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6 million, making them the highest odds of any other state or multi-state lottery game ever played in the United States. 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.

If we made a list of all the participants in a lottery, it might include: 1) Federal Government (Lottery winnings are taxable) 2) State Governments (Again lottery winnings are taxable) 3) State Governments (Direct share of lottery ticket sales) 4) Merchants that sell tickets (Paid by the lottery organizers) 5) Lottery companies (Hint: They are not doing all this for free) 6) Advertisers and promoters (Paid by the lottery companies) 7) Lottery ticket buyers (Buy lottery tickets and receive payouts) The winners in the above list are: 1) Federal Government 2) State Government (Taxes) 3) State Government (Direct share) 4) Merchants that sell tickets 5) Lottery companies 6) Advertisers and promoters And the losers are:     (Mathematically challenged and proud of it) Also please see the related calculations for Powerball .   Return to Durango Bill's Home page. Lottery winning numbers for Mega Millions, 31 October 2017 - Check Lottery & Lotto Results, Play Lotto on Multilotto.com. It is assumed that the number selections on each ticket are picked randomly. The winning ticket matched all six numbers drawn Friday night. The Megaplier continues to be drawn by Texas Lottery computers, as California does not offer the multiplier. With the exciting new "Play It Again" feature, New Jersey Lottery retailers can simply scan your ticket to produce a new one for the same game, numbers, and wager amount.

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The retailer will also get $100,000 for selling the ticket. For example if the cash value of the jackpot is $400,000,000 and there are 300,000,000 tickets in play, then the ticket�s expected cash value is fractionally under $1. Currently, most drawings are emceed by the full-time host of Georgia Lottery drawings, John Crow, with Brian Hooker the main substitute host.

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0 Contribution = �Multiple� times �Probability�    1. TICKET SALES & REDEMPTION No ticket sales during these times: TUE & FRI: 7:30 P. Taxes If your Mega Millions ticket nets you more than $5,000, you'll be expected to pay 25% Federal tax right off the bat.

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97. (And you paid $3 for this privilege.)    Percentile Expected Returns on Ticket Purchases    The average return per $2. Elecia Battle made national headlines in January 2004 when she claimed that she had lost the winning ticket in the December 30, 2003 Mega Millions drawing.[43] She then filed a lawsuit against the woman who had come forward with the ticket, Rebecca Jemison. If you choose the Just the Jackpot wager, you will only be eligible to win the jackpot prize. The needy have a greater fear of losing the hard-earned money they gamble with. All it takes is a buck — an enormous amount of luck — and some Smart Luck® Mega Millions strategies, of course. Related: Powerball This Mega Millions data includes all draws up to and including Tuesday March 27th 2018. We then multiply the average extra expected return for all the sub-prizes (previously calculated) by this 2. 3rd largest Jackpot - December 17, 2013, the jackpot almost beat the record, reaching $648 million, which was split between 2 winners. View one of Gail Howard's winner stories: Cynthia C won 2nd prize in Mega Millions, all 5 winning numbers without the Mega Ball. Montana (joining Mega Millions on March 1, 2010) was the first jurisdiction to add either game after the cross-sell expansion. This can also be stated as �One chance  in 44,642,857�.