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Beginning in January 1999, jackpot winners were given the option to receive their prize in cash. REBEL Wilson could be awarded millions of dollars in damages after her epic court win against Bauer Media. 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). Certain jurisdictions consider lottery winnings taxable under income tax laws - you can find these rates for each jurisdiction below.

The number of ways your fifth initial number can match any of the 65 losing White numbers is COMBIN(65,1) = 65.  The number of ways your final number can match any of the 24 losing Mega numbers is: COMBIN(24,1) = 24. But to get the most leverage for your money, the optimum number of numbers to wheel is not more than four or five numbers over HALF the numbers in your game. Mega Millions is a double-matrix game requiring players to match five white numbers from a possible 70, followed by one red Mega Gall from a second pool of 25, in order to win the top prize. 000001074 4 White No Mega         500    1 in 38,791.

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Note: This web page had over 50,000 hits for the large Jackpot on Jan. It's true that the more numbers you wheel, the easier it is to trap the winning numbers in your chosen group. 0 to get the expected return if you buy the �Megaplier� option. (0. The cash payout value for these lottoreport numbers would be about one-half the announced Jackpot annuity amount.) �N�   Number                           �K� of tickets         Number of tickets holding the Jackpot combination in play            0       1       2       3       4       5       6 ---------------------------------------------------------------------- 100,000,000     0.

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If a jackpot prize is not claimed within the respective jurisdiction's time limit, each of the 46 Mega Millions members get back the money they contributed to that jackpot. 5 Million 5/9/2014 Milandi Almaweri Alameda County, CA $1 Million 5/2/2014 Michael Fuchs Long Beach, NY $30 Million 4/4/2014 Leopoldo Choi Los Angeles, CA $1 Million 4/1/2014 Matthew White, Jr.

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Thus the probability that you will join this statistical group is 2 x 1. The bad news is that you paid $3 to get something worth $1. The Megaplier offers players the chance to receive a payout up to $5 million, without winning the jackpot. The first (The Big Game) Mega Millions drawing was in 2002; see below. (What is now Mega Millions initially was offered in six states; the logo for all versions of the game following the retiring of The Big Game name featured a gold-colored ball with six stars to represent the game's initial membership.) Mega Millions is drawn at 11 p.m. Your overall chances of winning any prize are 1 in 24. If we split a number field in half, we have the low half and the high half. TICKET SALES & REDEMPTION No ticket sales during these times: TUE & FRI: 7:30 P. 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. Beginning in January 1999, jackpot winners were given the option to receive their prize in cash. The probability of success is thus: 7,800/302,575,350 = 0. The minimum age to purchase a Mega Millions ticket is 18, except in Arizona, Iowa and Louisiana, where the minimum is 21, and in Nebraska; its minimum is 19. Record jackpots (listed by cash value)[edit] Revenue[edit] Approximately 50% of Mega Millions sales is returned to players as prizes; the remainder is split (each lottery has different rules regarding these funds) among retailers, marketing, and operations, as well as the 46 jurisdictions offering the game; different lotteries uses the proceeds in different ways.[41] Miscellany[edit] In the aftermath of the attack on the World Trade Center on September 11, 2001, the legislature in Albany, fearing a monumental loss of revenue, passed legislation the following month, which was signed by Governor George Pataki, which included joining a multi-jurisdictional lottery game. 0 because you would win �1 unit� of the sub prizes just from your simple ticket purchase. The Megaplier multiplier (2, 3, 4 or 5) is drawn before the Mega Millions winning numbers.