Where does all that lottery money go besides the victor?

Daysi Lorenzo

Bronx resident wins $1 million in Mega Million lottery jackpot

"I would want to set myself up, but still be working so I don't erode into nothingness", Baron said. "In this 26-draw jackpot run, beginning with the July 27 drawing there were more than 50.2 million winning tickets at all prize levels, including 85 worth $1 million or more and the jackpot victor", Mega Millions announced on its website. If one person gets all of the numbers, they can choose the lump-sum cash payout and walk away with nearly $905 million after taxes.

A man walks past Mega Millions and other lottery displays outside of The Lucky Spot in San Francisco, on October 18, 2018.

The Mega Millions jackpot is now at a record $1.6 billion.

"The final total was less than the $1.6 billion estimate", said Carol Gentry, a spokeswoman for the Maryland Lottery, which leads a consortium of state lotteries participating in the Mega Millions jackpot.

For Mega Millions, players now pick five numbers from 1 to 70 and a Mega number of 1 to 25 (for eg 12 34 57 65 69 and 12).

"I got the victor right here!"

But that $1.586 billion prize - payable in annual installments over 30 years - came with an up-front cash option of $983 million.

"It's only two dollars. Over the years, I've created a snine and a nix's, so I'm hoping one of those numbers doesn't fall because you never know how I'll pronounce it".

The lines may be a little longer at the gas stations and local grocery stores, all for a shot to win the Mega Millions jackpot of $1.6 billion on Tuesday.

The lump sum cash payout is estimated at $354.3 million. Never in USA history has there been a jackpot of this size.

Mega Millions tickets are sold in 44 U.S. states, the District of Columbia and the Virgin Islands. However, only seven states let you buy individual Mega Millions tickets online.

It is so much money that if you had it all in $100 bills, you could make a stack about as high as the World Trade Center in New York City, the lottery's website said.

And if you do win you won't get your money right away, lottery officials say payment usually varies by state, but a week or two is pretty common. "I'd like to change my way of life".

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