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When you realize that the entire population of the United States is over 323 million and the odds of winning the Mega Millions jackpot are one in 303 million, it is a mystery why anyone would buy a lottery ticket for this game and have any expectation of winning the jackpot. (If the jackpot IS hit too often for the Mega Millions lottery officials, the next name change will probably be MEGA BILLIONS! Find out about Mega Millions prizes and odds of winning here. 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.

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 Georgia Lottery was a member of MUSL at the time and wanted to sell both games for the remainder of 1996; however, within a few days, Georgia was forcibly removed from MUSL, returning with the 2010 cross-selling expansion.

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No other win is paid out, and some jurisdictions do not offer this option. 0%     $60,506,809       $1,505,144         $6,195,375   3. These changes might affect the validity of certain statistical information shown across this site. The annuity—which was 20 annual payments (no cash option was available) when The Big Game began—changed from 26 equal yearly installments to 30 graduated annual payments (increasing 5 percent yearly) with the format change on October 19, 2013. Tickets are $2.  Powerball, meanwhile, creeped up to $384 million.

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Double-check your numbers and the draw date before signing the back of your ticket and cashing it in. Custom Game Alerts Easy Second-Chance Entries Exclusive Events & Contests Sign Up for MyLottery CLAIM WINNINGS Think you’re a winner? Many players like to bet the numbers that have won someone else a big jackpot, and by doing so, they are almost guaranteed NOT to win. Sums that fall within that range (the Most Probable Range of Sums) will account for over 70% of all lottery jackpots won. The number of ways your final number can match any of the 24 losing Mega numbers is: COMBIN(24,1) = 24. (Pick any of the 24 losers.) Thus there are COMBIN(5,5) x COMBIN(24,1) = 24 possible combinations. You benefit more by wheeling a carefully selected group of lotto numbers.

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In Texas and most other locations, you can also choose to pay an addition $1 per game to multiply any non-jackpot prizes by 2x, 3x, or 4x with the Megaplier to increase your smaller winnings. In Texas and most other locations, you can also choose to pay an addition $1 per game to multiply any non-jackpot prizes by 2x, 3x, or 4x with the Megaplier to increase your smaller winnings. Quick Pick On a Mega Millions play slip, mark the QUICK PICK (QP) box on each play, or ask the clerk for a quick pick, to let the computer terminal randomly pick numbers. Mega Millions can trace its roots back to August 1996, when it was launched as The Big Game and sold tickets across six states for its Friday night draws. Probability of winning something    If we add all the ways you can win something we get: 1 + 24 + 325 + 7,800 + 20,800 + 499,200 + 436,800 + 3,385,200 + 8,259,888 = 12,610,038 different ways of winning something. The original game required players to select five numbers from a pool of 50, plus one additional number from a second pool of 25. For an extra $1: Mega Millions with Megaplier * Megaplier does not apply to the Jackpot. Versions of (The Big Game) Mega Millions[edit] Versions of The Big Game and Mega Millions have used different matrices: Megaplier[edit] Mega Millions players have the option to activate a multiplier, called Megaplier, in 45 of its 46 jurisdictions; it is functionally similar to Powerball's Power Play. (Neither Megaplier nor Power Play are offered in California because its state penal code distinguishes between a "lottery" in which the bank cannot be "broken", and a "banked game" whose bank theoretically could be broken; only a "lottery" was authorized by the state Lottery Act.) By doubling the wager in a Mega Millions game to $2, players have an opportunity to multiply any non-jackpot prize by 2, 3, 4 or 5. Individually, the five white balls, several seconds apart, drop through a hole in the bottom of the mixing drum. If there are no jackpot winners for a specific drawing, the jackpot will keep increasing, however, the odds will still remain the same. If you want to see the claim period of a specific jurisdiction, you can do so by checking out the table below. F. **The jackpot prize will be shared among jackpot winners in all MEGA MILLIONS states. **The jackpot prize will be shared among jackpot winners in all MEGA MILLIONS states. 00 All Draw game prizes must be claimed at a Florida Lottery retailer or Florida Lottery office on or before the 180th day after the winning drawing. California's eight lower-tier Mega Millions prize pools are separate from those shared by the other 45 lotteries. 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.