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Mega Millions can trace its roots back to August 1996, when it was launched as The Big Game and sold tickets across six states for its Friday night draws. And this is for an advertised $2 Billion Jackpot. The holder of the California ticket claimed on January 3, 2014. (The California ticket holder received an equal share, but potentially a larger cash-option amount, as California lottery winnings are exempt from state income tax)."[3][4][5][16] [17] Mega Millions' third-largest jackpot, $540 million, was for the July 8, 2016 drawing. The number of ways 5 numbers can be randomly selected from a field of 70 is: COMBIN(70,5) = 12,103,014. (See the math notation page or Help in Microsoft's Excel for more information on �COMBIN�).    For each of these 12,103,014 combinations there are COMBIN(25,1) = 25 different ways to pick the sixth number (the �Mega� number). 000001074 4 White No Mega         500    1 in 38,791.

If we follow the 700 million ticket row to the right until we reach the $600 million column, we find an expected cash jackpot value of $1. 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. The software and pick-5 wheels will still work for this game. The minimum age to purchase a Mega Millions ticket is 18, except in Arizona, Iowa and Louisiana, where the minimum is 21, and in Nebraska; its minimum is 19.

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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. Until January 2016, the game held the honour of generating the third-largest lottery jackpot in the world, after three winning ticket holders split a top prize of $656 million in March 2012. The product of these is the number of ways you can get this configuration:  COMBIN(5,4) x COMBIN(65,1) x COMBIN(24,1) = 7,800. Mega Millions is a double-matrix game requiring players to match five white numbers from a possible 70, followed by one red Mega Gall from a second pool of 25, in order to win the top prize. Mike Segar/Reuters A vendor who sells lottery tickets hangs a sign for the Powerball drawing at a news stand in midtown Manhattan, Jan.

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The model used for Mega Millions is the Criterion II, manufactured by Smartplay International of Edgewater Park, New Jersey. Two winning tickets, one each from California and Georgia, were sold. See how many times your favorite numbers have been drawn, and take your best guess of what will be drawn next. 62. (All actual calculations used full precision)    If there are 300,000,000 tickets in play, then we divide the $251,590,404. The odds of winning the Mega Millions jackpot are 1 in 302.

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Before Tax Return on Investment     It is interesting to calculate what the long term expected return is for each $2. Kentucky has since added "Just the Jackpot", with other lotteries potentially adding it. The probability of success is thus: 7,800/302,575,350 = 0. 6 Million 3/30/2012 Merle & Patricia Butler Red Bud, IL $32 Million 8/19/2011 Candido Oliveira Dorchester, MA $107 Million 7/1/2011 Brian McCarthy McLean, VA $27 Million 5/13/2011 Kendall Warren Kalamazoo, MI $51 Million 5/3/2011 Ronnie Orender Bakersfield, CA $72 Million 4/15/2011 John Gillen Staten Island, NY $319 Million 3/25/2011 The Albany 7 Albany, NY $46. For example, for an advertised jackpot of $200 million, the initial payment would be approximately $3 million, with future payments growing to as much as $12. Contact your Mega Millions lottery for detailed information. But, this is still a very popular game due to the draw of very high jackpots. 1128 probability that exactly two of these tickets will have the same winning combination. The product of these is the number of ways you can get this configuration:  COMBIN(5,4) x COMBIN(65,1) x COMBIN(1,1) = 325. The probability of success is thus: 20,800/302,575,350 = 0. The amount spent on Mega Millions for drawings following its previous jackpot win, on January 24, 2012, was at least $1.