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The overall odds of winning any prize are 1 in 24, which is slightly better than that of Powerball, which are 1 in 24. 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. Winning the Mega Millions Jackpot The Mega Millions jackpot now starts at $40 million, but most often grows from that into a very large jackpot since the game is played in so many states and is so difficult to win. As of January 2016, there are 46 lotteries offering Mega Millions and Powerball; Florida joined Mega Millions in May 2013. (Puerto Rico, whose lottery began in the 1930s, currently does not offer Mega Millions).

The overall odds of winning a prize were 1 in 14. It is difficult to know when a cold number will end a long losing streak. Mega Millions tickets bought with the Megaplier option, beginning September 12, 2010, automatically won $1 million (instead of $250,000) if the five white balls – but excluding the Mega Ball – are matched.

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Match 4 out of 5 White numbers and match the Mega number (Payout = $10,000)    The number of ways 4 of the 5 first numbers on your lottery ticket can match the 5 White numbers is COMBIN(5,4) = 5. The Megaplier option remained; the 5x multiplier was added. That which is LEAST POSSIBLE happens LEAST OFTEN. An unreadable barcode could delay payout of a winning ticket if it cannot be scanned.

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By playing with a group, you can afford to buy more lottery tickets—and play larger wheeling systems—than you could (or should) by yourself. 00 that you spend for Mega Millions tickets, you can expect to get back about $1. Just the Jackpot wagers are not eligible to win any other prize (non-Grand Prize) in the Mega Millions game.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. In January 2012, Mega Millions' rival Powerball was altered; among the changes were a price increase of $1 for each play, as a result, a base game costs $2, or $3 with the Power Play option. When the jackpot is $200 million, each payment is twice as big. In practice, many people pick numbers based on family birthdays, etc., and thus many tickets will have a preponderance of low numbers.

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And this is for an advertised $2 Billion Jackpot. 0054 Any entry in the table can be calculated using the following equation: Prob. = COMBIN(N,K) x (Pwin^K) x (Pnotwin^(N-K)) Where: N = Number of tickets in play K = Number of tickets holding the Jackpot combination Pwin = Probability that a random ticket will win ( = 1 / 302,575,350  =  0. 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.If you're looking for up-to-the-minute California, MEGA Millions lottery info, such as lottery results, look no further. 00 ticket includes the extremely low probability that you might win a large prize � for example $10,000 or more. Annual payments for Mega Millions® are not equal. Port Richey resident Yuna Catania told ABC News she was "in shock" to learn the winning ticket was in her own town. "Of all the places in the United States -- Port Richey!" Catania said she played the lottery, but didn't buy her ticket at the winning 7-Eleven. "Unfortunately we didn't win!" she said. The probability of success is thus: 20,800/302,575,350 = 0. Sharing the ticket cost with others stretches your Lotto budget. 62. (All actual calculations used full precision)    If there are 300,000,000 tickets in play, then we divide the $251,590,404. 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. You can buy a Mega Millions ticket from an official ticket dealer in any of the states participating in MEGA Millions: Arkansas, Arizona, California, Connecticut, Delaware, Florida, Georgia, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Missouri, Montana, Nebraska, North Carolina, North Dakota, New Hampshire, New Jersey, New Mexico, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Vermont, Virginia, Washington, Washington, D.