U$330,000,000
(but will probably grow bigger in the hours preceeding the drawing, which will be at 11PM USA East Coast Time).
The usual Vleeptron deal: If you play any of these number combos, and you WIN BIG -- the Jackpot or the consolation prize of U$250,000 -- you owe Vleeptron (i.e. Me, Moi, Bob) a modest 2.5 percent.
==========
PIZZAQ (1 Slice plain):
To your surprise, a random computer program recommends you play
1 2 3 4 5 Megaball: 6
Should you? Or should you treat it like radioactive leper pus, shred it, and play another more normal-looking combo? Also, should you take your computer to the shop and pay $25 to have it diagnosed for this obvious malfunction? Explain your answer.
=====================
Mega Millions
From Wikipedia, the free encyclopedia
Mega Millions is a multi-state U$1 lottery game in the United States. Twelve U.S. states currently license Mega Millions as a provider of multistate lotteries in those states (29 states, the District of Columbia, and the US Virgin Islands license Powerball, Mega Millions' main competitor).
As of 2007, Mega Millions features jackpots of at least US$12 million, payable in 26 annual payments or a lump sum cash payout. As will be explained later, there are differences in playing Mega Millions from state to state. Mega Millions is drawn Tuesdays and Fridays; the current estimated jackpot for Friday, August 31, 2007 is US$330 million, with a cash option of about $194.4 million.
History
Tickets went on sale in Georgia, Illinois, Maryland, Massachusetts, Michigan and Virginia for the new lottery on August 31, 1996, then known as The Big Game. Six days later, the first drawing was held. Drawings were held weekly on Fridays until they held a Tuesday drawing on February 10, 1998. On January 13, 1999, jackpot winners had the choice to claim the prize in lump sum for the first time (however, an Illinois winner in late 1998 was allowed to receive their prize in cash.) In May 1999, New Jersey joined The Big Game.
On May 9, 2000, The Big Game offered a jackpot worth $363 million. The prize was won by two ticket holders from different states. This was the largest under its old name and was once the world's largest. This was later surpassed on February 18, 2006 by a $365 million jackpot from Powerball, the other big interstate lottery.
On April 16, 2002, the last Big Game jackpot was won. This prize was worth $331 million and there were 3 winners. On May 14 that year, The Big Game held its last drawing.
New York and Ohio joined the Big Game on May 15, 2002. This was when the game was changed to its current name, Mega Millions. Also, the "Big Money Ball" changed its name to the "Mega Ball." After its name change to "Mega Millions" from "The Big Game," the yellow ball in the logo of the Mega Millions read "The Big Game." The first Mega Millions drawing was held on May 17, 2002. Three more states later joined: Washington in that same year, Texas in 2003, and California in 2005.
After rolling over 15 times, Mega Millions offered a jackpot $390 million on March 6, 2007. This set a new world record for the largest jackpot, returning the title to Mega Millions after being held briefly by Powerball. There were two winners in the $390 million draw, one each from Georgia and New Jersey.
Playing the game
As of 2007, to play the game, a player pays one dollar and picks five numbers from 1 to 56 (white balls) and one additional number from 1 to 46 (the Mega Ball number, a yellow ball). In Georgia, New Jersey, New York, and Texas, the player must also choose, in advance, whether they wish to collect a jackpot in lump sum or annuity. Georgia and New Jersey winners can change an annuity ticket to cash; however, the choice is binding in New York and Texas. Tickets may be obtained from either retail locations, or by mail in select states (currently, only Illinois, Maryland, Massachusetts, New Jersey, New York and Virginia offer subscriptions by mail).
Previous incarnations of the Big Game and Mega Millions have had different matrices:
Date Pick 5 out of Pick 1 out of
September 9, 1996 50 25
January 13, 1999 50 36
May 15, 2002 (became Mega Millions) 52 52
June 22, 2005 (current) 56 46
Tickets must be purchased 15 minutes prior the draw (usually 11 PM Eastern time), accounting for local time zone differences.
Laws and regulations vary slightly and are generally governed by the applicable laws in the state where the ticket is sold, and the winner's home state (e.g. if a New Jersey resident buys a winning ticket near their workplace in Manhattan.) Mega Millions winnings are generally exempt from state income tax in California and New Jersey; Texas and Washington have no state income tax. On the other hand, residents of New York City and Yonkers, New York pay city tax in addition to state and federal taxes.
