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$550 MILLION: Mega Millions holiday bonanza!

Topic closed. 220 replies. Last post 3 years ago by Viking Orayk.

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olplugger's avatar - moon2
Mechanicsville, VA
United States
Member #84145
December 23, 2009
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Posted: December 14, 2013, 3:21 pm - IP Logged

Half-billion jackpot is 4th-largest of all time

By Todd Northrop

What a wonderful Christmas miracle it will be for some lucky lottery player this year!

After 21 drawings without a jackpot winner, the multi-state Mega Millions lottery game now boasts a swelling jackpot of more than a half-billion dollars that could instantly put someone among the wealthiest people on the planet.

After nobody won Friday night's grand prize, the Mega Millions jackpot grew to an estimated $550 million — the largest since the record-setting $656 million jackpot set on March 30, 2012, and the 4th-largest United States lottery jackpot of all time (see full list below).

The lump-sum cash value of $295.3 million is also the 4th-largest on the all-time US lottery jackpot cash value list.

The current jackpot run-up started on October 4 as a $12 million grand prize — it has been 2½ months since Mega Millions has had a jackpot winner.

Lottery players wondering what all the cash will look like in their bank account after federal and state taxes are taken out can see an after-tax analysis of the current Mega Millions jackpot by visiting USA Mega's Jackpot Analysis page.

Undoubtedly, the rush of ticket sales over the next few days will propell the jackpot to an even higher amount before the drawing takes place Tuesday.  After all, the Friday drawing was raised an extra $25 million by Friday afternoon.  (See $425 MILLION: Mega Millions jackpot raised on huge sales, Lottery Post, Dec. 13, 2013.)

In Friday night's Mega Millions drawing, there was no jackpot winner, but 9 lucky players matched the first 5 numbers for a $1,000,000 prize: 1 from Colorado, 1 from Connecticut, 2 from Florida, 2 from Michigan, 1 from New Jersey, and 2 from New York.

Unfortunately, none of the nine second-prize winners purchased their ticket with the Megaplier option for an extra $1 per play.  If they had, their prize would have been doubled to $2 million, because the Megaplier number drawn was 2.

The Megaplier option is not available in California, because the fixed nature of the prize increase offered with the Megaplier is not compatible with California's pari-mutuel payouts. By law, California awards all prizes on a pari-mutuel basis, meaning the prizes will change each drawing based on the number of tickets sold and the number of tickets that won at each prize level.

Also, a total of 230 tickets matched four of the first five numbers plus the Mega Ball to win a $5,000 prize. Of those tickets, 20 were purchased with the Megaplier option, doubling the prize to $10,000, and 27 were sold in California, where the prize awarded this drawing is $4,906.

The Mega Millions winning numbers for Friday, December 13, 2013, were 19, 24, 26, 27, and 70, with Mega Ball number 12. The Megaplier number was 2.

Following the Friday drawing, the Mega Millions annuity jackpot estimate was raised $125 million from its previous amount of $425 million. The cash value was raised by $67.1 million, from its previous amount of $228.2 million. 

Mega Millions is currently offered for sale in 43 states, plus Washington, D.C. and the U.S. Virgin Islands. Drawings are Tuesdays and Fridays at 11:00 pm Eastern Time. Tickets cost $1 each.

A 44th Mega Millions state may be added in early 2014, as the state of Wyoming has approved a new state lottery with the intention of joining multi-state lottery games. (See Wyoming officially becomes 44th state with a lottery, Lottery Post, Mar. 14, 2013.)

The Mega Millions winning numbers are published at USA Mega (www.usamega.com) minutes after the drawing takes place.

Top 25 United States lottery jackpots of all time

Tuesday's Mega Millions jackpot currently stands as the 4th-largest lottery jackpot of all time in the United States.  That position may rise before the drawing, as lotteries are typically conservative in their initial estimates, and brisk sales may push the jackpot estimate higher by draw time.

