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The increased popularity of the game led to an additional Tuesday draw being introduced in February 1998. The buying frenzy has decreased the expected cash value of a ticket from $1. Sums that fall within that range (the Most Probable Range of Sums) will account for over 70% of all lottery jackpots won. The balls are moved around by means of counter-rotating arms which randomly mix the balls.

These changes might affect the validity of certain statistical information shown across this site. If you take the annuity, you will get a series of payments that will increase at 5% per year. Let�s assume that 400 million more tickets are sold. So, the ROB (Return On Bet) is very poor for the other prize categories as well. The drawing will be Saturday.  The odds of winning one of the jackpots is roughly one in 259 million for Mega Millions and one in 292 million for Powerball.

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52 % chance that you will get back $572 or less 99. 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. Advantage Gold: use Chart A to see which numbers have hit as neighboring (consecutive) pairs, triads, or more. On May 28, 2010, North Carolina became the first Powerball member (just before the cross-selling expansion) to produce a jackpot-winning Mega Millions ticket after joining Mega Millions, with an annuity jackpot of $12 million. If you have a match with your main numbers, your prize gets multiplied by the active Megaplier multiple (2x, 3x, 4x, 5x). The 2013-2017 version allocated about 68 percent towards the jackpot. "Just the Jackpot" option[edit] Each of the 46 Mega Millions participants, in preparation for the October 28, 2017 format change, were given the choice of offering a $3, two-game play (called "Just the Jackpot").

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The winning ticket matched all six numbers drawn Friday night. On May 28, 2010, North Carolina became the first Powerball member (just before the cross-selling expansion) to produce a jackpot-winning Mega Millions ticket after joining Mega Millions, with an annuity jackpot of $12 million. If we made a list of all the participants in a lottery, it might include: 1) Federal Government (Lottery winnings are taxable) 2) State Governments (Again lottery winnings are taxable) 3) State Governments (Direct share of lottery ticket sales) 4) Merchants that sell tickets (Paid by the lottery organizers) 5) Lottery companies (Hint: They are not doing all this for free) 6) Advertisers and promoters (Paid by the lottery companies) 7) Lottery ticket buyers (Buy lottery tickets and receive payouts) The winners in the above list are: 1) Federal Government 2) State Government (Taxes) 3) State Government (Direct share) 4) Merchants that sell tickets 5) Lottery companies 6) Advertisers and promoters And the losers are:     (Mathematically challenged and proud of it) Also please see the related calculations for Powerball .   Return to Durango Bill's Home page. A letter bearing the Mega Millions logo was used in a string of lottery scams designed to trick people into providing personal financial information by cashing bogus checks. Of the 46 Mega Millions jurisdictions, all but California offer an option, called Megaplier (plays with the Megaplier are $3 each) where non-jackpot prizes are multiplied by 2, 3, 4, or 5. 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.

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If you win, you will pay 40% of your winnings back in taxes - which leaves an expected after tax value of $0. 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. With nine ways to win, Mega Millions is a $1 game thats filled with mega-fun. If you win, you will pay 40% of your winnings back in taxes - which leaves an expected after tax value of $0. 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 number of ways the 3 losing initial numbers on your ticket can match any of the 65 losing White numbers is COMBIN(65,3) = 43,680.  The number of ways your final number can match the Mega number is: COMBIN(1,1) = 1. A jackpot could happen because of the luck just one member brings to your pool.