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There are nine ways to win a prize, from $2 to the jackpot. 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. 00 All Draw game prizes must be claimed at a Florida Lottery retailer or Florida Lottery office on or before the 180th day after the winning drawing. The game costs $2 a ticket and is played by picking five numbers from a set of 70 and one Mega Ball number from a set of 25. If the check was cashed, it bounced, but not before the bank stamped it with a routing number and personal account information and sent it back to the fraudulent organization, providing them with the recipients' financial information.[42] A budget impasse due to the 2006 New Jersey Government shutdown led to the temporary closing of its non-essential agencies on July 1, 2006. 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.

For a typical jackpot of $100 million, the initial payment would be about $1. Buy your lottery ticket online or in stores for Mega Millions number drawings held every Tuesday and Friday!Mega Millions Home Mega Millions Mega Millions is a multi-jurisdictional game played across 46 localities in North America with a starting jackpot of $40 million. 3rd largest Jackpot - December 17, 2013, the jackpot almost beat the record, reaching $648 million, which was split between 2 winners. The new option is two plays for $3; only the jackpot can be won (or shared) on this wager.[3][4][5] The largest jackpot in Mega Millions history was $656 million annuity value (with a cash option of $474 million) for the March 30, 2012 drawing, in which there were three jackpot-winning tickets; one each in Illinois, Kansas, and Maryland. The overall odds of winning any prize are 1 in 24, which is slightly better than that of Powerball, which are 1 in 24. You can now use existing tickets to purchase new tickets printed with your same favorite numbers!

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In Mega Millions, with two drawings a week, a set of five numbers plus the Gold Mega Ball has a chance of being drawn once every 2,909,378 years!!! The overall odds of winning any prize are 1 in 24, which is slightly better than that of Powerball, which are 1 in 24. Play your personal numbers if you feel these lucky numbers are good to play, but include a few high numbers so that you win a prize that's worth something (not shared with many other winners) if your numbers hit.

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However, this has to be reduced by 40% for taxes. Just the Jackpot™ Play offers 2 chances to win the Mega Millions® Grand Prize for $3. 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. The number of ways your fifth initial number can match any of the 65 losing White numbers is COMBIN(65,1) = 65.  The number of ways your final number can match any of the 24 losing Mega numbers is: COMBIN(24,1) = 24. The following analysis assumes the annuity value of the Jackpot is $2 Billion (that�s a �B�) and there are 600 million tickets in play.

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Share This Article: Percentages and other statistics listed on this page should be considered estimates. 41 % chance that you will get back $68 or less 69. 2017 version, the price of a ticket has been increased to $2 from $1. Port Richey resident Yuna Catania told ABC News she was "in shock" to learn the winning ticket was in her own town. "Of all the places in the United States -- Port Richey!" Catania said she played the lottery, but didn't buy her ticket at the winning 7-Eleven. "Unfortunately we didn't win!" she said. 0856. (And remember, you paid $2 for this ticket.)    These calculations can be used to form a table that shows the expected cash return per ticket ( = expected cash value per ticket). The October 28, 2017 Mega Millions' format change resulted in the game's first price increase: plays are $2 each ($3 with the Megaplier; up from $1 and $2 respectively); as part of the format change, the "Just the Jackpot" option was introduced to seven of the game's members. But, this is still a very popular game due to the draw of very high jackpots. Players cannot claim prizes in any of the eight other prize tiers, which range from $2 to $1 million. The reverse will hold true if the drawing numbers cluster in the low end of the number range.    The above chart shows the probabilities of �No Winners�, �One Winner�, and �Two or more Winners� for various numbers of tickets in play.    Each entry in the following table shows the probability of �K� tickets holding the same winning Jackpot combination given that "N" tickets are in play for a given Mega Millions game. If your prize is less than $500, take your winning ticket to any Vermont Lottery agent locations where Mega Millions is sold for validation and payment. 9 million (as noted below, interest rates change, resulting in different ratios between the cash values and annuity values of jackpots). For the calculations below, an advertised "annuity" value for the Jackpot of $100,000,000 is assumed. (The $100,000,000 could be your share of a shared Jackpot.) The amounts in the table can be directly scaled for any arbitrary Jackpot size. (All amounts are BEFORE taxes.) Interest    Immediate      First Payment      Last Payment   Rate     Cash Payout    If Take Annuity    If Take Annuity   3. Remember, the advertised Mega Millions jackpot is the annuity jackpot, which means it's the amount that you would receive if you were to opt for the money to be paid out over 29 annual payments (plus a one-off initial payment). The best mix is to have 3/2 or 2/3 which means three odd and two even, or two odd and three even.