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0 because you would win �1 unit� of the sub prizes just from your simple ticket purchase. Cash option: A one-time, lump-sum payment that is equal to the cash in the Mega Millions jackpot prize pool.Buying draw games can be as simple as these three little words…"Play it again"!

Lottery results for the California (CA) Mega Millions and winning numbers for the last 10 draws. You will never miss a draw or a high jackpot and your winnings will be sent to you automatically. All five winning numbers drawn from one group is highly unlikely.

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In an effort to top the Powerball jackpots, the new Mega Millions lottery has increased the jackpot odds by 40 percent—and added more states to the mix. The product of these is the number of ways you can get this configuration:  COMBIN(5,3) x COMBIN(65,2) x COMBIN(24,1) = 499,200. Buy your lottery ticket online or in stores for Mega Millions number drawings held every Tuesday and Friday! One quick way to tell winners from losers is simply to ask them: "Do you think you are a lucky person?" Many people quickly admit, "I'm unlucky.

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A cash value option (the usual choice), when chosen by a jackpot winner, pays the approximate present value of the installments. 999999996695 COMBIN(N,K)  = number of ways to select K items from a group of N items x   =  multiply terms ^   =  raise to power (e.g.  2^3 = 8 ) Sample Calculation to Find the Expected Cash Ticket Value Considering the Number of Tickets That are in Play    For this example we will assume the cash value of the Jackpot is $400,000,000 (The advertised value of Jackpot would be about double this.) and there are 300,000,000 tickets in play for the current game. 2 Megaplier® Prize Amount - Any non-grand/jackpot prize you win in a Mega Millions play will be multiplied by the Megaplier number drawn if you have purchased the Megaplier feature. Many players like to bet the numbers that have won someone else a big jackpot, and by doing so, they are almost guaranteed NOT to win. 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.

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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. Sums that fall within that range (the Most Probable Range of Sums) will account for over 70% of all lottery jackpots won. CASH IN ON A POSITIVE ATTITUDE No one should play games of chance out of desperation because they need the winnings. 0%      30,912,469        1,505,144          6,195,375 (All results rounded to the nearest $1)    Note that the cash value of the Jackpot is normally about one half of the advertised value of the Jackpot. If the results of these random number selections match one of the winning combinations on your lottery ticket, then you win something. Thus the "expected value" of your $2 ticket will be on the left side of the table unless the advertised Jackpot is over One $Billion. (That's a "B")    We can also see what happens to the expected value of a ticket if a buying frenzy should develop at this point. Available for Pick-3, Pick-4, Jersey Cash 5, Pick-6, CASH4LIFE, Mega Millions, Powerball and Quick Draw wagers. 4 1-2-3-4-5 AVOID: playing the combination 1-2-3-4-5 or other popular sets of numbers. Cash Value of a Game    If you win the Jackpot, you have the option of either accepting 30 annuity payments (A cash amount that is paid annually), or you can take a lump sum "cash value" payment. 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).