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Just the Jackpot™ Play offers 2 chances to win the Mega Millions® Grand Prize for $3. Cash or annuity payment choice must be made within 60 days of claiming the prize. Each jurisdiction's lottery operates independently, and so the disparities in claim periods tend to stem from the operators aligning them with claim periods of their other lottery games.

Treat the five mega million white balls as you would any pick-5 game. Texas Lottery Commission only reports the payout information for Texas winners. Remaining non-jackpot prizes will be multiplied 2, 3, 4, ...

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Tickets must be claimed no later than 180 days after the draw date. The jackpot is $306 million.  There is a one-time cash option of $193 million.   If there is no winner, the next drawing will be Tuesday, Jan. 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.

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History[edit] The Big Game[edit] The Big Game logo prior to the Mega Millions name change. Robert, MO $1 Million 10/24/2014 Kennedy Howard Montgomery, AL $1 Million 10/21/2014 42 MEGAwatts Oakbrook, IL $1 Million 10/17/2014 Delavan Co-Workers Delavan, WI $0. 0856. (And remember, you paid $2 for this ticket.)    These calculations can be used to form a table that shows the expected cash return per ticket ( = expected cash value per ticket). The "cash value" is usually about one half of the advertised Jackpot amount. Just the Jackpot wagers are eligible for the Mega Millions Grand Prize ONLY!

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Under the current version's regulations (which began October 28, 2017 with the first drawing October 31) for Mega Millions, the minimum Mega Millions advertised jackpot is $40 million, paid in 30 graduated yearly installments, increasing 5 percent each year (unless the cash option is chosen; see below for differences by lotteries on cash/annuity choice regulations.) The jackpot increases when there is no top-prize winner[1] (see below for information on how the Mega Millions jackpot is funded.) As of December 13, 2017, there has yet to be a jackpot winner under the current Mega Millions format, including wagers for the newly created Just the Jackpot option. Not only were New Jersey's in-house games (such as Pick-6) not drawn for about a week, but all New Jersey lottery terminals were shut down, meaning Mega Millions could not be played in New Jersey, even though Mega Millions was drawn as usual. 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. 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. If there are 500,000 tickets in play, the expected before tax value of one ticket for just the Jackpot only is 0. For payout information of all participating states please visit www.megamillions.com.