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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. Beginning with the October 22, 2013 drawing, the second-tier prize (Match 5 + 0) is increased by 2, 3, 4 or 5 times when Megaplier is purchased. Many times, more than the minimum 3 of the number groups are not represented.

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). Buy your lottery ticket online or in stores for Mega Millions number drawings held every Tuesday and Friday!

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Until January 2016, the game held the honour of generating the third-largest lottery jackpot in the world, after three winning ticket holders split a top prize of $656 million in March 2012. Record jackpots[edit] The largest Mega Millions jackpot, advertised as $640 million at the time of the drawing (annuitized) or $462 million (cash value), was drawn on March 30, 2012. 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!!! Read about Mega Millions prizes and odds of winning.

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Find out just how much you will get from the Powerball and Mega Millions lotteries. Mega Millions Jackpot records: 2nd largest Jackpot - March 30, 2012: jackpot of $656 million which was split among 3 winners. The number of ways the 2 losing initial numbers on your ticket can match any of the 65 losing White numbers is COMBIN(65,2) = 2,080.  The number of ways your final number can match any of the 24 losing Mega numbers is: COMBIN(24,1) = 24. Mega Millions offers a $40 Million starting jackpot and a second-tier ...

More Info About Mega Millions Lottery How Many Numbers To Win

99 ~= 120,000,000 tickets purchased that did not win the Jackpot. ("~=" means "approximately equal to") Alternately, there were about 120,000,000 - 5,000,000 ~= 115,000,000 tickets that did not win anything. Tickets must be claimed no later than 180 days after the draw date. The number of ways your final number can match the Mega number is: COMBIN(1,1) = 1. The initial estimate for that drawing (following the March 27 drawing, which was $363 million annuity) was $476 million (later increased to $500 million and again to $540 million); brisk ticket sales pushed the jackpot values, both annuitized (to $656 million) and the cash option ($474 million) higher. 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. The overall probability of winning any prize was 1 in 14. The other Mega Millions members allow the cash/annuity choice to be made after winning (usually 60 days after claiming the ticket), although in Florida the 60-day "clock" starts with the drawing in which the jackpot prize was won.