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On March 6, 2007, the Mega Millions jackpot reached $390 million,[10] which is the record for the third largest jackpot in U. If you want to see the claim period of a specific jurisdiction, you can do so by checking out the table below. 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. When the jackpot is $200 million, each payment is twice as big. It is difficult to know when a cold number will end a long losing streak. 24698 to this amount to give an "expected before tax, cash value of $1.

And this is for an advertised $2 Billion Jackpot. Tennessee Lottery games are entertaining and easy to play! Around the same time, for entirely different reasons, Ohio's governor also gave the green light to joining a multi-jurisdictional game.

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Texas Lottery Commission only reports the payout information for Texas winners. If you express this as �One chance in ???�, you just divide �1� by the 0. Sums that fall within that range (the Most Probable Range of Sums) will account for over 70% of all lottery jackpots won. Individually, the five white balls, several seconds apart, drop through a hole in the bottom of the mixing drum. The "Big Money Ball" became the "Mega Ball." While the game's name was altered, the yellow ball in the new Mega Millions logo continued to read "The Big Game" until February 2003, after which it was replaced with six stars representing the original members of the consortium. The Megaplier number is randomly picked using the probability table below.    If your state has a �Megaplier� and if your state follows the probabilities posted on the Mega Million web site, then a calculation can be made for the expected return if you pay an additional $1.

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However, this has to be reduced by 40% for taxes. Decide if you want to include the Megaplier or take the Just the Jackpot option, if it's available in your jurisdiction. Both lotteries opted to join The Big Game, which, at the time, was offered in seven states. Eastern Time on Tuesday and Friday evenings, including holidays.[1] Mega Millions is administered by a consortium of its 12 original lotteries;[2] the drawings are held at the studios of WSB-TV in Atlanta, Georgia,[1] supervised by the Georgia Lottery.

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1569 (Used for after tax calculation) Total for last 8 rows                                  0. Except for the 2010 cross-selling expansion, this was the only time The Big Game or Mega Millions simultaneously added more than one member. 5 Million 10/25/2013 Thomas Armstrong Palmdale, CA $189 Million 10/1/2013 Lucky Family Anne Arundel County, MD $80 Million 7/5/2013 Dick Zelasko Troy, MI $30 Million 5/31/2013 Darryl & Judith Smith Mays Landing, NJ $99 Million 5/17/2013 Lewis Howard Cumberland, VA $99 Million 5/17/2013 Giuseppe Garofalo Monmouth County, NJ $19 Million 2/5/2013 Judy Juntunen Atlantic Mine, MI $89 Million 1/25/2013 Angel Guallpa-Mayancela Essex County, NJ $50 Million 11/27/2012 Zippy Vonier Thomasville, GA $33 Million 11/2/2012 Philip Cimino Garden City Park, NY $30. California's second prize is a "secondary jackpot"; its payout sometimes exceeds $1 million cash, even though California does not offer the Megaplier.[33] Payment options and claiming prizes[edit] In Georgia, New Jersey, and Texas, players must choose, in advance, whether they wish to collect a jackpot prize in cash or annuity. 00 to buy the Megaplier option, your expected before tax return is $0. Thus, if the lottery officials proclaim that a given lottery drawing had 5 million �winners�, then there were about 5,000,000 x 23. Jackpot probability/odds (Payout varies)    The number of ways the first 5 numbers on your lottery ticket can match the 5 White numbers is COMBIN(5,5) = 1. The first three numbers (4, 8, 15) and mega ball (42) in the Mega Millions drawing matched the first three numbers and the final number (which Hurley also used as the "mega ball" number) in the Lost sequence. Mega Millions jackpot winners will select their payment preference at the time of their prize claim. Chicago-based cable superstation WGN-TV simulcast Mega Millions drawings on its national WGN America feed immediately following WGN's 9pm (Central Time) newscast.