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Certain jurisdictions consider lottery winnings taxable under income tax laws - you can find these rates for each jurisdiction below. 000000003304961888, which yields �One chance in 302,575,350�.

In October 2017, Mega Millions underwent another series of matrix changes to arrive at its current format, together with detailed alterations to its prize structure. 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).

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Winning numbers may be viewed on WCAX, channel 3 at 11 pm (ET) or by visiting . Jackpots increase by a minimum of $5 million each time there is no winner. The Megaplier option remained; the 5x multiplier was added.

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If selected, “MEGAPLIER YES” will appear on the ticket. When the jackpot is $50 million, each payment is half as big, etc.

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History of Mega Millions When it started in May 2002, Mega Millions replaced the Big Game lottery. 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). Megaplier differs from Power Play in that the odds for each Megaplier possibility are not uniform.[19] Megaplier wagers made for drawings from September 12, 2010 through October 18, 2013 that won second prize (then $250,000) were automatically elevated to 4x, winning $1 million. 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. The "Megaplier" option (which again is not offered in California) was retained, with an adjustment to its multipliers. (The final jackpot for the $1 version was $30 million, which was not won; the initial jackpot for the new version would still be $40 million with a jackpot hit.) Mega Millions prize tiers effective October 28, 2017 (changed amounts in boldface) for a $2 base play (except prizes won in California): 5+MB: Jackpot; starting jackpot raised to $40 million (annuity value) 5+0: $1,000,000 ($1,000,000) 4+MB: $10,000 ($5,000) 4+0: $500 ($500) 3+MB: $200 ($50) 3+0: $10 ($5) 2+MB: $10 ($5) 1+MB: $4 ($2) 0+MB: $2 ($1) The new prize structure allocates roughly 75 percent of the prize pool for the jackpot; this is, in part, to facilitate the new Just the Jackpot option. Of course you get to pay taxes on any large payout, so your net return is even less. 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. All high numbers or all low numbers are rarely drawn, occurring only 3% of the time. But randomly drawn numbers form patterns that can be tracked and used to our advantage. The first drawing under the revised 5/75 + 1/15 format—which saw the jackpot estimate "leap" to $55 million due to the change in the annuity structure—occurred on October 22, 2013. Just the Jackpot™ Play offers 2 chances to win the Mega Millions® Grand Prize for $3.