The Mega Millions is now worth $184 million, but with a cash value of $123.9 million.

See where the winning ticket was sold for Mega Millions $1 billion jackpot. DES MOINES, Iowa (AP) — One winning ticket was sold in Michigan for the $1 billion Mega Millions jackpot, making it the third-largest lottery prize in U.S. history. The winning numbers drawn Friday are: 4, 26, 42, 50, 60 and a Mega Ball of 24.

Yes, if you match two Mega Millions numbers during the drawing, this means that you will walk away with some money, but you won’t win the jackpot. However, you will only win some money if you matched a yellow ball and a white ball. Matching two white balls won’t get you any winnings.

Bill Lawrence

Idaho

State-by-state Powerball jackpot winners

• Indiana: 39.
• Missouri: 31.
• Minnesota: 22.
• Kentucky: 18.
• Pennsylvania: 18.
• Wisconsin: 18.
• Louisiana: 17.
• Florida: 14.

He became an instant celebrity when he won a record $315 million jackpot in 2002. Andrew Whittaker Jr., whose life became rife with setbacks and tragedy after he won a record $315 million Powerball jackpot on Christmas night in 2002, has died. He was 72.

In 2009, his family declared him missing, and in January 2010 his body was found buried under a concrete slab in the backyard of an acquaintance….Abraham Shakespeare.

If a winner dies once the annuity policy paying out the monthly payments has started, the winner’s estate will receive a lump sum payment equal to the cost of the policy paid by Camelot, less any payments already made under the policy.

A Scunthorpe couple have defied incredible odds to win EuroMillions twice. David and Kathleen Long, who won £1M in July 2013, have now banked another £1M, and a dream car in the EuroMillions Mega Friday draw at the end of March.

If you played a single ticket every week in a lottery with 100 tickets, your odds are 1 in 100. After 50 weeks of playing, your odds are still the same. However, if you purchased 50 tickets at once, your odds are suddenly 1 in 2, which means you’re much more likely to win.

For lottery winnings, that means one of two things. You’ll either pay taxes on all the winnings in the year you receive the money — for winnings paid out as a lump-sum payment. Or you’ll pay taxes only on the amount you receive each year — for winnings paid as an annuity.

That prize remains the world’s largest lottery prize ever awarded on a single ticket, according to Mega Millions. The biggest lottery prize ever awarded in the United States was a $1.586 billion Powerball jackpot in 2016, according to The Associated Press.

Italian lottery SuperEnaLotto

You can give all the money away – but it’ll be your descendants / dependants that will have to meet any tax liabilities you create so you just need to be sure that any money you gift is matched by money set aside to meet any future tax bills.

Take Your Winning Lottery Ticket and Sign It Verify that you are the owner of the winning lottery ticket by signing it immediately (sign it on the back of the ticket). Keep it in a safe place – a bank safe deposit box will work, as will a home safe.

You can reduce your tax liability, however, with smart financial planning.

1. Payment Choice. Most lotteries allow winners to choose between taking a lump sum and receiving payment in annual installments.
2. Tax Brackets.
3. Capital Gains.
4. Charitable Gifts.

Taxes on one million dollars of earned income will fall within the highest income bracket mandated by the federal government. For the 2020 tax year, this is a 37% tax rate.

Where to Save Your Money If You Win the Lottery

1. Quick! Hide and Do Nothing.
2. Hire a Clue, Especially if You’re Clueless. Give yourself six months to a year to build a financial team, recommends Kiplinger Magazine.
3. Choose an Annuity or a Lump Sum. The lottery company pays annuities to winners because it makes the lottery winnings seem bigger.
4. Short Term Savings.

You can retire with $1 million dollars if you manage your withdrawals appropriately. The Rule of 4 says that you should withdraw no more than 4% of your total portfolio each year. Assuming you’re earning at least 4% in returns, you can effectively live off of interest-earned without touching your principal balance.

Take a deep breath and take your time. You have a set amount of time to turn in your ticket, so don’t run off to the lottery office first thing the next morning. Let yourself calm down, and then set to work carefully forming your team and plans before you contact the lottery officials. Protect your privacy.