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Each jurisdiction's lottery operates independently, and so the disparities in claim periods tend to stem from the operators aligning them with claim periods of their other lottery games. 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). Q 430: Why are there more Mega Millions numbers showing in Advantage Gold when using Bonus Only than the Mega ball uses? October 2017 format/price point change[edit] On October 28, 2017, the price of a Mega Millions play doubled, to $2; the first drawing under the current price point was October 31, 2017. The first (The Big Game) Mega Millions drawing was in 2002; see below. (What is now Mega Millions initially was offered in six states; the logo for all versions of the game following the retiring of The Big Game name featured a gold-colored ball with six stars to represent the game's initial membership.) Mega Millions is drawn at 11 p.m. 79 % chance that you will get back $64 or less 58.

For the calculations below, an advertised "annuity" value for the Jackpot of $100,000,000 is assumed. (The $100,000,000 could be your share of a shared Jackpot.) The amounts in the table can be directly scaled for any arbitrary Jackpot size. (All amounts are BEFORE taxes.) Interest    Immediate      First Payment      Last Payment   Rate     Cash Payout    If Take Annuity    If Take Annuity   3. Advantage Gold: use Chart E to see more information about group trends. For example: If 200,000,000 tickets are in play for a Mega Millions game, then there is a 0.

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Decide if you want to include the Megaplier or take the Just the Jackpot option, if it's available in your jurisdiction. Record jackpots[edit] The largest Mega Millions jackpot, advertised as $640 million at the time of the drawing (annuitized) or $462 million (cash value), was drawn on March 30, 2012. Follow the 600-million row until you come to the $1,000 million column. Quick Pick On a Mega Millions play slip, mark the QUICK PICK (QP) box on each play, or ask the clerk for a quick pick, to let the computer terminal randomly pick numbers. However, unlike Powerball, Mega Millions has a $3 "Just the Jackpot" option that gives players two tickets, but only pays out if the player wins the jackpot.

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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. One such usage involved character Hugo "Hurley" Reyes playing the sequence in a similar "Mega Lotto" game, winning a nine-figure jackpot and subsequently experiencing numerous misfortunes in his personal life. 5 billion.[14] three jackpot-winning tickets had been confirmed (Illinois, Kansas, and Maryland).[15] Mega Millions' second-largest jackpot, $648 million, was for the December 17, 2013 drawing. The Megaplier multiplier (2, 3, 4 or 5) is drawn before the Mega Millions winning numbers.

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Two tickets, one each from Georgia and New Jersey, won $195 million (annuity value) each. 5 Million 7/22/2016 Christina Ford Dallas, GA $1 Million 7/8/2016 Michael D. Jackpots increase by a minimum of $5 million each time there is no winner. In most cases, a lottery joining Mega Millions on or after January 31, 2010 offered Powerball before the MUSL cross-sell expansion. 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. On the same day, 10 existing Mega Millions-participating lotteries began selling Powerball tickets. The Megaplier multiples do not alter or affect the jackpot amount. Charlotte, NC $1 Million 4/1/2014 Jennifer Krauss Westland, MI $20 Million 3/25/2014 Cameron Finney Suffolk County, NY $1 Million 3/18/2014 Gary Shepherd Owosso, MI $1 Million 3/18/2014 Rhonda Denis & co-workers Vero Beach, FL $1 Million 3/18/2014 Cathy & Dave Seiden Downers Grove, IL $2 Million 3/18/2014 Mahendra KC San Bruno, CA $207 Million 3/18/2014 Cobie and Seamus Trust Merritt Island, FL $207 Million 3/18/2014 Maryland winner La Plata, MD $1 Million 3/14/2014 William Little Westlake, OH $3 Million 3/14/2014 Glinda Salgado Chantilly, VA $3 Million 3/14/2014 Miranda Huffman Lepanto, AR $1 Million 3/11/2014 Fort Worth Friends Fort Worth, TX $1 Million 3/7/2014 Michael Dow Grafton, MA $0. The selection is too far out of balance to come up in a random drawing, and even if it did, the prize would be very low due to sharing with so many other winners.