The lucky winner of the $1 billion dollar Mega Millions jackpot in Michigan was 24-year-old Kevin Blake from Waterford, Michigan. Kevin purchased the ticket at a Kroger gas station located at 4500 Highland Road in Waterford, Michigan.
On January 22, 2020, it was revealed that the lucky ticket matched all six numbers drawn in the Mega Millions draw, winning the jackpot of $1 billion.
Kevin became the third winner of the Mega Millions jackpot in 2020; the first two winners were from Iowa and New York. After taxes, Kevin received a lump sum of approximately $776,000,000 and said he plans to use the money to travel and invest.
He has not yet revealed any additional details on his plans. This is the second time in three years that a winner playing the Mega Millions lottery purchased their ticket in Michigan, the last one being back in 2017.
Who won the Mega Millions $1 billion jackpot?
No one has won the Mega Millions $1 billion jackpot yet. The drawing for the last Mega Millions jackpot occurred on October 23, 2020, with a grand prize of $970 million. The winning numbers were 5, 28, 62, 65, 70 and the Mega Ball was 5.
No one managed to match all six numbers, so the jackpot rolled to an estimated $1 billion for the October 27th drawing.
The 1 billion dollar jackpot is the largest in Mega Millions’ history and the third-largest lottery jackpot in U. S. history. Winners can choose between a one-time, lump-sum payment of the full jackpot amount, or they can receive an annuity over 30 years that pays out the full prize amount.
So far, no one has won the $1 billion Mega Millions jackpot. However, the Mega Millions lottery does have many wins spread across the country. Players who matched five out of six numbers won $200,000 each and 11 players who matched four out of five plus the Mega Ball won $10,000 each.
Has anyone in Michigan ever won the Mega Millions?
Yes, someone from Michigan has won the Mega Millions! On January 22, 2021, a Mega Millions ticket purchased in Oakland County, Michigan, matched all six numbers and was worth a record-breaking $1.05 billion.
This is the third-largest lottery prize in U. S. history after the $1.537 billion Mega Millions prize won in October 2018 by a South Carolina ticket holder and the $1.586 billion Powerball prize won in January 2016 by three ticket holders from Californian, Florida, and Tennessee.
The anonymous Michigan winner opted to receive the prize in a one-time, lump-sum payment of $776.6 million, the largest single lottery jackpot payout to a single winner in U. S. history.
What is the first thing you should do if you win the lottery?
If I won the lottery, the first thing I would do is consult with a professional financial advisor. This is important to ensure I have a detailed plan to maximize my winnings and make smart, informed decisions moving forward.
I’d also set up an appointment with a tax attorney to make sure I understand what taxes I may be liable for paying, as well as any other obligations I may incur. Additionally, I would make sure to open separate bank accounts for both short-term and long-term investments, so I can better manage both short-term financial goals and long-term financial security.
Finally, I would create a budget to maintain my lifestyle, so I don’t overextend myself and find myself in a worse financial situation than before.
What percentage of lottery winners go broke within 5 years?
The exact percentage of lottery winners who go broke within 5 years is uncertain because there is no official data on how many lottery winners actually do go broke after their winnings. However, studies have been done that estimate that around 70% of lottery winners go bankrupt or suffer other serious financial problems within 5 years of their winnings.
One study by the National Endowment for Financial Education found that financial problems were reported by 70% of respondents within five years of receiving their winnings. Another study by the British Journal of Psychology stated that nearly two-thirds of lottery winners in the United Kingdom reported bankruptcy within five years.
These studies might not provide an exact percentage, but they indicate that a substantial number of lottery winners face bankruptcy within five years of their winnings. This can be a result of poor money management, bad investments, or simply having too much money at once and not being able to handle it responsibly.
Has anyone claimed the billion dollar Mega Millions?
No one has yet claimed the winning $1 billion dollar Mega Millions jackpot from the October 23rd 2020 draw. The winning ticket was sold in Michigan, but after the 45-day deadline to claim the prize passed, the winner has yet to come forward.
Someone in Michigan has in their possession an unclaimed ticket worth more than $1 billion, making them one of the richest people in the United States.
Lottery officials are waiting to hear from the winner and are urging them to sign the back of the ticket, keep it in a safe place, and seek financial advice from a trusted professional. There are rumors of a winner but no one can be sure until the ticket is presented in person at the Michigan Lottery Headquarters.
If a winner does not come forward within the next few months then the prize will revert to the states in which tickets were sold, to be used for public education.
Who Won 1.5 billion Mega Millions?
