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The expansion occurred on January 31, 2010, as 23 Powerball members began selling Mega Millions tickets for their first drawing on February 2, 2010; likewise, 10 Mega Millions members began selling Powerball tickets for their first drawing the next day. For the calculations below, an advertised "annuity" value for the Jackpot of $100,000,000 is assumed. (The $100,000,000 could be your share of a shared Jackpot.) The amounts in the table can be directly scaled for any arbitrary Jackpot size. (All amounts are BEFORE taxes.) Interest    Immediate      First Payment      Last Payment   Rate     Cash Payout    If Take Annuity    If Take Annuity   3. 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. One ticket from Indiana won the jackpot; the winner chose the cash option.[18] Mega Millions' fourth-largest jackpot, $414 million, was for the March 18, 2014 drawing.

The product of these is the number of ways you can get this configuration:  COMBIN(5,3) x COMBIN(65,2) x COMBIN(1,1) = 20,800. 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. In Texas and most other locations, you can also choose to pay an addition $1 per game to multiply any non-jackpot prizes by 2x, 3x, or 4x with the Megaplier to increase your smaller winnings. Americans are much more likely to get struck by lightning (odds of one in 13,500) or to die in a car accident (one in 645).  While the old lottery campaign "You've got to be in it to win it" holds true, the real value in buying a ticket may simply be to enjoy the dream of winning.Play David Goldman/AP Photo WATCH Lucky winner in one of the largest jackpots in lottery history There's a Mega Millions ticket holder in Florida who's starting the new year on a very prosperous note: The unidentified individual is the winner of Friday night's drawing for the $450 million Mega Millions jackpot, lottery officials announced this morning. For an additional fee of $1, players can purchase the Megaplier option to multiply all non-jackpot wins by the draw's Megaplier number. Draw up an agreement and have the members of your pool sign it.

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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. The best mix is to have 3/2 or 2/3 which means three odd and two even, or two odd and three even. For example, for an advertised jackpot of $200 million, the initial payment would be approximately $3 million, with future payments growing to as much as $12. Many players like to bet the numbers that have won someone else a big jackpot, and by doing so, they are almost guaranteed NOT to win. Mega Millions winning ticket sold in Florida for $450 million 'Build Your Own AR-15' class in Michigan draws a crowd just days after protest Teen arrested for allegedly 'threatening to shoot up' high school: Police Man who owes $500K in child support vanishes into ocean on paddleboard Immigrant about to be deported escapes federal custody at airport, flees in cab Mega Millions jackpot surpasses $500M for 4th time in game's history Miami personal injury lawyer arrested in fatal hit-and-run crash Facebook announces overhaul of security and privacy settings 'I was just shot in my school,' boy tells 911 after attack Residents of US territory American Samoa sue for citizenship What's at stake in gerrymandering case in front of the Supreme Court? 00 lottery ticket that you buy    The first task is to construct a table where each row lists the winning combination, the payout, the probability of this payout, and the contribution to the expected return (Equals payout times probability.) The probabilities are the same ones we derived earlier.

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IT REALLY WORKS!!" Lonnis & Janice Eavey Win with Lotto Software and Books See all Smart Luck lottery software and lotto books or the full lottery product guide and list of best lottery software and books for your state to use for Mega Millions. Decide if you want to include the Megaplier or take the Just the Jackpot option, if it's available in your jurisdiction.

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Q 127: How do I pick the best numbers to use for just the Mega Ball? Add the Megaplier option for an extra $1 per line of play and multiply your winnings up to five times the original amount (excluding jackpot). Let�s assume that 400 million more tickets are sold. 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. As a practical matter, it is unlikely that you will ever buy enough tickets (fork out enough money) to ever have much of a chance for any of the large prizes. 24698 (Used for before taxes, non Jackpot, cash value calculations) Thus, for each $2. 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 probability of success is thus: 436,800/302,575,350  = 0. Both lotteries opted to join The Big Game, which, at the time, was offered in seven states. 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. ...