The $1.58 billion jackpot has found a winner.

In the US, the only winning Mega Millions jackpot ticket worth $1.58 billion was sold in Florida.

"After 31 draws without a winner, a lucky lottery ticket holder in Florida will celebrate the summer of 2023 with a record-breaking MEGA jackpot, estimated at $1.58 billion," the Mega Millions lottery company announced on August 8.

The winning numbers for the August 8th drawing were 13, 19, 20, 32, and 33, and the Golden Ball number was 14. Mega Millions stated that $1.58 billion is the estimated prize. If confirmed as the official prize, this would be the largest Mega Millions jackpot in history, surpassing the $1.537 billion jackpot in 2018.

This would also be the third largest lottery win in US history, after the $1.586 billion Powerball jackpot in 2016 and the $2.04 billion jackpot in 2022.

An advertisement for the $1.58 billion Mega Millions jackpot in the US. Photo: AFP

The winning ticket was sold at a Publix supermarket in Neptune Beach, Florida. The identity of the ticket holder is currently unknown. The winner can choose to receive a lump sum of $783 million or receive the entire prize in annual installments over 30 years, with the value increasing by 5% each year. Most winners choose to receive the money in a lump sum.

According to Forbes , if the winner chooses a lump sum payment, they will have to pay a mandatory 24% federal tax, resulting in a net amount of $595.3 million. Depending on the winner's income, the federal tax rate could also be as high as 37%, reducing the winnings to $493.5 million.

With a 30-year payout plan, the winner would receive an average of $33.1 million per month if a 37% federal tax rate is applied. Lottery winners in Florida are not required to pay state taxes.

Besides the jackpot winner, two people in Florida and North Carolina each won $2 million, and five others each won $1 million in the August 8th drawing.

Mega Millions tickets are sold for $2 in 45 states, Washington, and the U.S. Virgin Islands. The next Mega Millions drawing is on August 11th, with the jackpot returning to $20 million. The odds of winning the Mega Millions jackpot are 1 in 303 million, much lower than the 1 in 1 million chance of being struck by lightning.

Hong Hanh (According to AFP )

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