Unfortunately, no one won the 1.5 billion Mega Millions jackpot, which was drawn on October 23, 2018. The winning numbers for the largest-ever Mega Millions jackpot were 5, 28, 62, 65, 70, and Mega Ball 5.
The winning ticket for the 1.5 billion Mega Millions prize was never claimed, and the money was shared amongst eight states: California, Florida, New Hampshire, New Jersey, New York, North Carolina, Rhode Island and Texas.
The consolation prizes ranged from two dollars up to two million dollars. Every state has different rules and regulations when it comes to how the unclaimed money is handled, however, it typically goes to education or to benefit the state’s pension funds.
When was the last time Powerball was $1 billion?
The last time Powerball jackpot reached $1 billion was on January 13th, 2016. The drawing that night produced three lucky winners who split the record-breaking prize. The registered winning tickets were sold in California, Tennessee, and Florida.
The total winning amount was split among the three winning tickets for a whopping price of $327.8 million each. Powerball jackpots have reached the $1 billion mark several times since then, but none have exceeded the payment of the January 2016 triple-winners.
What is the biggest unclaimed lottery prize?
The biggest unclaimed lottery prize ever is believed to be the grand prize of the SuperLotto Plus jackpot in California, USA that was worth $63 million dollars. It was won on February 11th, 2002 and 180 days later, it was still unclaimed.
It was finally claimed by an anonymous person in August of the same year. This made it the biggest unclaimed lottery prize in history.
The runner-up to the biggest unclaimed lottery prize ever is believed to be the EuroMillions jackpot that was worth £63.8 million back in April of 2012. This prize was won by a UK player but the ticket was never claimed and the jackpot was never paid out.
After 180 days passed, the jackpot was automatically donated to the Big Lottery Fund, who redistribute the money to good causes in the UK and abroad.
Has a rich person ever won the lottery?
Yes, a number of rich people have won the lottery over the years. One of the most famous examples is Jack Whittaker, who won the Powerball jackpot in 2002, with a $314 million ticket. Whittaker was already a wealthy businessman prior to his lottery win, having made his fortune in the construction industry.
Other high-profile lottery winners include Tom Kirwan, who won £10.2 million in 2010, and Adrian and Gillian Bayford, who won £148 million in 2012. To be classed as a ‘rich person’, somebody must have a net worth above a certain amount and their income should exceed the median household income.
Therefore, when considering the examples above, it could be argued that they were already rich, prior to their lottery win. Furthermore, there are countless instances of other wealthy people becoming even richer after lottery wins.
How much did the 1.28 billion lottery winner take home?
The 1.28 billion lottery winner, who held the winning ticket for the Mega Millions jackpot in October 2018, took home a lump sum of $877,784,124. This amount was calculated after taxes were taken into consideration.
The winner had the choice to receive a lump sum or to receive thirty annual payments. After taxes, the total payout was much lower than the advertised $1.28 billion. The winner had the choice to take the lump sum in cash or to invest it in an annuity which would pay out the full amount over the course of thirty years.
When did the lottery hit a billion dollars?
On October 23rd, 2018, the Mega Millions lottery hit an all-time record high of one billion dollars. The jackpot was made up of two winning tickets purchased in South Carolina and New York. The South Carolina ticket holder had chosen the cash option of $877.
8 million while the other ticket holder had taken the annuity option, valuing the prize at $536 million. This was the second top-prize reached throughout the history of the lottery and the second $1 billion mark reached in the United States in a single month.
A day later, on October 24th, the Powerball lottery also hit a billion dollars, raising the total of the two games to two billion dollars in two days. This record-breaking prize was also unusual in that it was the first time in over two years that one of the two lotteries had hit a billion dollars.
It was also the first time in history that both lottery games had hit the same amount in the same month.
Did someone claim the 1. 3 billion?
Yes, the winning ticket for the $1.3 billion Mega Millions jackpot was sold in South Carolina, and it was claimed by an anonymous winner. The ticket was purchased at a KC Mart in Simpsonville. The lucky winner has opted to collect the full jackpot amount of $1.
537 billion in a one-time payout, making it the largest jackpot payout to a single winner in U. S. lottery history. The winner is entitled to receive $877,784,124 after state and federal taxes.
What happens if you get all 5 numbers but not the Powerball?
If you get all 5 numbers (but not the Powerball) in a Powerball drawing, you win the game’s second prize. The exact amount of the prize depends on how many people also chose the same numbers, as well as the rules of the specific drawing.
Generally, the second prize is a fixed amount of money, usually between $1 million and $2 million. On rare occasions, the second prize money can be as much as $5 million. Regardless of the exact amount, this prize is still an incredible accomplishment that few people ever get a chance to experience.