Mega Millions players have the option to activate a multiplier, called Megaplier, in 45 of its 46 jurisdictions; it is functionally similar to Powerball's Power Play; except the latter cannot multiply second prize by 5. (Neither Megaplier nor Power Play are offered in California because its state penal code distinguishes between a "lottery" in which the bank cannot be "broken", and a "banked game" whose bank theoretically could be broken; only a "lottery" was authorized by the state Lottery Act.) By adding $1 to a basic Mega Millions game, to $3, a player has an opportunity to multiply any non-jackpot prize by 2, 3, 4, or 5. The Megaplier is drawn by the Texas Lottery (before the cross-sell expansion on January 31, 2010, it was the only lottery to offer Megaplier), which is drawn by a random number generator (RNG). The odds for each Megaplier possibility are not uniform.
Mega Millions is played in 44 states — but not Alabama, Alaska, Hawaii, Mississippi, Nevada and Utah — the District of Columbia and the U.S. Virgin Islands. The most recent Mega Millions grand prize, a $142 million jackpot, was won May 4 in the Dayton, Ohio, suburb of Moraine; the winner claimed the prize anonymously through a trust, netting a $60.5 million lump sum after taxes.
*a tip to know whether the website you are looking at actually buys lottery tickets online or follows the insurance model is to check the wording that they use. If you see the words “Play” then you can be confident it is a company that has agents and buys your tickets physically, if you see the words “Bet” you can be sure it is following the insurance model and you are placing a bet on the outcome of a lottery.
Based on statistical projections, the average jackpot win increased from $95 million to $141 million. Over 3.5 million additional prizes were expected to be won yearly due to the change in probability. The starting jackpot increased to $20 million, with minimum rollovers of $5 million. The jackpot contribution increased from 30.3% to 32.5% of total sales. The Power Play option was modified; second prize, usually $200,000, was given an automatic 5x multiplier, making the 5+0 prize $1 million cash. The bonus second prize if the jackpot exceeded its previous record by $25 million, triggered only twice, was eliminated with the 2012 format change.
Under the current version's regulations (which began October 28, 2017 with the first drawing October 31) for Mega Millions, the minimum Mega Millions advertised jackpot is $40 million, paid in 30 graduated yearly installments, increasing 5 percent each year (unless the cash option is chosen; see below for differences by lotteries on cash/annuity choice regulations.) The jackpot increases when there is no top-prize winner (see below for information on how the Mega Millions jackpot is funded.) As of December 13, 2017, there has yet to be a jackpot winner under the current Mega Millions format, including wagers for the newly created Just the Jackpot option.
Some lotteries sell Powerball® tickets over the Internet, but the service is only available to residents of that jurisdiction. The sale of Powerball tickets over the Internet or by mail across jurisdictional borders is restricted. Lotteries may refuse to pay out prize money on Powerball tickets purchased on any website other than their own. Please contact your lottery with any further questions.
The annuity factor, or the cost to fund an annuity prize, is another key component. The annuity factor is made up of interest rates for securities purchased to fund prize payments. The higher the interest rates, the higher the advertised Grand Prize. You might not realize that an economic reality like interest rates impact even the Powerball jackpot, but they do!
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Nowadays there is a plethora of websites to choose from and new companies offer online lottery ticket service every day. Due to the nature of this industry and the fact that newcomers are popping up all over, it is advisable to be diligent and check out the lottery ticket provider carefully before you decide to buy Powerball tickets online with them. This is easily done with a quick google search and an investment of 5 minutes on your part. Trust us, the five minutes is worth it to be sure that when/if you play Powerball online and win, you actually receive your jackpot winnings.