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What happened to the billion dollar lottery winners?

What happened to the billion dollar lottery winners?

After the IRS took $186 million (24% tax rate) and the state of Michigan took $33 million (4.25% tax rate), the winners were left with $557 million, Panouses said. However, he said the IRS could collect an additional $101 million (13% tax rate) in April 2022, leaving a total of $456 million.

Did anyone claim the billion dollar lottery?

Four members of an Oakland County lottery club finally cashed in their $1 billion winning Mega Millions jackpot ticket bought in Novi in January. The Michigan Lottery revealed Friday the Wolverine FLL Club as winners of the third largest jackpot in U.S. history.

Where was the billion dollar ticket sold?

A winning jackpot ticket worth an estimated $515 million was sold in Pennsylvania, Mega Millions announced in a statement following Friday’s drawing.

Did Novi teachers win the lottery?

The $1.05 billion jackpot was the largest in Michigan Lottery history and the third-largest in the United States. Kroger said it would donate its $50,000 commission to the Food Bank Council of Michigan. There was much public speculation immediately after the drawing that a group of Novi teachers had won.

Who are the winners of the Mega Millions lottery?

NEW YORK (Reuters) – Gregory Baron, 24, and Ben Nelson, 27, on Monday were eagerly purchasing $2 tickets for the Mega Millions jackpot in hopes of winning the record-setting $1.6 billion prize and becoming among the richest people in the world.

How many lottery tickets were sold for Friday’s drawing?

About 280 million tickets were sold for Friday’s drawing, with about 60 percent of all winning number combinations covered, said Seth Elkin, a spokesman for the agency. Tickets sold for Tuesday’s drawing are expected to cover 75 percent of all possible number combinations, he said.

What to do with your money if you win the lottery?

At a minimum, your team should include a financial, legal and tax advisor to help manage your investments, tax planning, insurance and estate planning, among other important aspects of managing your wealth. Remember this: advisors can help, but only you are in charge of your money. And always sign all your checks (don’t outsource that role). 2.

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