  1. Mega Millions: $656 million, Mar. 30, 2012 - Illinois, Kansas, Maryland
  2. Powerball: $590.5 million, May 18, 2013 - Florida
  3. Powerball: $587.5 million, Nov. 28, 2012 - Arizona, Missouri
  4. Mega Millions: $550 million, Dec. 17, 2013 - Preliminary estimate, not won yet
  5. Powerball: $448.4 million, Aug. 7, 2013 - Minnesota, New Jersey (2)
  6. Powerball: $399.4 million, Sep. 18, 2013 - South Carolina
  7. Mega Millions: $390 million, Mar. 6, 2007 - Georgia, New Jersey
  8. Mega Millions: $380 million, Jan. 4, 2011 - Idaho, Washington
  9. Powerball: $365 million, Feb. 18, 2006 - Nebraska
  10. The Big Game: $363 million, May 9, 2000 - Illinois, Michigan
  11. Powerball: $340 million, Oct. 19, 2005 - Oregon
  12. Powerball: $338.3 million, Mar. 23, 2013 - New Jersey
  13. Powerball: $337 million, Aug. 15, 2012 - Michigan
  14. Powerball: $336.4 million, Feb. 11, 2012 - Rhode Island
  15. Mega Millions: $336 million, Aug. 28, 2009 - California, New York
  16. The Big Game: $331 million, Apr. 16, 2002 - Georgia, Illinois, New Jersey
  17. Mega Millions: $330 million, Aug. 31, 2007 - Maryland, New Jersey, Texas, Virginia
  18. Mega Millions: $319 million, Mar. 25, 2011 - New York
  19. Mega Millions: $315 million, Nov. 15, 2005 - California
  20. Powerball: $314.9 million, Dec. 26, 2002 - West Virgina
  21. Powerball: $314.3 million, Aug. 25, 2007 - Indiana
  22. Powerball: $295.7 million, Jul. 29, 1998 - Indiana
  23. Powerball: $295 million, Aug. 25, 2001 - Delaware, Kentucky, Minnesota, New Hampshire
  24. Mega Millions: $294 million, Jul. 2, 2004 - Massachusetts
  25. Powerball: $276.3 million, Mar. 15, 2008 - West Virgina

For those keeping score, the number of jackpots in the top 25, by lottery game, are:

  • Mega Millions: 9
  • Powerball: 14
  • The Big Game: 2

The Big Game is the original name of Mega Millions, from the game's first drawing on Sep. 6, 1996 through May 14, 2002.  The name was changed to Mega Millions starting with the May 17, 2002 drawing.

Top 25 cash value jackpots

Since many lottery winners collect their winnings in cash, the lump-sum payout is an important measure of what a winning ticket could be worth.

Looking at the cash value, the upcoming Mega Millions jackpot ranks as the 4th-largest cash value in U.S. history.

  1. Mega Millions: $471 million cash, Mar. 30, 2012 ($656 million annuity) - Illinois, Kansas, Maryland
  2. Powerball: $384.7 million cash, Nov. 28, 2012 ($587.5 million annuity) - Arizona, Missouri
  3. Powerball: $370.9 million cash, May 18, 2013 ($590.5 million annuity) - Florida
  4. Mega Millions: $295.3 million cash, Dec. 17, 2013 ($550 million annuity) - Preliminary estimate, not won yet
  5. Powerball: $258.2 million cash, Aug. 7, 2013 ($448.4 million annuity) - Minnesota, New Jersey (2)
  6. Mega Millions: $240 million cash, Jan. 4, 2011 ($380 million annuity) - Idaho, Washington
  7. Mega Millions: $233.1 million cash, Mar. 6, 2007 ($390 million annuity) - Georgia, New Jersey
  8. Powerball: $224.7 million cash, Aug. 15, 2012 ($337 million annuity) - Michigan
  9. Powerball: $223.3 million cash, Sep. 18, 2013 ($399.4 million annuity) - South Carolina
  10. Mega Millions: $214 million cash, Aug. 28, 2009 ($336 million annuity) - California, New York
  11. Powerball: $211 million cash, Mar. 23, 2013 ($338.3 million annuity) - New Jersey
  12. Powerball: $210 million cash, Feb. 11, 2012 ($336.4 million annuity) - Rhode Island
  13. Mega Millions: $202.9 million cash, Mar. 25, 2011 ($319 million annuity) - New York
  14. Mega Millions: $194.4. million cash, Aug. 31, 2007 ($330 million annuity) - Maryland, New Jersey, Texas, Virginia
  15. Mega Millions: $185 million cash, Nov. 15, 2005 ($315 million annuity) - California
  16. The Big Game: $180 million cash, May 9, 2000 ($363 million annuity) - Illinois, Michigan
  17. Powerball: $177.3 million cash, Feb. 18, 2006 ($365 million annuity) - Nebraska
  18. Mega Millions: $168 million cash, July 2, 2004 ($294 million annuity) - Massachusetts
  19. Mega Millions: $167.7 million cash, Feb. 22, 2008 ($275 million annuity) - Georgia
  20. Powerball: $166 million cash, Aug. 25, 2001 ($295 million annuity) - Delaware, Kentucky, Minnesota, New Hampshire
  21. Mega Millions: $165.2 million cash, May 4, 2010 ($266 million annuity) - California
  22. Powerball: $164.4 million cash, won Oct. 19, 2005 ($340 million annuity) - Oregon
  23. Mega Millions: $164 million cash, Feb. 28, 2006 ($270 million annuity) - Ohio
  24. Powerball: $161.5 million cash, July 29, 1998 ($295.7 million annuity) - Indiana
  25. Mega Millions: $156.1 million cash, Sept. 16, 2005 ($258 million annuity) - New Jersey

