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ABC News Yunji De Nies and Suzan Clarke report: Mega Millions fever is gripping the nation. Mega Millions officials may reduce prize levels for Mega Millions and/or Megaplier in the event that an unanticipated number of winner claims exceed the available prize fund for a given draw. 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. It's strongly recommended that where there are large sums of money involved you seek expert tax advice.

Combinatorics Calculations    In any combinatorics problem where all possible outcomes are equally likely, the probability of a successful outcome is determined by finding the number of successful combinations, and then dividing by the total number of all combinations. Draw up an agreement and have the members of your pool sign it. The Mega Millions double matrix changed, from 5/75 + 1/15 to the current 5/70 + 1/25.[13] The starting jackpot became $40 million, with minimum rollovers of $5 million. Remember, the advertised Mega Millions jackpot is the annuity jackpot, which means it's the amount that you would receive if you were to opt for the money to be paid out over 29 annual payments (plus a one-off initial payment). The total number of ways to pick the 6 numbers is the product of these two partial calculations. Winning HistoryGame Tool Track the history behind your favorite Jackpot games, from winning numbers to Colorado Jackpot winners and more.

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The Powerball jackpot and Mega Millions jackpots are both over $400 million at the same time for the first time. 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. 000000003304961888, which yields �One chance in 302,575,350�. ABC News Yunji De Nies and Suzan Clarke report: Mega Millions fever is gripping the nation.

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If there are 500,000 tickets in play, the expected before tax value of one ticket for just the Jackpot only is 0. 00 ticket includes the extremely low probability that you might win a large prize � for example $10,000 or more. Annuity option: The Mega Millions annuity is paid out as one immediate payment followed by 29 annual payments. Share This Article: Percentages and other statistics listed on this page should be considered estimates. Before Tax Return on Investment     It is interesting to calculate what the long term expected return is for each $2.

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The holder of the Georgia ticket claimed the next morning; they selected the cash option, which amounted to $173,819,742. Not known is whether a second series of playslips would be printed for lotteries offering "Just the Jackpot" beginning after the October 28, 2017 format change. "Just the Jackpot" wagers and regular Mega Millions plays are printed on separate tickets. The probability of success is thus: 325/302,575,350  = 0. Tickets are $2.  Powerball, meanwhile, creeped up to $384 million. The needy have a greater fear of losing the hard-earned money they gamble with. In such instances the dollars allocated to each prize level impacted will be divided equally among all winners of the prize.The winning numbers drawn for Friday's Mega Millions jackpot are 4, 10, 18, 28 and 62 with a Mega Ball number is 7. The Kicker is another extra $1 option, but it is available only to players in Ohio. Mega Millions officials may reduce prize levels for Mega Millions and/or Megaplier in the event that an unanticipated number of winner claims exceed the available prize fund for a given draw. Florida joined Mega Millions on May 15, 2013; the first drawing to include Florida-bought tickets was two days later. For payout information of all participating states please visit www.megamillions.com. 50 Strategy Software Advantage Gold software makes all the charts for this game, to automate the process of choosing the best numbers to play. If we follow the 700 million ticket row to the right until we reach the $600 million column, we find an expected cash jackpot value of $1.