The second- largest lottery prize in history was won by a single ticket in Illinois.
The most popular option among lottery winners is an immediate cash lump sum.
The full $1.28 billion prize can be taken before taxes are paid out over 29 years with 30 annual payments of $46 million.
The winner of the lottery would get $470.7 million if they chose the cash prize and $26.9 million a year if they paid taxes.
State and city taxes could be due by the winner.
This is the third time that the lottery has reached $1 billion. An anonymous resident of South Carolina was the winner of the lottery's largest ever prize. By matching all six numbers, you have a 1 in 302 million chance of winning the grand prize.
This is how much the $1 Billion Mega Millions winner will take home after taxes.
If you win the $1 billion lottery prize, do this.
The Mega Millions lottery winner will be richer than celebrities.