MegaMillions is a powerhouse American lottery game offering a guaranteed minimum jackpot of $15 million USD (approx. $20 million). Draws take place every Tuesday and Friday nights. Its jackpots are regularly over $500 million USD. It even held the record for the world’s biggest jackpot for over four years when a $656 million USD (approx. $870 million) jackpot was won in March 2012. In fact, it took US Powerball to beat this with its $1.58 billion USD (approx. $2.1 billion) recording smashing jackpot. In fact, MegaMillions still holds the record for the 2nd and 3rd biggest lottery jackpot prizes. Even if you don’t win the jackpot, 2nd prize is a whopping $1 million USD (approx. $1.3 million).
How to Play
MegaMillions numbers are drawn from 2 machines with the first machine containing 75 balls numbered from 1 to 75 of which five balls are drawn. One number is drawn from the second machine which contains 15 ‘Megaballs’ numbered from 1 to 15. In a standard game, players choose five numbers from the first range of 1 to 75 and one Megaball number from the second range of 1 to 15. To win the jackpot, a player must correctly guess all five standard numbers as well as the Megaball. There are 9 prize divisions and players can choose to buy a multiplier option called the ‘Megaplier’ which multiplies secondary prizes by 2-5 times for tickets depending on the Megaplier drawn alongside the main draw.
US taxes range between 38% and 44.17% on any winnings over $600 USD for US residents. There is a flat tax rate of 30% for non-residents.
Odds of Winning
Odds of winning a prize are 1 in 15, and the odds of winning the jackpot are 1 in 258,890,850.