The current U.S. lottery jackpot record is $1.586 billion, split by three winning Powerball tickets in January 2016. That number is likely to fall even more as other taxes come into play. The Texas victor and one in Florida included the optional Megaplier, so those two tickets are worth $3 million each.
Somebody, somewhere in SC, is going to look at their bank balance Wednesday and think: Well, that escalated quickly. Here's what we know about SC.
The store handed out free Mega Million tickets on Tuesday as excitement grew about the growing, $1.6 billion jackpot which was won by one ticket purchased in SC winning the world's largest-ever lottery grand prize. The ticket was sold in Palmetto State.
"They just want to take a moment out of their day to consider how to dream big", Schlesinger said.
Meanwhile, the California lottery tweeted that eight tickets in the state matched five of the six numbers for an undisclosed amount of money. Because the buyers of those tickets added the $1 Megaplier feature, the prize for each of those tickets tripled to $30,000 when a 3X multiplier was picked in the drawing. The KC Mart at 303 Lee Vaughn Rd. sold the winning ticket. It's about as much as 20 per cent of the state's $8 billion annual budget.
Uncle Sam will also be a big victor when someone does finally match the winning numbers. Most states require that lottery winners' names be shared, but SC is one of the exceptions to this rule. Powerball has climbed since there was a victor in NY on August 11. Interestingly, Arizona winners can stay anonymous but only for the first 90 days. The retailer where the ticket was sold gets a $50,000 cut once the prize is claimed.
Thirteen winners also matched four white balls plus the Mega Ball, which is a $10,000 prize.
The prize is extraordinary by any measure, but particularly so for SC. That's worth an estimated $620 million.
The Mega Millions lottery game is played in 44 states and several USA territories.
Lottery officials and financial managers encourage winners to take time to map out a strategy for investing their hundreds of millions of dollars, and to prepare for security concerns befitting someone who suddenly becomes immensely wealthy.