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For a typical jackpot of $100 million, the initial payment would be about $1. Find out the latest Mega Millions winning numbers, as well as information and previous results for one of North America's largest multi-state lotteries.

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. 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.

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The probability of success is thus: 325/302,575,350  = 0. 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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Q: How many numbers are in Mega Millions?   A: Mega Millions has a number field of 70 numbers with the Mega Ball being drawn from a separate pool of 25 numbers. 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.

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He missed the MEGA Millions jackpot by just one number, but you wont hear this man complaining. Kyle (of the Virginia Lottery.) The Big Game initially was drawn weekly, on Friday. Both lotteries opted to join The Big Game, which, at the time, was offered in seven states. Multiple      Odds               Probability      Contribution    2         1 in 3                0. 1569 (Used for after tax calculation) Total for last 8 rows                                  0. The current Mega Millions format began in October 2013; the game will use a different double matrix as of October 2017. Justin Sullivan/Getty Images Powerball and Mega Millions lottery tickets are displayed, Jan. Mega Millions plays will become $2 per game upon the format change; it is unknown exactly how the "Megaplier" will be utilized.