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Federal Trade Commission website New Spin On Sweepstakes Scams on U.Difference Between Cash Value and Annuity If you win a Mega Millions jackpot, you will choose how to be paid: Cash Option or Annual Payout. Get to Know the Megaplier in Three Steps Select the Megaplier box on your Mega Millions ticket.

Five balls are drawn from a set of balls numbered 1 through 70; one ball is drawn from a set of balls numbered 1 through 25. 79 % chance that you will get back $64 or less 58. As a consequence, the probabilities of a single Jackpot winner will be somewhat lower and the probabilities of no winner or multiple winners will tend to be slightly higher than the numbers shown below. WGN served as a default carrier of both major games where no local television station carried either multi-jurisdictional lottery's drawings. 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.

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View Complete Game Rules ➞ GAME ODDS Prizes equal 50% of overall sales. A player choosing this option is not eligible for any of the eight lower-tier prizes; therefore, the Megaplier option is not available for Just the Jackpot wagers. Beginning with the October 22, 2013 drawing, the second-tier prize (Match 5 + 0) is increased by 2, 3, 4 or 5 times when Megaplier is purchased. Match 4 out of 5 White numbers but not match the Mega number (Payout = $500)    The number of ways 4 of the 5 first numbers on your lottery ticket can match the 5 White numbers is COMBIN(5,4) = 5.

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It's strongly recommended that where there are large sums of money involved you seek expert tax advice. 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. 5 Million 2/14/2014 Rondal & Eumeka Saxton Los Angeles, CA $1 Million 2/7/2014 Randy Brown Man, WV $0. In addition to the lotto jackpot, there are eight other ways to win Mega Millions in prize categories from $2 (Mega Ball only) to $1,000,000 (for 5 numbers matched without the Mega Ball). If you play only the calendar numbers, you are missing out on more than half the number field, and your tickets will be very unbalanced.

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This "guarantee" did not carry over to the following version of Mega Millions, although the $1 million second prize became $5 million if the Megaplier is 5x. And be sure to play with people you actually know. 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. Don�t forget that a large prize will throw you into a top tax bracket.    First, we check the expected value of a ticket in the table that we calculated earlier. 0 Contribution = �Multiple� times �Probability�    1. If your prize is $500 or more, obtain a Claim Form from a Vermont Lottery sales agent location where Mega Millions is sold. Mega Millions lottery jackpot analysis shows the amount a grand prize winner would actually get after federal and state taxes are withheld from the prize money. ... WGN served as a default carrier of both major games where no local television station carried either multi-jurisdictional lottery's drawings. Certain jurisdictions consider lottery winnings taxable under income tax laws - you can find these rates for each jurisdiction below. Thoughts are charged with energy, especially when triggered by emotion.