![]() ![]() ![]() If you choose the cash payment, you will receive a one-time payment equivalent to the cash in the jackpot prize pool.Īny winnings you receive from Mega Millions will be subject to federal income taxes, as well as any applicable state income taxes. Each payment will be five percent larger than the last one in order to match the cost of living over time. If you choose the annuity, you will receive one immediate payment and 29 annual payments after that. If you've won the jackpot, then you can choose a lump sum payment or an annuity. Online players will be notified of wins by email, and will be guided through the process of collecting prizes. If you win a larger prize, notify the relevant State Lottery, who will take you through the next steps. Prizes of up to $600 can generally be collected at retailers in the state in which the Mega Millions ticket was bought. So you've matched all (or some) of the numbers selected and you've landed an awesome Mega Millions prize. The odds of each Megaplier being drawn are as follows: Megaplier See below for some examples of how potential prizes can grow with a Megaplier: Numbers Matched If you chose to play the Megaplier, any non-jackpot prize you win is multiplied by the Megaplier number that is drawn. The only exception to this is the state of California, which calculates prizes on a pari-mutuel basis, meaning that payouts are determined by the number of tickets sold and the number of winning tickets. Overall odds of winning a Mega Millions prize are 1 in 24 The prize tiers break down as follows in the majority of states: Prize Tier There is also no cap or rollover limit, meaning prizes can easily run into the hundreds of millions of dollars. Mega Millions has nine different prize tiers, ranging from $2 all the way up to the jackpot, which is always guaranteed to be $20 million or more. This feature is not currently available in New Hampshire. There is no prize for matching anything less than five main numbers and the Mega Ball. Players pay $3 for two lines, which would normally cost $4, but they can only win the jackpot. Ticket holders also have the option to play Just the Jackpot. See how potential winnings can grow with Megaplier prize multiplier examples. The option to play the Megaplier is offered by all states that participate in the Mega Millions lottery, with the exception of California. Any non-jackpot prizes that participating players win will then be multiplied by this Megaplier number. On the night of each Mega Millions draw, a Megaplier number from 2 to 5 will also be drawn. Check the Winning Numbers page soon afterwards to find out if you are due a prize.įor an additional $1, players can opt-in to play the Megaplier, which can significantly increase the value of the non-jackpot prizes. Once you have your Mega Millions tickets, simply wait for the drawing, which is held every Tuesday and Friday in Atlanta, Georgia at 11pm ET. Virgin Islands.A video explaining how to play MegaMillions. Mega Millions is played in 45 states, Washington, D.C., and the U.S. Those who opt for a lump sum payout would get an estimated $625.3 million.Ī big slice of those winnings would go toward federal taxes, and many states also tax lottery payouts. The $1.25 billion prize is for a sole winner who is paid over 30 years through an annuity. The information you need to know, sent directly to you: Download the CTV News App.The odds are better to win smaller prizes, which start at $2. The jackpot is so hard to win because of the 1-in-302.6 million odds of matching the numbers on five white balls and a separate mega ball. That has enabled the prize to steadily grow until it is now the sixth-largest ever in the U.S. There have been 30 straight drawings since the last time someone won the game's jackpot on April 18. Lottery players will have a shot Friday night at an estimated $1.25 billion Mega Millions jackpot that has been growing ever larger after months without a grand prize winner. ![]()
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