Winning $432 million Mega Millions ticket was bought in a Manhattan pizza joint

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Fox News 22 September, 2021 - 01:56pm 40 views

What time is the Mega Millions drawing?

Mega Millions draws on Tuesdays and Fridays at 11 p.m. cleveland.comMega Millions winning numbers for Tuesday, Sept. 21, 2021; jackpot $432 million

Who won Mega Millions Sept 21 2021?

A lucky ticket holder in New York won the big Mega Millions® jackpot Tuesday night! A single ticket sold in that state matched all six numbers drawn September 21 – the white balls 36, 41, 45, 51 and 56, plus the gold Mega Ball 13 – to win the $431 million prize ($314.4 million cash). megamillions.comNew York Ticket Wins Mega Millions® Jackpot!

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WABC-TV 22 September, 2021 - 01:00pm

Mega Millions: September 21, 2021

News 19 WLTX 22 September, 2021 - 01:00pm

The $432 million Mega Millions jackpot has a winner. Here's how much will go to taxes

WABC-TV 22 September, 2021 - 10:47am

Whoever is holding the winning ticket for the $432 million Mega Millions jackpot is about to discover what a huge tax bill really looks like.

A single Mega Millions ticket sold in New York City matched all six numbers in Tuesday night's drawing to nab the top prize. While the windfall will be a life-changing bonanza, the advertised amount isn't what the winner will actually end up with.

Winners get to choose between taking their prize as either a lump sum or an annuity paid over 30 years. For the $432 million Mega Millions jackpot, the cash option — which most people go with — is $315 million.

However, before it reaches the winner, 24% — $75.6 million — will be withheld for federal taxes. More would likely be due at tax time (April 2022 for 2021 wins), due to the current top marginal income tax rate of 37%. (Be aware that there is an effort in Congress to increase that to 39.6%).

Then there are state and local taxes. In New York state, the withholding rate is 8.82% — which would mean another $27.8 million shaved off the top. Additionally, New York City grabs 3.876% — $12.2 million — for its own coffers.

After the tax withholdings — an aggregate $115.6 million — the winner would be left with about $199.4 million, not counting any additional amount due at tax time.

Despite the sizeable share that goes to taxes, the windfall is more than most people see in a lifetime. This makes it important to get professional guidance before heading to lottery headquarters. In New York, you get a year to claim your prize.

Generally speaking, the first call should be to an attorney experienced in assisting lottery winners, experts say. Other professionals also should be brought in to help, including a tax advisor and a financial advisor.

Be aware that although New York does not allow full anonymity when big lottery prizes are won, the winner may be able to set up a trust or limited liability company to claim the windfall, thereby keeping their name out of the public eye.

The winner also should make a copy of their ticket and store the original in a safe place (i.e., a lockbox or a bank safe deposit box). Additionally, it's worth sharing the news with as few people as possible, experts say.

Meanwhile, the Powerball jackpot is approaching the half-billion-dollar mark. For Wednesday night's drawing, the top prize is an estimated $490 million ($355.1 million cash). The Mega Millions jackpot has reset to $20 million ($14.5 million) for the next drawing, set for Friday night.

Your chance of hitting either game's jackpot with a single ticket is miniscule. For Mega Millions, it's 1 in 302 million and for Powerball, 1 in 292 million.

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The $432 million Mega Millions jackpot has a winner. Here's how much will go to taxes

Gothamist 22 September, 2021 - 10:47am

Whoever is holding the winning ticket for the $432 million Mega Millions jackpot is about to discover what a huge tax bill really looks like.

A single Mega Millions ticket sold in New York City matched all six numbers in Tuesday night's drawing to nab the top prize. While the windfall will be a life-changing bonanza, the advertised amount isn't what the winner will actually end up with.

Winners get to choose between taking their prize as either a lump sum or an annuity paid over 30 years. For the $432 million Mega Millions jackpot, the cash option — which most people go with — is $315 million.

However, before it reaches the winner, 24% — $75.6 million — will be withheld for federal taxes. More would likely be due at tax time (April 2022 for 2021 wins), due to the current top marginal income tax rate of 37%. (Be aware that there is an effort in Congress to increase that to 39.6%).

Then there are state and local taxes. In New York state, the withholding rate is 8.82% — which would mean another $27.8 million shaved off the top. Additionally, New York City grabs 3.876% — $12.2 million — for its own coffers.

After the tax withholdings — an aggregate $115.6 million — the winner would be left with about $199.4 million, not counting any additional amount due at tax time.

Despite the sizeable share that goes to taxes, the windfall is more than most people see in a lifetime. This makes it important to get professional guidance before heading to lottery headquarters. In New York, you get a year to claim your prize.

Generally speaking, the first call should be to an attorney experienced in assisting lottery winners, experts say. Other professionals also should be brought in to help, including a tax advisor and a financial advisor.