W O W !!!

 I reckon the olplugger will bet a buck or two on thisone!!

"Whatever the human mind can conceive and believe it can achieve."

Napoleon Hill, Author of "Think & Grow Rich"

                                                                                                                                       

    Avatar
    NY
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    October 16, 2005
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    Posted: December 14, 2013, 4:01 pm - IP Logged

    Does Mega Millions have inside information, they state it will be a Christmas Miracle for some lucky lottery player this year! How do they know someone is going to win this Christmas.

    It's simple probability. I can tell you you're not going to win, and the chance that I'll be wrong is a miniscule fraction of 1%. If somebody wins any time between now and New Year's eve the lottery will happily call it a Christmas miracle, and not many people will argue.

    If it keeps rolling, even a very conservative estimate would put sales at 200, 250, 300, 350 and 400 million. Being conservative again, that would mean the chance of not  having at least one winner would be about 50%, 40%, 30%, 30% and 20%. That makes the overall chance of rolling past New Year's eve 0.36% if sales don't increase very much. Assuming stores can print a lot more then 400 million tickets per drawing the chance of 5 more rollovers is probably a good bit less than 1 in 1000. Figuring there's still a fair chance for arollover on Tuesday and sales will get ridiculously big, there's probably at least a 90% chance that there's at least one very happy camper come Christmas morning.

    In the very unlikely event it does continue to roll, the lottery will just jump up and down and publicize the wonderful start to the new year that some lucky people are having.

      Coin Toss's avatar - shape barbed.jpg
      Zeta Reticuli Star System
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      Posted: December 14, 2013, 4:35 pm - IP Logged

      Todd,

      "BTW, it was lucky that nobody won the jackpot Friday, because with nine 5+0 winners, the odds were better that someone would hit."

      Do you really consider a house advantage of 240M : 1 'lucky" for the house?

      Using round numbers, odds against 5 + 1 are 258M :1

      Odds againt 5 + 0 are 18M :1

      That's a differnce of 240M.

      258 - 18  = 240, no?

      You're the guru of lottery information...how many games out there are 240M : 1 odds? Most state Pick 6 games are somewhere around 20M :1.

      It sounds enticing that 9 people (or any number of peoplre) would have hit 5 + 0, but that's all part of the hype.Having the 5 and the right number of the 15 Mega numbers combined is the challenge. It hasn't happened yet and it isn't going to happen all too often.  This game is now designed to make MM richer and richer and richer and the rare jackpot winner is just the price of doing business.

      ____________________________________________

      Old School Pa,

      What's brining in revenue for Lucky Day Lotto is the fact that the player doesn't have the option of specifying Midday or Evening. On My3, Pick 3, and Pick 4 you have that option. On Lucky Day Lotto you can play multidraw but players who intended on playing just the next draw often play the next two. Say the jackpot is $500,000 for the evening and you know you won't be able to get the next day's Midday in time. Bingo, Northstar has turned another $1 play into a $2 play, times how many people?

      Those who run the lotteries love it when players look for consistency in something that's designed not to have any.

      Lep

      There is one and only one 'proven' system, and that is to book the action. No matter the game, let the players pick their own losers.

        helpmewin's avatar - dandy
        u$a
        United States
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        February 22, 2011
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        Posted: December 14, 2013, 5:16 pm - IP Logged

        It's funny to watch all the news people go nuts over this MM JP, especially the clueless ones.

