The founder of Raising Cane’s Chicken Fingers purchased 50,000 Mega Millions tickets this week, for the hefty price tag of $100,000.
If any of Todd Graves’ tickets are a winner, he says he’ll split the jackpot among his 50,000 Raising Cane’s employees.
The winnings are up $810 million — that’s $470 million in a cash option.
The fine print: Those who choose cash would be subjected to 24% federal tax taken out, CNBC reports, which would mean a $357 million payout. That’d buy eight of Jay-Z and Beyoncé’s private jets, with some money left over.
The next drawing is at 10 p.m. Tuesday, July 26. It’s the country’s fourth-largest lottery drawing.
“As soon as we heard how big this jackpot prize is, we couldn’t miss out on the chance to win the Mega Millions jackpot and share it with our crew, who always stand together,” Graves said in a statement.
“None of what we do at Cane’s would be possible without our crew, which is why we are always looking for ways to bring them a little extra fun, and if we’re lucky, a surprise on Wednesday morning.”
(Here’s hoping there will be lawyers involved if that happens.)
Raising Cane’s is a Baton Rouge, Louisiana, company, though its rapid expansion to 35 states in the U.S. is headquartered out of Plano.
Graves is known for his generosity. He gave $1 million of his own money to 10 struggling businesses in 10 markets during the pandemic, on a show called Restaurant Recovery.
Mega Millions drawings are Tuesdays and Fridays at 10 p.m. Details here.