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In January 2012, Mega Millions' rival Powerball was altered; among the changes were a price increase of $1 for each play, as a result, a base game costs $2, or $3 with the Power Play option. The product of these is the number of ways you can get this configuration:  COMBIN(5,2) x COMBIN(65,3) x COMBIN(1,1) = 436,800. With nine ways to win, Mega Millions is a $1 game thats filled with mega-fun. At $570 million, it is the fifth-largest in the game's history and seventh-largest in United States history. Never choose all five numbers from one number group, such as all single digits, or all teens, or all 20's, etc. 0856. (And remember, you paid $2 for this ticket.)    These calculations can be used to form a table that shows the expected cash return per ticket ( = expected cash value per ticket).

Taxes If your Mega Millions ticket nets you more than $5,000, you'll be expected to pay 25% Federal tax right off the bat. This $800 million is divvied up multiple ways. (For example, see the 6 "winners" in the "3rd Thoughts" section at the end of this web page, allocations for the smaller prizes, etc.)    Only about $200 million of the new cash input goes to the Jackpot allocation. (The rate of increase in Jackpot amount for a given new cash input is based on historical Mega Million data which can be seen at ) (The increase in the advertised annuity would be about double this - or about $400 million.) The cash Jackpot is now worth $400 million plus $200 million = $600 million. (The advertised annuity value would be about double this - or about 1. 1 REPEATED NUMBER COMBINATIONS AVOID: number combinations that have been drawn before.

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The Megaplier is drawn by the Texas Lottery (before the cross-sell expansion on January 31, 2010, it was the only lottery to offer Megaplier), which is drawn by a random number generator (RNG). At $570 million, it is the fifth-largest in the game's history and seventh-largest in United States history. Upon winning the jackpot the player may choose, following ticket validation, either the annuity payment option or the cash payment option. The Lottery Books and Software with All the Winners! $101,832,154 IN JACKPOT PRIZES WON BY 107 LOTTERY WINNERS Lottery Winners "We were one of three winners who split Michigan's $45,851,401 jackpot on February 25, 1995.

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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. Find out the latest Mega Millions winning numbers, as well as information and previous results for one of North America's largest multi-state lotteries. It's strongly recommended that where there are large sums of money involved you seek expert tax advice.

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View Complete Game Rules ➞ GAME ODDS Prizes equal 50% of overall sales. The Megaplier offers players the chance to receive a payout up to $5 million, without winning the jackpot. A ticket is not a valid winning ticket until it is presented for payment and meets the Commission's validation requirements. 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. But to get the most leverage for your money, the optimum number of numbers to wheel is not more than four or five numbers over HALF the numbers in your game. With nine ways to win, Mega Millions is a $1 game thats filled with mega-fun. 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 probability of success is thus: 499,200/ 302,575,350 = 0. Then bet for real at our top listed Microgaming casinos Mega Millions With rolling ...