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FutureStarrMega Millions Winning Numbers - No Grand Prize Winner
The jackpot on Mega Millions lottery has grown to an eye-watering $84 million after no one matched all six numbers during Tuesday night's drawing. It will remain this size until someone wins it.
The odds of winning the top prize are 1 in 302.6 million. Winners may opt to receive their money as either a lump sum or in 30 annual payments.
Mega Millions is a nationwide lottery game that draws five white balls from an assortment of numbers between 1 and 70, plus one golden Mega Ball number from 1-25. Matching all five numbers plus the Mega Ball can win you either the jackpot or one of nine non-jackpot prize levels.
Each ticket costs $2, but players can opt for an additional $1 per play to boost their non-jackpot winnings with the Megaplier option. With this enhancement, non-jackpot winnings are multiplied up to five times.
Mega Millions Winning Numbers game offers you the chance to win large prizes, with your odds looking good. However, you should also be aware that prizes may not always be guaranteed; some lower tier prizes may be calculated on a parimutuel basis and could be less than advertised amounts.
If you win a prize, you have the option of taking either a cash lump sum payment or an annuity of one immediate payment followed by 29 annual payments that grow at 5% each. Opting for the annuity can be advantageous as it helps safeguard your lifestyle and purchasing power during times of inflation.
Remember, you have 180 days from the drawing date to claim your prize at any Florida Lottery retailer or Lottery office.
No matter how much money you win, make sure to hold onto your winning ticket until it can be claimed. In certain states, you may need to sign the ticket in order for it to be claimed. You can check your ticket online to confirm the game, draw date and numbers are correct before purchasing a ticket.
Another essential consideration is that you cannot alter your numbers if you win the jackpot. Any changes will automatically reduce the prize to a smaller amount in order to ensure it does not go unclaimed for too long.
On Friday, January 13th, a lucky Maine resident claimed the second-largest Mega Millions jackpot ever won: $1.6 billion! By hitting all five white balls and the golden Mega Ball with his ticket, he had won an impressive $1.6 billion in winnings!
Mega Millions lottery game can be an enjoyable pastime, but it also comes with some risk. Winning the jackpot has slim odds, but there's still money to be won if you guess all six numbers correctly.
Winning the jackpot has an incredibly unlikely chance of happening; one in 302,575,350. But it is possible. According to a math professor at Syracuse University, there are small steps you can take that may help tilt those odds in your favor.
By purchasing more tickets, your odds of hitting the jackpot drop from 1 in 302.6 million to roughly 1 in 3.02 million.
Another way to increase your odds of hitting the jackpot is by picking different numbers for each draw. Playing a different combination each time will increase your chances of hitting, while using identical numbers will decrease them.
If you want to ensure that you select the correct numbers for the Mega Millions jackpot, consider using a formula that takes into account all possible combinations for each number. Here's what to do:
Let's begin by looking at the number of combinations possible for each of the five white balls and gold "mega ball" number. There are 70 potential outcomes when using only these numbers, while for the Mega Ball itself there are 46 numbers available.
Add up how many times each of the five white balls and Mega Ball have been drawn together and divide that by the total number of combinations. This number represents a sharing factor which increases your likelihood that you'll share in the prize pool.
As you can see, if you're lucky enough to hit the jackpot with your $2 ticket purchase, then you could potentially walk away with a lot of money. That is why so many people enjoy playing the lottery; in addition to just the jackpot prize, there are also other prizes up for grabs.
On Tuesday night, the jackpot in Mega Millions Winning Numbers grows to an incredible $84 million! That may not seem like a substantial sum, but it is certainly plenty of money. However, if you win it's important to remember that taxes could take an enormous toll on your reward.
Your tax burden depends on how you distribute your winnings, but the IRS typically withholds 24 percent of the total sum. Furthermore, state taxes can add up as well.
Most winners opt for a lump-sum or cash option as their prize. This allows them to receive the entire jackpot amount at once, rather than having it paid out over 29 years in annual payments.
A tax calculator can help you estimate how much taxes you owe, depending on your payout option. This calculation takes into account both federal and state taxes due as well as any estimated jackpot amounts associated with each payment plan option.
Kiplinger estimates that if you opt for the annuity option, which awards you the full jackpot over 30 annual payments, your tax liability would be approximately $81.5 million. The federal government will withhold 24% of this amount immediately and the remainder will be deducted when filing your return in 2023.
Your prize has now been reduced from $403.8 million to $306.9 million, still an impressive windfall for one individual assuming that tax rates remain constant over 30 years and state taxes remain unchanged as well.
Additionally, your final tax bill does not take into account any standard or itemized deductions which could reduce it further.
The lump-sum option is more popular as it provides you with the total jackpot upfront. Unfortunately, the IRS will withhold 24% of your winnings and deduct an additional 24% when filing tax returns at yearend.
Although a lump-sum payout will reduce your spending power, there is the possibility that with careful investments and smart investing your windfall could grow larger than the annuity total. Therefore, some financial experts advise taking the lump-sum option instead of annuities whenever possible.
On Tuesday night, the Mega Millions jackpot grew to an eye-watering $84 million for its upcoming drawing on February 17th after no one matched all six numbers in the $67 million drawing. This makes it the highest jackpot in Mega Millions history!
The game costs $2 per ticket and can be played in 46 localities or 44 states plus the District of Columbia and U.S. Virgin Islands. Alternatively, players have the option to select a Megaplier option which increases non-jackpot prizes by 2, 3, 4 or 5 times their original amount.
If you win a Mega Millions prize, you have two payment options: CASH at any Draw Games retail location or annual payment option that pays over 29 years. Alternatively, you may claim your prize by mail which allows 180 days from the last winning drawing on your ticket to claim it.
When purchasing a Mega Millions ticket, you select five numbers from 1 to 70 and one gold Mega Ball number from 1--25. Alternatively, you may opt for the Quick Pick option which automatically selects your five numbers for you.
You can increase your chances of winning by adding a Megaplier for $1 per line of play. This option adds an additional multiplier to any non-jackpot winnings based on a Megaplier number drawn before each Mega Millions drawing.
Overall, your odds of winning a Mega Millions prize are 1 in 24,000. Additionally, matching just the winning numbers on your ticket could yield smaller rewards from $2 to the jackpot.
The odds of winning the jackpot are 302,575,350 to 1. However, if no winner claims their prize within 60 days of its announcement, then it will roll over to the next drawing.
Mega Millions' jackpot grows exponentially when no one wins the grand prize, adding $5 million to the pot for subsequent drawings - this explains why some jackpots can reach such massive amounts.