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Five balls are drawn from a set of balls numbered 1 through 70; one ball is drawn from a set of balls numbered 1 through 25. Probability values are from the �300,000,000� row above. Cash or annuity payment choice must be made within 60 days of claiming the prize. Both lotteries opted to join The Big Game, which, at the time, was offered in seven states.

4 LOTTERY GAMES SKIPPED STRATEGIES PLAY: numbers with the most due games out value List the number of games skipped (games out) since the last hit (win) for each of the winning numbers during the last five games. The cash value for any Jackpot is about one-half the annuity value which brings the real value down to $1,000,000,000. Georgia and New Jersey winners can change an annuity ticket to cash should they be eligible for a jackpot share; however, the choice is binding in Texas. In addition to the lotto jackpot, there are eight other ways to win Mega Millions in prize categories from $2 (Mega Ball only) to $1,000,000 (for 5 numbers matched without the Mega Ball).

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If we made a list of all the participants in a lottery, it might include: 1) Federal Government (Lottery winnings are taxable) 2) State Governments (Again lottery winnings are taxable) 3) State Governments (Direct share of lottery ticket sales) 4) Merchants that sell tickets (Paid by the lottery organizers) 5) Lottery companies (Hint: They are not doing all this for free) 6) Advertisers and promoters (Paid by the lottery companies) 7) Lottery ticket buyers (Buy lottery tickets and receive payouts) The winners in the above list are: 1) Federal Government 2) State Government (Taxes) 3) State Government (Direct share) 4) Merchants that sell tickets 5) Lottery companies 6) Advertisers and promoters And the losers are:     (Mathematically challenged and proud of it) Also please see the related calculations for Powerball .   Return to Durango Bill's Home page. 5 Million 2/14/2014 Rondal & Eumeka Saxton Los Angeles, CA $1 Million 2/7/2014 Randy Brown Man, WV $0.

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Multiple Draws You may purchase a ticket good for up to 20 consecutive draws by marking the number of draws under the "Multi Draw" column. The best piece of advice regarding tax laws is: If you win a large amount of money playing the lottery, get in touch with the relevant jurisdiction officials to advise you on what you'll be expected to pay. Megaplier     Some states use a Megaplier feature to increase non-jackpot prizes by 2, 3, 4 or 5 times. 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 you win, you will pay 40% of your winnings back in taxes - which leaves an expected after tax value of $0. The product of these is the number of ways you can get this configuration:  COMBIN(5,3) x COMBIN(65,2) x COMBIN(24,1) = 499,200.

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For example if the cash value of the jackpot is $400,000,000 and there are 300,000,000 tickets in play, then the ticket�s expected cash value is fractionally under $1. Mike Segar/Reuters A vendor who sells lottery tickets hangs a sign for the Powerball drawing at a news stand in midtown Manhattan, Jan. 00 that you spend for Mega Millions tickets, you can expect to get back about $1. The numbers were 28,30,39,59,70 and the Mega Ball was 10. Get to Know the Megaplier in Three Steps Select the Megaplier box on your Mega Millions ticket. 0%      30,912,469        1,505,144          6,195,375 (All results rounded to the nearest $1)    Note that the cash value of the Jackpot is normally about one half of the advertised value of the Jackpot. If you win, you will pay 40% of your winnings back in taxes - which leaves an expected after tax value of $0.