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The Big Game was the brainchild of lottery directors Rebecca Paul (of the Georgia Lottery) and Penelope W. 2 or more numbers repeated occurs less than 4% of the time. However, this has to be reduced by 40% for taxes. Reflecting common practice among American lotteries, the jackpot is advertised as a nominal value of annual installments. October 2013 format change[edit] The final 5/56 + 1/46 Mega Millions drawing was held on October 18, 2013; that night's jackpot of $37 million was not won. 62 by 300,000,000 to get an average cash Jackpot payout per ticket of $0.

After that, depending on the jurisdiction you're in, you may have even more to pay back. Multiple Draws You may purchase a ticket good for up to 20 consecutive draws by marking the number of draws under the "Multi Draw" column. 8 Million 5/20/2016 Michael Ioannou Cupertino, CA $3 Million 5/17/2016 North Dakota winner Williston, ND $1 Million 5/13/2016 Baltimore winner Baltimore, MD $1 Million 3/15/2016 Roberto Tripodi Valhalla, NY $5 Million 3/8/2016 Ricky Rhinebolt Mansfield, OH $157 Million 3/8/2016 Michael Burkett Seattle, WA $0.

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Your overall chances of winning any prize are 1 in 24. In the revised format, players chose 5 of 75 white ball numbers, and the "Gold Ball" number out of 15. Don�t forget that a large prize will throw you into a top tax bracket.    First, we check the expected value of a ticket in the table that we calculated earlier. 24698 (Used for before taxes, non Jackpot, cash value calculations) Thus, for each $2. In January 1999, the number matrix was changed to five from 50 and one from 36, combined with the option of a lump-sum payout for jackpot winners. Jackpots in the hundreds of millions of dollars range are not uncommon for Mega Millions and will likely become larger more frequently with these new game changes.

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5 Million 7/22/2016 Christina Ford Dallas, GA $1 Million 7/8/2016 Michael D. Payouts through October 18, 2013: Overall probabilities: 1 in 755 of winning any of the top six prizes,[20] 1 in 40 of winning any prize.[32] In California, prize levels are paid on a parimutuel basis, rather than the fixed lower-tier amounts for winners in other Mega Millions jurisdictions. In January 1999, the number matrix was changed to five from 50 and one from 36, combined with the option of a lump-sum payout for jackpot winners.

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79 % chance that you will get back $64 or less 58. 56 % chance that you will get back $92 or less 94. Depending on your jurisdiction, claim any prize up to 180-365 days after the draw. After Colorado and South Dakota joined Mega Millions, this raised the number of lotteries offering the Megaplier to 37. The 2013-2017 version allocated about 68 percent towards the jackpot. "Just the Jackpot" option[edit] Each of the 46 Mega Millions participants, in preparation for the October 28, 2017 format change, were given the choice of offering a $3, two-game play (called "Just the Jackpot"). Federal Trade Commission website New Spin On Sweepstakes Scams on U.Difference Between Cash Value and Annuity If you win a Mega Millions jackpot, you will choose how to be paid: Cash Option or Annual Payout. Louis, MS $536 Million 7/8/2016 Warren D, LLC Cambridge City, IN $1 Million 7/8/2016 Marcus Gonzalez Sharon, MA $1 Million 7/5/2016 Dana Pelletier Coral Gables, FL $5 Million 6/17/2016 Billy's Bunch Harrisville, RI $1 Million 6/10/2016 Wilmington co-workers Wilmington, NC $1 Million 5/27/2016 Richard Hopper Sr. Man Who Wins $5 Million Just One Year After Taking Home $100,000! Relatively hot numbers are more likely to hit, but don't forget to include at least one long shot number in your group of 5.