How winning $1.6 billion in Mega Millions could still lead to bankruptcy
- Written by Jay L. Zagorsky, Adjunct associate professor, Boston University
The U.S. Mega Millions lottery jackpot swelled to a record US$1.6 billion after the 25 drawings held since the end of July – including the latest on Oct. 19 – failed to yield a winner.
That ties it for the largest lottery grand prize the world has ever seen. The jackpot for the rival Powerball game also reached $1.6 billion in 2016.
The o...
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