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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. 4 Million 3/4/2014 Merces Goncalves San Jose, CA $1 Million 2/25/2014 Maryland winner Essex, MD $1 Million 2/21/2014 Woodrow Green Richmond, VA $1 Million 2/14/2014 Richard Gusefski Endicott, NY $0. It is assumed that the number selections on each ticket are picked randomly. Draws are held every Tuesday and Friday at 11:00 PM (ET) with a cutoff of 9:50 PM to purchase tickets for that evening's draw. Multi-State Lottery Mega Millions prize payout amounts and odds of winning.

3 Million 10/17/2014 Sean Ransom Inglewood, CA $1 Million 10/14/2014 Lisa Metz Hutchison, KS $1 Million 10/14/2014 Michael Schmitt Massapequa Park, NY $1. This leaves a �bonus contribution multiplier� of just 2. Mega Millions tickets bought with the Megaplier option, beginning September 12, 2010, automatically won $1 million (instead of $250,000) if the five white balls – but excluding the Mega Ball – are matched. The probability of success is thus: 20,800/302,575,350 = 0.

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On May 15, 2002, the game was renamed The Big Game Mega Millions; shortly after, it became just Mega Millions. 5 Million 11/18/2014 Jaylene Smith San Jose, CA $1 Million 11/4/2014 John Manganiotis Saddle Brook, NJ $326 Million 11/4/2014 Harold Diamond Wurtsboro, NY $4 Million 11/4/2014 Margaret Clark Coram, NY $0. Smart Luck strategies show you how to understand and use historical data.

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The product of these is the number of ways you can get this configuration:  COMBIN(5,3) x COMBIN(65,2) x COMBIN(1,1) = 20,800. Advantage Gold: use Chart G to see how many times a last digit has occured and what the recent trends are. In May 1999, New Jersey joined The Big Game, the only jurisdiction to enter as a participant before The Big Game became Mega Millions in 2002. 999999996695 COMBIN(N,K)  = number of ways to select K items from a group of N items x   =  multiply terms ^   =  raise to power (e.g.  2^3 = 8 ) Sample Calculation to Find the Expected Cash Ticket Value Considering the Number of Tickets That are in Play    For this example we will assume the cash value of the Jackpot is $400,000,000 (The advertised value of Jackpot would be about double this.) and there are 300,000,000 tickets in play for the current game.

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5%      48,431,551        1,505,144          6,195,375   5. CHECK YOUR WINNINGS Check your texts, email, local news, etc. to see if you won big! 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. 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. The highest jackpot on record for this game was already more than half a billion!) The odds of winning second prize for $1,000,000 are one in 12. 494. (The after tax return would be less than this.) Just the Jackpot    The new version of Mega Millions provides still another way to play the game.  You can pay $3 for 2 quick picks that only participate in the Jackpot prize. (You don't have to worry about matching any of the other combinations.)    If there is an advertised Jackpot of $1 billion then the cash value of the Jackpot is about $500 million. The jackpot was shared by two tickets, both matching the numbers of 16-22-29-39-42 and Mega Ball 20. 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. 0 to get the expected return if you buy the �Megaplier� option. (0. Learn More About the Mega Millions Game Odds of Winning Mega Millions What are your chances of winning the Mega Millions? How to Get Lucky at Mega Millions POOL YOUR WAY TO LOTTO RICHES Several of the 107 Lotto jackpots won with Smart Luck lottery systems were won by groups of people who pooled their money.