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Otherwise, you'll be spending MORE money chasing a SMALLER guaranteed prize. 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. 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). The 2013-2017 version allocated about 68 percent towards the jackpot. "Just the Jackpot" option[edit] Each of the 46 Mega Millions participants, in preparation for the October 28, 2017 format change, were given the choice of offering a $3, two-game play (called "Just the Jackpot"). Thus the "expected value" of your $2 ticket will be on the left side of the table unless the advertised Jackpot is over One $Billion. (That's a "B")    We can also see what happens to the expected value of a ticket if a buying frenzy should develop at this point. 52 % chance that you will get back $572 or less 99.

On January 31, 2010, Mega Millions expanded to include the 23 MUSL members; as of that date, 35 jurisdictions were participating in Mega Millions. If the results of these random number selections match one of the winning combinations on your lottery ticket, then you win something. If the preceding Mega Millions game had no Jackpot winner, then find the difference in the annuity Jackpot amount for the prior game vs. the current annuity Jackpot amount. Patterns of numbers marked in a row to make a straight line, either across the bet slip vertically or diagonally get heavy play—which means sharing the prize with others if the numbers are drawn as winners. 0%     $60,506,809       $1,505,144         $6,195,375   3. In the revised format, players chose 5 of 75 white ball numbers, and the "Gold Ball" number out of 15.

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9 Million 12/12/2014 Young Soon Cho Los Angeles, CA $1 Million 12/5/2014 Mark Paul Chicopee, MA $0. The Texas Lottery owns the trademark to Megaplier.[8] On June 24, 2005, to commemorate California joining Mega Millions, that night's drawing was held in Hollywood, with Carrie Underwood assisting host Glenn Burns for the draw.

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On March 13, 2010, New Jersey became the first Mega Millions participant (just before the cross-sell expansion) to produce a jackpot-winning ticket for Powerball after joining that game. 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. View one of Gail Howard's winner stories: Cynthia C won 2nd prize in Mega Millions, all 5 winning numbers without the Mega Ball.

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Probability values are from the �300,000,000� row above. As of January 2016, there are 46 lotteries offering Mega Millions and Powerball; Florida joined Mega Millions in May 2013. (Puerto Rico, whose lottery began in the 1930s, currently does not offer Mega Millions). There are nine ways to win a prize, from $2 to the jackpot. Port Richey resident Yuna Catania told ABC News she was "in shock" to learn the winning ticket was in her own town. "Of all the places in the United States -- Port Richey!" Catania said she played the lottery, but didn't buy her ticket at the winning 7-Eleven. "Unfortunately we didn't win!" she said. 5 Million 11/18/2014 Jaylene Smith San Jose, CA $1 Million 11/4/2014 John Manganiotis Saddle Brook, NJ $326 Million 11/4/2014 Harold Diamond Wurtsboro, NY $4 Million 11/4/2014 Margaret Clark Coram, NY $0. And this is for an advertised $2 Billion Jackpot. Each of the 46 lotteries have rules in regards to unclaimed prizes; most Mega Millions members set aside unclaimed winnings for educational purposes.[34][35] In 2007, a $31 million prize went unclaimed in New York.[36] Many prizes of $250,000 each have been unclaimed, including several in Michigan for 2007 drawings.[37] Mega Millions winners have either 180 days (California non-jackpot prizes only) or one year to claim prizes, including the jackpot (although some Mega Millions winners lose the right to collect a jackpot in cash if they wait more than 60 days after the drawing). Prizes and odds (2013-2017 version): 5 numbers plus the Mega Ball (5+1): 1 in 258,890,850 5 numbers but not the Mega Ball (5+0): 1 in 17,259,390 4+1: 1 in 739,688 4+0: 1 in 52,835 3+1: 1 in 10,720 3+0: 1 in 766 2+1: 1 in 473 1+1: 1 in 56 Mega Ball only: 1 in 21[12] The odds for winning the $1 prize, 1 in 21, reflected the possibility of matching at least one of the white balls, as well as the Mega Ball. 00 ticket investment when a large Jackpot is in play    While the above calculation represents an average Mega Millions game, we might ask what the expected after tax return on your investment might be if a huge Jackpot exists. Every Day. news Powerball jumps, though Mega Millions worth much more Not that either prize is chump change. Hayward Phillips didnt run out to the store to buy a Mega Millions ticket. In 2005, Mega Millions was the target of a mailing scam. 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. Also if the numbers picked in the drawing are clustered at the high end of the 1-70 range, there will tend to be relatively less �partial match� winners.