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Mega Millions Payout Calculator Omni Mega Millions drawings are every Tuesday and Friday at 11 p.m. ET. Tickets are sold in 45 states, plus the District of Columbia and the U.S. Virgin Islands.
The annuities for both the Mega Millions and the Powerball are paid out in 30 annual installments, increasing 5 percent yearly. [ 2 ] [ 3 ] Over time, the size of Mega Millions and Powerball jackpots has generally increased because of higher ticket prices, the larger number of states participating (especially after cross-selling was allowed ...
Mega Millions (originally known as The Big Game in 1996 and renamed, temporarily, to The Big Game Mega Millions six years later) is an American multijurisdictional lottery game. The first drawing took place on September 6, 1996, with six participating states, Georgia, Illinois, Maryland, Michigan, Massachusetts, and Virginia.
In the mid-1990s, Georgia helped launch The Big Game (now Mega Millions) when it began in 1996. (Its drawings usually are held in Atlanta.) Mega Millions players choose six numbers for $2; five "white ball" numbers, 1 through 70, and a sixth (Mega Ball) number, 1 through 25. (The Mega Ball number can be a duplicate of a "white ball" number ...
The Mega Millions jackpot winner could either take the cash payout of $549.7 million or the $1.22 billion annuity paid out over 30 years.
This means you’ll pay $155.5 million for the 24% right off the bat and $84.2 million when filings are due, according to the USA Mega website. This makes your cash payout $408,403,045.
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