Saturday, March 2, 2024
HomeNews£1.3bn jackpot winner claims prize - but they still have massive decision...

£1.3bn jackpot winner claims prize – but they still have massive decision to make

A lucky Mega Millions winner who scooped a staggering £1.3bn prize last month has finally come forward to claim their jackpot.

The winner will claim the third-largest jackpot from Mega Millions in US history, with the prize being the fifth time in total that the fund has gone past the billion-dollar mark.

State law in Florida, where the winning ticket was claimed, means the identity of the winner will be preserved until 90 days after September 25 – the day they came forward.

And now the winner faces a huge decision on how to structure their winnings.

Winners in Florida are able to claim the lump sum – which is an unspecified amount currently – within 60 days of the drawing taking place.

They can also choose to take the money annually, which sees the overall figure paid across 30 yearly installments.

The jackpot prize is subject to federal taxes.

But in Florida, there is no state income tax on the jackpot.

The winning ticket was purchased at a Publix supermarket in Neptune Beach – close to Jacksonville.

On August 8, the winning numbers of 13, 19, 20, 32, 33 and the Mega Ball of 14 were drawn.

It comes just under a year since the biggest Powerball ticket in history was drawn, with a winner in California scooping $2.04billion.

The second-biggest Powerball prize came in 2016, when three winning tickets in California, Florida and Tennessee were given an equal share of $1.586billion.

Other similarly hefty jackpots were also enjoyed in 2018, when a South Carolina resident won $1.537billion. Meanwhile, $1.35billion was collected in Maine earlier this year.

The latter opted to remain anonymous after coming forward to collect their prize in February, collecting their prize through a limited liability company.

Throughout its history, grand prize winners normally decide to take the one-off, lump sum payment.

On occasion, though, they do opt for the annual payments, which included a winner in March from Virginia, who will now receive around $156.7million each year for the next three decades.



Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

Recent Comments