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After a jackpot win, the Mega Millions jackpot resets to $40 million, which is the same as Powerball. ABC News Yunji De Nies and Suzan Clarke report: Mega Millions fever is gripping the nation. We will use this number for each of the following calculations.

All prizes of $10,000 and above are reduced 40% to allow for federal and state taxes. 6 million, making them the highest odds of any other state or multi-state lottery game ever played in the United States. Drawings are held twice a week, on Tuesdays and Fridays.

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You will never miss a draw or a high jackpot and your winnings will be sent to you automatically. A ticket is not a valid winning ticket until it is presented for payment and meets the Commission's validation requirements. But, this is still a very popular game due to the draw of very high jackpots. On March 6, 2007, the Mega Millions jackpot reached $390 million,[10] which is the record for the third largest jackpot in U.

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For an additional fee of $1, players can purchase the Megaplier option to multiply all non-jackpot wins by the draw's Megaplier number. October 2013 format change[edit] The final 5/56 + 1/46 Mega Millions drawing was held on October 18, 2013; that night's jackpot of $37 million was not won. One such usage involved character Hugo "Hurley" Reyes playing the sequence in a similar "Mega Lotto" game, winning a nine-figure jackpot and subsequently experiencing numerous misfortunes in his personal life. What all lottery players should know if they win over $1B Mega Millions, Powerball jackpots Powerball jackpot surpasses half-billion dollar mark after no winning tickets sold Mega Millions jackpot jumps to $418 million "Congratulations to Florida on their big jackpot win," Mega Millions lead director and Maryland Lottery chief Gordon Medenica said in a statement. "This has been an exciting run for Mega Millions players and a great way to start off the new year! DRAWING DETAILS Drawing Days Tuesdays & Fridays at approximately 9:00 p.m. 0856. (And remember, you paid $2 for this ticket.)    These calculations can be used to form a table that shows the expected cash return per ticket ( = expected cash value per ticket).

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7 Million 3/31/2015 Anthony Fazzini Oakley, CA $1 Million 3/27/2015 Charles Miller Roslyn, NY $1 Million 3/27/2015 Ricardo Abeyta Los Lunas, NM $58 Million 3/24/2015 Lucky 16 Trust Manhattan, NY $1 Million 3/24/2015 Anthony Paruolo King's Park, NY $1. However, almost all jackpot winners take the cash option that is paid in one lump sum that, on average, is 60% of the advertised jackpot. The number of ways the 3 losing initial numbers on your ticket can match any of the 65 losing White numbers is COMBIN(65,3) = 43,680.  The number of ways your final number can match the Mega number is: COMBIN(1,1) = 1. How to Play Mega Millions and Its Odds & Prizes Steps on Taking Part in Mega Millions Pick five main numbers from a set of 1-70 and one Mega Ball number from a set of 1-25. If you express this as �One chance in ???�, you just divide �1� by the 0. Mega Millions winnings are exempt from state income tax in California; while Florida, New Hampshire, South Dakota, Tennessee, Texas, Washington state, and Wyoming do not have an income tax. However, almost all jackpot winners take the cash option that is paid in one lump sum that, on average, is 60% of the advertised jackpot. Custom Game Alerts Easy Second-Chance Entries Exclusive Events & Contests Sign Up for MyLottery CLAIM WINNINGS Think you’re a winner? See how many times your favorite numbers have been drawn, and take your best guess of what will be drawn next. Tickets are $2.  Powerball, meanwhile, creeped up to $384 million.