Winning ticket for $1.22 billion lottery jackpot sold in California, Mega Millions says

Winning ticket for .22 billion lottery jackpot sold in California, Mega Millions says


A customer plays Mega Millions lottery at the Downtown Miami Souvenirs store on December 26, 2024 in Miami, Florida. 

Joe Raedle | Getty Images

At least one Mega Millions player has plenty of dough to ring in the New Year after drawing the winning number. After three months without anyone winning the top prize in the lottery, a ticket worth an estimated $1.22 billion was sold in California for the drawing Friday night, according to the Mega Millions website.

The California Lottery said the winning ticket was sold at Circle K (Sunshine Food and Gas) on Rhonda Road in Cottonwood, about 150 miles (240 kilometers) north of Sacramento. The winning ticket matched the white balls 3, 7, 37, 49, 55 and the gold Mega Ball 6. Ishar Gill, a son of the store owner, said the winning ticket was “a blessing” for the small rural town of roughly 6,000 people. The identity of the winner or winners was not immediately known.

“We don’t have the slightest clue of who may have won it or who may have sold it,” Gill told The Associated Press. “But congratulations to the winner.”

The total amount of the Mega Millions jackpot would only be distributed to a winner who chooses an annuity paid over 29 years. Nearly all grand prize winners opt to take a cash payout, which for Friday night’s drawing is an estimated $549.7 million.

Despite the game’s long odds of 1 in 302.6 million, players continued to purchase tickets as the size of the grand prize grew. Until Friday, the last time a Mega Millions player hit the top prize was Sept. 10.

The largest-ever Mega Millions jackpot ticket worth $1.6 billion was sold in Florida in August 2023. Two prizes for its compatriot Powerball lottery have been larger.

Mega Millions and Powerball are sold in 45 states, as well as Washington, D.C., and the U.S. Virgin Islands. Powerball also is sold in Puerto Rico.

Mega Millions ticket prices are set to rise from $2 to $5 in April. The increase will be one of many changes that officials say will result in improved jackpot odds, more frequent giant prizes and even larger payouts.



Source

UK inflation falls sharply to 3.2% in November, fueling likelihood of Christmas rate cut
World

UK inflation falls sharply to 3.2% in November, fueling likelihood of Christmas rate cut

Shoppers walk past shops on Regent Street on the final weekday before Christmas in London on December 22, 2023. Henry Nicholls | Afp | Getty Images The U.K.’s inflation rate cooled sharply to 3.2% in November, boosting the chances of the Bank of England cutting interest rates at its final meeting of the year on […]

Read More
‘Orwellian’: Ben & Jerry’s founder tells CNBC he’s alarmed by Magnum’s board overhaul
World

‘Orwellian’: Ben & Jerry’s founder tells CNBC he’s alarmed by Magnum’s board overhaul

(L-R) Ben Cohen and Jerry Greenfield, co-founders of Ben & Jerry’s, partnered with MoveOn to hand out free ice cream at Franklin Square in Philadelphia during their Scoop The Vote tour to get-out-the-vote for Vice President Kamala Harris and Democrats down the ballot on September 16, 2024 in Philadelphia, Pennsylvania. Lisa Lake | Getty Images […]

Read More
European markets head for soft open as sentiment falters
World

European markets head for soft open as sentiment falters

European stocks are expected to open broadly flat on Wednesday as investors gear up for central bank decisions. Source

Read More