Whether or not the USA are or will be “great again” is a different topic. However they managed to pay out the largest ever single lottery win in history. Back in October the Jackpot at Mega Millions hit an all-time high of USD 1.5 billion! Four months later the winner claimed the money through a legal representative.
What is Mega Millions?
Mega Millions is one of the two American big jackpot lotteries. Back on 23rd October 2018 the jackpot reached a record amount. Players need to pick six numbers from two separate pools of numbers. Five numbers from 1 to 70 and one number from 1 to 25. The odds of having all 6 numbers correct is 1 in 302,575,350.
Winners have the option to cash out immediately or to receive an annuity. The second option spreads the payment to an immediate payment and 29 annual payments.
How much did he win?
Out of the jackpot amount the South Carolina based winner chose to have his winning paid out at once as a lump sum which reduced the winning to “only” $877,784,124 – poor fellow. If you think hitting a jackpot is already very lucky you haven’t heard the story of the winner:
While still unsure whether to play or not, the winner let another customer skip the line who also placed a Quick Pick Mega Millions ticket. While making decisions under time pressure usually doesn’t pay off, being in hurry never seemed to be such a bad choice as that time. We hope that customer never finds out he might have given away the winning ticket to save a minute.
Are Winnings tax free?
In the US lottery winnings are taxed. In the particular case the income tax amounted to $61 million. In the UK winnings from gambling are tax free. Nevertheless there is plenty of cash left. One could roughly buy:
- 115 Million Pints at your local pub
- 7.000 Porsche
- 100 Penthouses in Notting Hill
- Spend 4800 years on a cruise ship suite with your company
- Save your favourite Premier League Team by paying their debt (unless you are a Chelsea supporter as they owe allegedly over one billion to Abramovich)
What is the highest Casino Jackpot?
There are various types of casino jackpots. The ones with the highest payouts are usually progressive jackpots available in a network of operators. Cashino currently offers famous Blueprint jackpots like Genie Jackpot but also classic Playtech Jackpot slots like Frankie Dettori’s Magic Seven Jackpot, Gladiator Jackpot or Age of the Gods.
Jackpots usually start around GBP 50.000 but can quickly grow into 7 digit figures. Play jackpot slots at Cashino now!