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Mega Millions winnings are exempt from state income tax in California; while Florida, New Hampshire, South Dakota, Tennessee, Texas, Washington state, and Wyoming do not have an income tax. The winning ticket matched all six numbers drawn Friday night.

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. However, this has to be reduced by 40% for taxes. 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. Prizes and odds (2013-2017 version): 5 numbers plus the Mega Ball (5+1): 1 in 258,890,850 5 numbers but not the Mega Ball (5+0): 1 in 17,259,390 4+1: 1 in 739,688 4+0: 1 in 52,835 3+1: 1 in 10,720 3+0: 1 in 766 2+1: 1 in 473 1+1: 1 in 56 Mega Ball only: 1 in 21[12] The odds for winning the $1 prize, 1 in 21, reflected the possibility of matching at least one of the white balls, as well as the Mega Ball. The best piece of advice regarding tax laws is: If you win a large amount of money playing the lottery, get in touch with the relevant jurisdiction officials to advise you on what you'll be expected to pay.

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Like Powerball, this is a big jackpot game that must have bad odds of winning in order to create lotto prizes in the hundreds of millions to close to a billion dollars range. The book is a great starting place for any lotto player, as it explains all of our successful methods of number selection in great detail with many examples. 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. After Colorado and South Dakota joined Mega Millions, this raised the number of lotteries offering the Megaplier to 37.

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Beginning with the October 22, 2013 drawing, the second-tier prize (Match 5 + 0) is increased by 2, 3, 4 or 5 times when Megaplier is purchased. 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. Match all 5 White numbers but not the Mega number (Payout = $1,000,000)    The number of ways the 5 first numbers on your lottery ticket can match the 5 White numbers is COMBIN(5,5) = 1. He missed the MEGA Millions jackpot by just one number, but you wont hear this man complaining.

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The fourth matrix change occurred in June 2005, which was when California joined the game. Tickets In Play        < - - - -   Cash Jackpot Size in Millions   - - - - > In Millions   100   200   300   400   500   600   700   800   900  1000 -----------------------------------------------------------------------      100     0. Click on the link below and fill out the subscription form. 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. The 11 Mega Millions lotteries without Megaplier on the January 31, 2010 cross-selling date gradually added the multiplier option; by January 2011, all Mega Millions lotteries, except for California, offered the Megaplier. For payout information of all participating states please visit www.megamillions.com. They chose the cash option, splitting $175 million before federal withholdings.[9] This remains the largest prize won by a single Mega Millions ticket. Sums that fall within that range (the Most Probable Range of Sums) will account for over 70% of all lottery jackpots won. Each payment will be greater than the previous year's payment. Lottery Strategies to help you win Mega Millions Strategy Book These free lotto tips to help you play the game smarter are a sample from Gail Howard's lotto book, Lottery Master Guide. Many times, more than the minimum 3 of the number groups are not represented.