Be aware that although New York does not allow full anonymity when big lottery prizes are won, the winner may be able to set up a trust or limited liability company to claim the windfall, thereby keeping their name out of the public eye.

The winner also should make a copy of their ticket and store the original in a safe place (i.e., a lockbox or a bank safe deposit box). Additionally, it's worth sharing the news with as few people as possible, experts say.

Meanwhile, the Powerball jackpot is approaching the half-billion-dollar mark. For Wednesday night's drawing, the top prize is an estimated $490 million ($355.1 million cash). The Mega Millions jackpot has reset to $20 million ($14.5 million) for the next drawing, set for Friday night.

Your chance of hitting either game's jackpot with a single ticket is miniscule. For Mega Millions, it's 1 in 302 million and for Powerball, 1 in 292 million.

Got a confidential news tip? We want to hear from you.

Sign up for free newsletters and get more CNBC delivered to your inbox

Get this delivered to your inbox, and more info about our products and services. 

Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes, and Market Data and Analysis.

Winning $432M Mega Millions ticket sold at N.Y.C. pizzeria

NBC News 22 September, 2021 - 08:20am

The ticket was bought at Pronto Pizza on 48th Street and 6th Avenue, steps from Rockefeller Center in Manhattan. The winning numbers were 36, 41, 45, 51, 56, with the Mega Ball number of 13.

The odds of winning were 1 in 302 million, according to the New York Lottery's website.

The winner will get to choose to cash out with the lump sum or receive payments spread over decades. The lump sum payout will total $315 million.

New York does not allow for winners of lottery prizes of this size to remain individually anonymous, but in 2019, a group of 23 people from Long Island anonymously collected funds from their $437 million ticket using an LLC.

A ticket sold in Connecticut also won $1 million in Tuesday night's drawing.

The last time someone won the Mega Millions was in June, in Crestwood, Illinois, according to the Mega Millions website.

New York has had other winners this year. A couple upstate won $96 million in February.

But the largest win this year came in January when a winning ticket worth more than $1 billion was sold in Michigan.

The Mega Millions jackpot will reset to $20 million, and the next drawing is Friday.

Mega Millions results for 09/21/21; 1 winner of $432 million jackpot

MLive.com 21 September, 2021 - 11:52pm

LANSING, MI – A single ticket sold in New York was the lone winner of the massive $432 million Mega Millions jackpot, for the drawing held on Tuesday, Sept. 21.

That means the drawing on Friday, Sept. 24 will be worth $20 million with a cash option of $14.5 million.

The Mega Millions numbers for Sept. 21: 36-41-45-51-56

The Gold Mega Ball: 13

The Megaplier: 3

· Along with the grand prize winner, one ticket sold matched all five white numbers drawn to win $1 million. That ticket was sold in Connecticut.

· That player did not play the Megaplier option which would have increased their winnings to $3 million.

· In Michigan, one ticket sold won $10,000 in the drawing. That was the largest prize won in the state.

· There were 474,639 tickets sold that won at least $4 in the drawing. In Michigan, 18,041 tickets sold won at least $4 in the drawing.

Mega Millions drawings are held Tuesday and Friday at 11 p.m. Five balls are drawn from a set of balls numbered 1 through 70; the Mega Ball is drawn from a set of balls numbered 1 through 25. The odds of winning the jackpot is 1 in 302 million.

Mega Millions is played in 44 states, plus the District of Columbia and the Virgin Islands. Tickets cost $2 each.

· The next Powerball drawing is Wednesday, Sept. 22 with an estimated jackpot of $490 million and a cash option of $355.1 million.

· The next Lotto 47 drawing is Wednesday, Sept. 22 at 7:29 p.m. with a jackpot of $1.85 million. Deadline is 7:08 p.m. that day.

· Wednesday’s Fantasy 5 jackpot is an estimated $115,000. The drawing is at 7:29 p.m. Deadline is 7:08 p.m.

For the latest on Michigan Lottery, check out the official Michigan Lottery site, which also offers more information on instant tickets, raffles and other lottery games.

The last players from Michigan to win a Mega Millions or Powerball jackpot is the Wolverine FLL lottery club which claimed a $1.05 billion jackpot in March. With their winnings, the group plans to give back to the community.

And while they were lucky winners, it’s smart for players to check their tickets immediately as a winner worth $1 million sold in Hartland in 2019 went unclaimed. The ticket was purchased at the Speedway in Hartland, but the winner never came forward to claim the prize. The money instead went to the state’s School Aid Fund.

If you’d like to be the next player from Michigan to win a huge lottery prize, take a look at these tips from lottery expert Richard Lustig. The author of “Learn How To Increase Your Chances Of Winning The Lottery” has won more than $1 million in Florida by winning top jackpot prizes in smaller games.

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