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New Jersey’s Newest Billionaire: The Astounding  $1.13 Billion Mega Millions Win That’s Shaking Up the Garden State!

New Jersey’s Newest Billionaire: The Astounding $1.13 Billion Mega Millions Win That’s Shaking Up the Garden State!

Saturday, March 30, 2024

Alright, picture this: some lucky soul in New Jersey has just nabbed themselves a whopping $1.13 billion from the Mega Millions lottery. It’s like the universe said, “Here, have all the money!” This monumental win came about after what seemed like an eternity of 30 draws with no big winner. Then, bam, draw number 31 and we’ve got a billionaire over here!

This isn’t just any old jackpot. It’s the biggest one ever in the Garden State. Imagine the previous record was a measly $533 million—chump change compared to this! And the winner? They've got a choice between an annuity, doling out cash over 29 years, or a lump sum of $525.8 million. I mean, decisions, decisions, right?

But let’s talk taxes because even lottery winners can’t escape the taxman. In New Jersey, they’re looking at coughing up 10.7% of their winnings. Still, that leaves them with either a net of $591.7 million if they go the annuity route or $280.9 million in cold hard cash.

The ticket that hit the jackpot was bought at a ShopRite Liquor in Neptune Township. The store’s getting a $30,000 pat on the back for selling the golden ticket. As for the winner? They’ve got a year to come forward and claim their fortune. And with New Jersey’s lottery winner anonymity law, we might never know who they are.

While the winner is probably trying not to pass out from shock, the rest of us are left dreaming about what we’d do with that kind of money. The lottery game, of course, goes on, with loads of smaller prizes still up for grabs in the next draw. So, who knows? Next time, the lottery gods might be looking at you. But let’s face it, with odds of 1 in 302.6 million, don’t quit your day job just yet!

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