![]() Mega Millions players have up to one year after the date of the winning draw to claim any prizes. The annuity option consists of 30 annual instalments spread over 29 years, while the cash option is a reduced figure and reflects the present cash value of the jackpot. If you win the Mega Millions jackpot, you have to choose whether to receive the money as an annuity or a one-time lump sum. The following table shows all the possible payouts for players who add the Megaplier. The Megaplier number is selected at random as part of the draw. If you decide to add the Megaplier to your Mega Millions ticket, any prize you win apart from the jackpot will be multiplied by 2x, 3x, 4x or 5x. It makes it possible to win $5 million without even matching all of the numbers. The Megaplier is an optional feature that multiplies non-jackpot prizes by up to five times their original value. The overall odds of winning a Mega Millions prize are 1 in 24 The following table shows all the different ways to win, along with the odds. All of the prizes below the jackpot are fixed amounts. You can also win prizes by matching fewer numbers, starting with a $2 payout for matching just the Mega Ball without any of the main numbers. In January 2021, a four-member Michigan lottery club from Oakland County won $1 billion, one of the largest prizes ever seen in the game’s history. The jackpot starts at $20 million and keeps rolling over until it is won, regularly creating prizes worth hundreds of millions of dollars. To win the top prize, all of your selected numbers must be the same as the numbers that are drawn. There are nine prize levels in Mega Millions.
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