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It's time to play the new Mega Millions The Millions are more Mega than ever! 01 and $5,000, you'll have to declare this amount on a Federal tax form so that the government is aware.

Jackpots start at a minimum of $40 million and there are eight more prize tiers rewarding players who match fewer numbers. With nine ways to win, Mega Millions is a $1 game thats filled with mega-fun. Roughly one in 75 quadrillion -- that's 15 zeros -- according to data scientists at Allstate.  To understand how unlikely those odds are, it's worth comparing them to the probability of other unlikely events.

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For example, for an advertised jackpot of $200 million, the initial payment would be approximately $3 million, with future payments growing to as much as $12. Most Mega Millions winner names are not released, but if one is, it would be listed on the Mega Millions website. For example: If 200,000,000 tickets are in play for a Mega Millions game, then there is a 0. The product of these is the number of ways you can get this configuration:  COMBIN(5,3) x COMBIN(65,2) x COMBIN(1,1) = 20,800.

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No other win is paid out, and some jurisdictions do not offer this option. Of course you get to pay taxes on any large payout, so your net return is even less. Mega Millions winning tickets in Florida and Maryland for $400M jackpot - Duration: 0:39. After that, depending on the jurisdiction you're in, you may have even more to pay back.

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97. (And you paid $3 for this privilege.)    Percentile Expected Returns on Ticket Purchases    The average return per $2. See how many times your favorite numbers have been drawn, and take your best guess of what will be drawn next. In January 1999, the number matrix was changed to five from 50 and one from 36, combined with the option of a lump-sum payout for jackpot winners. 00 ticket includes the extremely low probability that you might win a large prize � for example $10,000 or more. History[edit] The Big Game[edit] The Big Game logo prior to the Mega Millions name change. Megaplier differs from Power Play in that the odds for each Megaplier possibility are not uniform.[19] Megaplier wagers made for drawings from September 12, 2010 through October 18, 2013 that won second prize (then $250,000) were automatically elevated to 4x, winning $1 million. The jackpot prize shall be paid at the election of the player no later than 60 days after the player becomes entitled to the prize with either a per winner annuity or a one-time cash payment. In a 70-number game like Mega Millions, numbers 1 to 35 would be in the low half, and numbers 36 to 70 would be in the high half. As a consequence, the probabilities of a single Jackpot winner will be somewhat lower and the probabilities of no winner or multiple winners will tend to be slightly higher than the numbers shown below. Patterns of numbers marked in a row to make a straight line, either across the bet slip vertically or diagonally get heavy play—which means sharing the prize with others if the numbers are drawn as winners. However, almost all jackpot winners take the cash option that is paid in one lump sum that, on average, is 60% of the advertised jackpot. Perseverance Pays Off For MEGA Millions Winner ; On a Friday night, Mark White matched five of six numbers to win a prize worth $219,900. On the same day, 10 existing Mega Millions-participating lotteries began selling Powerball tickets.