        You see them on TV all excited at the local store interviewing people. Saying stuff like, "the new game has changed to choosing 6 balls from 1 - 75 instead of 1 - 56" odd are higher, odds are lower, and all the multitudes of statistical comparisons, like you're more likely to _____________ than you are to win the jackpot.

        I Agree! to many numbers on the top

        Let it Snow Snowman

          Goteki54's avatar - Lottery-007.jpg
          Baltimore, MD
          United States
          Member #143332
          May 30, 2013
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          Posted: December 14, 2013, 5:31 pm - IP Logged

          The causal player can care less about the odds. It's not like PB's odds are a cream puff either. When I play MM, I would like to hit the jackpot, but I am more so treating this as a 5/75 game aiming for the $1 milllion dollar 2nd prize. Even with the Gold Money ball not included, the odds are still 1 in 17,259,390

          Following the trends and patterns means following the money!Banana

            Goteki54's avatar - Lottery-007.jpg
            Baltimore, MD
            United States
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            May 30, 2013
            398 Posts
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            Posted: December 14, 2013, 5:41 pm - IP Logged

            I can't think of nothing better then nailing the jackpot on Chritmas Eve!!!Smiley Santa

            Following the trends and patterns means following the money!Banana

              golfer1960's avatar - Lottery-003.jpg
              Eatontown, NJ
              United States
              Member #119670
              November 29, 2011
              740 Posts
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              Posted: December 14, 2013, 5:54 pm - IP Logged

              You can give the lottery officials a temporary PO box then change it shortly after. If you move to a ultra secure neighborhood, there would be no need to have a special door bell. There are numerous communities that offer their residences both privacy and security.

              Any "unlucky" soul would be best advised to relocate. Anyone who believes that they can stay put at their current residence is purely dilusional unless they already reside in a private, guard gated enclave.

              Yup! Yes Nod

                Todd's avatar - Cylon 2.gif
                Chief Bottle Washer
                New Jersey
                United States
                Member #1
                May 31, 2000
                23269 Posts
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                Posted: December 14, 2013, 5:55 pm - IP Logged

                Todd,

                "BTW, it was lucky that nobody won the jackpot Friday, because with nine 5+0 winners, the odds were better that someone would hit."

                Do you really consider a house advantage of 240M : 1 'lucky" for the house?

                Using round numbers, odds against 5 + 1 are 258M :1

                Odds againt 5 + 0 are 18M :1

                That's a differnce of 240M.

                258 - 18  = 240, no?

                You're the guru of lottery information...how many games out there are 240M : 1 odds? Most state Pick 6 games are somewhere around 20M :1.

                It sounds enticing that 9 people (or any number of peoplre) would have hit 5 + 0, but that's all part of the hype.Having the 5 and the right number of the 15 Mega numbers combined is the challenge. It hasn't happened yet and it isn't going to happen all too often.  This game is now designed to make MM richer and richer and richer and the rare jackpot winner is just the price of doing business.

                ____________________________________________

                Old School Pa,

                What's brining in revenue for Lucky Day Lotto is the fact that the player doesn't have the option of specifying Midday or Evening. On My3, Pick 3, and Pick 4 you have that option. On Lucky Day Lotto you can play multidraw but players who intended on playing just the next draw often play the next two. Say the jackpot is $500,000 for the evening and you know you won't be able to get the next day's Midday in time. Bingo, Northstar has turned another $1 play into a $2 play, times how many people?

                It has nothing to do with the overall odds.  The real-world likelihood of a jackpot winner is determined by how many people hit 5+0.  Seasoned lottery players know that the more birthday numbers drawn, the more likely there will be a winner.  I'm sure the low numbers drawn Friday helped increase the number of 5+0 winners, which in turn made it more likely than not that someone would win the jackpot.  (A 9-in-15 chance, or 60% chance.)  The fact that nobody won therefore was in fact "lucky".

                 

                Check the State Lottery Report Card
                What grade did your lottery earn?

                 

                Sign the Petition for True Lottery Drawings
                Help eliminate computerized drawings!

