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Mega Millions(U.S.)

Mega Millions (started in 1996 and coined as The Big Game Mega Millions in 2002) is an American multi-jurisdictional lottery game; it is offered in 44 states, U.S. Virgin Islands and the District of Columbia. First ever Mega Millions drawing was in 2002.

The Mega Millions is paid in 30 graduated yearly installments and the minimum advertised jackpot is $15 million. It receives 5% increment every year.

The jackpot shows the common mechanism of American lotteries, and it is advertised as a nominal value of yearly installments. If winners choose the cash value option, they are paid the approximate present value of the installments. The current format of Mega Millions started on October 19, 2013, whereas its first drawing was October on 22nd. It(Mega Millions) uses a double matrix to pick its winning numbers which are 5/75 (for the white balls) plus 1/15 (for the Mega Ball)

The each game incurs a charge of $1.

The Mega Millions has 46 jurisdictions, of which all but California offer an option, called Megaplier(plays with the Megaplier are $2 each).Megaplier has an option where non-jackpot prizes are propagated 2, 3, 4, or 5 times. When it comes to Mega Millions jurisdictions, The Megaplier was exhibited in January 2011. Initially, it was only available in Texas. Mega Millions is drawn at 11 p.m. EST on Tuesday and Friday evenings (comprising holidays).

Decided by an association of its 12 original Lotteries, the Mega Million drawings are held at the studios of ABC affiliate WSB-TV in Atlanta, Georgia. They are managed by the Georgia Lottery.

The current 5/75 plus 1/15 layout yielded its first two jackpot winners, who shared a jackpot price worth $648 million (Through value; with a cash option of $347,639,485) on 17th December 2013. It is the deemed as the second highest jackpot in Mega Millions history. First of the jackpot-winning ticket was sold in San Jose, California; and the second in Atlanta, Georgia.

Mega Millions will experience one of its major format changes on October 28, 2017.  Thereon, Plays will be $2 each (Megaplier: $3); all the 46 Mega Millions members will have an option to propose participants a “jackpot-only” choice of 2 plays for $3.

For the March 30, 2012, drawing, the largest jackpot in Mega Millions history was $656 million annuity value (with a cash option of $474 million). It witnessed 3 jackpot-winning tickets in Illinois, Kansas, and Maryland respectively. Each set of winners chose the cash option of $158 million, and all 3 tickets had been claimed by April 18.