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The calculated value of a ticket includes the possibility that you will share the Jackpot with someone else.    The first calculation is: �What is the probability that the jackpot will be won?� This is simply (1. 999999996695 COMBIN(N,K)  = number of ways to select K items from a group of N items x   =  multiply terms ^   =  raise to power (e.g.  2^3 = 8 ) Sample Calculation to Find the Expected Cash Ticket Value Considering the Number of Tickets That are in Play    For this example we will assume the cash value of the Jackpot is $400,000,000 (The advertised value of Jackpot would be about double this.) and there are 300,000,000 tickets in play for the current game. Kyle (of the Virginia Lottery.) The Big Game initially was drawn weekly, on Friday. The product of these is the number of ways you can get this configuration:  COMBIN(5,2) x COMBIN(65,3) x COMBIN(1,1) = 436,800.

1128 probability that exactly two of these tickets will have the same winning combination. You can select QUICK PICK for any or all of the 5 numbers in the upper panel and/or the 1 number in the lower panel. 0%     $60,506,809       $1,505,144         $6,195,375   3. Megaplier     Some states use a Megaplier feature to increase non-jackpot prizes by 2, 3, 4 or 5 times. 2 million -- the claim must be filed within 60 days of the drawing. The holder of the California ticket claimed on January 3, 2014. (The California ticket holder received an equal share, but potentially a larger cash-option amount, as California lottery winnings are exempt from state income tax)."[3][4][5][16] [17] Mega Millions' third-largest jackpot, $540 million, was for the July 8, 2016 drawing.

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The maximum value of a single Vermont Mega Millions ticket shall not exceed $100. Not only are they unlucky, but they dampen enthusiasm and drain energy from others. All Member States MEGA Millions Payout 2017-12-08. ORDER (M-F 8am-5pm EST): 1-727-441-8906 TECH SUPPORT (M-F 1pm-5pm EST): 1-727-441-8714 Lottery Winning Systems & Strategies CART Turn a game of luck into a game of skill!Notes: In the case of a discrepancy between these numbers and the official drawing results, the official drawing results will prevail. 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. Annuity Option winners will be paid in 30 annual installments unless otherwise indicated by the Commission. **Subject to published Multi-State Lottery Association Rules, the prize amounts indicated here may be modified.

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If no one wins the jackpot, the money is added to the jackpot for the next drawing.Mega Millions at a Glance Mega Millions is one of the two large multi-state lottery games played in the U. You win by matching the numbers drawn with the numbers on your Vermont Mega Millions ticket for that draw date. Thus, the total number of equally likely Mega Millions combinations is 12,103,014 x 25 = 302,575,350. 99 ~= 120,000,000 tickets purchased that did not win the Jackpot. ("~=" means "approximately equal to") Alternately, there were about 120,000,000 - 5,000,000 ~= 115,000,000 tickets that did not win anything. In 2005, Mega Millions was the target of a mailing scam.

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0%      39,488,405        1,505,144          6,195,375   8. Thousands of tickets are bought with this combination every drawing. The Mega Millions double matrix changed, from 5/75 + 1/15 to the current 5/70 + 1/25.[13] The starting jackpot became $40 million, with minimum rollovers of $5 million. October 2013 format change[edit] The final 5/56 + 1/46 Mega Millions drawing was held on October 18, 2013; that night's jackpot of $37 million was not won. In an effort to top the Powerball jackpots, the new Mega Millions lottery has increased the jackpot odds by 40 percent—and added more states to the mix. The odds of winning all those hundreds of millions are one in 302,575,350 (most recently up from 1:258,890,850). The added populations of the two new jurisdictions, in turn, led to a larger double matrix. CASH IN ON A POSITIVE ATTITUDE No one should play games of chance out of desperation because they need the winnings. Tickets are $2.  Powerball, meanwhile, creeped up to $384 million. These changes might affect the validity of certain statistical information shown across this site.