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The current version of Mega Millions uses a 5/70 (for the white balls) plus 1/25 (for the "Mega Ball") double matrix to select its winning numbers. Match 3 out of 5 White numbers and match the Mega number (Payout = $200)    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.

You pick five numbers out of seventy and one number out of twenty-five to win Mega Millions. 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. Record jackpots[edit] The largest Mega Millions jackpot, advertised as $640 million at the time of the drawing (annuitized) or $462 million (cash value), was drawn on March 30, 2012.

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Thus, if the lottery officials proclaim that a given lottery drawing had 5 million �winners�, then there were about 5,000,000 x 23. 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. The number of ways your final number can match the Mega number is: COMBIN(1,1) = 1.

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Mega Millions' fifth-largest jackpot annuity value ($390 million) was for the March 6, 2007 drawing. Each jurisdiction's lottery operates independently, and so the disparities in claim periods tend to stem from the operators aligning them with claim periods of their other lottery games. The annuity—which was 20 annual payments (no cash option was available) when The Big Game began—changed from 26 equal yearly installments to 30 graduated annual payments (increasing 5 percent yearly) with the format change on October 19, 2013.

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View Complete Game Rules ➞ GAME ODDS Prizes equal 50% of overall sales. The new option is two plays for $3; only the jackpot can be won (or shared) on this wager.[3][4][5] The largest jackpot in Mega Millions history was $656 million annuity value (with a cash option of $474 million) for the March 30, 2012 drawing, in which there were three jackpot-winning tickets; one each in Illinois, Kansas, and Maryland. If you express this as �One chance in ???�, you just divide �1� by the 0. 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. Five balls are drawn from a set of balls numbered 1 through 70; one ball is drawn from a set of balls numbered 1 through 25. 4 LOTTERY GAMES SKIPPED STRATEGIES PLAY: numbers with the most due games out value List the number of games skipped (games out) since the last hit (win) for each of the winning numbers during the last five games. Jackpots increase by a minimum of $5 million each time there is no winner. Taxes If your Mega Millions ticket nets you more than $5,000, you'll be expected to pay 25% Federal tax right off the bat. 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.