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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. A letter bearing the Mega Millions logo was used in a string of lottery scams designed to trick people into providing personal financial information by cashing bogus checks. 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.

The odds of winning the Mega Millions jackpot are 1 in 302. Tickets must be claimed no later than 180 days after the draw date. Annual payments for Mega Millions® are not equal. Of course you get to pay taxes on any large payout, so your net return is even less. Jackpots start at a minimum of $40 million and there are eight more prize tiers rewarding players who match fewer numbers. Prizes and odds (2013-2017 version): 5 numbers plus the Mega Ball (5+1): 1 in 258,890,850 5 numbers but not the Mega Ball (5+0): 1 in 17,259,390 4+1: 1 in 739,688 4+0: 1 in 52,835 3+1: 1 in 10,720 3+0: 1 in 766 2+1: 1 in 473 1+1: 1 in 56 Mega Ball only: 1 in 21[12] The odds for winning the $1 prize, 1 in 21, reflected the possibility of matching at least one of the white balls, as well as the Mega Ball.

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You can now use existing tickets to purchase new tickets printed with your same favorite numbers! How to Claim ➞ IT'S EASY TO PLAY PICK YOUR NUMBERS Choose 5 from 70 and 1 from 25 numbers for Mega Millions. 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. Thus, the total number of equally likely Mega Millions combinations is 12,103,014 x 25 = 302,575,350. The overall odds of winning any prize are 1 in 24, which is slightly better than that of Powerball, which are 1 in 24.

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Metro News; Mega Millions winner in California; Powerball over $200 million: Ohio Lottery results hot spot to go; Also, buy your California Numbers lottery tickets online. 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. 8 Million 10/10/2017 Billy Spurlock Costa Mesa, CA $1 Million 9/26/2017 David Budnick & Roger Wingo Henrico, VA $105 Million 9/22/2017 Wayne Harris Homer, NY $1 Million 8/18/2017 Leonard Bulmer Albuquerque, NM $393 Million 8/11/2017 Patricia Busking Palos Heights, IL $1 Million 8/8/2017 District 150 New York, NY $1 Million 8/4/2017 Paul Kuharevicz Muskegon, MI $1 Million 8/1/2017 Katherine Dorazio Levittown, NY $1 Million 8/1/2017 James Deal Harrisonburg, VA $1 Million 7/21/2017 Dana Nystrand & Matt Hazzard Richmond, VA $1 Million 7/18/2017 Michelle Faysal Ontario, Canada $1 Million 6/27/2017 Jaime De Jesus Osorio Ocampo Queens, NY $1 Million 6/23/2017 Huisun Cho Bayside Queens, NY $0. He missed the MEGA Millions jackpot by just one number, but you wont hear this man complaining. However, unlike Powerball, Mega Millions has a $3 "Just the Jackpot" option that gives players two tickets, but only pays out if the player wins the jackpot.

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The probability of success is thus: 3,385,200/302,575,350  = 0. The number of ways the 2 losing initial numbers on your ticket can match any of the 65 losing White numbers is COMBIN(65,2) = 2,080.  The number of ways your final number can match the Mega number is: COMBIN(1,1) = 1. 90 % chance that you will get back $750 or less Even if you buy 500 tickets, your chance of winning a $10,000 or larger prize is less than 1 chance in 1,000. Official Game Rules‍ Download Official Rules Mega Millions Rules & How to Win Prior to October 28, 2017‍ The Mega Millions game changed on October 28, 2017.  To view the Mega Millions rules that were in effect prior to October 28, click here.  To view the prizes and odds prior to October 28, click here.Mega Millions drawings are held Tuesday and Friday at 11:00 pm ET. For a typical jackpot of $100 million, the initial payment would be about $1. 24698 to this amount to give an "expected before tax, cash value of $1. The jackpot prize shall be paid at the election of the player no later than 60 days after the player becomes entitled to the prize with either a per winner annuity or one-time cash payment. Sums that fall within that range (the Most Probable Range of Sums) will account for over 70% of all lottery jackpots won. The Georgia Lottery was a member of MUSL at the time and wanted to sell both games for the remainder of 1996; however, within a few days, Georgia was forcibly removed from MUSL, returning with the 2010 cross-selling expansion.