"Someone making $60,000 a year might need a certain type of professional manager and they may want to switch to someone who does ultra wealth.Use this Mega Millions number checker to find out if you have won any prizes in draws over the last 180 days. "You need a manager who specializes in this and understands this world," said Patel. Irwin said don't leave this unanswered you must take action to ensure the bulk of your estate goes to your beneficiaries rather than the government. There is also a question nobody wants to answer at that particular time: What happens to the money when you die? "I would suggest that you do that before you even set foot in a lottery office," the national lottery spokeswoman said. "What you're doing is using analytics to inform your spending."įrizzi-Babb agrees that talking to a financial planner is a good idea. "I would run a Monte Carlo market simulation," Patel said, explaining that this is an analysis of what a winner's annual income might be and what the proceeds from various investments might be. Pratik Patel, the head of Family Wealth Strategies at BMO Family Office in Chicago, said the winner should work with a financial planner to map out their future. "Take a Polaroid of you holding it and (put) it in a safe deposit box or somewhere else safe," she said. Irwin suggests a step further to survive a legal battle over ownership. If the winner loses an unsigned ticket and another person finds it and signs it, the ticket now belongs to them. That's because if the ticket hasn't been signed then it really isn't yours. One thing the winner must do immediately is sign the ticket. "There are scammers and others who follow big winners," she said, admitting that sudden wealth can put a lottery winner in physical danger. This is necessary to avoid being inundated with requests for money. "This is not the time to start calling everybody you know, saying, 'Hey, I have big secret. "We won't know whether it's an individual or its a lottery pool until the winner comes forward to claim their prize," National Mega Millions spokeswoman Danielle Frizzi-Babb said.Įmily Irwin, managing director, Advice & Planning, at Wells Fargo's Wealth & Investment Management, said Friday that the winner should consider keeping a low profile and resist going on an eyebrow-raising spending spree that everyone knows the winner cannot afford. And the winning ticket may have been bought by a group of people. Illinois is among the states where winners of more than $250,000 can choose to not reveal their names and Camelot Illinois spokeswoman Emilia Mazur said the vast majority of those winners do just that.Įven lottery officials may not know for a while who won because winners don't have to come forward straight away. The game is coordinated by state lotteries. Mega Millions is played in 45 states as well as Washington, D.C., and the U.S. A clerk at the Speedway store who answered the phone but declined to give his name, said the store has not been officially notified officially that it sold the winning ticket and that he learned about it from reporters calling for comment. The odds of winning the jackpot are 1 in 302.5 million.Īccording to the Illinois Lottery, the store that sold the ticket is a pretty big winner, too it will receive half a million dollars just for selling the ticket. National All your pressing Mega Millions questions, answered Earlier, Illinois Lottery officials had estimated the winning take at $1.28 billion. Most winners opt for the cash option, which for Friday night's drawing was an estimated $780.5 million. The $1.337 billion prize is for winners who choose the annuity option, paid annually over 29 years. That's 29 consecutive draws without a jackpot winner. It grew so large because no one had matched the game's six selected numbers since April 15. The jackpot was the nation's third-largest lottery prize. "We're eager to find out who won and look forward to congratulating the winner soon!" "We are thrilled to have witnessed one of the biggest jackpot wins in Mega Millions history," Ohio Lottery Director Pat McDonald, the current Lead Director for the Mega Millions Consortium, said in a statement on the lottery's website. A ticket bought in Illinois has the winning numbers for the Mega Millions jackpot, which reached $1.337 billion.ĬHICAGO - Someone in a Chicago suburb beat the odds and won a $1.337 billion Mega Millions jackpot.Īccording to, there was one jackpot-winning ticket in the draw Friday night, and it was bought at a Speedway gas station and convenience store in Des Plaines.
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