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Taxes will subsequently be subtracted/withheld from these payments.)    If  you take an immediate cash payment instead of the 30 year annuity, you will get about one half (before taxes) of the advertised "annuity" value of the game. Combinatorics Calculations    In any combinatorics problem where all possible outcomes are equally likely, the probability of a successful outcome is determined by finding the number of successful combinations, and then dividing by the total number of all combinations. 81 % chance that you will get back $80 or less 89. In Mega Millions, with two drawings a week, a set of five numbers plus the Gold Mega Ball has a chance of being drawn once every 2,909,378 years!!! On the same day, 10 existing Mega Millions-participating lotteries began selling Powerball tickets. A player choosing this option is not eligible for any of the eight lower-tier prizes; therefore, the Megaplier option is not available for Just the Jackpot wagers.

Hayward Phillips didnt run out to the store to buy a Mega Millions ticket. The buying frenzy has decreased the expected cash value of a ticket from $1. The software and pick-5 wheels will still work for this game. 0.   Thus we have calculated that the average multiplier is 2.

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They were generated with Advantage Gold software, but every new drawing can alter values slightly, so this page may be outdated from the exact current values. 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. Mega Millions plays will become $2 per game upon the format change; it is unknown exactly how the "Megaplier" will be utilized. 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. TICKET SALES & REDEMPTION No ticket sales during these times: TUE & FRI: 7:30 P. The table below shows the percentage chances for various �piddling returns�.     If you spend $1,000 to buy 500 tickets ( = 1 ticket for each of 500 Mega Millions games = 1 ticket per Mega Millions game, 2 times a week for 4.

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October 2017 format/price point change[edit] On October 28, 2017, the price of a Mega Millions play doubled, to $2; the first drawing under the current price point was October 31, 2017. Around the same time, for entirely different reasons, Ohio's governor also gave the green light to joining a multi-jurisdictional game.

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However, this means the jackpot can grow to surpass the billion-dollar mark with relative ease. The overall odds of winning any prize are 1 in 24, which is slightly better than that of Powerball, which are 1 in 24. 5 Billion jackpot has now beaten Mega Millions for the world-record highest jackpot spot. The jackpot prize shall be paid at the election of the player no later than 60 days after the player becomes entitled to the prize with either a per winner annuity or one-time cash payment. Just the Jackpot wagers are not eligible to win any other prize (non-Grand Prize) in the Mega Millions game.Bayonne, NJ $4 Million 11/17/2017 Steven Schultheis Franklin, MA $5 Million 10/27/2017 Gladys Salzwedel Oakley, MI $21 Million 10/13/2017 Kevin & Stephanie Blake Waterford, MI $1. Mega Millions drawings are held Tuesday and Friday at 11:00 pm ET. For example, for an advertised jackpot of $200 million, the initial payment would be approximately $3 million, with future payments growing to as much as $12. The "Megaplier" option (which again is not offered in California) was retained, with an adjustment to its multipliers. (The final jackpot for the $1 version was $30 million, which was not won; the initial jackpot for the new version would still be $40 million with a jackpot hit.) Mega Millions prize tiers effective October 28, 2017 (changed amounts in boldface) for a $2 base play (except prizes won in California): 5+MB: Jackpot; starting jackpot raised to $40 million (annuity value) 5+0: $1,000,000 ($1,000,000) 4+MB: $10,000 ($5,000) 4+0: $500 ($500) 3+MB: $200 ($50) 3+0: $10 ($5) 2+MB: $10 ($5) 1+MB: $4 ($2) 0+MB: $2 ($1) The new prize structure allocates roughly 75 percent of the prize pool for the jackpot; this is, in part, to facilitate the new Just the Jackpot option.