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The October 28, 2017 Mega Millions' format change resulted in the game's first price increase: plays are $2 each ($3 with the Megaplier; up from $1 and $2 respectively); as part of the format change, the "Just the Jackpot" option was introduced to seven of the game's members. Every Day. news Powerball jumps, though Mega Millions worth much more Not that either prize is chump change. October 2017 format/price point change[edit] On October 28, 2017, the price of a Mega Millions play doubled, to $2; the first drawing under the current price point was October 31, 2017. 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. Taxes will subsequently be subtracted/withheld from these payments.)    If  you take an immediate cash payment instead of the 30 year annuity, you will get about one half (before taxes) of the advertised "annuity" value of the game. If we follow the 700 million ticket row to the right until we reach the $600 million column, we find an expected cash jackpot value of $1.

Match 1 out of 5 White numbers and match the Mega number (Payout = $4)    The number of ways 1 of the 5 first numbers on your lottery ticket can match the 5 White numbers is COMBIN(5,1) = 5. Before Tax Return on Investment     It is interesting to calculate what the long term expected return is for each $2. The game costs $2 a ticket and is played by picking five numbers from a set of 70 and one Mega Ball number from a set of 25. The probability of success is thus: 325/302,575,350  = 0. The probability of success is thus: 20,800/302,575,350 = 0. Buy your lottery ticket online or in stores for Mega Millions number drawings held every Tuesday and Friday!Mega Millions (which began as The Big Game in 1996 and renamed, temporarily, to The Big Game Mega Millions six years later) is an American multi-jurisdictional lottery game; it is offered in 44 states, the District of Columbia, and the U.

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You pick five numbers out of seventy and one number out of twenty-five to win Mega Millions. 6 Million 3/30/2012 Merle & Patricia Butler Red Bud, IL $32 Million 8/19/2011 Candido Oliveira Dorchester, MA $107 Million 7/1/2011 Brian McCarthy McLean, VA $27 Million 5/13/2011 Kendall Warren Kalamazoo, MI $51 Million 5/3/2011 Ronnie Orender Bakersfield, CA $72 Million 4/15/2011 John Gillen Staten Island, NY $319 Million 3/25/2011 The Albany 7 Albany, NY $46. 99 ~= 120,000,000 tickets purchased that did not win the Jackpot. ("~=" means "approximately equal to") Alternately, there were about 120,000,000 - 5,000,000 ~= 115,000,000 tickets that did not win anything. Advantage Gold: use Chart 5 to see which numbers are more likely to become repeat hits. Thus, if the lottery officials proclaim that a given lottery drawing had 5 million �winners�, then there were about 5,000,000 x 23. Mega Millions jackpot winners will select their payment preference at the time of their prize claim.

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5%      56,062,409        1,505,144          6,195,375   4. The probability of success is thus: 1/302,575,350 = 0. This numeric result is approximately equal to the number of tickets in play. (Technically, this 1 to 1 ratio is variable.

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Texas Lottery Commission only reports the payout information for Texas winners. Learn More About the Mega Millions Game Odds of Winning Mega Millions What are your chances of winning the Mega Millions? Patterns of numbers marked in a row to make a straight line, either across the bet slip vertically or diagonally get heavy play—which means sharing the prize with others if the numbers are drawn as winners. 6 million, making them the highest odds of any other state or multi-state lottery game ever played in the United States. VIEW ALL GAME TOOLS MEGA MILLIONS PAYOUTS & ODDS OF WINNING Jackpot starts at $40 million. Thus the probability that you will join this statistical group is 2 x 1.