Record-breaking $1.58 billion mega millions jackpot won in Florida
The lucky winner can opt for annual payments or a $783 million lump sum, taxed at 35-37%.
An individual in the US has achieved an incredible victory by clinching the $1.58 billion Mega Millions jackpot, yes you read it right. This historic prize will fetch its name in history as the largest ever in Mega Millions, surpassing the previous record of $1.537 billion set in South Carolina back in 2018.
The winner, on Tuesday night, selected the winning combination: 13, 19, 20, 32, and 33, along with the Mega Ball number 14. This life-altering moment unfolded for the lucky ticket holder, and it has been revealed that the ticket was sold in Florida.
The winner is presented with two options: receiving an annual payout stretched over 29 years or opting for an estimated lump sum of $783 million (before taxes). However, it’s important to remember that, as per regulations for lottery winnings, this substantial windfall will be subject to the highest tax brackets, which range from 35 to 37 percent.
Before this win, the Mega Millions jackpot remained unclaimed for a 31 consecutive draws. The most recent grand prize, as reported by Mega Millions, was a $20 million pot on April 18.
The previous record of $1.537 billion, attained in October 2018, has now been surpassed, highlighting once again the incredible potential of Mega Millions to create life-altering moments for its players.
Mega Millions underwent strategic changes in 2017 to enhance the player experience. These changes included raising the starting jackpot from $15 million to $40 million, adjusting the ticket price from $1 to $2, and slightly tweaking the odds of winning the top prize. These adjustments aimed to make the overall player experience more engaging and exciting.
As this fortunate resident of Florida embarks on a new journey of financial prosperity, their remarkable win adds to the legacy of Mega Millions, once again highlighting the lottery’s ability to change lives in an instant.
