What all lottery players should know if they win nearly $1B Mega Millions, Powerball jackpots

What all lottery players should know if they win nearly $1B Mega Millions, Powerball jackpots

Includes video file

One fortunate winner might be hours clear of taking house probably the most greatest jackpots in Mega Millions or Powerball historical past.

In greater than two months with no winner, each the Mega Millions and Powerball jackpots have rolled over to an estimated blended overall of nearly $1 billion.

The Mega Millions jackpot stands at $445 million, with a $277 million lump-sum choice. The Powerball jackpot has reached $550 million, which is a $347.nine million lump-sum payout.

If any person hits each jackpots the haul can be a whopping $995 million, the second-biggest payout in lotto historical past.

The easiest factor a winner can do is keep nameless, monetary adviser and CPA Kurt Panouses, who helped a Florida couple that received a portion of the most important jackpot ever, mentioned.

“The initial concern of the ticket is probably the most important part of the planning aspect,” Panouses mentioned. “What the individual should do is protect the ticket, keep it safe, put it in a safe place, but do not sign the back of the ticket.”

“Whoever signs the back of the ticket is the individual that has to claim the ticket and the proceeds,” Panouses defined.

Panouses additionally urged making a duplicate of the price ticket and getting a tax skilled and an legal professional to assist organize the finances and be offering funding recommendation.

“The tax rate is the highest rate it’s been at. In 2018 it’s going to be 2.6 percent lower than in 2017. Again, if you’re talking about $300 million, that could be seven to eight million dollars of finances that someone could actually have in their pocket by claiming it in 2018,” he mentioned of the payout beneath the brand new tax regulation.

A bunch of 20 co-workers from the North American Stamping Group who received a $420.nine million Powerball jackpot in 2016 break up the winnings.

One of the ladies from the crowd has used the cash to pay it ahead to other folks in want, together with her personal circle of relatives, she mentioned.

“To see my family in better shape, it’s a blessing,” Amy O’Neal mentioned.

If there’s a winner, she or he may select an annuity to obtain 30 bills over 29 years or take a lump sum.

Experts recommend that players use the entire vary of numbers to be had and no longer restrict their possibilities by means of taking part in simply numbers akin to birthdays as a result of months have not more than 31 days and Powerball numbers cross as much as 69.

The greatest Powerball jackpot on document used to be a $1.586 billion prize in January 2016. People in California, Florida and Tennessee break up the prize.

The greatest Mega Millions jackpot in historical past used to be $656 million. Three winners from Kansas, Illinois and Maryland shared that document prize in March 2012.

Powerball is performed in 44 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands. Mega Millions is performed in all the similar jurisdictions aside from Puerto Rico.

The subsequent Mega Millions drawing is this night at 11 p.m. ET. The subsequent Powerball drawing is Saturday at 10:59 p.m. ET.

VIDEO: Watch the file

mxA-xfpFc7ILotto winners percentage guidelines as Powerball, Mega Millions succeed in nearly $1BOne fortunate winner might be hours clear of taking house probably the most greatest jackpots in Mega Millions or Powerball historical past.T02M40Shttp://todaylotteryresult.net/wp-content/uploads/2018/01/what-all-lottery-players-should-know-if-they-win-nearly-1b-mega-millions-powerball-jackpots.jpghttps://youtu.be/mxA-xfpFc7I2018-01-05T08:46:00-05:00

Updated: January 5, 2018 — 6:54 pm

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