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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. 79 % chance that you will get back $64 or less 58. Don�t forget that a large prize will throw you into a top tax bracket.    First, we check the expected value of a ticket in the table that we calculated earlier. The odds of winning the Mega Millions jackpot are 1 in 302. In an effort to top the Powerball jackpots, the new Mega Millions lottery has increased the jackpot odds by 40 percent—and added more states to the mix.

In May 1999, New Jersey joined The Big Game, the only jurisdiction to enter as a participant before The Big Game became Mega Millions in 2002. 2017 version, the price of a ticket has been increased to $2 from $1. How to Claim ➞ IT'S EASY TO PLAY PICK YOUR NUMBERS Choose 5 from 70 and 1 from 25 numbers for Mega Millions. Jackpots in the hundreds of millions of dollars range are not uncommon for Mega Millions and will likely become larger more frequently with these new game changes. 6 REPEAT HITS LOTTERY TIPS PLAY: no more than one number from the last drawing In the 5/70 MEGA Millions, on average, one or more lottery numbers will be a repeat hit from the last drawing only about 33% of the time. 3 SAME NUMBER GROUP AVOID: playing too many numbers from the same group.

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VIEW ALL GAME TOOLS MEGA MILLIONS PAYOUTS & ODDS OF WINNING Jackpot starts at $40 million. California's second prize is a "secondary jackpot"; its payout sometimes exceeds $1 million cash, even though California does not offer the Megaplier.[33] Payment options and claiming prizes[edit] In Georgia, New Jersey, and Texas, players must choose, in advance, whether they wish to collect a jackpot prize in cash or annuity. On May 28, 2010, North Carolina became the first Powerball member (just before the cross-selling expansion) to produce a jackpot-winning Mega Millions ticket after joining Mega Millions, with an annuity jackpot of $12 million. Jackpot probability/odds (Payout varies)    The number of ways the first 5 numbers on your lottery ticket can match the 5 White numbers is COMBIN(5,5) = 1. Texas Lottery Commission only reports the payout information for Texas winners. The fourth matrix change occurred in June 2005, which was when California joined the game.

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41 % chance that you will get back $68 or less 69. 8 COLD NUMBER LOTTERY SECRETS PLAY: numbers that are already showing signs of becoming more active. Therefore, (75 x 74 x 73 x 72 x 71)/ (5 x 4 x 3 x 2 x 1) x 15 = 258,890,850, which means any combination of five white balls plus the Megaball has a 1:258,890,850 chance of winning the jackpot. The probability of success is thus: 7,800/302,575,350 = 0. 1569 for the smaller prizes (no taxes for prizes under $10,000) so $0. Depending on your jurisdiction, claim any prize up to 180-365 days after the draw.

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When the jackpot is $200 million, each payment is twice as big. PLAY MULTIPLE DRAWINGS Buy up to 13 weeks (26 drawings) in advance. 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. 62. (All actual calculations used full precision)    If there are 300,000,000 tickets in play, then we divide the $251,590,404. The current version of Mega Millions uses a 5/70 (for the white balls) plus 1/25 (for the "Mega Ball") double matrix to select its winning numbers. You pick five numbers out of seventy and one number out of twenty-five to win Mega Millions. Decide if you want to include the Megaplier or take the Just the Jackpot option, if it's available in your jurisdiction. 6 million, making them the highest odds of any other state or multi-state lottery game ever played in the United States. This leaves an expected after tax value of the jackpot of $0.