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If there are 500,000 tickets in play, the expected before tax value of one ticket for just the Jackpot only is 0. 81 % chance that you will get back $80 or less 89. The cash payout value for these lottoreport numbers would be about one-half the announced Jackpot annuity amount.) �N�   Number                           �K� of tickets         Number of tickets holding the Jackpot combination in play            0       1       2       3       4       5       6 ---------------------------------------------------------------------- 100,000,000     0. In 2005, Mega Millions was the target of a mailing scam.

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 first (The Big Game) Mega Millions drawing was held two days later, on May 17. 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. 000000003304961888, which yields �One chance in 302,575,350�. The drawing will be Saturday.  The odds of winning one of the jackpots is roughly one in 259 million for Mega Millions and one in 292 million for Powerball. 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.

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5 Million 5/9/2014 Milandi Almaweri Alameda County, CA $1 Million 5/2/2014 Michael Fuchs Long Beach, NY $30 Million 4/4/2014 Leopoldo Choi Los Angeles, CA $1 Million 4/1/2014 Matthew White, Jr. 5 LOTTO NUMBER SUM ADVICE - PLAY A BALANCED GAME® PLAY: 5 numbers that add up to 141-240 After you choose five Mega Millions lottery numbers you want to play, add them together and make sure that the sum of the five numbers adds up to somewhere between 141 and 240. You can select QUICK PICK for any or all of the 5 numbers in the upper panel and/or the 1 number in the lower panel.

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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. The number of balls in the main draw increased to 75, while the Mega Ball pool decreased to just 20 numbers. History of Mega Millions When it started in May 2002, Mega Millions replaced the Big Game lottery. Mega Millions With rolling jackpots starting at $40 million, Mega Millions is more exciting than ever!

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Jackpots could be claimed only via the annuity option. 01 and $5,000, you'll have to declare this amount on a Federal tax form so that the government is aware. 2 Megaplier® Prize Amount - Any non-grand/jackpot prize you win in a Mega Millions play will be multiplied by the Megaplier number drawn if you have purchased the Megaplier feature. Total ticket cost will depend on the number of panels and draws you play and if you select the Megaplier option. The cash value for any Jackpot is about one-half the annuity value which brings the real value down to $1,000,000,000. A letter bearing the Mega Millions logo was used in a string of lottery scams designed to trick people into providing personal financial information by cashing bogus checks. You benefit more by wheeling a carefully selected group of lotto numbers. Advantage Gold: use Chart 4 to track the trends and find the hot numbers. Lotto Wheeling Systems to help you win Mega Millions Use a wheel to arrange a larger group of numbers into sets of tickets to buy to guarantee a minimum prize. After Colorado and South Dakota joined Mega Millions, this raised the number of lotteries offering the Megaplier to 37. The Kicker is another extra $1 option, but it is available only to players in Ohio. An average $228,000,000 cash payout (decline the annuity) is assumed for the Jackpot. (Could be your portion of a shared Jackpot.) (Note that this "cash payout" is about one half of the advertised Jackpot amount.