                  Avatar
                  New Member
                  Florida
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                  Posted: December 14, 2013, 5:59 pm - IP Logged

                  I agree with you 100%. Luck is Luck!!!

                    golfer1960's avatar - Lottery-003.jpg
                    Eatontown, NJ
                    United States
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                    November 29, 2011
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                    Posted: December 14, 2013, 5:59 pm - IP Logged

                    Wait...$550M??

                    Oh no you didn't

                      mrcraft's avatar - images3lp4 zps7dbb4a10.jpg
                      Los Angeles, California
                      United States
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                      December 2, 2013
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                      Posted: December 14, 2013, 6:12 pm - IP Logged

                      The causal player can care less about the odds. It's not like PB's odds are a cream puff either. When I play MM, I would like to hit the jackpot, but I am more so treating this as a 5/75 game aiming for the $1 milllion dollar 2nd prize. Even with the Gold Money ball not included, the odds are still 1 in 17,259,390

                      That's the odds I get when I calculate odds for matching 5/5 with 75 balls.  However, MM has it at 18.5 mil.  Do you know how they calculate their odds for 5/5?  Just curious.

                        LottoMetro's avatar - Lottery-024.jpg
                        Happyland
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                        Posted: December 14, 2013, 6:16 pm - IP Logged

                        It has nothing to do with the overall odds.  The real-world likelihood of a jackpot winner is determined by how many people hit 5+0.  Seasoned lottery players know that the more birthday numbers drawn, the more likely there will be a winner.  I'm sure the low numbers drawn Friday helped increase the number of 5+0 winners, which in turn made it more likely than not that someone would win the jackpot.  (A 9-in-15 chance, or 60% chance.)  The fact that nobody won therefore was in fact "lucky".

                        In general this is faulty. The number of second place winners was consistent with the odds and sales. Nothing extraordinary. You could have more than 15 second place winners and still no jackpot winner.

                        Luck has nothing to do with it....probability does. There was about a 48% chance of a jackpot winner based on sales. That which is most probable usually reigns king. In this case there was a 52% chance of no winner.

                        There are occasions when conscious selection bias does affect the outcome, i.e. birthday numbers. However, for Mega Millions there are fewer than 3 million of those instances out of the near 259 million. Not very significant.

                        If the chances of winning the jackpot are so slim, why play when the jackpot is so small? Your chances never change, but the potential payoff does.
                        If a crystal ball showed you the future of the rest of your life, and in that future you will never win a jackpot, would you still play?

                        2016: -48.28% (13 tickets) ||
                        P&L % = Total Win($)/Total Wager($) - 1

                          LottoMetro's avatar - Lottery-024.jpg
                          Happyland
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                          Posted: December 14, 2013, 6:22 pm - IP Logged

                          That's the odds I get when I calculate odds for matching 5/5 with 75 balls.  However, MM has it at 18.5 mil.  Do you know how they calculate their odds for 5/5?  Just curious.

                          Calculate odds of matching 5 of 5 AND not matching the 1 of 15 Megaball.

                          (17,259,390 ÷ 1) × (15 ÷ 14) = 18,492,204 (lottonumbers dot net has great explanation)

                          It can be confusing but just remember you calculate odds for that prize only and not any other prize.

                          If the chances of winning the jackpot are so slim, why play when the jackpot is so small? Your chances never change, but the potential payoff does.
                          If a crystal ball showed you the future of the rest of your life, and in that future you will never win a jackpot, would you still play?

                          2016: -48.28% (13 tickets) ||
                          P&L % = Total Win($)/Total Wager($) - 1

                            mrcraft's avatar - images3lp4 zps7dbb4a10.jpg
                            Los Angeles, California
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                            Posted: December 14, 2013, 6:26 pm - IP Logged

                            Calculate odds of matching 5 of 5 AND not matching the 1 of 15 Megaball.

                            (17,259,390 ÷ 1) × (15 ÷ 14) = 18,492,204 (lottonumbers dot net has great explanation)

                            It can be confusing but just remember you calculate odds for that prize only and not any other prize.

                            Thanks.

                              RedStang's avatar - tallman zps6gf4inoc.jpg
                              NY
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                              Posted: December 14, 2013, 6:35 pm - IP Logged

                              I'm puzzled by the 9 second place winners. If terminals are repeating the same QP numbers, then it's possible that all combinations may never be played even if they sell a billion tics

                                 
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