The August winner of the Mega Millions jackpot worth $1.602 1000000000000 came frontward on Monday, September 25, to take the prize, but lottery officials aren’t locution a great deal near the person’s identity operator because of a recently passed law inward Florida.
Florida lawmakers and Gov. Ron DeSantis (R) passed lawmaking shoemaker's last yr that allows drawing winners to remain anonymous for upwards to 90 days after coming send on to lay claim their prizes. House Bill 159 provides “persons who win worthful lottery prizes” to maintain their names secret for roughly trio months after claiming their life-changing money.
The legislating came after several incidences of Everglade State Lottery winners comely “targets of wild and unbloody acts based upon publicly available identifying information.” Because of the law, the Mega Millions winner who won the Aug 8 jackpot worth $1.6 one million million can buoy remain anonymous until December 24.
The $1.6 billion win marks the richest annuitized jackpot value inwards Mega Millions history. Because of mellow federal interest rates, the jackpot’s one-time cash in time value choice of $794.2 trillion was to a lesser extent than the $1.537 1000000000 annuitized jackpot won inwards October 2018 by a participant inwards South Carolina.
The August jackpot’s chunk total of nigh $794.2 gazillion is considerably less than the $878 zillion cash choice that the Oct 2018 winner chose.
The advertised Mega Millions and Powerball jackpots are based on bonds backed past the US Treasury. With interestingness rates far higher today than they were inward 2018, the annuitized jackpots for Mega Millions and competition Powerball get increased in value faster than they did when interest rates were near zero.
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The Florida Lottery was legally barred from providing info on the winner, but nation officials also refrained from revealing which payment option the victor selected. The state’s rules on claiming prizes mightiness get tipped the winner’s hand.
Florida Lottery rules require winners of Mega Millions and Powerball, as well as other major jackpots, to notify the country that they wishing to occupy the one-time cash in choice within 60 years of the win. Winners hold upward to 180 years to pick out the total note value through and through the 30-year annuity.
Since the Mega Millions jackpot winner came forward within the 60-day timeframe, it mightiness signify they opted for the one-time hard cash option. The $794.2 1000000 win will live rock-bottom to most $500.38 billion after federal taxes. Fortunately for the winner, Everglade State doesn’t taxation lottery winnings.
Powerball to $925M
Meanwhile, Powerball continued its jackpot-less run for a 30th consecutive drawing on Midweek night. The drawing game’s pinch award hasn’t been won since July 19.
With in time another drafting without a bingle just the ticket matching the sixer numbers, the jackpot rolls o'er for the game’s next drawing off on Sat night. Powerball officials guess increased fine sales will drive the annuitized value to $925 million, with the one-time cash value climbing to $434.2 million.
The Powerball jackpot is inching finisher to the 10-digit market. In US history, thither get only when been 8 times when a drawing jackpot has crossed the $1 1000000000000 mark.
Mega Millions was responsible for pentad of those history-making prizes, with Powerball in arrears three. If no more fine wins the Powerball jackpot on Saturday, the pass testament turn the 9th $1B+ drawing jackpot in US history.
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