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If you win, you will pay 40% of your winnings back in taxes - which leaves an expected after tax value of $0. The annuity—which was 20 annual payments (no cash option was available) when The Big Game began—changed from 26 equal yearly installments to 30 graduated annual payments (increasing 5 percent yearly) with the format change on October 19, 2013. The largest Mega Millions jackpot ever won on a single ticket was $319 million on March 25, 2011. Q 127: How do I pick the best numbers to use for just the Mega Ball?

However, unlike Powerball, Mega Millions has a $3 "Just the Jackpot" option that gives players two tickets, but only pays out if the player wins the jackpot. Note: This web page had over 50,000 hits for the large Jackpot on Jan. Quick Pick On a Mega Millions play slip, mark the QUICK PICK (QP) box on each play, or ask the clerk for a quick pick, to let the computer terminal randomly pick numbers. Both winners chose the cash option, with each share $116,557,083 before withholdings.[11] 2010 cross-sell expansion[edit] The New Jersey Lottery, among others, in early 2009 announced it would seek permission to sell Powerball tickets alongside Mega Millions.

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0856. (And remember, you paid $2 for this ticket.)    These calculations can be used to form a table that shows the expected cash return per ticket ( = expected cash value per ticket). Multi-State Lottery Mega Millions prize payout amounts and odds of winning.

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A fifth matrix change occurred in October 2013, when both pools were altered to help accelerate the build-up of prize money. These are the same rates for the Powerball game, too, so you can't really avoid it by playing a certain game, unfortunately. Mega Millions winning tickets in Florida and Maryland for $400M jackpot - Duration: 0:39. Click on the link below and fill out the subscription form. Learn More About the Mega Millions Game Odds of Winning Mega Millions What are your chances of winning the Mega Millions? 5 PATTERN BETTING AVOID: playing a combination based on how the marked numbers look on your ticket Pattern betting is an even more popular method of marking bet slips, but it is not a good way to win Mega Millions.

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The number of ways the 4 losing initial numbers on your ticket can match any of the 65 losing White numbers is COMBIN(65,4) = 677,040.  The number of ways your final number can match the Mega number is: COMBIN(1,1) = 1. Lottery Strategies to help you win Mega Millions Strategy Book These free lotto tips to help you play the game smarter are a sample from Gail Howard's lotto book, Lottery Master Guide. Record jackpots[edit] The largest Mega Millions jackpot, advertised as $640 million at the time of the drawing (annuitized) or $462 million (cash value), was drawn on March 30, 2012. Take your tickets and head to your favorite lottery retailer today to "Play it Again"!How To Play‍ Pick 5 of 70 and 1 of 25 On a Mega Millions play slip mark five (5) numbers of your choice from 1 to 70 in the upper portion of the panel and mark one (1) Mega Ball number of your choice from 1 to 25 in the lower, yellow portion of the panel. Learn More About the Mega Millions Game Odds of Winning Mega Millions What are your chances of winning the Mega Millions? They chose the cash option, splitting $175 million before federal withholdings.[9] This remains the largest prize won by a single Mega Millions ticket. Be sure to include the game(s) you want, your name and your mailing address. But, this is still a very popular game due to the draw of very high jackpots. 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. Therefore, (75 x 74 x 73 x 72 x 71)/ (5 x 4 x 3 x 2 x 1) x 15 = 258,890,850, which means any combination of five white balls plus the Megaball has a 1:258,890,850 chance of winning the jackpot. Jackpots start at a minimum of $40 million and there are eight more prize tiers rewarding players who match fewer numbers.