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The calculated value of a ticket includes the possibility that you will share the Jackpot with someone else.    The first calculation is: �What is the probability that the jackpot will be won?� This is simply (1. 24698 (Used for before taxes, non Jackpot, cash value calculations) Thus, for each $2. A letter bearing the Mega Millions logo was used in a string of lottery scams designed to trick people into providing personal financial information by cashing bogus checks. Get to Know the Megaplier in Three Steps Select the Megaplier box on your Mega Millions ticket. Match 3 out of 5 White numbers and match the Mega number (Payout = $200)    The number of ways 3 of the 5 first numbers on your lottery ticket can match the 5 White numbers is COMBIN(5,3) = 10. 5 Million 2/13/2015 Bill Deluca Coalinga, CA $1 Million 1/30/2015 Marianna Lauro Kenilworth, NJ $265 Million 1/16/2015 Jesus Davila Jr.

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). Mega Millions Small Print Claim Period You have between 180 and 365 days to claim any prize depending on your jurisdiction.

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Drawings[edit] Drawings are usually held at the studios of WSB-TV in Atlanta, Georgia.[1][38] The original host was WSB's chief meteorologist, Glenn Burns. View ➞ Colorado Lottery App The Colorado Lottery’s mobile app is the golden ticket of apps – it costs you nothing and is worth millions. Depending on your jurisdiction, claim any prize up to 180-365 days after the draw. Tickets In Play        < - - - -   Cash Jackpot Size in Millions   - - - - > In Millions   100   200   300   400   500   600   700   800   900  1000 -----------------------------------------------------------------------      100     0. Be sure to include the game(s) you want, your name and your mailing address.

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When Texas joined Mega Millions in 2003, it began offering an option, initially available only to Texas Lottery players, known as the Megaplier, which was similar to Powerball's Power Play. Mark the Megaplier box on your play slip or ask the clerk to add the Megaplier option. Be sure to include the game(s) you want, your name and your mailing address. An unreadable barcode could delay payout of a winning ticket if it cannot be scanned. When the jackpot is $50 million, each payment is half as big, etc. Kyle (of the Virginia Lottery.) The Big Game initially was drawn weekly, on Friday.

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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. This chart shows the various Megaplier prizes, payouts and the odds of a certain Megaplier number being drawn: Just the Jackpot Just the Jackpot was introduced in October 2017 and gives players two chances at winning the jackpot prize for the price of $3. For the November 15, 2005 drawing, a group called "The Lucky 7" held the only jackpot-winning ticket, purchased in Anaheim, California, winning $315 million. The "Megaplier" option (which again is not offered in California) was retained, with an adjustment to its multipliers. (The final jackpot for the $1 version was $30 million, which was not won; the initial jackpot for the new version would still be $40 million with a jackpot hit.) Mega Millions prize tiers effective October 28, 2017 (changed amounts in boldface) for a $2 base play (except prizes won in California): 5+MB: Jackpot; starting jackpot raised to $40 million (annuity value) 5+0: $1,000,000 ($1,000,000) 4+MB: $10,000 ($5,000) 4+0: $500 ($500) 3+MB: $200 ($50) 3+0: $10 ($5) 2+MB: $10 ($5) 1+MB: $4 ($2) 0+MB: $2 ($1) The new prize structure allocates roughly 75 percent of the prize pool for the jackpot; this is, in part, to facilitate the new Just the Jackpot option. The ticket was worth over $211 million annuity (the cash option was chosen). How to Get Lucky at Mega Millions POOL YOUR WAY TO LOTTO RICHES Several of the 107 Lotto jackpots won with Smart Luck lottery systems were won by groups of people who pooled their money. Even four consecutive numbers is a very rare occurrence that, in most Lotto games, has never happened once. Balanced Wheels® force all the winning numbers that are in your group to come together to give you at least one prize if some or all of the winning numbers are in your chosen group. Taxes If your Mega Millions ticket nets you more than $5,000, you'll be expected to pay 25% Federal tax right off the bat. Mega Millions Total Combinations    Since the total number of combinations for Mega Millions numbers is used in all the calculations, we will calculate it first. It is just one of life's dirty tricks that the very fear of losing blocks the winning forces. Thus the expected cash Jackpot payout by the lottery is $400,000,000 times 0. You win if the numbers on one row of your ticket match the numbers of the balls drawn on that date. In Mega Millions, with two drawings a week, a set of five numbers plus the Gold Mega Ball has a chance of being drawn once every 2,909,378 years!!!