option, for the next drawing on Tuesday.<\/p>\n","protected":false},"excerpt":{"rendered":"

After more than four months of building, the Mega Millions jackpot finally went out Friday night. The multi-state lottery announced a couple hours after its 11 pm ET drawing that one ticket won the $1 billion prize. The winning ticket was sold at a Kroger supermarket in Novi, Mich., a Detroit suburb, according to the […]<\/p>\n","protected":false},"author":45,"featured_media":162221,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,13699],"tags":[],"acf":[],"yoast_head":"\nWinning $1 Billion Mega Millions Ticket Purchased in Michigan<\/title>\n<meta name=\"description\" content=\"It had been 37 drawings since the Mega Millions top prize was last claimed, the longest drought in the multi-state lottery game's history.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.casino.org\/news\/winning-1-billion-mega-millions-ticket-purchased-in-michigan\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Winning $1 Billion Mega Millions Ticket Purchased in Michigan\" \/>\n<meta property=\"og:description\" content=\"It had been 37 drawings since the Mega Millions top prize was last claimed, the longest drought in the multi-state lottery game's history.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/winning-1-billion-mega-millions-ticket-purchased-in-michigan\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-23T19:51:18+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-01-23T22:01:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/01\/Screenshot-01-23-2021-13.37.15.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1060\" \/>\n\t<meta property=\"og:image:height\" content=\"500\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Steve Bittenbender\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Steve Bittenbender\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/winning-1-billion-mega-millions-ticket-purchased-in-michigan\/\",\"url\":\"https:\/\/www.casino.org\/news\/winning-1-billion-mega-millions-ticket-purchased-in-michigan\/\",\"name\":\"Winning $1 Billion Mega Millions Ticket Purchased in Michigan\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/winning-1-billion-mega-millions-ticket-purchased-in-michigan\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/winning-1-billion-mega-millions-ticket-purchased-in-michigan\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/01\/Screenshot-01-23-2021-13.37.15.png\",\"datePublished\":\"2021-01-23T19:51:18+00:00\",\"dateModified\":\"2021-01-23T22:01:15+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/eb30e765d812fc9b38b333f8d13068b2\"},\"description\":\"It had been 37 drawings since the Mega Millions top prize was last claimed, the longest drought in the multi-state lottery game's history.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/winning-1-billion-mega-millions-ticket-purchased-in-michigan\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/winning-1-billion-mega-millions-ticket-purchased-in-michigan\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/winning-1-billion-mega-millions-ticket-purchased-in-michigan\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/01\/Screenshot-01-23-2021-13.37.15.png\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/01\/Screenshot-01-23-2021-13.37.15.png\",\"width\":1060,\"height\":500,\"caption\":\"Mega Millions announcer John Crow prepares to announce the winning numbers for Friday's $1 billion drawing. 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