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We will use this number for each of the following calculations. The cash value for any Jackpot is about one-half the annuity value which brings the real value down to $1,000,000,000. For the rest of this web page, we will just refer to these exact values as "about one half" instead of the above exact values.    As an example of scaling for different sized Jackpots, if the interest rate is 4% and the advertised annuity Jackpot is $300,000,000, then multiply the results in the 4% row by 3 to get the corresponding instant cash payout amount or annual annuity payout amounts. Except for the 2010 cross-selling expansion, this was the only time The Big Game or Mega Millions simultaneously added more than one member.

Cash or annuity payment choice must be made within 60 days of claiming the prize. 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. Depending on your jurisdiction, claim any prize up to 180-365 days after the draw.

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If your prize is less than $500, take your winning ticket to any Vermont Lottery agent locations where Mega Millions is sold for validation and payment. Mega Millions winning tickets in Florida and Maryland for $400M jackpot - Duration: 0:39.

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Claim Forms are available at the Vermont Lottery and at any People's United Bank. 01 and $5,000, you'll have to declare this amount on a Federal tax form so that the government is aware. 0.   Thus we have calculated that the average multiplier is 2. Advantage Gold: use Chart I to see the current bias for odd/even numbers. 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 the Mega number is: COMBIN(1,1) = 1. 2017 version, the price of a ticket has been increased to $2 from $1.

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Mega Millions Jackpot records: 2nd largest Jackpot - March 30, 2012: jackpot of $656 million which was split among 3 winners. 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. 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 added populations of the two new jurisdictions, in turn, led to a larger double matrix. 1569 back in again to get an expected after tax return of $1. Taxes will subsequently be subtracted/withheld from these payments.)    If  you take an immediate cash payment instead of the 30 year annuity, you will get about one half (before taxes) of the advertised "annuity" value of the game.