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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. Multiple      Odds               Probability      Contribution    2         1 in 3                0. Be sure to include the game(s) you want, your name and your mailing address. On May 15, 2002, the game was renamed The Big Game Mega Millions; shortly after, it became just Mega Millions. Then a single number (the Mega Number) is picked from a second pool that has 25 numbers.

They chose the cash option, splitting $175 million before federal withholdings.[9] This remains the largest prize won by a single Mega Millions ticket. Combination       Cash Payout       Probability      Contribution ----------------------------------------------------------------- 5 White + Mega    $228,000,000      3. And the chances of winning both, for those of you thinking really big? The 11 Mega Millions lotteries without Megaplier on the January 31, 2010 cross-selling date gradually added the multiplier option; by January 2011, all Mega Millions lotteries, except for California, offered the Megaplier. For payout information of all participating states please visit www.megamillions.com.

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The software and pick-5 wheels will still work for this game. If the preceding Mega Millions game had no Jackpot winner, then find the difference in the annuity Jackpot amount for the prior game vs. the current annuity Jackpot amount. 0 Contribution = �Multiple� times �Probability�    1. 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. 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.

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Even four consecutive numbers is a very rare occurrence that, in most Lotto games, has never happened once. Play your personal numbers if you feel these lucky numbers are good to play, but include a few high numbers so that you win a prize that's worth something (not shared with many other winners) if your numbers hit. 01 and $5,000, you'll have to declare this amount on a Federal tax form so that the government is aware. Draws take place in Atlanta, Georgia, on Tuesdays and Fridays, at 11 p.m. Advantage Gold: use Chart E to track which group to omit and which to play more heavily.

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Winning HistoryGame Tool Track the history behind your favorite Jackpot games, from winning numbers to Colorado Jackpot winners and more. Multiple Draws You may purchase a ticket good for up to 20 consecutive draws by marking the number of draws under the "Multi Draw" column. 2 or more numbers repeated occurs less than 4% of the time. After a jackpot win, the Mega Millions jackpot resets to $40 million, which is the same as Powerball. 00 that you spend for Mega Millions tickets, you can expect to get back about $1. 1569 (Used for after tax calculation) Total for last 8 rows                                  0. ABC News Yunji De Nies and Suzan Clarke report: Mega Millions fever is gripping the nation. Combinatorics Calculations    In any combinatorics problem where all possible outcomes are equally likely, the probability of a successful outcome is determined by finding the number of successful combinations, and then dividing by the total number of all combinations. If this is representative of what happened at Mega Millions headquarters, I extend my deepest sympathy to their computers. Match 2 out of 5 White numbers and match the Mega number (Payout = $10)    The number of ways 2 of the 5 first numbers on your lottery ticket can match the 5 White numbers is COMBIN(5,2) = 10.