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This leaves an expected after tax value of the jackpot of $0. The fourth matrix change occurred in June 2005, which was when California joined the game.

5 Million 7/22/2016 Christina Ford Dallas, GA $1 Million 7/8/2016 Michael D. 6 million, making them the highest odds of any other state or multi-state lottery game ever played in the United States. The odds of winning all those hundreds of millions are one in 302,575,350 (most recently up from 1:258,890,850). Just the Jackpot™ Play offers 2 chances to win the Mega Millions® Grand Prize for $3. The Megaplier option remained; the 5x multiplier was added.

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Most Mega Millions winner names are not released, but if one is, it would be listed on the Mega Millions website. October 2013 format change[edit] The final 5/56 + 1/46 Mega Millions drawing was held on October 18, 2013; that night's jackpot of $37 million was not won. TICKET SALES & REDEMPTION No ticket sales during these times: TUE & FRI: 7:30 P. Thus, if the lottery officials proclaim that a given lottery drawing had 5 million �winners�, then there were about 5,000,000 x 23. The largest Mega Millions jackpot ever won on a single ticket was $319 million on March 25, 2011.

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Then a single number (the Mega Number) is picked from a second pool that has 25 numbers. View all of the statistics shown here and many more with Advantage Gold for the most current results for this game and hundreds of others! 999999996695 COMBIN(N,K)  = number of ways to select K items from a group of N items x   =  multiply terms ^   =  raise to power (e.g.  2^3 = 8 ) Sample Calculation to Find the Expected Cash Ticket Value Considering the Number of Tickets That are in Play    For this example we will assume the cash value of the Jackpot is $400,000,000 (The advertised value of Jackpot would be about double this.) and there are 300,000,000 tickets in play for the current game. This prize still remains the second-largest jackpot in history.

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No other win is paid out, and some jurisdictions do not offer this option. Draws take place in Atlanta, Georgia, on Tuesdays and Fridays, at 11 p.m. 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. Mega Millions still holds the record for the 2nd largest jackpot in the world after it had the top spot for years. We will use this number for each of the following calculations. If no one wins the jackpot, the money is added to the jackpot for the next drawing.Mega Millions at a Glance Mega Millions is one of the two large multi-state lottery games played in the U. 0 Contribution = �Multiple� times �Probability�    1. The best mix is to have 3/2 or 2/3 which means three high and two low, or two high and three low. On the same day, 10 existing Mega Millions-participating lotteries began selling Powerball tickets. The number of ways your final number can match any of the 24 losing Mega numbers is: COMBIN(24,1) = 24. (Pick any of the 24 losers.) Thus there are COMBIN(5,5) x COMBIN(24,1) = 24 possible combinations.