This is the third-largest lottery prize in U.S. history, worth $1.34 billion. The winning ticket was purchased at a Speedway gas station outside Chicago
Jackpots were shared between two winners. Officials say the winners want to remain anonymous but are overjoyed
Legal and financial advisors have supported the winners' claim process for nearly two months.
The highest federal income tax bracket 37%, would apply to a lump sum payout of $780.5 million.
Illinois' 4.95% state tax would also clean shaved $38.6 million.
In total, there are about $453 million in payouts between the two winners, or about $250 million each.
In spite of lower payouts and upfront taxes, lump sum payments are popular. Kevin O'Leary says more cash upfront means more investment and development.
According to MegaMillions.com, the odds of winning Mega Millions are 1 in 302.5 million.