MEGA Millions players have been urged to check their tickets as a $2 million prize still remains up for grabs.
The ticket was bought ahead of the draw on Friday and one player in Texas struck gold.
GettyA ticket worth $2 million has not yet been cashed in[/caption]Mega Millions bosses revealed that the slip was bought at a Ballpark Beverage convenience store in Arlington – located around 17 miles from Dallas – as reported by The San Antonio Express-News.
The player matched five numbers meaning they were just one digit out from landing the Mega Millions jackpot.
They defied odds of one in 12.6 million to land the prize.
On Friday, the Megaplier option was two.
Players must fork out an extra $1 on top of their ticket to take advantage of the option.
Gamblers who bought Mega Millions tickets and spent an additional $1 would have seen non-jackpot prizes doubled.
The player has 180 days from the draw date to claim their prize or their fortune will expire.
Despite the Texas gambler’s near miss, the jackpot was not won.
This means it has rolled over to $44 million.
It has an estimated cash prize of $19.5 million.
This year has already seen one gambler win the Mega Millions jackpot.
The feat was achieved by a player in Arizona who landed the prize on January 17.
They hit a $112 million jackpot, which has a cash value prize of $49.95 million.
It was the first jackpot win in Arizona since 2021, according to Mega Millions bosses.
Arizona has been part of the Mega Millions since 2010 and there have been three jackpot winners in the state.
But the winner will face a tricky choice when they come forward and claim their prize.
They will be able to take home a lump sum, which is less than half of the jackpot pot.
Or, they can receive their prize in installments known as the annuity.
In Arizona, gamblers have 180 days to come forward and claim their winnings.
APAn Arizona player landed the jackpot earlier this month – the game’s first jackpot win of the year (stock)[/caption]Lottery winnings: lump sum or annuity?
Players who win big on lottery tickets typically have a choice to make: lump sum or annuity?
The two payout methods can impact how much money you get from your prize.
Annuities pay out slowly in increments, often over 30 years.
Lump sums pay all at once but in a smaller amount, as taxes are withheld in one go. That means 24% of your prize goes to Uncle Sam right away. Many states tax winnings as well.
Annuities can provide winners time to set up the financial infrastructure required to take in a life-changing amount of money, but lump sums have the benefit of being taxed only once.
Inflation is also worth considering when making a choice, as payouts do not adjust with the value of a dollar. That means that you’ll likely be getting less valuable money towards the end of an annuity.
Each state and game pays out prizes differently, so it’s best to check with your state’s lottery to confirm payment policies. A financial advisor can also help you weigh the pros and cons of each option.
Experts have varying opinions on whether to take the lump sum or take the annuity.
This is a developing story…
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