![Pinterest](https://pinterest.com/pin/create/button/?url=https://uknews.evprotec.com/mega-millions-lotto-historic-1-58billion-jackpot-winner-faces-losing-half-due-to-simple-rule/&media=https://uknews.evprotec.com/wp-content/uploads/2023/08/1_Largest-Mega-Million-Lottery-at-15-Billion-Oakland-USA-08-Aug-2023.jpg&description=The life-changing prize was the third largest in US lottery history and the largest-ever Mega Millions jackpot after the winning ticket was purchased at a Publix store in Neptune Beach, Florida The winner of the historic Mega Millions $1.58billion jackpot faces losing half of their staggering prize due to a simple rule. The life-changing prize - roughly equvivalent to £124billion in UK money - was the third largest in US lottery history and the largest-ever Mega Millions jackpot after the winning ticket was purchased at a Publix store in Neptune Beach, Florida, according to lottery officials. The odds of winning the Mega Millions is one in 302.6million, and the winning numbers were: 13, 19, 20, 32, 33, and the yellow megaplier ball 14. Previously, there had been 31 draws before the Mega Millions was eventually won on Tuesday night by a lucky winner, who has not yet been named. However, they face losing half of their jackpot as they have two options when claiming their prize. The winner can either choose to receive their payment as a lump sum or in 29 instalments. But if they opt for the lump sum, then the prize will be cut to around $783.3million. For all the latest on news, politics, sports, and showbiz from the USA, go to The Mirror US In addition, the winner could lose more than $187million as 24 percent will go to the federal government in taxes, according to Forbes. The Internal Revenue Service will also pocket another $101million as their winnings falls in the top tax bracket, which means the winner will be left with around $493million. However, Florida does not tax lottery winnings, unlike other states such as New York, but the only way the winner will receive the full jackpot is if they choose to take the annuity. Financial advisors had previously expressed their concern over lotto winners taking the lump sum option. Robert Pagliarini, from Pacifica Wealth Advisors, said it has its advantages, but also plenty of negatives. She told The Sun: "There's no do-ov){kind=link}
The life-changing prize was the third largest in US lottery history and the largest-ever Mega Millions jackpot after the winning ticket was purchased at a Publix store in Neptune Beach, Florida
The winner of the historic Mega Millions $1.58billion jackpot faces losing half of their staggering prize due to a simple rule.
The life-changing prize – roughly equvivalent to £124billion in UK money – was the third largest in US lottery history and the largest-ever Mega Millions jackpot after the winning ticket was purchased at a Publix store in Neptune Beach, Florida, according to lottery officials.
The odds of winning the Mega Millions is one in 302.6million, and the winning numbers were: 13, 19, 20, 32, 33, and the yellow megaplier ball 14.
Previously, there had been 31 draws before the Mega Millions was eventually won on Tuesday night by a lucky winner, who has not yet been named. However, they face losing half of their jackpot as they have two options when claiming their prize.