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It's strongly recommended that where there are large sums of money involved you seek expert tax advice. It's strongly recommended that where there are large sums of money involved you seek expert tax advice. The probability of success is thus: 1/302,575,350 = 0. But, this is still a very popular game due to the draw of very high jackpots. 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. Official Game Rules‍ Download Official Rules Mega Millions Rules & How to Win Prior to October 28, 2017‍ The Mega Millions game changed on October 28, 2017.  To view the Mega Millions rules that were in effect prior to October 28, click here.  To view the prizes and odds prior to October 28, click here.Mega Millions drawings are held Tuesday and Friday at 11:00 pm ET.

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. Mega Millions jackpot winners will select their payment preference at the time of their prize claim. Winning numbers may be viewed on WCAX, channel 3 at 11 pm (ET) or by visiting . 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.

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View ➞ Luckiest StoresGame Tool See how lucky your local retailer really is with our easy-to-use tool. All three tickets had been claimed by April 18, with each set of winners choosing the cash option of $158 million.[6] Contents The 2010 expansion of Mega Millions and Powerball[edit] Mega Millions lottery tickets from New Jersey (left) and New York; see below for rule variations among the game's 46 members, including where the Just the Jackpot option will be offered beginning October 28, 2017 On October 13, 2009, the Mega Millions consortium and Multi-State Lottery Association (MUSL) reached an agreement in principle to cross-sell Mega Millions and Powerball in American lottery jurisdictions, with the two groups referred to as the "Mega Power Lottery"[7] by many users. Jackpot probability/odds (Payout varies)    The number of ways the first 5 numbers on your lottery ticket can match the 5 White numbers is COMBIN(5,5) = 1. Note: This web page had over 50,000 hits for the large Jackpot on Jan. If a jackpot prize is not claimed within the respective jurisdiction's time limit, each of the 46 Mega Millions members get back the money they contributed to that jackpot. 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.

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The 2013-2017 version allocated about 68 percent towards the jackpot. "Just the Jackpot" option[edit] Each of the 46 Mega Millions participants, in preparation for the October 28, 2017 format change, were given the choice of offering a $3, two-game play (called "Just the Jackpot"). It's Easy to Play ➞ GAME TOOLS Take your game to the next level with our helpful tools.

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Jackpots start at a minimum of $40 million and there are eight more prize tiers rewarding players who match fewer numbers. A strong desire for a goal that is charged with positive energy, attracts a positive response, especially when every effort is made to attain that goal - anyone can win Mega Millions prizes with the right strategies and attitude. 4 Million 11/5/2013 Edward Shaw Oceanside, CA $1 Million 11/1/2013 Sandra Castro Fort Stockton, TX $0. The bad news is that you paid $3 to get something worth $1. There are nine ways to win a prize, from $2 to the jackpot. 97. (And you paid $3 for this privilege.)    Percentile Expected Returns on Ticket Purchases    The average return per $2. The Lottery Books and Software with All the Winners! $101,832,154 IN JACKPOT PRIZES WON BY 107 LOTTERY WINNERS Lottery Winners "We were one of three winners who split Michigan's $45,851,401 jackpot on February 25, 1995. Most Mega Millions winner names are not released, but if one is, it would be listed on the Mega Millions website. The Megaplier continues to be drawn by Texas Lottery computers, as California does not offer the multiplier. If interest rates increased to 4 1/4 % the ratio would be 0. 00 lottery ticket that you buy    The first task is to construct a table where each row lists the winning combination, the payout, the probability of this payout, and the contribution to the expected return (Equals payout times probability.) The probabilities are the same ones we derived earlier. Q: Is 2 numbers worth anything in Mega Millions?   A: You can get a prize for matching 1 white ball with the gold mega ball, but not for matching just 2 white balls alone.