betconstruct.png
betconstruct.png
betconstruct.png
CLOSE
× Gambling News In-Depth iGaming Calendar Connections GI Friday Trafficology GI Magazine GGA 2017 AffiliateCon
NEWS 24 October 2018
South Carolina lottery winner to pocket record $1.53bn
By Matthew Enderby

A lottery player from South Carolina is the sole winner of a Mega Millions $1.53bn jackpot; a record for a single-win jackpot in the US.

The anonymous winner now has the choice of taking an $878m pay out in one single transaction, or spreading the total amount over 29 years and receiving payments of $52.7m per year.

The record US jackpot total was set in January 2016, but in that case, three Powerball tickets split a $1.58bn prize.

The jackpot had its single winner but 36 tickets tied for second place in the draw and 419 tickets won the third-place prize.

The accumulating prize was last won by a group of 11 co-workers on 24 July; at that point it had built to $543m.

Mega Millions was created in 2002 and has seen a number of changes to the rules over the years that have reduced the odds of winning, leading to larger jackpots.   

 

RELATED TAGS: Lottery | Financial
DISCUSS THIS ARTICLE
IN-DEPTH 10 December 2018
Tackling the issue of UK self-exclusion

Harrison Sayers asks three industry executives about self-exclusion in UK gambling. Jack Symons, founder of Gamban, tells us why he saw it necessary to create his own self-exclusion software. Tracy Damestani, Chief Executive, National Casino Forum, explains how SENSE has long looked after those looking to avoid land-based casinos. Fiona Palmer, CEO of GAMSTOP, gives an update into the effectiveness of the UK’s National Online Self Exclusion Scheme.

READ MORE
PREMIUM CONNECTIONS