Here's What Happens if No One Claims the Mega Millions Jackpot
On July 29, a very fortunate individual won the $1.337 billion Mega Millions jackpot. The speedway in Des Plaines, Illinois, about 20 miles north of Chicago, sold the ticket for more than a billion dollars.
Actually, due to a surge in ticket sales, the prize, which was originally $1.28 billion, rose.
The second-largest prize in Mega Millions history was this enormous victory. It was only surpassed in the previous 20 years by the $1.537 billion ticket that was bought on October 23, 2018, in Simpsonville, South Carolina, at the KC Mart convenience store.
(The $1.586 billion Powerball prize in 2016 was the biggest jackpot in all time.)
the problem is, though. Nobody has claimed their prizes as of the time of publication. The winner often takes some time to claim a reward of this size, according to Harold Mays, director of the Illinois Lottery. They must be experiencing a variety of feelings, I'm sure.
Unclaimed lottery jackpots of millions of dollars are a real thing. According to reports, each year an estimated $2 billion in lottery winners go unclaimed.
The majority of them have jackpots between $1 and $5. But take into account the $77 million winning Powerball ticket that was purchased in Georgia in 2011 or the unclaimed $68 million Mega Millions ticket that was purchased in New York for the draw on December 24, 2002.
While it's too late for the big-ticket winners described above to claim their prizes, the holder of the winning Mega Millions ticket purchased at the Des Plaines Speedway has 12 months from the drawing date to claim their winnings.
(They only have 60 days to choose between accepting yearly payments or cash.)
Lotteries like the one in Illinois, which provides essential money to public elementary and high schools, ultimately result in a significant gain for the state. The Mega Millions lottery has generated $21 billion for state education spending since it launched in 1985.
We can't wait to congratulate the winner and are anxious to learn who won! Pat McDonald, the director of the Ohio lottery and the Mega Millions Consortium's Lead Director, spoke to Parade.com.
Better still, this amazing jackpot run has significantly increased the funds that our member lotteries have raised for charitable purposes.