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Cash Value of a Game    If you win the Jackpot, you have the option of either accepting 30 annuity payments (A cash amount that is paid annually), or you can take a lump sum "cash value" payment. Not known is whether a second series of playslips would be printed for lotteries offering "Just the Jackpot" beginning after the October 28, 2017 format change. "Just the Jackpot" wagers and regular Mega Millions plays are printed on separate tickets. It is unlikely that even 4 same last digits will hit together. The Mega Millions jackpot resets to its new starting value of $40 million ($25 million cash) for the next drawing on Tuesday.

They were generated with Advantage Gold software, but every new drawing can alter values slightly, so this page may be outdated from the exact current values. If your prize is less than $500, take your winning ticket to any Vermont Lottery agent locations where Mega Millions is sold for validation and payment. Probability of winning something    If we add all the ways you can win something we get: 1 + 24 + 325 + 7,800 + 20,800 + 499,200 + 436,800 + 3,385,200 + 8,259,888 = 12,610,038 different ways of winning something.

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Winning the Mega Millions Jackpot The Mega Millions jackpot now starts at $40 million, but most often grows from that into a very large jackpot since the game is played in so many states and is so difficult to win. Lottery winning numbers for Mega Millions, 31 October 2017 - Check Lottery & Lotto Results, Play Lotto on Multilotto.com.

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Many players like to bet the numbers that have won someone else a big jackpot, and by doing so, they are almost guaranteed NOT to win. 0054 Any entry in the table can be calculated using the following equation: Prob. = COMBIN(N,K) x (Pwin^K) x (Pnotwin^(N-K)) Where: N = Number of tickets in play K = Number of tickets holding the Jackpot combination Pwin = Probability that a random ticket will win ( = 1 / 302,575,350  =  0. 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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0.   Thus we have calculated that the average multiplier is 2. The Megaplier continues to be drawn by Texas Lottery computers, as California does not offer the multiplier. 6 Million 3/30/2012 The Three Amigos Milford Mill, Maryland $218. 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 0 out of 5 White numbers and match the Mega number (Payout = $2)    The number of ways 0 of the 5 first numbers on your lottery ticket can match the 5 White numbers is COMBIN(5,0) = 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. As a consequence, the probabilities of a single Jackpot winner will be somewhat lower and the probabilities of no winner or multiple winners will tend to be slightly higher than the numbers shown below. Claim Forms are available at the Vermont Lottery and at any People's United Bank. Many players like to bet the numbers that have won someone else a big jackpot, and by doing so, they are almost guaranteed NOT to win. 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). Payouts through October 18, 2013: Overall probabilities: 1 in 755 of winning any of the top six prizes,[20] 1 in 40 of winning any prize.[32] In California, prize levels are paid on a parimutuel basis, rather than the fixed lower-tier amounts for winners in other Mega Millions jurisdictions. This leaves an expected after tax value of the jackpot of $0. The overall odds of winning any prize are 1 in 24, which is slightly better than that of Powerball, which are 1 in 24. The Megaplier is drawn by the Texas Lottery (before the cross-sell expansion on January 31, 2010, it was the only lottery to offer Megaplier), which is drawn by a random number generator (RNG).