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01 and $5,000, you'll have to declare this amount on a Federal tax form so that the government is aware. The drawing will be Saturday.  The odds of winning one of the jackpots is roughly one in 259 million for Mega Millions and one in 292 million for Powerball. Every Day. news Powerball jumps, though Mega Millions worth much more Not that either prize is chump change. Mega Millions Lottery: Latest Results Mega Millions results show the five main lucky numbers and Bonus Number (Mega Millions calls it the Mega Ball).

Tickets are $2.  Powerball, meanwhile, creeped up to $384 million. 62. (All actual calculations used full precision)    If there are 300,000,000 tickets in play, then we divide the $251,590,404. 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. 41 % chance that you will get back $68 or less 69.

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Anonymity You are obliged to go public about a jackpot win unless you live in one of the following states: Delaware, Kansas, Maryland, North Dakota, Ohio, and South Carolina.Notes: In the case of a discrepancy between these numbers and the official drawing results, the official drawing results will prevail. This prize still remains the second-largest jackpot in history. 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. Overall odds of winning are approximately 1 : 24. The game costs $2 a ticket and is played by picking five numbers from a set of 70 and one Mega Ball number from a set of 25. Mega Millions winning tickets in Florida and Maryland for $400M jackpot - Duration: 0:39.

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Of the 46 Mega Millions jurisdictions, all but California offer an option, called Megaplier (plays with the Megaplier are $3 each) where non-jackpot prizes are multiplied by 2, 3, 4, or 5. You can select QUICK PICK for any or all of the 5 numbers in the upper panel and/or the 1 number in the lower panel.

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Sums that fall within that range (the Most Probable Range of Sums) will account for over 70% of all lottery jackpots won. The best mix is to have 3/2 or 2/3 which means three odd and two even, or two odd and three even. Florida joined Mega Millions on May 15, 2013; the first drawing to include Florida-bought tickets was two days later. Annuity option: The Mega Millions annuity is paid out as one immediate payment followed by 29 annual payments. Most participating lotteries' wagers are terminal-generated; however, "Just the Jackpot" wagers in Kansas and Texas allow the player to choose their numbers, while Wisconsin players must ask for a terminal-generated ticket. Total ticket cost will depend on the number of panels and draws you play and if you select the Megaplier option. Depending on your jurisdiction, claim any prize up to 180-365 days after the draw. IT REALLY WORKS!!" Lonnis & Janice Eavey Win with Lotto Software and Books See all Smart Luck lottery software and lotto books or the full lottery product guide and list of best lottery software and books for your state to use for Mega Millions. 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. Match 4 out of 5 White numbers and match the Mega number (Payout = $10,000)    The number of ways 4 of the 5 first numbers on your lottery ticket can match the 5 White numbers is COMBIN(5,4) = 5. Justin Sullivan/Getty Images Powerball and Mega Millions lottery tickets are displayed, Jan. The reverse will hold true if the drawing numbers cluster in the low end of the number range.    The above chart shows the probabilities of �No Winners�, �One Winner�, and �Two or more Winners� for various numbers of tickets in play.    Each entry in the following table shows the probability of �K� tickets holding the same winning Jackpot combination given that "N" tickets are in play for a given Mega Millions game.