Ticket purchased in Illinois wins $1.337 billion Mega Millions jackpot

DES MOINES, Iowa-

A single ticket purchased in a Chicago suburb beat the odds and won a $1.337 million Mega Millions jackpot.

According to megamillions.com, there was one jackpot-winning ticket in the drawing on Friday night, and it was purchased at a Speedway gas station and convenience store in Des Plaines.

The winning numbers were: 13-36-45-57-67, Mega Ball: 14.

“We’re thrilled to have witnessed one of the biggest jackpots in Mega Millions history,” Ohio Lottery Director Pat McDonald, currently Lead Director of the Mega Millions Consortium, said in a statement on the Lottery’s website. lottery. “We can’t wait to find out who won and hope to congratulate the winner soon!”

The jackpot was the third largest lottery jackpot in the country. It grew so big because no one had matched all six of the game’s selected numbers since April 15. That is 29 consecutive drawings without a jackpot winner.

Illinois Lottery officials had estimated the winning win at $1.28 billion, but revised the number down to $1.337 billion on Saturday.

The total prize is for the winners who choose the annuity option, paid annually for 29 years. Most winners opt for the cash option, which for Friday night’s drawing was estimated at $780.5 million.

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

According to the Illinois Lottery, the store that sold the ticket is also a big winner; You’ll get half a million dollars just for selling your ticket. A Speedway store clerk who answered the phone but declined to give his name said the store has not been officially notified that he sold the winning ticket and learned about it from reporters who called for comment.

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

Illinois is among the states where winners of more than $250,000 can choose not to reveal their names, and Illinois Lottery spokeswoman Emilia Mazur said the vast majority of those winners do just that.

Even lottery officials may not know who won for a while because winners don’t have to come forward right away. And the winning ticket may have been purchased by a group of people.

“We won’t know if it’s an individual or a lottery group until the winner comes forward to claim their prize,” National Mega Millions spokeswoman Danielle Frizzi-Babb said.

Emily Irwin, managing director of Wells Fargo Wealth & Investment Management Advisory and Planning, said Friday that the winner should consider keeping a low profile and resisting a wave of surprise spending that everyone knows the winner can’t afford.

“This is not the time to start calling everyone you know, saying, ‘Hey, I’ve got a big secret. Can you keep it?'” Irwin said.

This is necessary to avoid being inundated with requests for money.

“There are scammers and others who follow the big winners,” he said, admitting that sudden wealth can put a lottery winner in physical danger.

“Privacy equals security,” he said.

One thing the winner must do immediately is sign the ticket. That’s because if the ticket hasn’t been signed, then it really isn’t yours. If the winner loses an unsigned ticket and someone else finds and signs it, the ticket now belongs to them.

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

“Take a Polaroid of you holding it and (put it) in a safe deposit box or some other safe place,” he said.

Pratik Patel, head of Family Wealth Strategies at the BMO Family Office in Chicago, said the winner should work with a financial planner to plan for their future.

“I would run a Monte Carlo market simulation,” Patel said, explaining that this is an analysis of what a winner’s annual income might be and what the income from various investments might be. “What you’re doing is using analytics to report your spending.”

Frizzi-Babb agrees that talking to a financial planner is a good idea.

“I suggest you do that before you even set foot in a lottery office,” the national lottery spokeswoman said.

There is also a question that no one wants to answer at that particular time: What happens to money when you die?

Irwin said don’t leave this unanswered; You must take steps to ensure that the majority of your estate goes to your beneficiaries rather than the government.

“You need a manager who specializes in this and understands this world,” Patel said. “Someone who makes $60,000 a year might need a certain type of professional manager and might want to switch to someone who has great wealth.”

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

“You can absolutely enjoy yourself, but let’s be smart about it,” Patel said. “It’s a lot of money, but until you find out what you can afford, there are still limitations.”

For example, he said, consider chartering a private jet before you dive in and buy one.

“Owning your favorite basketball team may be interesting to you,” he cautioned, “but it may not be a good idea if it eats up all your money.”

Leave a Comment