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Kentucky has since added "Just the Jackpot", with other lotteries potentially adding it. The drawing will be Saturday.  The odds of winning one of the jackpots is roughly one in 259 million for Mega Millions and one in 292 million for Powerball. Mega Millions With rolling jackpots starting at $40 million, Mega Millions is more exciting than ever! For the calculations below, an advertised "annuity" value for the Jackpot of $100,000,000 is assumed. (The $100,000,000 could be your share of a shared Jackpot.) The amounts in the table can be directly scaled for any arbitrary Jackpot size. (All amounts are BEFORE taxes.) Interest    Immediate      First Payment      Last Payment   Rate     Cash Payout    If Take Annuity    If Take Annuity   3. Like Powerball, this is a big jackpot game that must have bad odds of winning in order to create lotto prizes in the hundreds of millions to close to a billion dollars range. The Megaplier number is randomly picked using the probability table below.    If your state has a �Megaplier� and if your state follows the probabilities posted on the Mega Million web site, then a calculation can be made for the expected return if you pay an additional $1.

Available for Pick-3, Pick-4, Jersey Cash 5, Pick-6, CASH4LIFE, Mega Millions, Powerball and Quick Draw wagers. Mega Millions lottery jackpot analysis shows the amount a grand prize winner would actually get after federal and state taxes are withheld from the prize money. ... Lower interest rates will increase this fraction while higher interest rates will decrease the cash payout.    The following table shows the relative amounts that you would receive given various interest rates. With nine ways to win, Mega Millions is a $1 game thats filled with mega-fun.

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On March 1, 2010, Montana became the first MUSL member to add Mega Millions after the cross-sell expansion. Share This Article: Percentages and other statistics listed on this page should be considered estimates.

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So, the ROB (Return On Bet) is very poor for the other prize categories as well. Thus it is probable that all you will ever get back from your ticket purchases are piddling small amounts.     The percentages for these small amounts can be calculated. 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. On the other hand, some residents of New York City and Yonkers, New York pay three levels of income tax, as these cities levy income taxes.

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Be sure to include the game(s) you want, your name and your mailing address. 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. 0005 Total for last 6 rows                                   0. The largest Mega Millions jackpot ever won on a single ticket was $319 million on March 25, 2011. For a copy of the winner's list, please email us at customer.service@lottery.state.tx.us. 0.   Thus we have calculated that the average multiplier is 2. The product of these is the number of ways you can get this configuration:  COMBIN(5,0) x COMBIN(65,5) x COMBIN(1,1) = 8,259,888. However you get 2 tickets which brings the expected value up to $1.