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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). How to Claim ➞ IT'S EASY TO PLAY PICK YOUR NUMBERS Choose 5 from 70 and 1 from 25 numbers for Mega Millions. 24698 to this amount to give an "expected before tax, cash value of $1. However, this has to be reduced by 40% for taxes.

In addition to the lotto jackpot, there are eight other ways to win Mega Millions in prize categories from $2 (Mega Ball only) to $1,000,000 (for 5 numbers matched without the Mega Ball). The game costs $2 a ticket and is played by picking five numbers from a set of 70 and one Mega Ball number from a set of 25. Add the Megaplier option for an extra $1 per line of play and multiply your winnings up to five times the original amount (excluding jackpot). All prizes of $10,000 and above are reduced 40% to allow for federal and state taxes. Match 2 out of 5 White numbers and match the Mega number (Payout = $10)    The number of ways 2 of the 5 first numbers on your lottery ticket can match the 5 White numbers is COMBIN(5,2) = 10. Frequently Asked Questions About Mega Millions Frequently Asked Questions About Mega Millions Q 114: How do I use a lotto wheel to win Mega Millions?

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The Big Game Mega Millions[edit] The Big Game Mega Millions logo following the addition of the name Mega Millions Ohio and New York joined The Big Game consortium on May 15, 2002, when the game was renamed The Big Game Mega Millions, temporarily retaining the old name and the original "gold ball" logo. The new option is two plays for $3; only the jackpot can be won (or shared) on this wager.[3][4][5] The largest jackpot in Mega Millions history was $656 million annuity value (with a cash option of $474 million) for the March 30, 2012 drawing, in which there were three jackpot-winning tickets; one each in Illinois, Kansas, and Maryland. 0%      52,053,422        1,505,144          6,195,375   4. The increased popularity of the game led to an additional Tuesday draw being introduced in February 1998. 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.

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On May 15, 2002, the game was renamed The Big Game Mega Millions; shortly after, it became just Mega Millions. Before the agreement, the only stores which sold Mega Millions and Powerball tickets were retailers whose business was on a border between jurisdictions which sold competing games. For each of these, the probability of winning equals the number of winning combinations for that particular configuration divided by the total number of ways the Mega Millions numbers can be picked. Sharing the ticket cost with others stretches your Lotto budget. Click on the link below and fill out the subscription form.

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Vermont Mega Millions Megaplier® For an extra $1 per play, you can multiply your Mega Millions prize by 2, 3, 4 or 5 times the original prize amount (for all prizes except the jackpot). In certain states, such as Wisconsin, your numbers will be generated by the terminal. Before Tax Return on Investment     It is interesting to calculate what the long term expected return is for each $2. 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. For the rest of this web page, we will just refer to these exact values as "about one half" instead of the above exact values.    As an example of scaling for different sized Jackpots, if the interest rate is 4% and the advertised annuity Jackpot is $300,000,000, then multiply the results in the 4% row by 3 to get the corresponding instant cash payout amount or annual annuity payout amounts. Match 3 out of 5 White numbers and match the Mega number (Payout = $200)    The number of ways 3 of the 5 first numbers on your lottery ticket can match the 5 White numbers is COMBIN(5,3) = 10. In certain states, such as Wisconsin, your numbers will be generated by the terminal.