Somebody's day just got better in Illinois with a staggering $560 million Mega Millions jackpot win. This comes after 19 draws without a winning number sequence.
The lucky winner must now choose between 30 annually-increasing payments over 29 years or a lump-sum cash value of $264 million.
This jackpot is the 25th-largest lottery prize in U.S. history and the 41st-largest cash value ever awarded. It also ranks as the 9th-largest Mega Millions jackpot.
Remarkably, this is the first Mega Millions jackpot in Illinois won through an online purchase. Previous winners bought their tickets in person.
Illinois state policy allows lottery winners to remain anonymous, so the winner s identity may never be known. However, noticeable lifestyle changes might give them away.
The winner's choice will have significant financial implications. The lump-sum option provides immediate substantial wealth, while the annuity offers a steady income over 29 years.
Federal and Illinois state taxes will significantly reduce the take-home amount. The lump-sum payment post-taxes will be $153.3 million, while the annuity payments will total approximately $326.3 million over time.
This incredible windfall will dramatically change the winner's life, providing financial security and the potential for luxurious indulgences.