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If the preceding Mega Millions game had no Jackpot winner, then find the difference in the annuity Jackpot amount for the prior game vs. the current annuity Jackpot amount. Mega Millions still holds the record for the 2nd largest jackpot in the world after it had the top spot for years. 2 HIGH-LOW LOTTO NUMBER TIPS PLAY: mix of 3 high/2 low or 2 high/3 low numbers Winning numbers are usually spread across the entire number field. 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. The initial estimate for that drawing (following the March 27 drawing, which was $363 million annuity) was $476 million (later increased to $500 million and again to $540 million); brisk ticket sales pushed the jackpot values, both annuitized (to $656 million) and the cash option ($474 million) higher.

Each jurisdiction's lottery operates independently, and so the disparities in claim periods tend to stem from the operators aligning them with claim periods of their other lottery games. 21    The calculations above use the "cash value" of the Jackpot. Just the Jackpot wagers are eligible for the Mega Millions Grand Prize ONLY!

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On March 6, 2007, the Mega Millions jackpot reached $390 million,[10] which is the record for the third largest jackpot in U. Taxes If your Mega Millions ticket nets you more than $5,000, you'll be expected to pay 25% Federal tax right off the bat. Advantage Gold: use Chart F to see which sums occured most recently, most often, and more. How to Claim ➞ IT'S EASY TO PLAY PICK YOUR NUMBERS Choose 5 from 70 and 1 from 25 numbers for Mega Millions.

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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. Beginning in January 1999, jackpot winners were given the option to receive their prize in cash. Before Tax Return on Investment     It is interesting to calculate what the long term expected return is for each $2. Thus, the total number of equally likely Mega Millions combinations is 12,103,014 x 25 = 302,575,350. Sums that fall within that range (the Most Probable Range of Sums) will account for over 70% of all lottery jackpots won.

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Thus the "expected value" of your $2 ticket will be on the left side of the table unless the advertised Jackpot is over One $Billion. (That's a "B")    We can also see what happens to the expected value of a ticket if a buying frenzy should develop at this point. Annuity option: The Mega Millions annuity is paid out as one immediate payment followed by 29 annual payments. 1 REPEATED NUMBER COMBINATIONS AVOID: number combinations that have been drawn before. Buy your lottery ticket online or in stores for Mega Millions number drawings held every Tuesday and Friday! However, almost all jackpot winners take the cash option that is paid in one lump sum that, on average, is 60% of the advertised jackpot. If no one wins the jackpot, the money is added to the jackpot for the next drawing.MEGA MILLIONS® Check Your Numbers All Past Drawings ➞ GET MEGA MILLIONS NUMBERS SENT DIRECT TO YOU When you join MyLottery you can have winning numbers sent to you your way, be the first to know about new Scratch games, get exclusive features like auto-entry into second-chance drawings, and so much more. The numbers picked for the prizes consist of 5 numbers picked at random from a pool of 70 numbers (the White Numbers). 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. 1 Jackpot Option - payment option as designated on the winning ticket(s) CVO = Cash Value Option AP = 30 Annual Payments* *The Grand/Jackpot Prize is paid in 30 annual graduated installments. They chose the cash option, splitting $175 million before federal withholdings.[9] This remains the largest prize won by a single Mega Millions ticket.