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You pick five numbers out of seventy and one number out of twenty-five to win Mega Millions. Draws take place in Atlanta, Georgia, on Tuesdays and Fridays, at 11 p.m. If interest rates increased to 4 1/4 % the ratio would be 0. So, for the best way to win Mega Millions, wheel less than about 40 of the 70 total numbers. For each of these, the probability of winning equals the number of winning combinations for that particular configuration divided by the total number of ways the Mega Millions numbers can be picked. Justin Sullivan/Getty Images Powerball and Mega Millions lottery tickets are displayed, Jan.

Mega Millions winnings are exempt from state income tax in California; while Florida, New Hampshire, South Dakota, Tennessee, Texas, Washington state, and Wyoming do not have an income tax. The Gold MEGA Ball number is marked on a separate set of 25 numbers on your bet slip and should be chosen separately. Just the Jackpot™ Play offers 2 chances to win the Mega Millions® Grand Prize for $3. But randomly drawn numbers form patterns that can be tracked and used to our advantage. Thus the expected cash Jackpot payout by the lottery is $400,000,000 times 0.

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A player choosing this option is not eligible for any of the eight lower-tier prizes; therefore, the Megaplier option is not available for Just the Jackpot wagers. Colorado and South Dakota added Mega Millions on May 16, 2010, bringing the total to 42 jurisdictions.

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Certain jurisdictions consider lottery winnings taxable under income tax laws - you can find these rates for each jurisdiction below. The total of these 30 payments will approximately equal the advertised size of the Jackpot. (This assumes you are a single winner and not sharing the Jackpot with someone else. We will use this number for each of the following calculations. Draws take place in Atlanta, Georgia, on Tuesdays and Fridays, at 11 p.m.

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01 and $5,000, you'll have to declare this amount on a Federal tax form so that the government is aware. So, the ROB (Return On Bet) is very poor for the other prize categories as well. The first (The Big Game) Mega Millions drawing was held two days later, on May 17. Mega Millions lottery jackpot analysis shows the amount a grand prize winner would actually get after federal and state taxes are withheld from the prize money. ... This leaves a �bonus contribution multiplier� of just 2.