Lone winning ticket for $1.5 billion Mega Millions jackpot sold in South Carolina

Wednesday - 24/10/2018 10:17
The odds of winning jackpot are 1 in 302,575,350.

Lone winning ticket for $1.5 billion Mega Millions jackpot sold in South Carolinaoriginally appeared on abcnews.go.com

The sole ticket to a Mega Millions jackpot of over $1.5 billion, or a cash sum of almost $878 million, was sold somewhere in South Carolina, lottery officials said early Wednesday.

The person, or persons, holding that ticket remain unknown.

The prize for Tuesday night's drawing shattered the previous Mega Millions record jackpot of $656 million set in March 2012, but was just short of the record for all lotteries -- the Powerball jackpot of $1.586 billion set in January 2016.

"The moment we’ve been waiting for finally arrived, and we couldn’t be more excited," Gordon Medenica, lead director of the Mega Millions Group, said in a statement Wednesday morning. "We're so happy for the winner or winners, and we know the South Carolina Education Lottery can't wait to meet them."

The ticket holder, or holders, will have a choice between an estimated annuity value of $1.537 billion, paid in one immediate payment followed by 29 annual graduated payments, or the cash option of an estimated $877.8 million.

(MORE: If you win the Mega Millions $1.6 billion jackpot in some states, you can remain anonymous)

(MORE: Mega Millions lottery: Where does lottery money go in different states?)

PHOTO: Powerball and Mega Millions lottery tickets are displayed on Jan. 3, 2018 in San Anselmo, California. (Justin Sullivan/Getty Images, FILE)

PHOTO: Signs display the jackpots for Mega Millions and Powerball lottery drawings as customers line up at a store in midtown Manhattan in New York, Oct. 19, 2018. (Mike Segar/Reuters)

The numbers for this week's historic Mega Millions jackpot were announced late Tuesday night: 28, 70, 5, 62, 65, with a Mega Ball of 5.

The odds of winning jackpot are 1 in 302,575,350.

More than half of the big game's largest jackpots have been awarded to single ticket holders.

The windfall had been accumulating since July 24, when a group of 11 co-workers in California split a $543 million prize. For the next drawing on Friday, the jackpot will reset to its starting value of $40 million, or about $22.8 million in cash.

(MORE: Mega Millions Lottery: Benefits and drawbacks of office pools)

(MORE: $2B up for grabs in Mega Millions and Powerball lotteries)

PHOTO: People stand in line to purchase Mega Millions tickets in Washington, on Oct. 19, 2018, as the jackpot nears one billion dollars. (Jim Watson/AFP/Getty Images)

The winner could come forward as early as Wednesday morning, although some financial experts say it's best to remain anonymous, if possible.

South Carolina is one of a handful of U.S. states where winners aren't required to disclose their identity, joining potential winners in Delaware, Kansas, Maryland, North Dakota, Ohio and Texas, according to Maryland Lottery and Gaming.

"Our board has a policy to protect the winner because of all the risk associated with having that much money," William Hogan Brown, executive director of the South Carolina Education Lottery, told ABC's Gio Benitez in an interview Wednesday on "Good Morning America."

The winner has 180 days from Tuesday night's drawing to claim the massive prize, Brown said.

ABC News' Bopha Phorn contributed to this report.

 Keywords: Mega Millions

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