VA
  • TGT on YouTube
  • About TGT
  • The TGT Team
  • How TGT rates
  • Responsible Gambling Advice
  • Contact Our Team
  • Writers Wanted
  • Content Disclaimer
  • Affiliate Disclosure
Contains commercial content
Billboard Left
Billboard Left
The Grueling Truth - Where Legends Speak / Someone in Illinois wins the $1.337 billion Mega Millions Jackpot

Someone in Illinois wins the $1.337 billion Mega Millions Jackpot

Publish Date: 08/01/2022
Fact checked by: Mike Goodpaster
Video: Ticket Bought In Illinois Wins $1.337 Billion Mega Millions Jackpot

Ticket Bought In Illinois Wins $1.337 Billion Mega Millions Jackpot

The $1.337 billion Mega Millions jackpot has been won by someone in Illinois, making it the third-largest lottery prize in U.S. history. The matched ticket was sold at a Speedway gas station in Des Plaines, Illinois, about 17 miles northwest of Chicago.

The winning numbers were 13, 36, 45, 57, and 67, as well as a gold Mega Ball, according to lottery officials. Since the winner has yet to claim the prize. Harold Mays, Director of the Illinois Lottery, encourages people to check their tickets.

“We don’t know whether or not they even know that they won a prize,” Mays said at a news conference on Saturday. “So, I encourage everybody to check your ticket.”

The jackpot is the third-largest in American history, and the winner, who most likely paid around $2 for the ticket, will either receive $780.5 million in cash as a single payment or payments in an annuity over the next 30 years.

The question now is how much of that goes into the winner’s wallet and how much goes to taxes.

The New York Post reported that Illinois currently withholds 24 percent in federal taxes and 4.95 percent in state income taxes, though this may not be the total tax obligation, depending on the winner’s financial situation.

It means the winner should expect to pay at least nearly $226 million in taxes, reducing the take-home amount to around $554.5 million, which is still a potentially life-changing sum of money.

If the winner accepts the full $1.337 billion in annual installments and tax rates do not change over the next 29 years, an estimated $320.9 million in federal taxes and an estimated $66.2 million in state taxes will be withheld. That equates to a $949.9 million take-home pay over a 29-year period.

Nevertheless, the identity of the $1.337 billion Mega Millions jackpot winner may never be revealed due to an Illinois law that allows people who win more than $250,000 to keep their names hidden. The winner of the all-time high ticket, purchased in South Carolina in 2018 for $1.537 billion, has yet to be revealed too.

Read Also
Stories You Should Know: The Marichal Incident
John Roseboro was a really good player. A key element on the ...
Find the Stake.us Weekly Giveaway & Weekly Bonus Here
Sign up for an account at Stake.us and you’ll do more than ...
SI Sportsbook Promo
Illinois winner has yet to claim $1,34 billion Mega Millions jackpot
It has been nearly a month after the jackpot was announced, Mega ...
New York City deli sells $1 million lottery ticket, hopes winner to share the money
The employees at the New Way Deli & Lottery store at 77 ...
Mega Millions sees new lottery winner, hitting over $1 billion jackpot
On Friday night, a lottery player bought a Mega Millions lottery ticket ...
No winners yet, Mega Millions jackpot hits $1 billion mark
After no ticket matched all six winning numbers in Tuesday night's drawing, ...
Esteban de Jesus, Roberto Duran y AIDS (1972-89)
Many of us dream of celebrity sports fame, but only cruel individuals ...
Elmer Ray: The Humble Man of Hastings
"Men judge generally more by the eye than by the hand, for ...
Ranking the top 200 players in the NFL ahead of the 2021 season
This list isn’t based solely on performances from the 2020 NFL season. ...
The Forgotten Canadian Champion (And Maybe It’s Deserved): Billy Hawkins
As Mike Goodpaster and I prepare our popular Old-Time Boxing Show podcast, ...
Sportsbook of the month
SI Sportsbook - Get your Free Bet now! Get your Free Bet now!
Top Betting Sites
Top Betting Bonuses
SI Sportsbook
SI Sportsbook
SI Sportsbook Review
97/100
BetRivers.com
BetRivers.com
BetRivers.com Review
95/100
BetMGM
BetMGM
BetMGM Review
94/100
DraftKings
DraftKings
DraftKings Review
92/100
FanDuel
FanDuel
FanDuel Review
90/100
SI Sportsbook
SI Sportsbook Bonus
BET $20 GET $200 IN FREE BETS
T&Cs apply
9.7/10
First deposit only | 21+ & located in VA | Promo code as seen| A qualifying bet is $20 or more | Min odds of +120 or more | Free Bet Tokens credited after bet is settled and expire after 7 days | Free Bet stakes not included in winnings | Please Gamble Responsibly - Gambling Problem? VA: CALL 1-888-532-3500 | Full T&C apply
BetRivers.com
BetRivers.com Bonus
100% up to $500
T&Cs apply
9.5/10
BetMGM
BetMGM Bonus
100% up to $1000
T&Cs apply
9.4/10
DraftKings
DraftKings Bonus
20% up to $1000
T&Cs apply
9.2/10
FanDuel
FanDuel Bonus
$1000 No Sweat First Bet
T&Cs apply
9/10
Latest Sweepstake News & Promos
Show More
Our Team
Mike GoodpasterAuthor IconJosh SchwartzSamuel TeetsMark Lewis
+6
Mike Goodpaster
Mike Goodpaster
Chief Editor
Author Icon
Christopher Carlson
Content Writer
Josh Schwartz
Josh Schwartz
Editor
Samuel Teets
Samuel Teets
US Sports Veteran
Mark Lewis
Mark Lewis
Editor
Simon Briffa
Simon Briffa
Sports Editor
Chris Benedict
Chris Benedict
Editor
Author Icon
Malik Zorrok
Author
John Raspanti
John Raspanti
Author
Brian Coburn
Brian Coburn
Author
Peter Bonahoom
Peter Bonahoom
Author
Billboard Left
Billboard Left
Find out what the legends have to say about sports this week....

If you enjoy hearing from the legends of pro sports, then be sure to tune into “The Grueling Truth” sports shows, “Where the legends speak”

Contact us: [email protected]

Players must be 21 years of age or older or reach the minimum age for gambling in their respective state and located in jurisdictions where online gambling is legal. Please play responsibly. Bet with your head, not over it. If you or someone you know has a gambling problem, and wants help, call or visit: (a) the Council on Compulsive Gambling of New Jersey at 1-800-Gambler or www.800gambler.org; or (b) Gamblers Anonymous at 855-2-CALL-GA or www.gamblersanonymous.org.

Trading financial products carries a high risk to your capital, especially trading leverage products such as CFDs. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

This site is using Cloudflare and adheres to the Google Safe Browsing Program. We adapted Google's Privacy Guidelines to keep your data safe at all times.

ccww
Move to Top
Close
Our Sports Pros recommend these awesome Social Casino sites this week:
×
Your Bonus Code:
The bonus offer of was already opened in an additional window. If not, you can open it also by clicking the following link:
Visit Site