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Advantage Gold: use Chart E to see more information about group trends. SLH files tracking these games, which start over from the new format. If you win, you will pay 40% of your winnings back in taxes - which leaves an expected after tax value of $0. Mike Segar/Reuters A vendor who sells lottery tickets hangs a sign for the Powerball drawing at a news stand in midtown Manhattan, Jan.

00002578 3 White + Mega          200    1 in 14,546. 0%      39,488,405        1,505,144          6,195,375   8. The overall odds of winning any prize are 1 in 24, which is slightly better than that of Powerball, which are 1 in 24. The Megaplier continues to be drawn by Texas Lottery computers, as California does not offer the multiplier.

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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. The calculated value of a ticket includes the possibility that you will share the Jackpot with someone else.    The first calculation is: �What is the probability that the jackpot will be won?� This is simply (1. 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. Roughly one in 75 quadrillion -- that's 15 zeros -- according to data scientists at Allstate.  To understand how unlikely those odds are, it's worth comparing them to the probability of other unlikely events. Annuity Option winners will be paid in 30 annual installments unless otherwise indicated by the Commission. **Subject to published Multi-State Lottery Association Rules, the prize amounts indicated here may be modified.

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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. Among the casualties were the Atlantic City casinos and the New Jersey Lottery. Draws take place in Atlanta, Georgia, on Tuesdays and Fridays, at 11 p.m. 79 % chance that you will get back $64 or less 58. Just the Jackpot wagers are eligible for the Mega Millions Grand Prize ONLY!

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Mega Millions Small Print Claim Period You have between 180 and 365 days to claim any prize depending on your jurisdiction. 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. If you want to see the claim period of a specific jurisdiction, you can do so by checking out the table below. Just the Jackpot™ Play offers 2 chances to win the Mega Millions® Grand Prize for $3. 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. They were generated with Advantage Gold software, but every new drawing can alter values slightly, so this page may be outdated from the exact current values. Certain jurisdictions consider lottery winnings taxable under income tax laws - you can find these rates for each jurisdiction below. 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. Prize Draw Information Last Jackpot Mega Millions Numbers (Last 10 Draws) Mega Millions Odds & Prize Draw Breakdown Lottery Odds Mega Millions Draw Details Mega Millions is drawn on the following days Mega Millions History The Mega Millions game has a complex history, which has seen five matrix changes, a name change and several revisions to its prize tiers.