Tue, 25 Jan | News
Michigan Group Bag Over $1 Billion
A Michigan lottery syndicate has come forward to claim a mind-blowing $1.05 billion Mega Millions jackpot, the largest prize ever won in the state and the third-largest ever in the U.S.
The four members of the group, going by the name “The Wolverine Club”, haven’t disclosed who bought the winning ticket, but it was bought at the Kroger grocery store at 47650 Grand River Avenue in Novi.
The ticket in question was a Quick Pick ticket, which hit all six winning numbers. The white balls were 4, 26, 42, 50 and 60. The Mega Ball was 24.
"A club member saw a sign that the jackpot was up to $1 billion and remembered that they hadn't bought their tickets yet, so they pulled into the Kroger," said the group's representative, Kurt D. Panouses, Esq. "When you play of course you dream of winning, but the reality of it has been incredible.
"This kind of money will impact the families of our club members for generations to come. We plan to stay humble and pay it forward through charitable giving in southeast Michigan."
The group has decided to take the winnings in the form of a single lump-sum payment of approximately $776 before taxes. They could have chosen an annuity that would have allowed them to collect the full advertised jackpot across several decades of yearly payments. After tax withholdings, the group received around $557 million.
The Wolverine Club members’ names have not been released. Under Michigan law, lottery winners cannot stay anonymous, however, winners can get around this by forming a company that receives the prize on their behalf, enabling them to protect their identities.
"This is a good group of people, I believe that they're going to do some great things, and they're going to be good stewards with these funds," said the group's representative, Kurt D. Panouses, Esq. "I expect some great things happening in their community, southeast Michigan especially, as they move forward with this because it's very important to them."