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However you get 2 tickets which brings the expected value up to $1. First Mega Millions copies Powerball's game format, then tries to replace it as America's Favorite Lottery Game. In 2005, Mega Millions was the target of a mailing scam. The Lottery Books and Software with All the Winners! $101,832,154 IN JACKPOT PRIZES WON BY 107 LOTTERY WINNERS Lottery Winners "We were one of three winners who split Michigan's $45,851,401 jackpot on February 25, 1995.

Both winners chose the cash option, with each share $116,557,083 before withholdings.[11] 2010 cross-sell expansion[edit] The New Jersey Lottery, among others, in early 2009 announced it would seek permission to sell Powerball tickets alongside Mega Millions. When Texas joined Mega Millions in 2003, it began offering an option, initially available only to Texas Lottery players, known as the Megaplier, which was similar to Powerball's Power Play. 5%      56,062,409        1,505,144          6,195,375   4. On March 6, 2007, the Mega Millions jackpot reached $390 million,[10] which is the record for the third largest jackpot in U. Cash Value of a Game    If you win the Jackpot, you have the option of either accepting 30 annuity payments (A cash amount that is paid annually), or you can take a lump sum "cash value" payment.

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Americans are much more likely to get struck by lightning (odds of one in 13,500) or to die in a car accident (one in 645).  While the old lottery campaign "You've got to be in it to win it" holds true, the real value in buying a ticket may simply be to enjoy the dream of winning.Play David Goldman/AP Photo WATCH Lucky winner in one of the largest jackpots in lottery history There's a Mega Millions ticket holder in Florida who's starting the new year on a very prosperous note: The unidentified individual is the winner of Friday night's drawing for the $450 million Mega Millions jackpot, lottery officials announced this morning. Montana joined Mega Millions on March 1, 2010, the first addition to Mega Millions after the cross-sell expansion.

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Beginning in January 1999, jackpot winners were given the option to receive their prize in cash. Decide if you want to include the Megaplier or take the Just the Jackpot option, if it's available in your jurisdiction. You benefit more by wheeling a carefully selected group of lotto numbers. Otherwise, you'll be spending MORE money chasing a SMALLER guaranteed prize.

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The Powerball winning numbers will be drawn on Saturday at 10:59 p.m. The numbers picked for the prizes consist of 5 numbers picked at random from a pool of 70 numbers (the White Numbers). The odds of winning all those hundreds of millions are one in 302,575,350 (most recently up from 1:258,890,850). 00 to buy the Megaplier option, your expected before tax return is $0. Among the casualties were the Atlantic City casinos and the New Jersey Lottery. The product of these is the number of ways you can get this configuration:  COMBIN(5,3) x COMBIN(65,2) x COMBIN(1,1) = 20,800. Match 2 out of 5 White numbers and match the Mega number (Payout = $10)    The number of ways 2 of the 5 first numbers on your lottery ticket can match the 5 White numbers is COMBIN(5,2) = 10. Before the agreement, the only stores which sold Mega Millions and Powerball tickets were retailers whose business was on a border between jurisdictions which sold competing games. One ticket from Indiana won the jackpot; the winner chose the cash option.[18] Mega Millions' fourth-largest jackpot, $414 million, was for the March 18, 2014 drawing. The buying frenzy has decreased the expected cash value of a ticket from $1. 5 to 1 � which would be an increase of 1 ticket in play for every $2 increase in the annuity Jackpot.)    For example, if the preceding game had an advertised annuity payout amount of $200,000,000 and the current game has an advertised annuity payout amount of $250,000,000, then there are about 250,000,000 - 200,000,000 = 50,000,000 tickets in play for the current game. (Past Jackpot amounts can be seen at: . The first (The Big Game) Mega Millions drawing was in 2002; see below. (What is now Mega Millions initially was offered in six states; the logo for all versions of the game following the retiring of The Big Game name featured a gold-colored ball with six stars to represent the game's initial membership.) Mega Millions is drawn at 11 p.m. With nine ways to win, Mega Millions is a $1 game thats filled with mega-fun. The table below shows the percentage chances for various �piddling returns�.     If you spend $1,000 to buy 500 tickets ( = 1 ticket for each of 500 Mega Millions games = 1 ticket per Mega Millions game, 2 times a week for 4. Elecia Battle made national headlines in January 2004 when she claimed that she had lost the winning ticket in the December 30, 2003 Mega Millions drawing.[43] She then filed a lawsuit against the woman who had come forward with the ticket, Rebecca Jemison. Mega Millions winning tickets in Florida and Maryland for $400M jackpot - Duration: 0:39.