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Winning lottery ticket worth $1.537 billion

by Rachel Lynn Aldrich
Posted 10/24/18, 11:12 am

A ticket bought in South Carolina won the Mega Millions lottery on Tuesday with a final prize of $1.537 billion, lottery officials said. The total is lower than the original estimate of $1.6 billion and comes in just shy of the all-time record from 2016. The winning ticket is worth about $877.8 million in a lump-sum cash payment, which most winners take instead of collecting the full amount in annual payments over three decades. South Carolina is one of the eight states where winners can remain anonymous. Whoever bought the ticket hasn’t claimed the prize yet.

Mega Millions is a national lottery game available in 44 states, the District of Columbia, and the U.S. Virgin Islands. About 60 percent of revenue from ticket sales goes to winners, and the lottery administrators and vendors split the remainder with the jurisdictions in which they operate. The odds of winning the jackpot was 1 in 302.5 million. Lottery prizes have been trending higher since officials for both Powerball and Mega Millions changed the game to worsen the odds while growing the jackpots in a bid for better sales.


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Rachel Lynn Aldrich

Rachel is a World Journalism Institute graduate. Follow Rachel on Twitter @Rachel_Lynn_A.

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Comments

  • Uff Da's picture
    Uff Da
    Posted: Wed, 10/24/2018 04:41 pm

    The winner is probably doomed.

  • Allen Johnson
    Posted: Wed, 10/24/2018 08:47 pm

    Mammon exacts its devilish price.

     

  • news2me
    Posted: Wed, 10/24/2018 11:52 pm

    And I thought 400 million was a lot of money. A billion boggles the mind.

  • OldMike
    Posted: Thu, 10/25/2018 07:45 pm

    I’ve thought for years, if the Lord wants me to be rich, there is no need in buying lottery tickets. On the other hand, if the Lord does not intend for me to be rich, it wouldn’t matter if I managed to purchase EVERY TICKET FOR A GIVEN LOTTERY, I would not win. 

    So no lottery tickets for me. Not rich but I have all I need. Heheheh. 

  • Brendan Bossard's picture
    Brendan Bossard
    Posted: Mon, 10/29/2018 02:00 pm

    I hate state-backed lotteries.  They take advantage of people who think that a windfall lay just one more ticket away.  And God help the poor bloke who actually wins it!

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