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The holders of each ticket also chose the cash option. With nine ways to win, Mega Millions is a $1 game thats filled with mega-fun.

On March 13, 2010, New Jersey became the first Mega Millions participant (just before the cross-sell expansion) to produce a jackpot-winning ticket for Powerball after joining that game. If you win, you will pay 40% of your winnings back in taxes - which leaves an expected after tax value of $0. 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!

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The best mix is to have 3/2 or 2/3 which means three odd and two even, or two odd and three even. Thus, the total number of equally likely Mega Millions combinations is 12,103,014 x 25 = 302,575,350. 5 Million 2/13/2015 Bill Deluca Coalinga, CA $1 Million 1/30/2015 Marianna Lauro Kenilworth, NJ $265 Million 1/16/2015 Jesus Davila Jr. Jackpots increase by a minimum of $5 million each time there is no winner. 1 Million 3/10/2015 Gloria Swanigan San Pedro, CA $126 Million 2/27/2015 Tammy Pratt South Fallsburg, NY $3.

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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. For example if the cash value of the jackpot is $400,000,000 and there are 300,000,000 tickets in play, then the ticket�s expected cash value is fractionally under $1.

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The following analysis assumes the annuity value of the Jackpot is $2 Billion (that�s a �B�) and there are 600 million tickets in play. In Mega Millions, with two drawings a week, a set of five numbers plus the Gold Mega Ball has a chance of being drawn once every 2,909,378 years!!! Taxes will subsequently be subtracted/withheld from these payments.)    If  you take an immediate cash payment instead of the 30 year annuity, you will get about one half (before taxes) of the advertised "annuity" value of the game. Buy your lottery ticket online or in stores for Mega Millions number drawings held every Tuesday and Friday!Mega Millions (which began as The Big Game in 1996 and renamed, temporarily, to The Big Game Mega Millions six years later) is an American multi-jurisdictional lottery game; it is offered in 44 states, the District of Columbia, and the U. These lotteries offered the "Just the Jackpot" option upon the format change: Georgia, Hoosier Lottery, Kansas, Massachusetts, Nebraska, New Jersey, New Mexico, New York, Ohio, South Dakota, Texas, Virginia, Wisconsin, and Wyoming. Mega Millions can trace its roots back to August 1996, when it was launched as The Big Game and sold tickets across six states for its Friday night draws. 0 because you would win �1 unit� of the sub prizes just from your simple ticket purchase. Follow the instructions on the Claim Form to submit your claim. By knowing which number combinations and patterns to avoid, you'll have an advantage over such players—and save money, too. A cash value option (the usual choice), when chosen by a jackpot winner, pays the approximate present value of the installments.