As of 2007, a player wins a prize according to the following chart:
Matches Payout [1] Odds of winning
Normal balls
(pool of 56) Mega ball
(pool of 46)
5 1 Jackpot[2] 1 in 175,711,536
5 0 $250,000 1 in 3,904,701
4 1 $10,000 1 in 689,065
4 0 $150 1 in 15,313
3 1 $150 1 in 13,781
3 0 $7 1 in 306
2 1 $10 1 in 844
1 1 $3 1 in 141
0 1 $2 1 in 75
Overall odds of winning any prize 1 in 40
The overall payout in Mega Millions is 50 percent.
The Texas Lottery offers players a chance to multiply lower-tier prizes. This feature is called "Megaplier".
Machines Used
Like most games that used power or bonus balls, a pair of machines are used. The balls are moved around inside a rotating drum. The winning balls drop through a hole in the drum a single at a time.
The draw
Drawings are usually held at WSB-TV in Atlanta at 11 PM Eastern time on Tuesdays and Fridays. Usually, the announcer is WSB's chief weather forecaster, Glenn Burns. However, drawings may sometimes be held elsewhere:
* On February 20 and July 2, 2004, when the jackpot reached near-record levels (annuitized values of US$230 million and US$290 million, respectively), the draws were held in Times Square with popular New York Lottery draw host Yolanda Vega.
* On June 24, 2005, to commemorate California joining Mega Millions, the drawing was held in Hollywood, California with Carrie Underwood assisting Glenn Burns for the draw.
* On March 6, 2007, the draw returned to Times Square with host Yolanda Vega due to the the world's largest jackpot offered (an annuitized jackpot of US$390 million).
Record jackpots
Prize Date Winners Description
$390 million March 6, 2007 Two ticket holders World's largest jackpot
$363 million May 9, 2000 Two ticket holders Largest Big Game prize
$330 million August 31, 2007 (tonight's drawing)
Participating States
The following states participate in the Mega Millions lottery game:
* California (joined in 2005; newest, and possibly last, member)
* Georgia (original member; had offered Powerball but dropped out when the Big Game began)
* Illinois
* Maryland
* Massachusetts
* Michigan
* New Jersey (1999)
* New York (2002)
* Ohio (2002; New York and Ohio joined at the same time when Mega Millions began)
* Texas (2003)
* Virginia
* Washington (2002)
States without a date listed above are the six original Big Game members. New Jersey is the only state to be added in the Big Game era (September 1996-May 2002).
As of May 2007, the minimum age to purchase a Mega Millions ticket is 18, regardless of participating state. In most of these states, with the exception of Virginia, minors can win on tickets received as gifts; the rules according to each state vary for minors receiving prizes.
Unlike Powerball, there are significant differences in play style among a number of the Mega Millions states:
* California's eight lower-tier prize levels (as well as the jackpot) are pari-mutuel. Its second prize often rolls over, and has paid over $1 million (cash) on multiple occasions.
* New York requires the jackpot choice (cash or annuity) to be made when the ticket is bought.
* Ohio has a Kicker game than can be played only with Mega Millions. A six-digit number is printed on all Ohio Mega Millions tickets, regardless if the Kicker is activated.
* Texas is the other Mega Millions state that requires the payment choice to be made before winning, instead of after. (This also applies to its Lotto Texas.) Likewise, it is the only state with the Megaplier (see above).
Georgia and New Jersey, while requiring the cash/annuity choice when playing, allows an annuity ticket to be changed to lump sum when claiming (a cash ticket cannot be changed, however). The jackpot choice in New York and Texas is binding. The game-wide cash option started after federal regulations signed by then-President Bill Clinton no longer required the choice to be made when playing.
Except in California, where it is 180 days, Mega Millions winners have one year in which to claim all prizes, including the jackpot (although some winners lose the right to collect a jackpot in cash if they wait more than 60 days after the drawing).
Miscellany
The attack on the World Trade Center on September 11, 2001 resulted in the state of New York passing legislation that included joining a multi-state lottery game. Separately, Ohio also voted as such. Both states opted to join the then-Big Game (on May 15, 2002) and its seven members. The added populations of the two new states, in turn, led to a larger double matrix (actually, the first machine continued to hold 52 balls, while 16 gold balls were added in the second, meaning there were 52 numbers to pick from in each part of a $1 game.) At this time, the game was renamed Mega Millions.
