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To Minyvonne Burke and Kurt Chirbas
Someone's life has just changed forever.
A single profit ticket was sold in South Carolina for the record $ 1.6 billion Mega Millions jackpot prize, officials said early Wednesday.
The winning numbers were 5, 28, 62, 65 and 70, with a mega-ball of 5.  The extremely lucky individual winner has the opportunity to take a $ 904 million or annuity sum, with an initial payment , followed by annual installments over 29 years.
While the lump sum seems to be the better option for most people, experts caution that the winners should take a moment to speak with a financial adviser before they make a decision.
They also suggest that the winners seek advice from a lawyer, an accountant and a psychologist who can help them make good decisions a millionaire
"They assume that money makes you happy or cares But it does not make any money, "said financial planner Jim Shagawat," and it can cause tension with family and friends. "
Tuesday's jackpot was the biggest prize in the history of the US lottery, scarce Over 1.58 Billion Powerball in 2016 Three People from Tennessee, Florida and California Won
The last time that there was a Mega Millions winner was July 24, when a co-operative of 11 people in California won the Price of $ 543 million divided
The jackpot was very low – 1 in 302.5 million, to be exact.
But that did not stop people from playing. About 280 million cards were sold in the drawing last Friday, The Associated Press reported.
Until Tuesday night, tickets in California were sold 200 per second.
All potential winners will have 180 days to a year to claim the prize, depending on the state in which the ticket was purchased.
Jackpot winners can stay in eight anonymous states – Delaware, Georgia, Kan Sas, Maryland, North Dakota, Ohio, South Carolina and Texas. 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.
In general, taxes consume almost half of the profits. For winners of $ 5,000 or more, all states automatically deduct 24 percent in federal taxes, but state taxes vary widely. Some large states, including California, do not retain taxes on lottery winnings, and some like Texas have no individual income taxes at all. For others, the state takes a bite, especially in New York, where a winner would have to pay a state tax of 8.8 percent. New York City residents would pay an additional tax of 3.9 percent.
Associated Press contributed.