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One ticket sold in Maine wins $1.35 billion Mega Millions jackpotReply
They are now the richest and most taxed individual in the state of Maine. No telling whether they'll want it a for themselves or give a lot to charity, but after taxes they could end up with a bit over $400 million. Their tax bill would be higher but they'd still be about $100 million poorer than Stephen King. I didn't bother asking Google, but I think that King is the richest resident of Maine. could he/she get away from paying Maine taxes by simply moving to New Hampshire before claim
Jan 15, 2023, 2:09 am - KY Floyd - Lottery News

$1 BILLION: Powerball jackpot hits milestone for 3rd timeReply
It went from $875,000,000 to $900,000,000 The real increase was from an actual annuity of 830 to an advertised annuity of 900, which is 7/8 of the 750 to 830 increase from Wednesday to Saturday. The final tally for Monday was actually 922, which is fairly impressive considering that sales for a Monday drawing have only been bigger than sales for the previous Saturday once. The jackpot should be around $1.6 - $1.9 There is no should. The jackpot is determined by how many tickets are
Jul 18, 2023, 4:36 pm - KY Floyd - Lottery News

VIDEO: July's Weekly Roundup in lottery newsReply
It's actually the ninth-largest Powerball jackpot ever This seems to disagree: 21. Mega Millions: $347.6 million cash, Dec. 17, 2013 ($648 million annuity) - California, Georgia 22. Powerball: $341.7 million cash, Jul. 30, 2016 ($487 million annuity) - New Hampshire 23. Powerball: $340.9 million cash, Jul. 10, 2023 ($675 million annuity) - Preliminary estimate, not won yet Despite the bump, it's still smaller than 14 other PB jackpots, although I suspect the final tally will move i
Jul 10, 2023, 3:51 pm - KY Floyd - Lottery News

Major claim deadline approaching for Illinois lottery winner of $1.337 billion Mega Millions jackpotNews Story
They don't have as much time as it seems By Kate Northrop A crucial deadline for claiming the record-breaking $1.337 billion Mega Millions jackpot drawn in July is approaching for the single Illinois-based lottery winner. The lone Illinois winner of the unimaginable $1.337 billion Mega Millions jackpot is only weeks away from a major deadline that could have a huge impact on the amount of money they get to walk away with. For a prize of this magnitude, it's not unusual for the wi
Sep 12, 2022, 7:16 am - Todd - Lottery News

$1.2 BILLION: Powerball jackpot grows to 4th-largest in historyReply
I believe this will be a record-breaking Jackpot! I think it's got a very good chance of setting a record if it hasn't already. We've had 38 rollovers so far, which is at least close to a record for PB (and maybe MM). That we didn't see an increase in the advertised jackpot today makes me think it's not going to get much past 1.2 billion, and that makes me think that even with another rollover it might not set a new annuity record by Saturday. Of course that would only be a pretend reco
Nov 1, 2022, 10:13 pm - KY Floyd - Lottery News

North Carolina 18-year-old wins $1 million in lottery after asking sister to buy ticket for himReply
I think younger folks should take the annuity, even though you don't mention 20 years of tax liability. It is not always the best option. Decades ago I'd say Cash option when we had to do that @ time of purchase. Not the case @ my age. No way would I take an annuity.
May 26, 2024, 12:49 pm - Bleudog101 - Lottery News

$1.7 billion in combined jackpots, as USA multi-state lottery games peak togetherReply
Once again, they've been fortunate enough that when interest rates changed sales magically increased exactly enough for the advertised annuity to remain the same. Assuming that current cash value is realistic the annuity would have been bumped to about 991.5 if the interest rate hadn't changed. If it rolls (about an 82% chance) it goes to $1.1 billion and $525 million cash.
Mar 22, 2024, 1:12 pm - KY Floyd - Lottery News

$1.725 BILLION: Powerball jackpot now 2nd-largest of all timeReply
This is (usually) because of fluctuations in the interest rates etc when they calculate the annuity payout. For example, The current cash ratio is ~40% of jackpot. Back in the COVID period (2021-22) it hit 83%.. because interest rates were at an all-time low, so the annuity wasn't worth as much...
Oct 11, 2023, 5:19 pm - kao1632 - Lottery News

$1.4 BILLION: Powerball jackpot juggernaut keeps rollingReply
It rolled. $1.55billion Annuity, $679.8million cash.
Oct 8, 2023, 12:12 am - PrisonerSix - Lottery News

$1.55 BILLION: Biggest Mega Millions jackpot ever to be drawn TuesdayReply
I'll take the annuity.... I just want a garage with a lift, is that too much to ask?
Aug 8, 2023, 8:49 pm - MeintooL - Lottery News