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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. 0 Contribution = �Multiple� times �Probability�    1. Many players like to bet the numbers that have won someone else a big jackpot, and by doing so, they are almost guaranteed NOT to win. 5 Million 2/13/2015 Bill Deluca Coalinga, CA $1 Million 1/30/2015 Marianna Lauro Kenilworth, NJ $265 Million 1/16/2015 Jesus Davila Jr.

In addition to the lotto jackpot, there are eight other ways to win Mega Millions in prize categories from $2 (Mega Ball only) to $1,000,000 (for 5 numbers matched without the Mega Ball). Overall odds of winning are approximately 1 : 24. The software and pick-5 wheels will still work for this game. We then multiply the average extra expected return for all the sub-prizes (previously calculated) by this 2.

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On March 13, 2010, New Jersey became the first Mega Millions participant (just before the cross-sell expansion) to produce a jackpot-winning ticket for Powerball after joining that game. It is just one of life's dirty tricks that the very fear of losing blocks the winning forces.

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View one of Gail Howard's winner stories: Cynthia C won 2nd prize in Mega Millions, all 5 winning numbers without the Mega Ball. For more information, you can ask your local lottery retailer and you can also contact your nearest lottery office.If you're looking for up-to-the-minute California, MEGA Millions lottery info, such as lottery results, look no further. Cash or annuity payment choice must be made within 60 days of claiming the prize.

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The calculated value of a ticket includes the possibility that you will share the Jackpot with someone else.    The first calculation is: �What is the probability that the jackpot will be won?� This is simply (1. However, this means the jackpot can grow to surpass the billion-dollar mark with relative ease. Tickets have to be replayed within 30 days of purchase of the original ticket. On March 13, 2010, New Jersey became the first Mega Millions participant (just before the cross-sell expansion) to produce a jackpot-winning ticket for Powerball after joining that game. 4 Million 3/4/2014 Merces Goncalves San Jose, CA $1 Million 2/25/2014 Maryland winner Essex, MD $1 Million 2/21/2014 Woodrow Green Richmond, VA $1 Million 2/14/2014 Richard Gusefski Endicott, NY $0. The Megaplier was made available to all Mega Millions jurisdictions in January 2011; it began as an option available only in Texas. If there are 500,000 tickets in play, the expected before tax value of one ticket for just the Jackpot only is 0. A player choosing this option is not eligible for any of the eight lower-tier prizes; therefore, the Megaplier option is not available for Just the Jackpot wagers. Annual payments for Mega Millions® are not equal. 6 Million 3/30/2012 The Three Amigos Milford Mill, Maryland $218. 0054 Any entry in the table can be calculated using the following equation: Prob. = COMBIN(N,K) x (Pwin^K) x (Pnotwin^(N-K)) Where: N = Number of tickets in play K = Number of tickets holding the Jackpot combination Pwin = Probability that a random ticket will win ( = 1 / 302,575,350  =  0. The best piece of advice regarding tax laws is: If you win a large amount of money playing the lottery, get in touch with the relevant jurisdiction officials to advise you on what you'll be expected to pay. Tennessee Lottery games are entertaining and easy to play! The buying frenzy has decreased the expected cash value of a ticket from $1. 0.   Thus we have calculated that the average multiplier is 2.