Jim Garrity - Public and Legislative Affairs Manager, AAA East Central
Dr Larry Davis - Dean Emeritus/ Director of the Center on Race and Social Problems at the University of Pittsburgh
Michael Holahan/The Augusta Chronicle via AP
South Carolina Convenience Store Sold $1.537 Billion Ticket
COLUMBIA, S.C. (AP) — A flimsy little piece of paper that crossed the counter of a convenience store on a country road in South Carolina is now worth $1.537 billion, so lottery officials could hardly be blamed Wednesday if their excitement seemed colored by anxiety.
They said a single ticket sold at the KC Mart in Simpsonville, South Carolina, matched all six numbers to win the Mega Millions jackpot. And unless the winner chooses to come forward, the world may never know who bought the ticket that matched all six numbers drawn Tuesday night.
"Our message to the $1.5 BILLION #Mega Millions jackpot winner: Sign the back of the ticket, place the ticket in a safe location, speak with a trusted advisor and CALL THE LOTTERY at 1-866-736-9819. Take a deep breath and enjoy the moment!" the South Carolina Education Lottery tweeted.
An earlier Mega Millions estimate of $1.6 billion would have been a world record for lotteries, but actual sales came in below the $1.586 billion Powerball jackpot prize shared by winners in California, Florida and Tennessee in January of 2016.
"The final total was less than the $1.6 billion estimate," confirmed Carol Gentry, a spokeswoman for the Maryland Lottery, which leads a consortium of state lotteries participating in the Mega Millions jackpot.
Related: PA Lottery Paid Out $2.7 Billion In Prizes Last Fiscal Year
"Estimates are based on historical patterns," she explained Wednesday morning in a phone interview with The Associated Press. "The jackpot's been rolling since it was hit in July in California, but there are few precedents for a jackpot of this size. Typically, about 70 percent of sales occur on the drawing day, so forecasting precise numbers in advance can be difficult. That's why we always use the term estimate."
The ticket is worth about $877.8 million in a lump-sum cash payment, which most winners choose to take, rather than collect the full amount in annual payments over three decades.
South Carolina is one of eight states — along with Delaware, Georgia, Kansas, Maryland, North Dakota, Ohio and Texas — where winners can remain anonymous. The winner also has up to 180 days to claim the prize.
"Our board has a policy to protect the winner because of all the risk associated with having that much money," South Carolina Education Lottery Director William Hogan Brown told ABC's "Good Morning America."
South Carolina's previous record-holder — someone who bought a $400 million Powerball ticket in the Columbia area in 2013 — never wanted to be identified.
Holli Armstrong, spokeswoman for the South Carolina Education Lottery, said the retailer will get a $50,000 payout. A news conference at the KC Mart was planned for later Wednesday.
The biggest Mega Millions jackpot winner prior to this was a $656 million ticket sold back in 2012, Gentry said, "so it's a record for Mega Millions and it came very close to breaking the world record of all the jackpots."
The winning numbers were 5, 28, 62, 65, 70 and Mega Ball 5. The lucky player overcame miserable odds: The chance of matching all six numbers and winning the top prize is 1 in 302.5 million.
Mega Millions is played in 44 states as well as Washington, D.C., and the U.S. Virgin Islands.
It will likely be days or even weeks before the ticket-holder steps forward to claim the prize.
Lottery officials and financial managers encourage people to take time to map out a strategy for investing their hundreds of millions of dollars, and winners must deal with security concerns befitting someone who suddenly is immensely wealthy. Depending on the state, winners have from 180 days to a year to claim their prize.
The Mega Millions jackpot grew so large because it had been nearly three months since a player had matched all six numbers and won the top prize. The last time that happened was July 24, when 11 co-workers from California won a $543 million prize.
Although Tuesday's jackpot was extraordinarily large, it's no fluke. It reflects a trend toward ever-growing lottery prizes due to changes in the game that worsened the odds with hopes that bigger jackpots would result in better sales.
Officials with the Powerball game were the first to make that move in October 2015 when changing the odds of winning the jackpot from 1 in 175 million to 1 in 292.2 million. Mega Millions followed suit in October 2017, resulting in the odds worsening from 1 in 259 million to 1 in 302.5 million.
While most attention has been on the Mega Millions game, Powerball also has been soaring. The estimated prize for Powerball's annuity option in Wednesday night's drawing is $620 million, with a cash prize of $354.3 million.
Warren contributed from Atlanta.