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The drawing will be Saturday.  The odds of winning one of the jackpots is roughly one in 259 million for Mega Millions and one in 292 million for Powerball. October 2017 format/price point change[edit] On October 28, 2017, the price of a Mega Millions play doubled, to $2; the first drawing under the current price point was October 31, 2017.

Good luck, everyone!" The Powerball jackpot surpassed the half-billion mark after no winning tickets were sold before Wednesday night's drawing. If there are no jackpot winners for a specific drawing, the jackpot will keep increasing, however, the odds will still remain the same. The current matrix has lengthened the odds of winning the jackpot, but has shortened the overall odds of winning a prize, including the second tier reward of $1 million.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.

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Before Tax Return on Investment     It is interesting to calculate what the long term expected return is for each $2. Just the Jackpot wagers are eligible for the Mega Millions Grand Prize ONLY! See also[edit] Notes[edit] External links[edit] Official website Telemarketing and Telephone Services: Prizes & Sweepstakes on U.

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If you have a match with your main numbers, your prize gets multiplied by the active Megaplier multiple (2x, 3x, 4x, 5x). The Mega Millions jackpot resets to its new starting value of $40 million ($25 million cash) for the next drawing on Tuesday. Cash Value of a Game    If you win the Jackpot, you have the option of either accepting 30 annuity payments (A cash amount that is paid annually), or you can take a lump sum "cash value" payment.

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At $2,00 per ticket, the lottery takes in $800 million. 6 Million 11/4/2014 Emaley and Alex Escalera Stockton, CA $1 Million 10/31/2014 17 Amigos LLC East Meadow, NY $1 Million 10/28/2014 The Mega 12 St. 1569 for the smaller prizes (no taxes for prizes under $10,000) so $0. 2 Megaplier® Prize Amount - Any non-grand/jackpot prize you win in a Mega Millions play will be multiplied by the Megaplier number drawn if you have purchased the Megaplier feature. The Kicker is another extra $1 option, but it is available only to players in Ohio.