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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). The annuity—which was 20 annual payments (no cash option was available) when The Big Game began—changed from 26 equal yearly installments to 30 graduated annual payments (increasing 5 percent yearly) with the format change on October 19, 2013. Mike Segar/Reuters A vendor who sells lottery tickets hangs a sign for the Powerball drawing at a news stand in midtown Manhattan, Jan. It costs an additional $1 for the Megaplier play. 0 because you would win �1 unit� of the sub prizes just from your simple ticket purchase. 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.

Match 4 out of 5 White numbers but not match the Mega number (Payout = $500)    The number of ways 4 of the 5 first numbers on your lottery ticket can match the 5 White numbers is COMBIN(5,4) = 5. If you play only the calendar numbers, you are missing out on more than half the number field, and your tickets will be very unbalanced. Advantage Gold: use Chart I to see the current bias for odd/even numbers. On May 28, 2010, North Carolina became the first Powerball member (just before the cross-selling expansion) to produce a jackpot-winning Mega Millions ticket after joining Mega Millions, with an annuity jackpot of $12 million. The best mix is to have 3/2 or 2/3 which means three high and two low, or two high and three low.

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Metro News; Mega Millions winner in California; Powerball over $200 million: Ohio Lottery results hot spot to go; Also, buy your California Numbers lottery tickets online. Advantage Gold: use Chart H to play more high or low numbers based on the current trend.

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494. (The after tax return would be less than this.) Just the Jackpot    The new version of Mega Millions provides still another way to play the game.  You can pay $3 for 2 quick picks that only participate in the Jackpot prize. (You don't have to worry about matching any of the other combinations.)    If there is an advertised Jackpot of $1 billion then the cash value of the Jackpot is about $500 million. With nine ways to win, Mega Millions is a $1 game thats filled with mega-fun. This "guarantee" did not carry over to the following version of Mega Millions, although the $1 million second prize became $5 million if the Megaplier is 5x. Americans are much more likely to get struck by lightning (odds of one in 13,500) or to die in a car accident (one in 645).  While the old lottery campaign "You've got to be in it to win it" holds true, the real value in buying a ticket may simply be to enjoy the dream of winning.Difference Between Cash Value and Annuity If you win a Mega Millions jackpot, you will choose how to be paid: Cash Option or Annual Payout.

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If you take the annuity, you will get a series of payments that will increase at 5% per year. Mega Millions® Matches, Prizes and Odds (based on a $2 play) Overall odds of winning a prize are approximately 1:24 *If there are multiple winners of the Jackpot on any given drawing, the prize money will be divided equally among all the winners. How to Play Mega Millions To play Mega Millions, a lotto player chooses five numbers (White Balls) from 70 numbers, and then selects one Gold MEGA Ball number from 1 to 25. Advantage Gold: use Chart E to see more information about group trends. Not only are they unlucky, but they dampen enthusiasm and drain energy from others. SLH files tracking these games, which start over from the new format. The "Big Money Ball" became the "Mega Ball." While the game's name was altered, the yellow ball in the new Mega Millions logo continued to read "The Big Game" until February 2003, after which it was replaced with six stars representing the original members of the consortium. 00 that you spend for Mega Millions tickets, you can expect to get back about $1.