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Frequently Asked Questions About Mega Millions Frequently Asked Questions About Mega Millions Q 114: How do I use a lotto wheel to win Mega Millions? The retailer will also get $100,000 for selling the ticket.

6 million — which is about the same as the first prize jackpot odds of a 6/48 game. When the jackpot is $50 million, each payment is half as big, etc. California's second prize is a "secondary jackpot"; its payout sometimes exceeds $1 million cash, even though California does not offer the Megaplier.[33] Payment options and claiming prizes[edit] In Georgia, New Jersey, and Texas, players must choose, in advance, whether they wish to collect a jackpot prize in cash or annuity. Hayward Phillips didnt run out to the store to buy a Mega Millions ticket.

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Taxes will subsequently be subtracted/withheld from these payments.)    If  you take an immediate cash payment instead of the 30 year annuity, you will get about one half (before taxes) of the advertised "annuity" value of the game. 62 by 300,000,000 to get an average cash Jackpot payout per ticket of $0. Give yourself the chance to win huge US lottery prizes today! 2017 version, the price of a ticket has been increased to $2 from $1. The Texas Lottery owns the trademark to Megaplier.[8] On June 24, 2005, to commemorate California joining Mega Millions, that night's drawing was held in Hollywood, with Carrie Underwood assisting host Glenn Burns for the draw. View ➞ Luckiest StoresGame Tool See how lucky your local retailer really is with our easy-to-use tool.

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3 Million 10/17/2014 Sean Ransom Inglewood, CA $1 Million 10/14/2014 Lisa Metz Hutchison, KS $1 Million 10/14/2014 Michael Schmitt Massapequa Park, NY $1. 5 Million 11/18/2014 Jaylene Smith San Jose, CA $1 Million 11/4/2014 John Manganiotis Saddle Brook, NJ $326 Million 11/4/2014 Harold Diamond Wurtsboro, NY $4 Million 11/4/2014 Margaret Clark Coram, NY $0.

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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. 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. 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. The odds of winning or sharing a Mega Millions jackpot (2013-2017 version): 1 in about 258. Upon winning the jackpot the player may choose, following ticket validation, either the annuity payment option or the cash payment option.