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What all lottery players should know if they win over $1B Mega Millions, Powerball jackpots Powerball jackpot surpasses half-billion dollar mark after no winning tickets sold Mega Millions jackpot jumps to $418 million "Congratulations to Florida on their big jackpot win," Mega Millions lead director and Maryland Lottery chief Gordon Medenica said in a statement. "This has been an exciting run for Mega Millions players and a great way to start off the new year! Combination       Cash Payout       Probability      Contribution ----------------------------------------------------------------- 5 White + Mega    $228,000,000      3. However, unlike Powerball, Mega Millions has a $3 "Just the Jackpot" option that gives players two tickets, but only pays out if the player wins the jackpot. The minimum age to purchase a Mega Millions ticket is 18, except in Arizona, Iowa and Louisiana, where the minimum is 21, and in Nebraska; its minimum is 19. Justin Sullivan/Getty Images Powerball and Mega Millions lottery tickets are displayed, Jan. Learn the luckiest numbers, winning history and as always – expect the unexpected.

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). 55, over 16% off regular price!) ADD PB COMBO PACKAGE TO YOUR CART Are you ready to START WINNING? CASH IN ON A POSITIVE ATTITUDE No one should play games of chance out of desperation because they need the winnings. However, this has to be reduced by 40% for taxes. Note: This web page had over 50,000 hits for the large Jackpot on Jan. 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.

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Corollary    You can get a close estimate for the number of tickets that were in play for any given game by multiplying the announced number of �winners� by the above 23. For example, for an advertised jackpot of $200 million, the initial payment would be approximately $3 million, with future payments growing to as much as $12. After that, depending on the jurisdiction you're in, you may have even more to pay back. 7 HOT NUMBER LOTTERY SECRETS PLAY: more numbers that have hit in the past 10 drawings.

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Versions of (The Big Game) Mega Millions[edit] Versions of The Big Game and Mega Millions have used different matrices: Megaplier[edit] Mega Millions players have the option to activate a multiplier, called Megaplier, in 45 of its 46 jurisdictions; it is functionally similar to Powerball's Power Play. (Neither Megaplier nor Power Play are offered in California because its state penal code distinguishes between a "lottery" in which the bank cannot be "broken", and a "banked game" whose bank theoretically could be broken; only a "lottery" was authorized by the state Lottery Act.) By doubling the wager in a Mega Millions game to $2, players have an opportunity to multiply any non-jackpot prize by 2, 3, 4 or 5. You win if the numbers on one row of your ticket match the numbers of the balls drawn on that date. 8 LOW NUMBER COMBINATIONS AVOID: playing ages and dates that are all low numbers Most lotto players pick the calendar numbers, such as birth dates, anniversaries, and their children's ages.

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5 million, and future annual payments would grow to about $6. Man Who Wins $5 Million Just One Year After Taking Home $100,000! 6 million, making them the highest odds of any other state or multi-state lottery game ever played in the United States. 5%      48,431,551        1,505,144          6,195,375   5. Thus, if the lottery officials proclaim that a given lottery drawing had 5 million �winners�, then there were about 5,000,000 x 23. But, this is still a very popular game due to the draw of very high jackpots. F. **The jackpot prize will be shared among jackpot winners in all MEGA MILLIONS states. **The jackpot prize will be shared among jackpot winners in all MEGA MILLIONS states. 5 to 1 � which would be an increase of 1 ticket in play for every $2 increase in the annuity Jackpot.)    For example, if the preceding game had an advertised annuity payout amount of $200,000,000 and the current game has an advertised annuity payout amount of $250,000,000, then there are about 250,000,000 - 200,000,000 = 50,000,000 tickets in play for the current game. (Past Jackpot amounts can be seen at: . The best piece of advice regarding tax laws is: If you win a large amount of money playing the lottery, get in touch with the relevant jurisdiction officials to advise you on what you'll be expected to pay. Match 1 out of 5 White numbers and match the Mega number (Payout = $4)    The number of ways 1 of the 5 first numbers on your lottery ticket can match the 5 White numbers is COMBIN(5,1) = 5. 5 billion.[14] three jackpot-winning tickets had been confirmed (Illinois, Kansas, and Maryland).[15] Mega Millions' second-largest jackpot, $648 million, was for the December 17, 2013 drawing. Read about Mega Millions prizes and odds of winning. So, for the best way to win Mega Millions, wheel less than about 40 of the 70 total numbers. 1569 back in again to get an expected after tax return of $1.