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Of course you get to pay taxes on any large payout, so your net return is even less. 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.

The minimum jackpot was then $15 million, with rollovers of at least $5 million. And be sure to play with people you actually know. 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. 97. (And you paid $3 for this privilege.)    Percentile Expected Returns on Ticket Purchases    The average return per $2. 5%      56,062,409        1,505,144          6,195,375   4. 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.

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Buy your lottery ticket online or in stores for Mega Millions number drawings held every Tuesday and Friday! View ➞ Luckiest StoresGame Tool See how lucky your local retailer really is with our easy-to-use tool. REBEL Wilson could be awarded millions of dollars in damages after her epic court win against Bauer Media. Frequently Asked Questions About Mega Millions Frequently Asked Questions About Mega Millions Q 114: How do I use a lotto wheel to win Mega Millions? 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. Prize Draw Information Last Jackpot Mega Millions Numbers (Last 10 Draws) Mega Millions Odds & Prize Draw Breakdown Lottery Odds Mega Millions Draw Details Mega Millions is drawn on the following days Mega Millions History The Mega Millions game has a complex history, which has seen five matrix changes, a name change and several revisions to its prize tiers.

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Note: See for the version of the game that was valid before October 31, 2017. 7 Million 5/26/2015 Charles Messenger Salinas, CA $1 Million 5/22/2015 Peter Marino Everett, MA $1 Million 5/8/2015 Carolyn Keras Steubenville, OH $1 Million 4/28/2015 Kansas winner Wichita, KS $1 Million 4/21/2015 Charles Bibbs Henrico, VA $1 Million 4/21/2015 South Carolina winner Columbia, SC $1 Million 4/17/2015 Fred Morgan Detroit, MI $5 Million 4/3/2015 David Kalanik Oakland County, MI $0.

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4 1-2-3-4-5 AVOID: playing the combination 1-2-3-4-5 or other popular sets of numbers. Choose just the white numbers or just the gold Mega Ball number and Quick Pick all the rest. In Texas and most other locations, you can also choose to pay an addition $1 per game to multiply any non-jackpot prizes by 2x, 3x, or 4x with the Megaplier to increase your smaller winnings. The product of these is the number of ways you can get this configuration:  COMBIN(5,4) x COMBIN(65,1) x COMBIN(1,1) = 325. 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. The overall probability of winning any prize was 1 in 14. Upon winning the jackpot the player may choose, following ticket validation, either the annuity payment option or the cash payment option. The number of ways the 4 losing initial numbers on your ticket can match any of the 65 losing White numbers is COMBIN(65,4) = 677,040.  The number of ways your final number can match the Mega number is: COMBIN(1,1) = 1. Mega Millions and Powerball[edit] Alabama, Alaska, Hawaii, Mississippi, Nevada and Utah do not sell lottery tickets. Depending on your jurisdiction, claim any prize up to 180-365 days after the draw. Robert, MO $1 Million 10/24/2014 Kennedy Howard Montgomery, AL $1 Million 10/21/2014 42 MEGAwatts Oakbrook, IL $1 Million 10/17/2014 Delavan Co-Workers Delavan, WI $0.