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Otherwise, you'll be spending MORE money chasing a SMALLER guaranteed prize. 21    The calculations above use the "cash value" of the Jackpot. Jackpots in the hundreds of millions of dollars range are not uncommon for Mega Millions and will likely become larger more frequently with these new game changes.

The current Mega Millions format began in October 2013; the game will use a different double matrix as of October 2017. Both lotteries opted to join The Big Game, which, at the time, was offered in seven states. This leaves an expected after tax value of the jackpot of $0. Match 1 out of 5 White numbers and match the Mega number (Payout = $4)    The number of ways 1 of the 5 first numbers on your lottery ticket can match the 5 White numbers is COMBIN(5,1) = 5. The number of ways the 2 losing initial numbers on your ticket can match any of the 65 losing White numbers is COMBIN(65,2) = 2,080.  The number of ways your final number can match any of the 24 losing Mega numbers is: COMBIN(24,1) = 24. The game costs $2 a ticket and is played by picking five numbers from a set of 70 and one Mega Ball number from a set of 25.

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How to Play Mega Millions and Its Odds & Prizes Steps on Taking Part in Mega Millions Pick five main numbers from a set of 1-70 and one Mega Ball number from a set of 1-25. If this is representative of what happened at Mega Millions headquarters, I extend my deepest sympathy to their computers. Annuity option: The Mega Millions annuity is paid out as one immediate payment followed by 29 annual payments.

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Then a single number (the Mega Number) is picked from a second pool that has 25 numbers. 52 % chance that you will get back $572 or less 99. Smart Luck strategies show you how to understand and use historical data.

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Annuity Option winners will be paid in 30 annual installments unless otherwise indicated by the Commission. **Subject to published Multi-State Lottery Association Rules, the prize amounts indicated here may be modified. Even previously validated and cancelled tickets can be replayed! 9 Million 12/12/2014 Young Soon Cho Los Angeles, CA $1 Million 12/5/2014 Mark Paul Chicopee, MA $0. Tickets must be claimed no later than 180 days after the draw date. Montana (joining Mega Millions on March 1, 2010) was the first jurisdiction to add either game after the cross-sell expansion. Advantage Gold: use Chart 5 to see which numbers are more likely to become repeat hits. Tickets have to be replayed within 30 days of purchase of the original ticket. The probability of success is thus: 7,800/302,575,350 = 0. Five balls are drawn from a set of balls numbered 1 through 70; one ball is drawn from a set of balls numbered 1 through 25. As of January 2016, there are 46 lotteries offering Mega Millions and Powerball; Florida joined Mega Millions in May 2013. (Puerto Rico, whose lottery began in the 1930s, currently does not offer Mega Millions). The best mix is to have 3/2 or 2/3 which means three odd and two even, or two odd and three even. Record jackpots (listed by cash value)[edit] Revenue[edit] Approximately 50% of Mega Millions sales is returned to players as prizes; the remainder is split (each lottery has different rules regarding these funds) among retailers, marketing, and operations, as well as the 46 jurisdictions offering the game; different lotteries uses the proceeds in different ways.[41] Miscellany[edit] In the aftermath of the attack on the World Trade Center on September 11, 2001, the legislature in Albany, fearing a monumental loss of revenue, passed legislation the following month, which was signed by Governor George Pataki, which included joining a multi-jurisdictional lottery game.