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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. The table below shows the percentage chances for various �piddling returns�.     If you spend $1,000 to buy 500 tickets ( = 1 ticket for each of 500 Mega Millions games = 1 ticket per Mega Millions game, 2 times a week for 4.

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. The overall odds of winning any prize are 1 in 24, which is slightly better than that of Powerball, which are 1 in 24.

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Rockwell, NC $1 Million 11/19/2013 Newcan Company Employees Holbrook, MA $1 Million 11/15/2013 Migdalia Julia Irondequoit, NY $1 Million 11/12/2013 Hilton & Alicia Cancel Floral Park Village, NY $0. F. **The jackpot prize will be shared among jackpot winners in all MEGA MILLIONS states. **The jackpot prize will be shared among jackpot winners in all MEGA MILLIONS states. The selection is too far out of balance to come up in a random drawing, and even if it did, the prize would be very low due to sharing with so many other winners.

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Draws take place in Atlanta, Georgia, on Tuesdays and Fridays, at 11 p.m. Except for the 2010 cross-selling expansion, this was the only time The Big Game or Mega Millions simultaneously added more than one member. 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. 2 Billion.)    Thus the game has been transformed into 700 million tickets in play for a cash jackpot that is now worth $600 million. 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. However, this has to be reduced by 40% for taxes.

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1 REPEATED NUMBER COMBINATIONS AVOID: number combinations that have been drawn before. Remaining non-jackpot prizes will be multiplied 2, 3, 4, ... Mega Millions' previous format began on October 19, 2013; its first drawing was three days later. Play your personal numbers if you feel these lucky numbers are good to play, but include a few high numbers so that you win a prize that's worth something (not shared with many other winners) if your numbers hit. By playing with a group, you can afford to buy more lottery tickets—and play larger wheeling systems—than you could (or should) by yourself. By knowing which number combinations and patterns to avoid, you'll have an advantage over such players—and save money, too. Annuity option: The Mega Millions annuity is paid out as one immediate payment followed by 29 annual payments. However, this means the jackpot can grow to surpass the billion-dollar mark with relative ease. 5 million, and future annual payments would grow to about $6. Thus, the total number of equally likely Mega Millions combinations is 12,103,014 x 25 = 302,575,350.