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For the November 15, 2005 drawing, a group called "The Lucky 7" held the only jackpot-winning ticket, purchased in Anaheim, California, winning $315 million. Mega Millions and Powerball[edit] Alabama, Alaska, Hawaii, Mississippi, Nevada and Utah do not sell lottery tickets. Federal Trade Commission website New Spin On Sweepstakes Scams on U.Difference Between Cash Value and Annuity If you win a Mega Millions jackpot, you will choose how to be paid: Cash Option or Annual Payout.

494. (The after tax return would be less than this.) Just the Jackpot    The new version of Mega Millions provides still another way to play the game.  You can pay $3 for 2 quick picks that only participate in the Jackpot prize. (You don't have to worry about matching any of the other combinations.)    If there is an advertised Jackpot of $1 billion then the cash value of the Jackpot is about $500 million. Virgin Islands, in October 2010, and Louisiana in November 2011. Thus the probability that you will join this statistical group is 2 x 1. 00 to buy the Megaplier option, your expected before tax return is $0. This leaves an expected after tax value of the jackpot of $0.

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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. Mega Millions offers a $40 Million starting jackpot and a second-tier ... 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. See also[edit] Notes[edit] External links[edit] Official website Telemarketing and Telephone Services: Prizes & Sweepstakes on U. The probability of success is thus: 499,200/ 302,575,350 = 0. Mega Millions still holds the record for the 2nd largest jackpot in the world after it had the top spot for years.

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All it takes is a buck — an enormous amount of luck — and some Smart Luck® Mega Millions strategies, of course. Texas Lottery Commission only reports the payout information for Texas winners.

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Otherwise, you'll be spending MORE money chasing a SMALLER guaranteed prize. Total ticket cost will depend on the number of panels and draws you play and if you select the Megaplier option. When you realize that the entire population of the United States is over 323 million and the odds of winning the Mega Millions jackpot are one in 303 million, it is a mystery why anyone would buy a lottery ticket for this game and have any expectation of winning the jackpot. (If the jackpot IS hit too often for the Mega Millions lottery officials, the next name change will probably be MEGA BILLIONS! Mega Millions still holds the record for the 2nd largest jackpot in the world after it had the top spot for years. 2nd Thoughts     The 2015 fatality rate per 100 million Vehicle Miles Traveled in the U. The probability of success is thus: 3,385,200/302,575,350  = 0. The "Big Money Ball" became the "Mega Ball." While the game's name was altered, the yellow ball in the new Mega Millions logo continued to read "The Big Game" until February 2003, after which it was replaced with six stars representing the original members of the consortium. Lottery winning numbers for Mega Millions, 31 October 2017 - Check Lottery & Lotto Results, Play Lotto on Multilotto.com. One such usage involved character Hugo "Hurley" Reyes playing the sequence in a similar "Mega Lotto" game, winning a nine-figure jackpot and subsequently experiencing numerous misfortunes in his personal life. Until January 2016, the game held the honour of generating the third-largest lottery jackpot in the world, after three winning ticket holders split a top prize of $656 million in March 2012. We then multiply the average extra expected return for all the sub-prizes (previously calculated) by this 2.