^ Jump up to: a b Prizes are uniform in all Mega Millions jurisdictions, with the exception of California (where all prizes, including the jackpot, are pari-mutuel; payouts are based on sales and the number of winners of each prize tier.) All other Mega Millions members' second through ninth prizes are set amounts, although in rare cases they can be reduced.
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On Oct 4, 2015, the Powerball format changed again; the white-ball pool increased from 59 to 69 while the Powerball pool decreased from 35 to 26. While this improved the chance of winning any prize to 1 in 24, it also lengthened the jackpot odds to 1 in 292,201,338. The 4+1 prize became $50,000; the 10x PowerPlay became available in drawings with a jackpot of under $150 million. Three months later, the format produced a $1.5 billion jackpot, double the previous record, after 20 consecutive rollovers.
Wednesday’s jackpot might have been the second-biggest, but many expected it to actually surpass that $1.6 billion record if that lucky Massachusetts ticket-holder hadn’t hit on the right numbers. That’s because of what Kelly Tabor, a spokeswoman for the Colorado Lottery, calls “jackpot chasers,” casual players who rush out to buy a ticket when the jackpot gets big enough.
Before the advent of government-sponsored lotteries, many illegal lotteries thrived, such as number games. The first modern government-run US lottery was established in Puerto Rico in 1934. This was followed, decades later, by the New Hampshire lottery in 1964. Instant lottery tickets, also known as scratch cards, were introduced in the 1970s and have become a major source of lottery revenue. Individual lotteries often feature three-digit and four-digit games akin to numbers games; a five number game, and a six number game (the latter two often have a jackpot.) Some lotteries also offer at least one game similar to keno, and some offer video lottery terminals. Presently, many US lotteries support public education systems.
MUSL and its members accept all investment risk and are contractually obligated and liable to the winner to make all scheduled payments to annuity winners. If a jackpot ticket is not claimed, the funds in the prize pool are returned to members in proportion to the amount they contributed to the prize pool. The members have different rules regulating how unclaimed funds are used.
With an impressive $40,000,000 starting jackpot, US Powerball offers the biggest starting jackpot of any world lottery, and its $1.58 billion personal best from January 2016 is the all-time lottery world record! Match all five main numbers and the Powerball and you could be celebrating a multi-million dollar win in America’s favourite lotto! When you play Powerball online, in addition to the jackpot you can win one of eight exciting secondary prizes including a second prize that starts at $1 million!
Ohio and New York joined The Big Game consortium on May 15, 2002, when the game was renamed The Big Game Mega Millions, temporarily retaining the old name and the original "gold ball" logo. The "Big Money Ball" became the "Mega Ball." While the game's name was altered, the yellow ball in the new Mega Millions logo continued to read "The Big Game" until February 2003, after which it was replaced with six stars representing the original members of the consortium. The first (The Big Game) Mega Millions drawing was held two days later, on May 17. The Mega Millions trademark is owned by the Illinois Lottery. The first three lotteries to join Mega Millions were Washington (in September 2002), Texas (in 2003) and California (in 2005); California was the last addition to Mega Millions before the cross-sell expansion of 2010. Montana joined Mega Millions on March 1, 2010, the first addition to Mega Millions after the cross-sell expansion.