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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. A cash value option (the usual choice), when chosen by a jackpot winner, pays the approximate present value of the installments. Note: You can get a rough estimate of the number of tickets in play as follows.

Mega Millions can trace its roots back to August 1996, when it was launched as The Big Game and sold tickets across six states for its Friday night draws. Match 3 out of 5 White numbers but not match the Mega number (Payout = $10)    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.

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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. The first machine continued to hold white 52 balls, while 16 gold balls were added in the second, meaning there were 52 numbers to pick from in both parts of each $1 game. As a practical matter, it is unlikely that you will ever buy enough tickets (fork out enough money) to ever have much of a chance for any of the large prizes. 5%      56,062,409        1,505,144          6,195,375   4. The minimum jackpot was then $15 million, with rollovers of at least $5 million. 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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For a typical jackpot of $100 million, the initial payment would be about $1. Kyle (of the Virginia Lottery.) The Big Game initially was drawn weekly, on Friday. The holder of the California ticket claimed on January 3, 2014. (The California ticket holder received an equal share, but potentially a larger cash-option amount, as California lottery winnings are exempt from state income tax)."[3][4][5][16] [17] Mega Millions' third-largest jackpot, $540 million, was for the July 8, 2016 drawing. Certain jurisdictions consider lottery winnings taxable under income tax laws - you can find these rates for each jurisdiction below. Lottery results for the California (CA) Mega Millions and winning numbers for the last 10 draws. Mega Millions' fifth-largest jackpot annuity value ($390 million) was for the March 6, 2007 drawing. It is just one of life's dirty tricks that the very fear of losing blocks the winning forces. 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. In an effort to top the Powerball jackpots, the new Mega Millions lottery has increased the jackpot odds by 40 percent—and added more states to the mix. Lottery Strategies to help you win Mega Millions Strategy Book These free lotto tips to help you play the game smarter are a sample from Gail Howard's lotto book, Lottery Master Guide. Double-check your numbers and the draw date before signing the back of your ticket and cashing it in. The Powerball jackpot and Mega Millions jackpots are both over $400 million at the same time for the first time.