What is Mega Millions?

Mega Millions is a multi-state lottery in America. The Mega Millions lottery has become a staple in the lottery landscape due to its frequency, high jackpots and popularity. This popularity has spread rapidly with the growth of online lottery providers, allowing people from anywhere in the world to take part in one of the biggest draws out there.

How to play:

To take part in the Mega Millions draw you need to pick 5 out of 70 possible numbers for your regular numbers and also choose 1 out of 25 power balls (bonus ball). The top tier prize is awarded to anyone who has correctly picked 5 regular numbers and also matched the bonus ball. You can choose between buying a single ticket or pooling together and joining a group game.

Mega Millions History:

The Mega Millions Lottery is one of the top lotteries worldwide. It currently holds the 2nd and 3rd highest jackpots ever awarded. These were for $656 million & $648 million respectively and were awarded as top prize jackpots in 2012 and 2013. These two huge jackpots are not anomalies; other huge prizes awarded through the Mega Millions include $414 million in 2014, $380 million in 2011 & $390 million was one as the jackpot prize in 2007.

It is also the rapid growth of the Mega Millions that has generated the buzz of it being a lottery worthy of playing worldwide. One of things that separates Mega Millions from the other draws out there is not just the huge, record breaking jackpots but the incredible minimum jackpot amount which is set at $15 million.

Having a minimum jackpot (which is higher than some others have as their usual jackpot) so high means players are always interested in playing the Mega Millions. It is an ideal lottery to set up a subscription as you always know that the wining prizes will be high.

Taxes

Prizes worth over $599 are subject to taxes and additional regulation required by law. However, there are no California state/local taxes.

What Happens if I Win?

When you win a jackpot you will have a two options as to how you would like to claim your winnings. The first is the most common, where jackpot winners’ are paid in 30 annual payments. However, after you win the jackpot and your prize is validated by the Lottery, you will have 60 days to choose the cash value of the prize instead of 30 annual payments.

Tips & Tricks For Increasing Your Odds:

The best way to increase your odds is to buy group game tickets. It’s pure logic & math. When you buy group game tickets you essentially ‘pool together’ your tickets and therefore up your odds immensely.

For example: If you wanted to buy a single ticket for a Mega Millions draw it will cost you $2 offline, and anywhere up to $5 per ticket online. With a group game option you buy shares in a group of tickets online. 50 tickets could make up one group (groups can be anywhere from 30-100 tickets grouped together). This group of 50 tickets is then split into 100 shares and each share can be sold separately, this way the player can buy a share in a group of 50 tickets for a prices much cheaper, as little as $0.16 per ticket. If one of the group’s ticket is a winner then the winning amount will be split according to how many shares you have in the group.

So, if we have a group of 50 tickets, split into 100 shares and you buy 10 shares in the group, you own 10% of the group of 50 tickets. This means if the group of tickets has a winner in it, say $100,000.00, you would receive 10% of this total, meaning you would win $10,000.00.