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LotteryFinancial

South Carolina lottery winner to pocket record $1.53bn

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.

MegaMillions

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.   

 

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