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If you take the annuity, you will get a series of payments that will increase at 5% per year. In a 70-number game like Mega Millions, numbers 1 to 35 would be in the low half, and numbers 36 to 70 would be in the high half. If we made a list of all the participants in a lottery, it might include: 1) Federal Government (Lottery winnings are taxable) 2) State Governments (Again lottery winnings are taxable) 3) State Governments (Direct share of lottery ticket sales) 4) Merchants that sell tickets (Paid by the lottery organizers) 5) Lottery companies (Hint: They are not doing all this for free) 6) Advertisers and promoters (Paid by the lottery companies) 7) Lottery ticket buyers (Buy lottery tickets and receive payouts) The winners in the above list are: 1) Federal Government 2) State Government (Taxes) 3) State Government (Direct share) 4) Merchants that sell tickets 5) Lottery companies 6) Advertisers and promoters And the losers are:     (Mathematically challenged and proud of it) Also please see the related calculations for Powerball .   Return to Durango Bill's Home page.

Other designs such as patterns of initials or numbers or crosses also get heavy play. The product of these is the number of ways you can get this configuration:  COMBIN(5,3) x COMBIN(65,2) x COMBIN(1,1) = 20,800.

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Print the completed form, sign it and mail to the Vermont Lottery along with your check or money order. For more information, you can ask your local lottery retailer and you can also contact your nearest lottery office.The Lottery offers players both instant and drawing-style games. If you express this as �One chance in ???�, you just divide �1� by the 0. As of January 2016, there are 46 lotteries offering Mega Millions and Powerball; Florida joined Mega Millions in May 2013. (Puerto Rico, whose lottery began in the 1930s, currently does not offer Mega Millions). The Powerball jackpot and Mega Millions jackpots are both over $400 million at the same time for the first time.

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Mega Millions Small Print Claim Period You have between 180 and 365 days to claim any prize depending on your jurisdiction. IMPORTANT: All prizes must be claimed within one (1) year of the winning draw date on the ticket. For example, for an advertised jackpot of $200 million, the initial payment would be approximately $3 million, with future payments growing to as much as $12. WGN served as a default carrier of both major games where no local television station carried either multi-jurisdictional lottery's drawings. Multiple      Odds               Probability      Contribution    2         1 in 3                0.

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For the rest of this web page, we will just refer to these exact values as "about one half" instead of the above exact values.    As an example of scaling for different sized Jackpots, if the interest rate is 4% and the advertised annuity Jackpot is $300,000,000, then multiply the results in the 4% row by 3 to get the corresponding instant cash payout amount or annual annuity payout amounts. It is assumed that the number selections on each ticket are picked randomly. In Texas and most other locations, you can also choose to pay an addition $1 per game to multiply any non-jackpot prizes by 2x, 3x, or 4x with the Megaplier to increase your smaller winnings. On Tuesday and Friday nights, the Mega Millions live drawings take place during the 11 p.m. news on your official New York Lottery TV drawing station. Tickets for The Big Game began to be sold in Georgia, Illinois, Maryland, Massachusetts, Michigan, and Virginia on August 31, 1996. When the jackpot is $50 million, each payment is half as big, etc. The number of balls in the main draw increased to 75, while the Mega Ball pool decreased to just 20 numbers. The Powerball jackpot and Mega Millions jackpots are both over $400 million at the same time for the first time. 7 Million 5/26/2015 Charles Messenger Salinas, CA $1 Million 5/22/2015 Peter Marino Everett, MA $1 Million 5/8/2015 Carolyn Keras Steubenville, OH $1 Million 4/28/2015 Kansas winner Wichita, KS $1 Million 4/21/2015 Charles Bibbs Henrico, VA $1 Million 4/21/2015 South Carolina winner Columbia, SC $1 Million 4/17/2015 Fred Morgan Detroit, MI $5 Million 4/3/2015 David Kalanik Oakland County, MI $0. 0054 Any entry in the table can be calculated using the following equation: Prob. = COMBIN(N,K) x (Pwin^K) x (Pnotwin^(N-K)) Where: N = Number of tickets in play K = Number of tickets holding the Jackpot combination Pwin = Probability that a random ticket will win ( = 1 / 302,575,350  =  0.