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Americans are much more likely to get struck by lightning (odds of one in 13,500) or to die in a car accident (one in 645).  While the old lottery campaign "You've got to be in it to win it" holds true, the real value in buying a ticket may simply be to enjoy the dream of winning.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. Tickets for The Big Game began to be sold in Georgia, Illinois, Maryland, Massachusetts, Michigan, and Virginia on August 31, 1996. 5%      56,062,409        1,505,144          6,195,375   4. The largest Mega Millions jackpot ever won on a single ticket was $319 million on March 25, 2011. On May 15, 2002, the game was renamed The Big Game Mega Millions; shortly after, it became just Mega Millions.

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. A cash value option (the usual choice), when chosen by a jackpot winner, pays the approximate present value of the installments. Match 0 out of 5 White numbers and match the Mega number (Payout = $2)    The number of ways 0 of the 5 first numbers on your lottery ticket can match the 5 White numbers is COMBIN(5,0) = 1. Each jurisdiction's lottery operates independently, and so the disparities in claim periods tend to stem from the operators aligning them with claim periods of their other lottery games. Generally (an exception is Virginia), minors can win on tickets received as gifts; the rules according to each Mega Millions member vary for minors receiving prizes.

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Remember, the advertised Mega Millions jackpot is the annuity jackpot, which means it's the amount that you would receive if you were to opt for the money to be paid out over 29 annual payments (plus a one-off initial payment). You win by matching the numbers drawn with the numbers on your Vermont Mega Millions ticket for that draw date. The minimum jackpot was then $15 million, with rollovers of at least $5 million. 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.

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494. (The after tax return would be less than this.) Just the Jackpot    The new version of Mega Millions provides still another way to play the game.  You can pay $3 for 2 quick picks that only participate in the Jackpot prize. (You don't have to worry about matching any of the other combinations.)    If there is an advertised Jackpot of $1 billion then the cash value of the Jackpot is about $500 million. The overall odds of winning any prize are 1 in 24, which is slightly better than that of Powerball, which are 1 in 24.

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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. SLH files tracking these games, which start over from the new format. If you take the annuity, you will get a series of payments that will increase at 5% per year. Follow the instructions on the Claim Form to submit your claim. With nine ways to win, Mega Millions is a $1 game thats filled with mega-fun. The current version of Mega Millions uses a 5/70 (for the white balls) plus 1/25 (for the "Mega Ball") double matrix to select its winning numbers.