Latest news with #MegaMillions'
Yahoo
3 days ago
- Business
- Yahoo
$207 million Powerball jackpot ticket sold in Los Angeles
LOS ANGELES - Feeling lucky? The highly-anticipated $207 million Powerball jackpot winner is reportedly in Los Angeles. What we know According to California Lottery's website late Saturday night, the jackpot-winning ticket was sold at a 7-Eleven at 8960 Woodman Avenue in Arleta. This comes as a drawing was held for the then-jackpot of $207 million. Below were the winning numbers for the May 31 drawing: 1, 29, 37, 56, 68. PB: 13 The drawing for the now-reset jackpot – which is $20 million – will be held on Monday, June 2 at 8 p.m. PT. There are $20 million of reasons to dream, especially what you would do with the jackpot money. However, one thing all lottery winners have to take into account is the fact that their prizes will be taxed. So how much do you really get after taxes? It depends on a couple of factors: do you have to pay state taxes where you live? Will you take the lump sum payment or the annuity payout? According to Mega Millions' website, those electing to take the annuity option get one immediate payment followed by 29 annual payments. Powerball follows an identical process for paying out its jackpot winners. RELATED: Powerball payout calculator: How much would you get after taxes if you won?
Yahoo
28-05-2025
- Business
- Yahoo
Powerball ticket worth nearly $80,000 sold in California
LOS ANGELES - Feeling lucky? As the nation awaits the winner of the $189 million Powerball lottery jackpot, someone in California may be $79,000 richer. What we know According to California Lottery's website on Monday night, a ticket worth $79,140 was sold in the state. This comes as a drawing was help for the then-jackpot of $177 million. Below were the winning numbers for the May 26 drawing – which apparently no one got all six numbers: 13, 47, 52, 64, 67. PB: 25. The drawing for the $189 million jackpot will be held on Wednesday, May 28 at 8 p.m. PT. There are $189 millions of reasons to dream, especially what you would do with the jackpot money. However, one thing all lottery winners have to take into account is the fact that their prizes will be taxed. So how much do you really get after taxes? It depends on a couple of factors: do you have to pay state taxes where you live? Will you take the lump sum payment or the annuity payout? According to Mega Millions' website, those electing to take the annuity option get one immediate payment followed by 29 annual payments. Powerball follows an identical process for paying out its jackpot winners. RELATED: Powerball payout calculator: How much would you get after taxes if you won?
Yahoo
25-05-2025
- General
- Yahoo
Couple That Found Lottery Ticket in a Junk Drawer, and Later Collected $1 Million, Recall Their Shock — and What's Next
A New Jersey couple collected $1 million after they found an old lottery ticket in a junk drawer The pair, who are choosing to remain anonymous, recalled their shock at winning and revealed what they plan to do with the money in statements to Mega Millions 'I thought maybe $1,000. Or $10,000. I couldn't believe it — $1 million?!?" the lottery winner said of discovering their prizeA New Jersey couple that collected $1 million after they found an old lottery ticket in a junk drawer is recalling their shock. The couple from Mercer County — who declined to identify themselves — won the prize in the New Jersey Mega Millions lottery after recently scanning a ticket originally bought on New Year's Eve, according to a press release. After they purchased the lottery ticket at the Speedymart Food Store in West Trenton, the couple said they "returned home" and 'set the ticket aside." Months later, one of the winners stumbled upon the ticket. 'I was in the house, and I just opened the drawer, and I saw the tickets. I decided to get them checked,' they said. 'I scanned them. One said 'not a winner,' and then another 'not a winner,' and then I scanned a ticket that said 'winner.' ' Never miss a story — sign up for to stay up-to-date on the best of what PEOPLE has to offer, from celebrity news to compelling human interest stories. The lottery player said they took the winning ticket home and compared it with the numbers on the New Jersey Lottery website. They saw that they had matched, but they weren't aware of what kind of prize awaited them. 'I thought maybe $1,000. Or $10,000. I couldn't believe it — $1 million?!?,' they said. After the win, the Mega Millions lottery reminded players to 'check those junk drawers' as they 'never know' what they 'might find.' The organization playfully added that players could find 'a couple of batteries for the remote, a rubber band, a pen with a missing cap or, maybe, a million dollars.' The New Jersey lottery also pointed out that winners have one year 'from the date of the drawing' to claim their prize "before the ticket expires.' As for what the New Jersey couple plans to do with their winnings, they said they want to use some of it to provide aid to others. 'For us, it's more about helping the children, making sure they don't have debt,' the couple said, per the lottery release. The Mega Millions' latest jackpot is now estimated to be over $170 million. The next drawing is on May 27. Read the original article on People
