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This can also be stated as �One chance  in 44,642,857�. Note: You can get a rough estimate of the number of tickets in play as follows. 1569 for the smaller prizes (no taxes for prizes under $10,000) so $0. The drawing will be Saturday.  The odds of winning one of the jackpots is roughly one in 259 million for Mega Millions and one in 292 million for Powerball.

The minimum jackpot was then $15 million, with rollovers of at least $5 million. Related: Powerball This Mega Millions data includes all draws up to and including Tuesday March 27th 2018. Of the 46 Mega Millions jurisdictions, all but California offer an option, called Megaplier (plays with the Megaplier are $3 each) where non-jackpot prizes are multiplied by 2, 3, 4, or 5. Contact your Mega Millions lottery for detailed information.

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A cash value option (the usual choice), when chosen by a jackpot winner, pays the approximate present value of the installments. Of course you get to pay taxes on any large payout, so your net return is even less. Draw up an agreement and have the members of your pool sign it.

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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. Probability of winning something    If we add all the ways you can win something we get: 1 + 24 + 325 + 7,800 + 20,800 + 499,200 + 436,800 + 3,385,200 + 8,259,888 = 12,610,038 different ways of winning something. Play the Illinois Lottery Mega Millions today to win big!

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Under the current version's regulations (which began October 28, 2017 with the first drawing October 31) for Mega Millions, the minimum Mega Millions advertised jackpot is $40 million, paid in 30 graduated yearly installments, increasing 5 percent each year (unless the cash option is chosen; see below for differences by lotteries on cash/annuity choice regulations.) The jackpot increases when there is no top-prize winner[1] (see below for information on how the Mega Millions jackpot is funded.) As of December 13, 2017, there has yet to be a jackpot winner under the current Mega Millions format, including wagers for the newly created Just the Jackpot option. Mifflintown, PA $1 Million 8/18/2015 Francois Marrec, Jr. The first (The Big Game) Mega Millions drawing was held two days later, on May 17. The product of these is the number of ways you can get this configuration:  COMBIN(5,0) x COMBIN(65,5) x COMBIN(1,1) = 8,259,888. Note: See for the version of the game that was valid before October 31, 2017. If you have a match with your main numbers, your prize gets multiplied by the active Megaplier multiple (2x, 3x, 4x, 5x). The most recent additions to Mega Millions were the U. On Tuesday and Friday nights, the Mega Millions live drawings take place during the 11 p.m. news on your official New York Lottery TV drawing station.