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It is difficult to know when a cold number will end a long losing streak. Sharing the ticket cost with others stretches your Lotto budget. The model used for Mega Millions is the Criterion II, manufactured by Smartplay International of Edgewater Park, New Jersey. Cash or annuity payment choice must be made within 60 days of claiming the prize. Overall odds of winning are approximately 1 : 24.

Match all 5 White numbers but not the Mega number (Payout = $1,000,000)    The number of ways the 5 first numbers on your lottery ticket can match the 5 White numbers is COMBIN(5,5) = 1. Add the Megaplier option for an extra $1 per line of play and multiply your winnings up to five times the original amount (excluding jackpot).

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The other Mega Millions members allow the cash/annuity choice to be made after winning (usually 60 days after claiming the ticket), although in Florida the 60-day "clock" starts with the drawing in which the jackpot prize was won. There are nine possible configurations that will win something in the Mega Millions Lottery. 5 Million 11/18/2014 Jaylene Smith San Jose, CA $1 Million 11/4/2014 John Manganiotis Saddle Brook, NJ $326 Million 11/4/2014 Harold Diamond Wurtsboro, NY $4 Million 11/4/2014 Margaret Clark Coram, NY $0. 0 to get the expected return if you buy the �Megaplier� option. (0.

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For payout information of all participating states please visit www.megamillions.com. Individually, the five white balls, several seconds apart, drop through a hole in the bottom of the mixing drum. 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.

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How to Play Mega Millions To play Mega Millions, a lotto player chooses five numbers (White Balls) from 70 numbers, and then selects one Gold MEGA Ball number from 1 to 25. Mega Millions officials may reduce prize levels for Mega Millions and/or Megaplier in the event that an unanticipated number of winner claims exceed the available prize fund for a given draw. After a jackpot win, the Mega Millions jackpot resets to $40 million, which is the same as Powerball. Certain jurisdictions consider lottery winnings taxable under income tax laws - you can find these rates for each jurisdiction below. The product of these is the number of ways you can get this configuration:  COMBIN(5,1) x COMBIN(65,4) x COMBIN(1,1) = 3,385,200. All it takes is a buck — an enormous amount of luck — and some Smart Luck® Mega Millions strategies, of course. In October 2017, Mega Millions underwent another series of matrix changes to arrive at its current format, together with detailed alterations to its prize structure. Draw up an agreement and have the members of your pool sign it. 6 Million 3/30/2012 The Three Amigos Milford Mill, Maryland $218. Follow the 600-million row until you come to the $1,000 million column. Many players like to bet the numbers that have won someone else a big jackpot, and by doing so, they are almost guaranteed NOT to win.