The options through which Mega Millions lottery winners can receive their windfalls have garnered attention in recent days in light of how massive the jackpot has grown now over $1 billion.
After nobody won Tuesday’s Mega Millions drawing the jackpot has jumped to an estimated $1.25 billion as an annuity and $625.3 million as the lump sum cash option.
CALIFORNIA, USA - JULY 11: A person plays the Mega millions lottery at a gas station as giant Powerball and Mega Millions jackpots grow more than $1B combined, in Trona, California, United States on July 11, 2023.Many of those who have scored lottery jackpots with winning tickets go for the cash option as the way they want to receive their funds.
Mega Millions jackpot winners receive a portion of their prize up front when they choose to go the route of the annuity option. Payments then come each year for 29 years after that, becoming 5% larger each time, according to the lottery’s website. Play stubs are displayed at the lottery counter at Broad Street Liquors, Tuesday, Jan. 3, 2023, in Timonium, Md. An estimated $785 million Mega Millions jackpot set for Tuesday night will give lottery players a chance to start the new year with a lucGetting paid a jackpot through an annuity is where higher interest rate becomes a factor, because the higher the interest rate, the larger the annuity can grow over three decades.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Powerball, Mega Millions and billion-dollar jackpots: Who won, how long did it take to win?As of July 28, 2023, there have been 7 lottery jackpots that have surpassed $1 billion or more and one lottery jackpot that reach $2.04 billion.
Consulte Mais informação »
$5M Mega Millions ticket sold in Chester County, Pa. Check your numbers💰 We just learned that a lottery ticket worth $5 million from Friday night's MegaMillions draw was sold in the Philly suburbs. Another $1 million winner was sold in another part of Pennsylvania. Check your numbers.
Consulte Mais informação »
As Mega Millions jackpot reaches $1.05 billion, these are the biggest lottery prizes in U.S. historyThe current Mega Millions jackpot is only the eighth time that a lottery in the U.S. has topped $1 billion
Consulte Mais informação »