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Founder of Raising Cane’s buys $100,000 in Mega Millions lottery tickets

If he wins the $810 million payout, he says he’ll share it with employees.

Raising Cane's Chicken Fingers
Raising Cane’s Chicken Fingers founder Todd Graves (right) visits with employees at their Plano office. Graves is hoping he wins the Mega Millions — and odds are better than most: He purchased an incredible 50,000 tickets, one for each employee.(Tom Fox / Staff Photographer)

By Sarah Blaskovich

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 to $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.

Stephanie Talton
Stephanie Talton, of Des Moines, Iowa, holds her Mega Millions lottery ticket on Monday, July 25, 2022, in Des Moines, Iowa. The payoff for Tuesday night’s drawing is an estimated $810 million, the nation’s fourth-largest jackpot.(Charlie Neibergall / ASSOCIATED PRESS)

“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.”

Raising Cane’s is a Baton Rouge, La., 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.

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