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Mega Millions Reward: Everything You Need To Know!

William R Simmons by William R Simmons
30 December 2022
in Money and Finance
Mega Millions Reward Everything You Need To Know

Mega Millions, America’s leading lottery that gives the world’s biggest jackpot to the winner!

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Do you want to know how to win Mega Millions? Are you interested in its rewards?

Here’s everything you want to know.

Table of Contents

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  • Mega Millions
  • How To Play Mega Millions?
  • Mega Millions Rewards And Odds
  • Biggest Jackpots Ever Won
  • How Will You Know If You Win A Prize? 
  • How To Claim The Reward?
  • What Is A Megaplier?
  • Can Foreigners Play Mega Millions?

Mega Millions

Mega Millions was founded in 1996 and is now played in 47 US states and jurisdictions, with additional players from abroad signing up online. In Atlanta, Georgia draws are held on Tuesdays and Fridays nights.

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Playing Mega Millions will let you win a massive amount of jackpot, which is considered the world’s biggest jackpot. The winners of the Jackpot in Mega Millions 2021 got about 1.05 billion.

The most interesting fact is that you can win up to 7 crores, even if you don’t get the matching numbers. It is interesting, right?

Let’s see how the game is played.

How To Play Mega Millions?

You place a wager on the outcomes when you play Mega Millions rather than buying a ticket for the draw. You can participate without having to be in the United States because the chances and prizes are the same if you had brought a ticket.

Each Mega Millions play costs $2.00. The players have the option to choose Easy Pick/Quick Pick, which allows them to choose six numbers from two independent pools of numbers: Five different numbers ranging from 1 to 70 (the white balls), and one number ranging from 1 to 25 (the gold Mega Ball).

The six winning numbers must all match to win the prize.

The beginning jackpot will change depending on sales and will be disclosed before each drawing until further notice.

Mega Millions Rewards And Odds

If the numbers you selected in your Mega Millions ticket match the winning numbers drawn, you win one of nine prize tiers. The Mega Ball must be matched to win, and the value of rewards rises the more numbers you match. 

Mega Millions Rewards And Odds

You must match all five major numbers and the Mega Ball in order to win the jackpot. If the jackpot is not won, it continues to rise from its initial amount until a winner is found.

Here are the Mega Millions rewards and odds:

MatchPrizeOdds
5 + Mega BallJackpot1 in 302,575,350
5$1,000,0001:12,607,306
4 + Mega Balls$10,0001:931,001
4$5001:38,781
3 + Mega Balls$2001:14,547
2 + Mega Balls$101:693
3$101:606
1 + Mega Balls$41:89
Mega Ball$21:36

Biggest Jackpots Ever Won

When a player from South Carolina won $1.537 billion on 23, 2018, it broke the previous record for the largest Mega Millions prize ever. The historic $ 1.586 billion Mega Ball jackpot from January 2016 was only barely beaten by that jackpot in 2018.

However, the Mega Millions $656 million jackpot in March 2012 was the highest lottery payout ever for four years before the lottery held that extraordinary draw.

The latest Mega Millions draw was taken on 27, December 2022, and the estimated jackpot for the winner is about $565 million.

The first jackpot winner of Mega Millions draws was in 2002. And it has now reached 2022 with lots of jackpot winners. It started with a jackpot of $165 million and it even reached $1.537 billion.

We can expect in the upcoming years more exciting and huge jackpots will be given by Mega Millions.

How Will You Know If You Win A Prize? 

You will automatically receive an email notifying you if you win a prize. For prize tiers four through nine, the money will be automatically credited to your account. If you place in the top three tiers, someone will get in touch with you and tell you how to file a claim.

How To Claim The Reward?

There are two options for the winners to claim the prize, one is the annuity option and the other is a cash option. The Mega Millions annuity pays out in 29 annual installments after one initial payout.

Every payment is 5% larger than the one before it. By doing this, the winner’s lifestyle and spending power are preserved throughout inflationary times. The total cash value of the Mega Millions jackpot prize pool is paid out in a single lump sum.

Must Check:- MicroStrategy Walks Back On Its Words To Survive Economic Times

What Is A Megaplier?

In addition to the jackpot, there is a multiplier option that you can use to increase your wins in the smaller prize categories. A number between 1 and 5 is drawn independently as the Megaplier number.

Non-jackpot winnings are multiplied by 2, 3, 4, or 5 depending on the number that is drawn. When purchasing Mega Millions of lottery tickets, the Megaplier must be activated, as it is an optional add-on. You need to pay an extra $1 for playing in Megaplier.

Can Foreigners Play Mega Millions?

Mega Millions is open to non-residents and foreigners, but they must buy their tickets from the US. Furthermore, the prize must be claimed in the US. The people outside the US should pay huge taxes if they win the prizes. 

There are various websites available online that help people outside America to play Mega Millions online. The website lets the player choose the numbers and you can pay the amount through their website.

The local people from the US will buy the ticket of the number you have chosen on your behalf. Thus, there are several options for an outsider to be a part of Mega Millions.

Read More:- Argo Blockchain: The World’s Leading Cryptocurrency Miner?

Tags: Finance

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