Mega Millions winner sitting on unclaimed $1m fortune – and ticket was bought at grocery store
With one gambler sitting on an unclaimed $1 million fortune, MEGA Millions players have been advised to check their numbers.
According to Texaslottochiefs, the winning slip was purchased at a supermarket outside of Austin.
Before Tuesday’s draw, a gambler who hasn’t come forward yet purchased it from an H-E-B store.
The lottery player missed the jackpot by just one number, but it was still an excruciatingly close call.
They didn’t have the giant ball, but they did match five digits.
However, they will still get a $1 million award.
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In recent weeks, H-E-B retailers appear to be giving out good fortune.
This is because, according to The San Antonio Express-News, it was the second H-E-B location to sell a winning slip in November.
However, the winner will still be required to pay the Internal Revenue Service a tax rate of 24%.
But at the state level, they will receive a reprieve.
One of the few states that does not impose taxes on lottery wins is Texas.
California and Florida do not impose state-level lottery taxes.
Mega Millions warning as $1.1bn prize still remains unclaimed and the ticket was bought at a chain store (1)
The prize pot has grown to an estimated $453 million since no participant won the big prize.
It has a $209.6 million estimated cash option.
The next Mega Millions draw is scheduled for this Friday.
Beginning in April 2025, Mega Millions players will be subject to a number of changes.
Lottery winnings: lump sum or annuity?
When lottery players win large sums of money, they usually have to decide between an annuity and a lump payment.
The amount of money you receive from your reward may vary depending on the two payout options.
Annuities typically pay out over a 30-year period in gradual increments.
Because taxes are withheld all at once, lump sum payments are made all at once but in smaller amounts. In other words, Uncle Sam immediately receives 24 percent of your award. Winnings are also taxed in many states.
While lump amounts have the advantage of just being taxed once, annuities can provide winners time to build up the financial infrastructure needed to receive a life-altering quantity of money.
When choosing, it’s also important to take inflation into account because distributions don’t change in value with the dollar. This implies that when an annuity comes to a conclusion, you will probably receive less valuable money.
It’s best to confirm payment terms with your state lottery as each state and game has distinct prize payout policies. You can evaluate the advantages and disadvantages of each choice with the assistance of a financial expert.
There are differing views among experts over whether to take an annuity or a lump sum.
Mega Millions executives have disclosed that players will have a better chance of winning.
To win the top reward, gamblers have to beat the odds of one in 302.6 million.
However, authorities have stated that bigger pots will be available more frequently.
Players who match five balls will get up to $10 million, and jackpots will expand more quickly than ever before.
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Supervisors are trying to make sure that winnings are always worth more than the ticket price.
However, tickets will now cost $5 instead. The popular lottery game is currently only $2 to play.
Top lottery winners in the US
Millions of people hope to win the lotto and become famous and wealthy. These are the largest lottery winners in US history.
- Edwin Castro – $2.04 billion, Powerball, Nov. 8, 2022, in California.
- 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.
- Cheng and Duanpen Saephan, and Laiza Liem Chao – $1.326 billion, Powerball, April 7, 2024, from Oregon.
- Yanira Alvarez – $1.08 billion Powerball, July 19, 2023 in California.
- Wolverine FLL Lottery Club – $1.05 billion, Mega Millions, Jan. 22, 2021, from Michigan.
- Unknown winner – $842.4 million Powerball, Jan. 1, 2024, from Michigan.
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