A budget impasse in New Jersey in June 2006 led to the temporary shutdown of less-important state agencies on July 1, 2006. Among the casualties were the Atlantic City casinos, and the New Jersey Lottery. Not only were the in-state games (such as New Jersey Pick 6) not drawn for about a week, but all its lottery terminals were shut down, meaning Mega Millions could not be played in the Garden State, even though Mega Millions was drawn as usual.
References
1. ^ Payouts are uniform in all Mega Millions states, except in California, where all prizes, including the jackpot, are pari-mutuel, meaning payouts are based on sales and the number of winners. All other Mega Millions states set the second through ninth prizes at pre-determined amounts.
2. ^ If more than one person wins the jackpot, the prize is equally divided among the winning tickets. Winners have between 180 days to 1 year to collect the jackpot, depending upon the applicable laws in the state where the winning ticket was sold. Other than in New York and Texas (see above), a jackpot winner has 60 days from the drawing, or in some states, 60 days after claiming, to choose cash or annuity. The lump sum payment is typically approximately 55%-60% of the annuity value. The minimum jackpot prize is US$12 million, disbursed in 26 annual payments, or a cash payout.
External links
* MegaMillions.com - Official site
Retrieved from "http://en.wikipedia.org/wiki/Mega_Millions"
* This page was last modified 01:36, 31 August 2007.
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9 comments:
Hello Margaret! (I like the way you spell Abagale.)
Where are you, who are you, what are you, how often do you play the Lottery, how often do you win the Lottery?
Somebody said Lotteries are a Tax on people who are bad at math(s).
Politicians love Lotteries because people volunteer to give their money to the government, so the politicians don't have to raise taxes, which will outrage their voters and get them voted out of their cushy jobs.
Okay, Margaret, there was a PizzaQ in this post -- a little trivia question. Please read it and answer it (because nobody else did).
I know a really nice poem for a young girl named Margaret, I'll post it to Vleeptron today.
What else did you like on Vleeptron? Tell me more about jobs for Java professionals. (Vleeptron posts about Java now and then.) And outdoor gas cooking grills.
Hi Marion! Thanks for visiting VleeptronZ!
Are you a Carbon-Based or a Silicon-Based Sentient Entity?
This was actually a very interesting article. I have never thought of what I would take if I won. I would like to think that the lump sum of cash would be the best option. However the other option may be worth it as well. I guess it would depend on how much money I would have won. I really enjoyed reading your article though. Thanks so much for the interesting post.
Hiya Brielle, cool, you're a Trojan! (Trojaneusse?)
This is perhaps not the Happiest Time for me to discuss government-run or licensed lotteries and casinos. Down the road from me, 3 big corporations are trying to get a casino licensed in an already failed/collapsed dangerous dump city, Springfield. Just what Springfield needs: more liquor, more drugs, more underage prostitution, more gun violence -- and new easy opportunities for poor people to throw what little money they have down the gambling toilet.
I like the Mathematical Aspects of lotteries, I find these alluring Sucker Games fascinating.
Someone once described lotteries as a tax on the mathematically stupid.
Do you know the Brecht/Weill opera "Decline and Fall of the City Mahagonny"? The Doors "Whisky Bar Song" is from that. Mahagonny is a city in Alabama where EVERYTHING is for sale, and there is only 1 crime (and it's a capital crims): Not Paying the Bill.
Hiya Brielle, cool, you're a Trojan! (Trojaneusse?)
This is perhaps not the Happiest Time for me to discuss government-run or licensed lotteries and casinos. Down the road from me, 3 big corporations are trying to get a casino licensed in an already failed/collapsed dangerous dump city, Springfield. Just what Springfield needs: more liquor, more drugs, more underage prostitution, more gun violence -- and new easy opportunities for poor people to throw what little money they have down the gambling toilet.
I like the Mathematical Aspects of lotteries, I find these alluring Sucker Games fascinating.
Someone once described lotteries as a tax on the mathematically stupid.
Do you know the Brecht/Weill opera "Decline and Fall of the City Mahagonny"? The Doors "Whisky Bar Song" is from that. Mahagonny is a city in Alabama where EVERYTHING is for sale, and there is only 1 crime (and it's a capital crims): Not Paying the Bill.
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