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Thus it is probable that all you will ever get back from your ticket purchases are piddling small amounts.     The percentages for these small amounts can be calculated. At $2,00 per ticket, the lottery takes in $800 million.

The numbers were 28,30,39,59,70 and the Mega Ball was 10. Mega Millions Total Combinations    Since the total number of combinations for Mega Millions numbers is used in all the calculations, we will calculate it first. 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. 2nd Thoughts     The 2015 fatality rate per 100 million Vehicle Miles Traveled in the U.

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Nebraska (March 20, 2010), Oregon (March 28, 2010), Arizona (April 18, 2010), Maine (May 9, 2010), Colorado and South Dakota (the latter two on May 16, 2010) also have joined Mega Millions since the expansion. 000000003304961888, which yields �One chance in 302,575,350�. The product of these is the number of ways you can get this configuration:  COMBIN(5,1) x COMBIN(65,4) x COMBIN(1,1) = 3,385,200. One ticket from Indiana won the jackpot; the winner chose the cash option.[18] Mega Millions' fourth-largest jackpot, $414 million, was for the March 18, 2014 drawing.

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1 REPEATED NUMBER COMBINATIONS AVOID: number combinations that have been drawn before. Robert, MO $1 Million 10/24/2014 Kennedy Howard Montgomery, AL $1 Million 10/21/2014 42 MEGAwatts Oakbrook, IL $1 Million 10/17/2014 Delavan Co-Workers Delavan, WI $0. The Mega Millions double matrix changed, from 5/75 + 1/15 to the current 5/70 + 1/25.[13] The starting jackpot became $40 million, with minimum rollovers of $5 million. 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.

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The Megaplier option remained; the 5x multiplier was added. So, the ROB (Return On Bet) is very poor for the other prize categories as well. 0054 Any entry in the table can be calculated using the following equation: Prob. = COMBIN(N,K) x (Pwin^K) x (Pnotwin^(N-K)) Where: N = Number of tickets in play K = Number of tickets holding the Jackpot combination Pwin = Probability that a random ticket will win ( = 1 / 302,575,350  =  0. 000001074 4 White No Mega         500    1 in 38,791. Mega Millions jackpot winners will select their payment preference at the time of their prize claim.Winning Numbers Saturday, March 24, 2018 10-33-45-53-56-24-x3 Next Jackpot: Wednesday, March 28, 2018 $40 Million Tuesday, March 27, 2018 7-25-43-56-59-13-x3 Next Jackpot: Friday, March 30, 2018 $502 Million Saturday, March 24, 2018 17-26-30-40-45-49-x5 Next Jackpot: Wednesday, March 28, 2018 $3. 6 million — which is about the same as the first prize jackpot odds of a 6/48 game. In the revised format, players chose 5 of 75 white ball numbers, and the "Gold Ball" number out of 15. The first (The Big Game) Mega Millions drawing was in 2002; see below. (What is now Mega Millions initially was offered in six states; the logo for all versions of the game following the retiring of The Big Game name featured a gold-colored ball with six stars to represent the game's initial membership.) Mega Millions is drawn at 11 p.m. Get to Know the Megaplier in Three Steps Select the Megaplier box on your Mega Millions ticket. Before Tax Return on Investment     It is interesting to calculate what the long term expected return is for each $2. The new option is two plays for $3; only the jackpot can be won (or shared) on this wager.[3][4][5] The largest jackpot in Mega Millions history was $656 million annuity value (with a cash option of $474 million) for the March 30, 2012 drawing, in which there were three jackpot-winning tickets; one each in Illinois, Kansas, and Maryland. Once again, both pools were changed to lengthen the odds against winning, which meant that players now needed to match five from 56 plus one from 46 to win the jackpot. This numeric result is approximately equal to the number of tickets in play. (Technically, this 1 to 1 ratio is variable. Man Who Wins $5 Million Mega Millions jackpot winners will select their payment preference at the time of their prize claim. Cancellation Policy Mega Millions cannot be cancelled.