This fast-food restaurant’s founder bought a Mega Millions ticket for all 50,000 of his employees

THE COST OF THE FIRE — CAUSES UNDER INVESTIGATION. >> THESE ARE YOUR WINNING MEGA MILLIONS NUMBERS FOR THAT $830 MILLION JACKPOT. BIG LETTERS, NO BIG WINNERS. >> THAT MEANS THE JACKPOT IS GOING UP ONCE AGAIN. THE GRAND PRIZE IS NOW MORE THAN $1 BILLION. >> THE EYE-OPENER’S MATT REED IS LIVE FOR US THIS MORNING WITH THIS HISTORIC JACKPOT. >> I’VE GOT TO LOSING TICKETS RIGHT HERE. THOSE. TAKE A LOOK ALL THE WAY DOWN THERE, THAT’S THE NUMBER CATCHING SOME EYES THROUGHOUT THIS MORNING. YOU SEE AT THE BOTTOM THEY GOT THE FANCY SIGN HERE. THAT’S IS $1.02 BILLION. THIS IS THE THIRD-LARGEST MEGA MILLIONS JACKPOT IN THE GAME’S HISTORY. A TICKET WORTH $1.05 BILLION WAS SOLD IN 2021. THE MEGA MILLIONS JACKPOT IS WORTH SO MUCH BECAUSE THERE’S NOT BEEN A WINNER IN THREE MONTHS. LET’S HAVE A SERIOUS TALK ABOUT THE ODDS OF WINNING, THEY ARE TERRIBLE. A ONE IN 303 MILLION SHOT OF WINNING THIS. BUYING THAT TICKET HE NEEDS TO BE MONEY YOU CAN AFFORD TO LOSE. AS I MENTIONED THIS WILL BE THE THIRD LARGEST MEGA MILLIONS JACKPOT EVER PRAYED ACROSS ALL LOTTERIES. IT WOULD BE THE FOURTH. THE LARGEST LOTTERY OF ALL TIME U.S. WAS BACK IN 2016, 1.5 8 BILLION, THAT SITUATION THERE WAS THREE WINNERS. $1.1 BILLION, I’M WILLING TO SHARE OUR WINNINGS TOGETHER. WE SHOULD MAKE A PACT RIGHT NOW IF ONE OF US WINS IT WE ARE SHARING THE MONEY. DOUG

This fast-food restaurant’s founder bought a Mega Millions ticket for all 50,000 of his employees

Video above: Mega Million jackpot grows to $1 billionThe Mega Millions lottery jackpot grew to an estimated $1.02 billion Wednesday and players are testing their luck nationwide — including Todd Graves, the founder of fast-food restaurant chain Raising Cane’s.At $2 a ticket, Graves spent $100,000 and bought 50,000 tickets Monday, one for each of his 50,000 employees at the chicken chain with locations in 35 states.”Times are tough out there,” Raising Cane’s CEO AJ Kumaran told CNN. “(Employees are) seeing it at their gas stations and gas pumps, they’re seeing it on their grocery shelves … Things aren’t exactly easy these days, so when we saw there is a chance to not only have a little fun, but maybe win a little bit extra money for our people, we wanted to do it.”The $1.02 billion prize is for winners who choose the annuity option, paid annually over 30 years. Most winners opt for the cash option, which for the next drawing Friday night is an estimated $602.5 million.The estimated jackpot will be the nation’s fourth-largest lottery prize.”Buying 50,000 lottery tickets is harder than you think!” Graves wrote on Twitter. “Hoping to share the winning jackpot with our 50,000 @RaisingCanes Crew.”If any of the 50,000 tickets produce a winner, Kumaran said the prize will be distributed across all employees, calling it a “collective ticket for everybody.”The feedback from employees has been nothing but excitement and anticipation for the draw, Kumaran said.Tuesday’s numbers were: 07-29-60-63-66, Mega Ball: 15.The biggest Mega Millions jackpot was $1.537 billion on Oct. 23, 2018, and was sold in South Carolina, according to the lottery’s website. Only four Mega Millions jackpots have been won to date in 2022 — in California, New York, Minnesota and Tennessee.Since Tuesday’s draw didn’t produce a winner, Kumaran said the chain plans on playing again.”If there is no winner, we’re going to buy until there is a winner,” he said.

Video above: Mega Million jackpot grows to $1 billion

The Mega Millions lottery jackpot grew to an estimated $1.02 billion Wednesday and players are testing their luck nationwide — including Todd Graves, the founder of fast-food restaurant chain Raising Cane’s.

At $2 a ticket, Graves spent $100,000 and bought 50,000 tickets Monday, one for each of his 50,000 employees at the chicken chain with locations in 35 states.

“Times are tough out there,” Raising Cane’s CEO AJ Kumaran told CNN. “(Employees are) seeing it at their gas stations and gas pumps, they’re seeing it on their grocery shelves … Things aren’t exactly easy these days, so when we saw there is a chance to not only have a little fun, but maybe win a little bit extra money for our people, we wanted to do it.”

A Raising Cane's Chicken Fingers fast food restaurant sign, Thursday, May 26, 2002, in Monterey Park, Calif. (Kirby Lee via AP)

The $1.02 billion prize is for winners who choose the annuity option, paid annually over 30 years. Most winners opt for the cash option, which for the next drawing Friday night is an estimated $602.5 million.

The estimated jackpot will be the nation’s fourth-largest lottery prize.

“Buying 50,000 lottery tickets is harder than you think!” Graves wrote on Twitter. “Hoping to share the winning jackpot with our 50,000 @RaisingCanes Crew.”

If any of the 50,000 tickets produce a winner, Kumaran said the prize will be distributed across all employees, calling it a “collective ticket for everybody.”

The feedback from employees has been nothing but excitement and anticipation for the draw, Kumaran said.

Tuesday’s numbers were: 07-29-60-63-66, Mega Ball: 15.

The biggest Mega Millions jackpot was $1.537 billion on Oct. 23, 2018, and was sold in South Carolina, according to the lottery’s website. Only four Mega Millions jackpots have been won to date in 2022 — in California, New York, Minnesota and Tennessee.

Since Tuesday’s draw didn’t produce a winner, Kumaran said the chain plans on playing again.

“If there is no winner, we’re going to buy until there is a winner,” he said.

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