The winner has yet to come forward and claim the prize. That person clearly no longer has to worry about money.
A Kroger at 47650 Grand River Ave. in Novi sold a $1-billion Mega Millions jackpot ticket, the third largest lottery prize in U.S. history. The drawing was Friday night.
If you wonder, the winning numbers are 04-26-42-50-60 – and the Mega Ball 24.
The winner will have two options to collect the windfall. The first is an escalating annuity that offers an initial payment, then annual payments for 29 years. The player also could select a one-time cash payment of about $739 million.
The cash option pays about $530 million after tax withholdings.
The world record for a lottery jackpot is $1.5 billion. That Powerball jackpot was won on Jan. 13, 2016, and split between three tickets from California, Florida, and Tennessee.
Until Friday, the largest Lottery prize won by a Michigan player was a $337-million Powerball jackpot.