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What all lottery players should know if they win over $1B Mega Millions, Powerball jackpots Powerball jackpot surpasses half-billion dollar mark after no winning tickets sold Mega Millions jackpot jumps to $418 million "Congratulations to Florida on their big jackpot win," Mega Millions lead director and Maryland Lottery chief Gordon Medenica said in a statement. "This has been an exciting run for Mega Millions players and a great way to start off the new year! The "cash value" is usually about one half of the advertised Jackpot amount. Mega Millions' fifth-largest jackpot annuity value ($390 million) was for the March 6, 2007 drawing.

For an additional fee of $1, players can purchase the Megaplier option to multiply all non-jackpot wins by the draw's Megaplier number. Match 4 out of 5 White numbers and match the Mega number (Payout = $10,000)    The number of ways 4 of the 5 first numbers on your lottery ticket can match the 5 White numbers is COMBIN(5,4) = 5. In an effort to top the Powerball jackpots, the new Mega Millions lottery has increased the jackpot odds by 40 percent—and added more states to the mix.

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It is assumed that the number selections on each ticket are picked randomly. 01 and $5,000, you'll have to declare this amount on a Federal tax form so that the government is aware.

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No other win is paid out, and some jurisdictions do not offer this option. This $800 million is divvied up multiple ways. (For example, see the 6 "winners" in the "3rd Thoughts" section at the end of this web page, allocations for the smaller prizes, etc.)    Only about $200 million of the new cash input goes to the Jackpot allocation. (The rate of increase in Jackpot amount for a given new cash input is based on historical Mega Million data which can be seen at ) (The increase in the advertised annuity would be about double this - or about $400 million.) The cash Jackpot is now worth $400 million plus $200 million = $600 million. (The advertised annuity value would be about double this - or about 1.

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If this is representative of what happened at Mega Millions headquarters, I extend my deepest sympathy to their computers. Winning HistoryGame Tool Track the history behind your favorite Jackpot games, from winning numbers to Colorado Jackpot winners and more. Mega Millions still holds the record for the 2nd largest jackpot in the world after it had the top spot for years. Play the Illinois Lottery Mega Millions today to win big! 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. Q 127: How do I pick the best numbers to use for just the Mega Ball? Take your tickets and head to your favorite lottery retailer today to "Play it Again"!How To Play‍ Pick 5 of 70 and 1 of 25 On a Mega Millions play slip mark five (5) numbers of your choice from 1 to 70 in the upper portion of the panel and mark one (1) Mega Ball number of your choice from 1 to 25 in the lower, yellow portion of the panel. However, almost all jackpot winners take the cash option that is paid in one lump sum that, on average, is 60% of the advertised jackpot. The increased popularity of the game led to an additional Tuesday draw being introduced in February 1998. Mega Millions' fifth-largest jackpot annuity value ($390 million) was for the March 6, 2007 drawing. However, almost all jackpot winners take the cash option that is paid in one lump sum that, on average, is 60% of the advertised jackpot. Drawings[edit] Drawings are usually held at the studios of WSB-TV in Atlanta, Georgia.[1][38] The original host was WSB's chief meteorologist, Glenn Burns.