Yahoo
15-05-2025
- Business
- Yahoo
Overjoyed dad runs out of house after winning $5.4M lottery
The Brief A dad in Michigan ran out of the house out of sheer joy after realizing he had won the lottery. He matched the winning numbers that would make his family up to $5.4 million richer. The dad, who asked to remain anonymous, said he will use the money to help the family. VAN BUREN COUNTY, Mich. (KTTV) - A wife and daughter turned to look at each other in confusion after dad ran out of their home and down the street. Turns out, their old man may have just made the family up to $5.4 million richer by winning the lottery! The backstory According to the Michigan Lottery, a 43-year-old man from Van Buren County found out he had won a winning lottery ticket worth about $5.46 million. The new left him feeling so excited that he made a beeline out of the family's home and ran down parts of the neighborhood. Meanwhile, back at the house, his wife was confused. "My wife didn't know what was going on, so my daughter said to her: 'I think dad just won the Lottery!' Winning a prize like this feels unreal and is still sinking in," the Michigan dad said, who asked to be anonymous in the Michigan Lottery website. He told lottery officials he bought it at a Speedway gas station on a whim. "When I saw the jackpot was over $5 million, I told my family: 'That money is going to be mine!'" he said. The dad told lottery officials that he will use the money on helping the family. There are millions of reasons to dream, especially what you would do with the jackpot money. However, one thing all lottery winners have to take into account is the fact that their prizes will be taxed. So how much do you really get after taxes? It depends on a couple of factors: do you have to pay state taxes where you live? Will you take the lump sum payment or the annuity payout? According to Mega Millions' website, those electing to take the annuity option get one immediate payment followed by 29 annual payments. Powerball follows an identical process for paying out its jackpot winners. RELATED:Powerball payout calculator: How much would you get after taxes if you won? The Source This report used information provided by the Michigan Lottery.
The Hill
08-04-2025
- Business
- The Hill
Your odds of winning Tuesday's Mega Millions jackpot have gone up: What to know
(NEXSTAR) — Your odds of winning the Mega Millions jackpot have always been slim, but thanks to new changes to the national lottery game, they just got better. Mega Millions officials unveiled sweeping changes to the game, meant to create bigger prizes, a faster-growing jackpot, and improved odds. Tuesday's drawing will mark the first since those changes took effect. If you have purchased since Friday night's drawing, you may have already noticed the Mega Millions' new look, new number pool, and the new price. Mega Millions changes: 7 things to know about April's price change, game overhaul There are now fewer Mega Ball numbers — 24 instead of 25 — to select from, which improves your odds of winning any Mega Millions payout from 1 in 24 to 1 in 23. Officials have also removed the Megaplier (and the Just the Jackpot option available in some states) and replaced it with a built-in random multiplier. 'Every non-jackpot win will multiply its base prize by 2X, 3X, 4X, 5X or 10X automatically,' game officials said last month. This also expands the range of payouts. Instead of $2 to $1 million, the current non-jackpot prize range, the Mega Millions will have payouts between $10 to $10 million. Possible payouts have also shifted. The lowest possible prize is now $10, up from $2. (The base prize is technically $5, but the built-in multiplier will at least double that.) You can see the new prizes below compared to the current payouts: The increased payouts are partially thanks to the rising cost of playing Mega Millions. A line of Mega Millions numbers will now set you back $5. 'This is only the game's second price adjustment since the first ticket was sold more than 20 years ago and the first change since the current game matrix was adopted in 2017,' Mega Millions officials said in March. Below is a look at the new Mega Millions ticket style: According to Mega Millions officials, the new game structure will give way to a faster-growing jackpot that becomes larger more frequently. Instead of starting at $20 million, the Mega Millions will reset to $50 million every time the jackpot is won. The higher starting point for the jackpot, combined with rising ticket prices, is expected to lead to even more enticing jackpots for players. Just like your odds of winning any payout have increased, so have your odds of winning the jackpot. Instead of having a roughly 1 in 302.58 million chance of hitting the Mega Millions jackpot, your odds are now about 1 in 290.47 million. While vastly better than the odds Mega Millions players had a week ago, you're still more likely to be eaten by a shark, be attacked by a grizzly bear, hit a hole-in-one, find a pearl in an oyster, or shake the president's hand. If you aren't deterred by your slim odds of winning, the next Mega Millions drawing is set for 11 p.m. ET on Tuesday. The current jackpot sits at an estimated $54 million with a cash option of $25.7 million.
