Mega Millions – The News Desk

Mega Millions winner sues mother of child for blabbing about jackpot

16Nov

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Health

Mega Millions winner sues mother of child for blabbing about jackpot

A recent Mega Millions winner is suing the mother of his child, alleging she violated a nondisclosure agreement when she told his parents about his $1.35 billion jackpot. The Maine man, identified in a lawsuit filed Tuesday as John Doe, beat the stupendous odds and claimed the Mega Millions prize — the fourth largest in the lotto’s history — back in January. He purchased the ticket at Hometown Gas & Grill in Lebanon and opted to cash out with a lump-sum payment of $723,564,144, or nearly $500 million after taxes. According to the lawsuit, initially obtained by the Daily Beast on Wednesday, John Doe learned that his mother’s daughter, listed as “Sarah Smith” in court documents, spilled the beans during “one or more telephone communications” with his father and stepmom back in September...

Powerball jackpot climbs to $1.72 billion; what can you purchase with all of the money?

12Oct

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Money

Powerball jackpot climbs to $1.72 billion; what can you purchase with all of the money?

HOUSTON – The Powerball Jackpot continues to climb! After no one won Monday’s jackpot, the grand prize has grown to an estimated $1.72 billion.If you won, how would spend all of the money?Lottery fever is once again in the air, and you could be the lucky person who cashes in a whole lot of money!“First thing I would do is invest, second thing I would do is pay off my student loans, third thing I would do is pay off my mortgage, fourth thing I would do is buy my mom a house,” one man said.“I will probably start my own studio, a dance studio or give away some money, I don’t know,” one person said.How about purchasing a sweet ride? KPRC stopped by the Private Club Motors and Exotics off the Southwest Freeway and spotted a 911 Turbo S Porsche.If you won the lottery, you could purchase the car...

Mega Millions is up to $1.58B. Here’s why billion-dollar jackpots are now more common.

13Aug

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Money

Mega Millions is up to $1.58B. Here’s why billion-dollar jackpots are now more common.

The fortune of a lifetime is waiting to be claimed by a lucky winner in the Mega Millions lottery, which has ballooned to a record $1.58 billion. If it seems like such massive jackpots are occurring more frequently these days, it's not your imagination.Including Tuesday's upcoming drawing, there have been about half a dozen jackpots that have exceeded $1 billion during the past five years, according to College of the Holy Cross economics professor Victor Matheson. And the huge winnings aren't happening by chance, Matheson told CBS News earlier this year. The Multi-State Lottery Association (MUSL), a not-for-profit that coordinates the Mega Millions, has engineered the game to generate even larger sums, he noted. "Number one, it's now a nation-wide lotte...

Mega Millions jackpot grows to $1.58 billion before drawing

9Aug

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Money

Mega Millions jackpot grows to $1.58 billion before drawing

Mega Millions jackpot rises to $1.58 billion Mega Millions jackpot rises to $1.58 billion 01:54 The jackpot for Tuesday night's Mega Millions drawing increased to an estimated $1.58 billion, lottery officials announced. The cash option also grew to an estimated $783.3 million before taxes.The jackpot stands to be the largest in the game's history and the third largest in U.S. history. The winner will have a chance to pick between the lump-sum...

Mega Millions jackpot for Tuesday’s drawing increases to estimated $1.1 billion

2Aug

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Money

Mega Millions jackpot for Tuesday’s drawing increases to estimated $1.1 billion

Mega Millions jackpot soars to $1.1 billion Mega Millions jackpot soars to $1.1 billion 00:20 The Mega Millions jackpot has increased to an estimated $1.1 billion, officials announced hours ahead of Tuesday night's drawing. The grand prize was initially estimated to be $1.05 billion after no one matched all six numbers in Friday night's drawing.Whoever wins the jackpot has the option to collect it as an annuity or a one-time cash payment. The...

Where the money goes and a buyer warning – NBC Los Angeles

1Aug

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Money

Where the money goes and a buyer warning – NBC Los Angeles

With dreams of winning $1 billion, it’s easy to get carried away when you’re at the register purchasing Mega Millions lottery tickets. There are two sides to the coin. We're learning how much that’s generating for local schools, but also how many people may be spending beyond their means. About 80 cents of every two-dollar Mega Millions ticket sold goes to public schools in California– that's kindergarten through college. Since there has been no Mega Millions winner since April, the sales have built up quite a coffer. Sales of Mega Millions since April and through the close of Friday night’s draw have totaled $175.1 million with an estimated $70 million earmarked to education, according to a spokesperson from the California Lottery. And, that’s not cou...

Powerball winning numbers revealed for estimated billion-dollar jackpot

20Jul

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Money

Powerball winning numbers revealed for estimated billion-dollar jackpot

The winning numbers for Powerball's estimated billion-dollar jackpot were drawn Wednesday night. The numbers are 7, 10, 11, 13 and 24, with a Powerball of 24.If someone matches all six numbers, they'll get to pick either an estimated lump sum payment of $516.8 million or an annuity.The jackpot has been swelling since April 19, when a ticket bought in Ohio won a $252.6 million jackpot. Before Wednesday night's drawing, no one matched the five white balls and red Powerball in the past 38 chances to win. The billion-dollar grand prize is the third largest in the game's history since it started in 1992. Last year, a single ticket sold in California won the world record jackpot of $2.04 billion, and the game's second-largest grand prize of $1.586 billion was...