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The US Sun
Mega Millions player narrowly misses out on $435m jackpot by a number – but pockets $1m as officials hunt for winner
By Molly Bowcott,
8 hours ago
A LOTTERY player missed out on pocketing over $400 million but still came away with a hefty sum.
The individual won $1 million after narrowly missing the jackpot by just one number.
A Mega Millions player narrowly missed out on winning a $435 million jackpot (stock image) Getty The player bought the ticket in New York for the drawing this Tuesday (stock image) Getty
Theodorus Struyck – $1.765 billion, Powerball, Oct. 11, 2023, in California.
Unknown winner – $1.602 billion, Mega Millions, Aug. 8, 2023, in Florida.
Marvin and Mae Acosta from Los Angeles, California, John and Lisa Robinson from Munford, Tennessee, and Maureen Smith and David Kaltschmidt from Melbourne Beach, Florida – $1.586 billion, Powerball, Jan. 13, 2016.
Unknown winner – $1.537 billion, Mega Millions, Oct. 23, 2018, from South Carolina.
Unknown winner – he sued the mother of his child to keep his identity hidden – $1.348 billion, Mega Millions, Jan. 13, 2023, from Maine.
Unknown winner – $1.337 billion, Mega Millions, July 29, 2022, from Illinois.
“I was dumbstruck,” he said, after discovering he had still won the large sum of $1 million.
HOW TO PLAY
To win the Mega Millions jackpot, players must match all five white balls and the gold Mega ball.
The odds of winning the jackpot are one in over 300 million.
Lottery winnings: lump sum or annuity?
Players who win big on lottery tickets typically have a choice to make: lump sum or annuity?
The two payout methods can impact how much money you get from your prize.
Annuities pay out slowly in increments, often over 30 years.
Lump sums pay all at once but in a smaller amount, as taxes are withheld in one go. That means 24% of your prize goes to Uncle Sam right away. Many states tax winnings as well.
Annuities can provide winners time to set up the financial infrastructure required to take in a life-changing amount of money, but lump sums have the benefit of being taxed only once.
Inflation is also worth considering when making a choice, as payouts do not adjust with the value of a dollar. That means that you’ll likely be getting less valuable money towards the end of an annuity.
Each state and game pays out prizes differently, so it’s best to check with your state’s lottery to confirm payment policies. A financial advisor can also help you weigh the pros and cons of each option.
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