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When the jackpot is $50 million, each payment is half as big, etc. The calculated value of a ticket includes the possibility that you will share the Jackpot with someone else.    The first calculation is: �What is the probability that the jackpot will be won?� This is simply (1. Montana (joining Mega Millions on March 1, 2010) was the first jurisdiction to add either game after the cross-sell expansion. In such instances the dollars allocated to each prize level impacted will be divided equally among all winners of the prize.The winning numbers drawn for Friday's Mega Millions jackpot are 4, 10, 18, 28 and 62 with a Mega Ball number is 7. The cash value for any Jackpot is about one-half the annuity value which brings the real value down to $1,000,000,000.

You win if the numbers on one row of your ticket match the numbers of the balls drawn on that date. Otherwise, you'll be spending MORE money chasing a SMALLER guaranteed prize. The Big Game was the brainchild of lottery directors Rebecca Paul (of the Georgia Lottery) and Penelope W.

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Mega Millions is a double-matrix game requiring players to match five white numbers from a possible 70, followed by one red Mega Gall from a second pool of 25, in order to win the top prize. Tickets for The Big Game began to be sold in Georgia, Illinois, Maryland, Massachusetts, Michigan, and Virginia on August 31, 1996. Multi-State Lottery Mega Millions prize payout amounts and odds of winning. 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. Mega Millions and Powerball[edit] Alabama, Alaska, Hawaii, Mississippi, Nevada and Utah do not sell lottery tickets.

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09.    The following table shows the "Expected Before Taxes Cash Value" of a $2. 4 Million 11/5/2013 Edward Shaw Oceanside, CA $1 Million 11/1/2013 Sandra Castro Fort Stockton, TX $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 winning ticket was purchased at a 7-Eleven in Port Richey, about 40 miles northwest of Tampa, the Florida lottery said. 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.

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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). 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. A similar shutdown happened in Minnesota on July 1, 2011. Sharing the ticket cost with others stretches your Lotto budget. 1 Million 3/10/2015 Gloria Swanigan San Pedro, CA $126 Million 2/27/2015 Tammy Pratt South Fallsburg, NY $3. It costs an additional $1 for the Megaplier play. California's second prize is a "secondary jackpot"; its payout sometimes exceeds $1 million cash, even though California does not offer the Megaplier.[33] Payment options and claiming prizes[edit] In Georgia, New Jersey, and Texas, players must choose, in advance, whether they wish to collect a jackpot prize in cash or annuity.