Being America's largest jackpot, the Mega Millions Lottery offers jackpot prizes as low as 12 million dollars, and if you are very luck y you could even receive a record breaking prize like the 390 million dollar prize.
The United States biggest jackpot, Mega Millions Lottery offers multimillion prizes. So far prizes have ranged from 12 million dollars to a couple of hundred million dollars, with the maximum prize so far valued at $390 million dollars, won back in 2007.
If you decided to go for a lottery ticket and it is your first time, then you probably don't know much about how to play the game. First, you have to buy a $1 Mega Millions ticket. Buying more tickets increases your chances of being selected.
To join a Mega Millions Lottery draw, all you need to do is buy a ticket. The ticket will cost you one dollar and the more tickets you buy, the higher are your chances of being selected and winning the jackpot.
In your ticket, there are six numbers. You have to choose six numbers from two pools of numbers. The first five numbers should be different, covering numbers from 1 to 56. The sixth number shoulr range from 1 to 46. If you don't want to pick the numbers yourself, you could select Easy Pick and it will do the job for you. Only when you match all six winning numbers will you win the jackpot.
If you won the prize, you will be left with two payment choices. The first alternative will be a cash, one time, lump-sum that would cover a portion of your prize usually around 50% of the prize value, more or less.
Your second choice is to be paid on a yearly basis over a period of 26 years. You get to get an amount approximately totaling $38,500 before taxes for every 1 million dollar in the jackpot. Usually, this second option will provide you with more money.
Actually, it is according to your investment plans that you will decide which is a better, more money saving option. Therefore, we would advise you to consult with a financial and investment professional before taking the decision of how you want to receive the money.
The United States biggest jackpot, Mega Millions Lottery offers multimillion prizes. So far prizes have ranged from 12 million dollars to a couple of hundred million dollars, with the maximum prize so far valued at $390 million dollars, won back in 2007.
If you decided to go for a lottery ticket and it is your first time, then you probably don't know much about how to play the game. First, you have to buy a $1 Mega Millions ticket. Buying more tickets increases your chances of being selected.
To join a Mega Millions Lottery draw, all you need to do is buy a ticket. The ticket will cost you one dollar and the more tickets you buy, the higher are your chances of being selected and winning the jackpot.
In your ticket, there are six numbers. You have to choose six numbers from two pools of numbers. The first five numbers should be different, covering numbers from 1 to 56. The sixth number shoulr range from 1 to 46. If you don't want to pick the numbers yourself, you could select Easy Pick and it will do the job for you. Only when you match all six winning numbers will you win the jackpot.
If you won the prize, you will be left with two payment choices. The first alternative will be a cash, one time, lump-sum that would cover a portion of your prize usually around 50% of the prize value, more or less.
Your second choice is to be paid on a yearly basis over a period of 26 years. You get to get an amount approximately totaling $38,500 before taxes for every 1 million dollar in the jackpot. Usually, this second option will provide you with more money.
Actually, it is according to your investment plans that you will decide which is a better, more money saving option. Therefore, we would advise you to consult with a financial and investment professional before taking the decision of how you want to receive the money.
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