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$1B lottery ticket sold in Michigan, jackpot believed to be third-largest ever

Washington Examiner logo Washington Examiner 1/23/2021 Zachary Halaschak
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After months of an accumulating jackpot, a winning Mega Millions ticket was sold in Michigan for a whopping $1 billion prize.

The winner’s identity has not yet been made public, although the ticket itself was sold at a Kroger grocery store in Novi, Michigan, which is a suburb of Detroit. The winning numbers for the Friday night drawing were 4, 26, 42, 50, and 60, with the Mega Ball number of 24.

“Kroger congratulates the individual who purchased a winning Mega Millions lottery ticket at our location in Novi, Michigan,” a spokesperson with the chain told Fox News.

The prize is estimated to offer the third-largest payout in U.S. history, and the jackpot run for Friday’s draw has been going since Sept. 15, resulting in 36 other draws without a winner. It is believed to be the longest jackpot run in Mega Millions history.

The winner is required to come forward to claim the prize and has two different options to claim the money.

“The first is an escalating annuity that offers an initial payment, then annual payments for 29 years. The player also may select a one-time cash payment of about $739 million. If a player selects the cash option, they will receive about $530 million after tax withholdings,” the lottery said.

Tags: News, Lottery, Gambling, Michigan, Business

Original Author: Zachary Halaschak

Original Location: $1B lottery ticket sold in Michigan, jackpot believed to be third-largest ever

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