Mega Millions

Mega Millions (MM) is a US multi-jurisdictional $1 lottery game. Since it replaced The Big Game in May 2002 (see below), Mega Millions' advertised jackpots have started at $12 million, paid in 26 equal yearly installments (unless the cash option is chosen); the jackpot increases when there is no top-prize winner.

Reflecting common practice among American lotteries, the jackpot is advertised as a nominal value of annual installments. A cash value option (the usual choice), when chosen by a jackpot winner (see below), pays the approximate present value of the installments. Mega Millions currently uses a 5/56 (white balls) plus 1/46 (the Mega Ball) double matrix to select its winning numbers. Each game costs $1; in 43 of the 44 Mega Millions jurisdictions (California is the exception), there is an option, called Megaplier (such games are $2 each) where non-jackpot prizes are multiplied by 2, 3, or 4. The Megaplier was made available to all Mega Millions jurisdictions in January 2011; it began as a Texas-only option. Mega Millions is drawn at 10:59 p.m. Eastern time Tuesdays and Fridays, including holidays. Mega Millions is administered by a consortium of its 12 original lotteries and the drawings are held at WSB-TV in Atlanta, Georgia. supervised by the Georgia Lottery.

The largest jackpot in Mega Millions, as well as in American lottery history, was $656 million annuitized (with a cash option of $474 million) for the March 30, 2012 drawing in which there were three jackpot-winning tickets; one each in Illinois, Kansas, and Maryland. All three tickets had been claimed as of April 18, with each set of winners choosing the cash option.

Read more about Mega Millions:  The 2010 Expansion of Mega Millions and Powerball, Current and Future Participating Members, Record Jackpots, The Draw, Record Jackpots (listed By cash Value), Revenue, 2012 Price Increase in Powerball, Miscellany

Other articles related to "mega millions":

Louisiana Lottery (modern) - Lottery Games - Current In-house Games - Mega Millions (multi-lottery Game)
... Louisiana did not participate in the cross-selling expansion of Mega Millions and Powerball on January 31, 2010 ... As of October 27, 2011, there are 46 US lotteries 42 offer Mega Millions and Powerball, while California offers only Mega Millions ... a $2-per-play game in January 2012, Louisiana decided to pursue adding Mega Millions, which has always been $1 per play $2 with the Megaplier option (there are no plans to raise ...
South Carolina Education Lottery - Mega Millions (multi-lottery Game)
... On October 13, 2009, the Mega Millions consortium and MUSL reached an agreement in principle to cross-sell Mega Millions and Powerball in US lottery ... Mega Millions tickets became available through the SCEL on January 31, 2010 ...
Lotteries By Country - Country Details - United States
... major US multi-jurisdictional game, then known as The Big Game (now called Mega Millions), was formed in 1996 by Georgia, Illinois, Massachusetts, Maryland ... In late 2009, MUSL and the Mega Millions consortium agreed to allow US jurisdictions then with either game to sell tickets for both beginning January 31, 2010 ... As of April 13, 2011, Mega Millions is available in 43 jurisdictions, with Powerball in 44 both games are available in 42 jurisdictions ...
Maine Lottery
... An agreement was reached on October 13, 2009, for Mega Millions and Powerball to be available through every US lottery ... Maine began sales of Mega Millions on May 9, 2010, after most lotteries began offering both games on January 31, 2010 ... Budget had passed it included a provision to require Maine to join Mega Millions on May 9, 2010 ...
Mega Millions - Miscellany
... On May 15, 2002, the game was renamed The Big Game Mega Millions soon after, it became just Mega Millions ... Except for the 2010 cross-selling expansion, this was the only time The Big Game, Mega Millions, or Powerball simultaneously added more than one lottery ... In 2005, Mega Millions was the target of a mailing scam ...

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