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Friday Night Mega Millions Pot Hits $ 1 Billion; Chicago players make plans when they get rich



The Mega Millions grand prize reached a staggering $ 1 billion on Friday night, and people in the Chicago area are looking at lottery machines for a chance to get rich.

It is the second largest lottery prize in US history and combines five other top 10 drawings in the last three years. The raffle is at 22 o'clock.

When the jackpot hit only $ 970 million on Friday, the Illinois Lottery raffled tickets in front of the Thompson Center in downtown Chicago.

A crowd crowded around a tent where the promotion took place. When the giveaway ended in the early afternoon, the lottery had given away 980 tickets, part of the more than 5,000 nationally awarded, according to Wendy Abrams, a spokeswoman for Camelot Illinois, the private firm that manages the Illinois Lottery

Tina Allen, of Chicago's South Side, was among the crowd hoping to get the winning ticket. "I could really use it now," she said.

Allen said she's been fighting breast cancer since January 201

7, and while the fortune would not cure her or speed her recovery, it would certainly make life easier. 19659002] "I would like to win and look after my children," she said.

Allen planned a new home for her three daughters and two sons. She did not think much about what it would look like or where it might be, just as she was thinking about the dream home she would get herself.

"I would like to live in Florida," she said. "In Miami, in a place with a balcony on the beach."

Karla Shaw of Chicago's Woodlawn district, who came too late to betray Thompson Center, said that if she got rich, she would have the money to pay off debt and then set up a community center for children and teenagers interested in theater and art

But with the chance to win the Mega Millions jackpot at 302.5 million, she did not hold much hope.

"What is the likelihood that someone will win here in Chicago?" She asked. "We do not know it."

Here are some answers for someone who holds this valuable lottery ticket:

I WON. NOW WHAT?

Lottery officials recommend that the winners breathe deeply, place their ticket in a safe place and consult with a reputable financial planner before joining the lottery headquarters. Your first decision is whether to take the cash option or an annuity with an initial payment and annual installments over 29 years. Almost all winners choose cash, but annuity benefits because it reduces the tax bill a little and provides a stable income stream that rises 5 percent annually.

HOW LONG DO I REQUIRE THE JACKPOT? [196592002] States have different rules, depending on where you bought the ticket, you have 180 days to a year.

DO I GET MY MONEY IMMEDIATELY?

No, you can not just redeem one of those oversized checks shown in all winning photos. The speed of payment also varies by state, but one or two weeks are common

CAN I KEEP MY NAME OFFICIAL?

Winners can remain anonymous in six states – Delaware, Kansas, Maryland, North Dakota, Ohio, and South Carolina. In Arizona, people who win more than $ 600 can keep their names secret for 90 days after receiving prizes, but then these names are publicly known. In Michigan, the winners are anonymous, unless they win Mega Millions or Powerball prizes.

WHAT ABOUT TAXES?

For winners of $ 5,000 or more, all states automatically deduct 24 percent from taxes, but state taxes vary widely] Melissa Labant, a tax policy expert with the American Institute of Certified Public Accountants, said the winners should recognize that the Tax is initially withheld when prizes are awarded but more money is due at tax time as people are suddenly 37 years old

WHAT ARE MY TAXES IF I DO NOT LIVE IN THE STATE WHERE I PURCHASED THE TICKET?

This can be complicated, but most pay taxes on where they bought the ticket and then can

The Top 10 Biggest US Jackpots

Here you see the 10 largest US Jackpots that were won and the states where the tickets were won were sold:

1. $ 1.6 billion, Powerball, January 13, 2016 (three cards, from California, Florida, Tennessee)

2. $ 758.7 million, Powerball, August 23, 2017 (a Massachusetts ticket)

3. $ 656 million, Mega Millions, March 30, 2012 (three tickets from Kansas, Illinois and Maryland)

4. $ 648 million, Mega Millions, December 17, 2013 (two tickets from California and Georgia)

5. $ 590.5 million, Powerball, May 18, 2013 (a ticket, from Florida)

6. $ 587.5 million, Powerball, November 28, 2012 (two tickets from Arizona and Missouri)

7. $ 564.1 million, Powerball, February 11, 2015 (three tickets from North Carolina, Puerto Rico and Texas)

8. $ 559.7 million, Powerball, January 6, 2018 (a ticket, New Hampshire)

9. $ 543 million, Mega Millions, July 24, 2018 (a ticket, California)

10. $ 536 million, Mega Millions, July 8, 2016 (a ticket, from Indiana)

The Associated Press contributed to

eolumhense@chicagotribune.com [Maltberg@chicagotribunecom

Twitter @essayolumhense

Twitter @ mattwalberg1


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