$1.337 Billion Mega Millions Jackpot
July 29, 2022 — Illinois
A single winning ticket was sold at a Speedway gas station in Des Plaines, Illinois. The winner chose to remain anonymous, claiming the prize through a trust. The Illinois Lottery confirmed the prize was claimed in the weeks following the drawing. At the time, it was the third-largest lottery jackpot in US history. The Speedway location received a $500,000 selling bonus from the Illinois Lottery.
What Happened Next
Payout choice: The winner chose the lump sum cash option of $780.5 Million, which after federal taxes (37% top bracket) and applicable state taxes results in a significantly reduced — but still life-changing — take-home amount.
Privacy: The winner chose to remain anonymous, claiming through a trust or LLC. Financial advisors generally recommend this approach to protect winners from solicitation, scams, and personal safety risks.
Source: https://www.illinoislottery.com/
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