![]() ![]() You don't have to wait decades for all the money. The cash option is significantly lower than the advertised jackpot, but it is paid in a lump sum. There is an immediate payment and then 29 annual payments after that, increasing by 5% each year. The annuity option is paid out over time. The major lotteries in the United States offer two jackpot payout options: annuity and cash. Unlucky? Here are 13 crazy things more likely to happen than winning the lottery What does cash option mean? The odds to match all five white balls are 12,607,306-to-1. The odds of winning the jackpot are 302,575,350-to-1. Playing the Mega Millions can be exciting, but just don't go spending those millions before you win. Check with your local lottery so you don't miss out. However, some states have different deadlines and can be more than an hour before the drawing. on the Tuesday and Friday to be included in that night's drawing. In New Jersey, New York and Connecticut, tickets must be purchased by 10:45 p.m. Powerball, Mega Millions: These are the luckiest states for jackpot winners What is deadline for buying Mega Millions tickets? Check with your state lottery for more details. Some states allow Mega Millions tickets to be purchased online, but beware of scam websites. ![]() Many grocery stores, gas stations and convenience stores sell lottery tickets. Virgin Islands. The states not offering Mega Millions are: Alabama, Alaska, Hawaii, Nevada and Utah. You can play the game in 45 states plus the District of Columbia and the U.S. citizen or a resident a particular state where you purchase your ticket. You can check all the prize payouts on the Mega Millions site here. Prizes vary from $2 for the matching the Mega Ball to $1 million for matching all five white balls (except in California) to the jackpot for matching all six balls. However, you can also have the lottery machine generate a random Quick Pick for you. The cost is $2 per ticket, but you can add the Megaplier for $1, which will increase the amount of your potential prize up to five times the original prize (except for the jackpot).Įach player selects five numbers from 1 to 70 for the white balls and one number from 1 to 25 for the Mega Ball. Mega Millions drawings are held every Tuesday and Friday at 11 p.m. Until recently, lottery winners in New Jersey were required to be identified, but now winners will be able to stay anonymous under a new law that was signed by Gov. ![]() Meanwhile, the Powerball jackpot is at $80 million with a cash option of $46.4 million, according to the Powerball website. The jackpot was last won on July 29 when a Illinois lottery player won $1.337 - the third largest lottery payday ever in the United States. The lottery jackpot was an estimated $99 million with a cash option of $56.5 million, according to the Mega Millions website. Here are the Mega Millions winning numbers for Friday, Aug. ![]()
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