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Montevideo, November 14th 2018 - 06:46 UTC

Three players (and the tax man) share largest lottery jackpot in US history

Sunday, April 1st 2012 - 08:06 UTC
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Winners could receive either a one-time payment of their share or take it in 26 annual instalment payments. Winners could receive either a one-time payment of their share or take it in 26 annual instalment payments.

The largest lottery jackpot in US history, 656 million dollars, will be shared by the buyers of three winning Mega Millions tickets in Illinois, Kansas and Maryland - but their identities remained a mystery, lottery officials said on Saturday.

A pre-dawn call alerted Denise Metzger, manager of a Motomart convenience store, to news from lottery officials that her store had sold a winning ticket in the tiny farming community of Red Bud in southern Illinois, with less than 4,000 residents, about 30 miles southeast of St. Louis.

“I screamed, I woke my husband up,” said Metzger, whose retail outlet will receive 500,000 for selling a winning ticket.

The Mega Millions lottery created a stir across the country, with people rushing to buy the one dollar tickets in time for a shot at the humongous jackpot. In all, more than a billion tickets were sold.

At least two of the winners' tickets were “quick picks” - meaning all six numbers of the Mega Millions lottery computer selected the lucky numbers announced at the drawing Friday night in Atlanta: 2-4-23-38-46 and Mega Ball 23.

Lottery officials said winning tickets were purchased at a ‘7-Eleven’ store in Milford Mill, Maryland, near Baltimore and the Motomart convenience store in Red Bud. The Kansas Lottery said a winning ticket was sold in the most populated north-eastern part of the state but did not give the precise location.

Winners could receive either a one-time payment of their share or take it in 26 annual instalment payments.

The three tickets each were worth more than 213 million before taxes, if the payout was over 26 years. If taken in a lump sum, the windfall would be about 105.1 million, officials said.

“Each of the winners gets 105.1 million in cash after taxes roughly, but who cares about pennies at this point?” said Carole Everett, spokeswoman for the Maryland Lottery.

No matter who wins the jackpot, one certain winner is the US Internal Revenue Service. The tax-collecting agency subjects lottery winnings of more than 5.000 dollars to a 25% federal withholding tax.

In addition to the three jackpot winners, there were three tickets that matched the Mega Ball number to win 1 million dollars each and 158 tickets that picked five of the six chosen numbers to win 250.000 dollars each, said Kelly Cripe, spokeswoman for the Texas Lottery, which oversaw the Mega Millions game.

The previous largest Mega Millions jackpot was 390 million in 2007, which was split between two ticket holders in Georgia and New Jersey.

About half the lottery money goes back to ticket holders in the form of winnings, 35% to state governments and 15% to retailer commissions and lottery operating expenses.
 

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