Mega Millions $1.337 Jackpot - Won | LVS, Gaming, & Transocean Forum

Mega Millions $1.337 Jackpot - Won Jul 30, 2022 16:28:42 GMT -5

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Post by Blitz on Jul 30, 2022 16:28:42 GMT -5

Mega Millions $1.337B Jackpot Won, Winning Ticket Sold in Illinois

Posted on: July 30, 2022 - Devin O'Connor
www.casino.org/news/mega-millions-1-28b-jackpot-won-winning-ticket-sold-in-illinois/

Mega Millions has finally been won after 29 drawings without a jackpot winner.

Last night’s $1.337 billion annuitized jackpot was hit by a single ticket purchased in Illinois. The winner will have the option of collecting the full jackpot value through an immediate payment followed by 29 annual distributions, or taking a one-time lump-sum cash option of $780.5 million.

The cash option is equal to all the cash in the Mega Millions jackpot prize pool. Both options are pre-tax.

Friday’s winning numbers were 13-36-45-57-67 and the gold Mega Ball 14. The Megaplier was 2x.

Along with the $1.337 billion jackpot winner in Illinois, Friday’s draw saw 26 tickets match all five white balls to win the game’s second-tier prize of $1 million. Six of those tickets purchased the $1 add-on Megaplier to double their win to $2 million.

Another 375 tickets matched four white balls and the Mega Ball to win $10,000. Sixty-eight of those tickets had the Megaplier to take their wins to $20,000.

Record Remains

The $1.337 billion Mega Millions draw was the game’s second-largest jackpot in history.

With the jackpot hitting last night, the 2018 record Mega Millions jackpot of $1.537 billion won in October of 2018 by a ticket sold in South Carlina stands. It’s the largest lottery prize ever won by a single ticket in US history.

The largest lottery jackpot in the nation’s existence occurred in January 2016 when a $1.586 billion Powerball prize was split three ways.

Last night’s winner has yet to come forward, as winners of such new fortune are advised to first consult a financial advisor and/or legal expert before moving forward.

We’re eager to find out who won and look forward to congratulating the winner soon,” said Ohio Lottery Director Pat McDonald, who currently serves as lead director for the Mega Millions Consortium.

The winning ticket for last night’s draw was sold at the Speedy Café Speedway in Des Plaines, Il. For selling the winning ticket, the gas station will receive a $500,000 bonus commission.

Jackpot Breakdown

The $1.337 billion winner will never see anywhere close to the advertised jackpot money.

If the winner picks the 30-year annuity, they will collect approximately $28.11 million a year after the federal government takes its 37%. That equates to about $843.4 million.

Illinois is in the majority of states in being a state that levies a tax on lottery winnings. The state takes 4.95%, further reducing the annuity to $25.9 million a year, or about $777.24 million in total.

If the winner chooses the cash option, which is typically the preferred distribution for such life-changing lottery wins, the one-time sum is reduced to $491.75 million after the federal tax. The pot is then further cut to about $453.11 million after Illinois takes its share.

Mega Millions now resets to $20 million for the August 2 drawing. The odds of winning the jackpot never alter at a measly one in 302.5 million chance.

Top 5 Mega Millions Jackpots

$1.537B 10/23/2018 — 1-SC

$1.337B 7/29/2022 — 1-IL

$1.05B 1/22/2021 — 1-MI

$656M 3/30/2012 — 3-IL, KS, MD

$648M 12/17/2013 — 2-CA, GA

Mega Millions $1.337 Jackpot - Won Jul 31, 2022 5:20:38 GMT -5

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Post by Blitz on Jul 31, 2022 5:20:38 GMT -5

I did not know NV did not allow Lotto...

Nevada Bans Lottery Ticket Sales, Residents Still Dream of Winning

Posted on: July 30, 2022 - Ed Silverstein
www.casino.org/news/nevada-bans-lottery-ticket-sales-residents-still-dream-of-winning/

Nevadians had no choice but to travel out of state this week to try their luck at the historic $1.337 billion Mega Millions lottery jackpot. The state continues to forbid the sale of lottery tickets.

Speedway gas station and convenience store in Des Plaines, Ill., pictured above. It is where this week’s historic winning lottery ticket was sold. (Image: Associated Press)

That may sound strange, given that Nevada is a gambling mecca with major gaming destinations like Las Vegas and Reno.

But lotteries were forbidden in the Nevada state constitution which was ratified in 1864. “No lottery may be authorized by this State, nor may lottery tickets be sold,” the document clearly states.

Since then, the state has allowed only charitable organizations to operate limited lotteries. Nevada is not alone. Alabama, Alaska, Arkansas, Hawaii, Mississippi, Utah and Wyoming also do not have state lotteries.

So, in the past several days, many Nevada residents drove to the Lotto Store at Primm, officially located in Nipton, Calif., to get their tickets. It is about 44 miles from Las Vegas.

Other lottery ticket locations are found in border towns in Arizona. They too had eager customers from Nevada this week.

Some of those who drove to California pointed out the high price of gasoline when driving to out-of-state locations.

“It stinks that Nevada makes us drive all the way to California for lottery tickets since gas costs so much,” Ricardo Pasadas told the Las Vegas Review-Journal. He has driven to Primm three times in the last two decades to buy lottery tickets.

But neither California nor Arizona lottery customers had much luck this time. Friday’s winning ticket in the Mega Millions was sold in Illinois.

The ticket was sold at the Speedway fuel and convenience store on East Touhy Avenue in Des Plaines, Ill., a Chicago suburb, Reuters reported.

Odds of Winning

But why would Nevada residents even want to try their luck on the multi-state lottery? The chance of winning was estimated at one in 302.5 million. Much better odds can be found at one of Nevada’s casinos.

Alan M. Feldman, a Distinguished Fellow, Responsible Gaming, at UNLV, and former MGM Resorts International executive, explained, “Clearly, people pay no attention to the odds of actually winning.” He, too, sometimes purchases lottery tickets when in states that sell them.

It’s all about the fantasy of ‘what if I won?,’” Feldman told Casino.org. “People regularly go through the dream of planning for an influx of money. As the prize goes up, so do sales.”

Lottery executives have revealed to Feldman “these crazy, large jackpots are good and bad.” Good because sales invariably go up. Bad because they set a new high bar and people get less interested in smaller jackpots of only “tens of millions of dollars.”

Either Buy a Lottery Ticket or Not

In the 1990s, a Federal Gambling Commission toured the US and held meetings with various experts testifying on gambling.

“At the meeting here in Las Vegas, one panel featured a mathematician who was there to explain the odds of winning on a variety of games, including lottery,” Feldman recalled.

Of lottery, he said, that while some people understand the odds to be ridiculously stacked against them, he didn’t think it unreasonable to believe, as far many more people do, that the odds are fifty-fifty. Either you play, and might win, or you don’t and have no chance at winning.”