Wins are so rare because the odds are so miserable, at 1 in 302.6 million. When a drawing fails to produce a big winner, the prizes roll over for weeks. Bigger prizes sell more lottery tickets, which also drives more revenue for the state services lotteries fund. HOW MANY NUMBER COMBINATIONS ARE THERE? There are roughly 302.6 million possible number combinations for the five white balls and separate gold Mega Ball in Mega Millions.
When a drawing fails to produce a big winner, the prizes roll over for weeks. Bigger prizes sell more lottery tickets, which also drives more revenue for the state services lotteries fund.There are roughly 302.6 million possible number combinations for the five white balls and separate gold Mega Ball in Mega Millions. The white balls are numbered from 1 to 70 and the Mega Ball goes from 1 to 25.
To put that number in perspective, consider that all the tickets sold for last Friday’s drawing produced only about 35% of the possible number combinations. That means about 65% of possible combinations — or nearly 200 million options — were not covered. Lottery officials expect that as sales increase ahead of Tuesday night’s drawing, the potential combinations covered will rise to just over 41%.Yes, the money will come pouring in if you win the Mega Millions jackpot, but don’t expect a $1.
That’s because the estimated $1.55 billion prize is for a sole winner who chooses to be paid over 30 years through an annuity. Jackpot winners almost always choose a lump sum payment, which for Tuesday night’s drawing would be an estimated $757.2 million.State lotteries typically lop off 24% of winnings for federal taxes, and the bill can run even higher because the top federal income tax rate is 37%. Many states also tax lottery winnings.
As more people buy tickets, the chances also increase that more than one person could match all six numbers. For example, a $1.586 billion Powerball prize was won in 2016 by three players in California, Florida and Tennessee. That means a winner could end up with only a portion of a very large jackpot.Players overwhelmingly choose the easy pick option when buying tickets, letting the machine generate numbers for them.
Mega Millions is played in 45 states, Washington, D.C., and the U.S. Virgin Islands. The game is not played in Alabama, Alaska, Hawaii, Nevada and Utah.Copyright 2023 The Associated Press. All rights reserved.
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