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Drawings[edit] Drawings are usually held at the studios of WSB-TV in Atlanta, Georgia.[1][38] The original host was WSB's chief meteorologist, Glenn Burns. Individually, the five white balls, several seconds apart, drop through a hole in the bottom of the mixing drum.

Certain jurisdictions consider lottery winnings taxable under income tax laws - you can find these rates for each jurisdiction below. All it takes is a buck — an enormous amount of luck — and some Smart Luck® Mega Millions strategies, of course. Overall odds of winning are approximately 1 : 24. The probability of success is thus: 499,200/ 302,575,350 = 0.

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Drawings[edit] Drawings are usually held at the studios of WSB-TV in Atlanta, Georgia.[1][38] The original host was WSB's chief meteorologist, Glenn Burns. The jackpot winner has 180 days after the drawing to claim the money. Mega Millions Stats Odds: 1 in 302,575,350 Jackpot: Minimum $40 million Pick Size: Pick-5 + Pick-1 Powerball type Where to Play: 44 States, DC, and U. Each game play on a ticket now costs $2, just like its biggest competition, Powerball. The odds of winning all those hundreds of millions are one in 302,575,350 (most recently up from 1:258,890,850).

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Probability of multiple winning tickets (multiple winners) given �N� tickets in play Note: All calculations assume that the numbers on any given ticket are picked randomly. Custom Game Alerts Easy Second-Chance Entries Exclusive Events & Contests Sign Up for MyLottery CLAIM WINNINGS Think you’re a winner? We will use this number for each of the following calculations. Play Mega Millions online from Canada on theLotter.ca to win jackpots starting from $40 Million. Then a single number (the Mega Number) is picked from a second pool that has 25 numbers. 0005 Total for last 6 rows                                   0.

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Before Tax Return on Investment     It is interesting to calculate what the long term expected return is for each $2. After that, depending on the jurisdiction you're in, you may have even more to pay back. Draw up an agreement and have the members of your pool sign it. 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. However you get 2 tickets which brings the expected value up to $1. 2 CONSECUTIVE NUMBERS AVOID: too many consecutive lotto numbers in a combination. WGN served as a default carrier of both major games where no local television station carried either multi-jurisdictional lottery's drawings. Cancellation Policy Mega Millions cannot be cancelled. 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.