NY state Lottery Mega Millions
Mega Millions tickets cost $1.00 per play.
Players may pick six numbers from two separate pools of numbers: five different numbers from 1 to 75, and one number from 1 to 15 or select Easy Pick. You win the jackpot by matching all six winning numbers in a drawing.
If you Win?
If you select the annuity option, which provides annual payments over a 30 year period, for every million dollars won, you will receive approximately $38, 500 per year before taxes. You also have the option of a one-time, lump sum payment.
In addition to the jackpot, there are other prizes ranging from $2 to $250, 000.
Mega Millions prizes will not be awarded based solely on the information below. Your Mega Millions member state lottery must validate your ticket claim before your prize is awarded.
All tickets, transactions and players are subject to the lottery rules, regulations and laws of the state where you buy your ticket. When you buy that ticket, you agree to be bound by those rules, regulations and state laws. Copies are available from your state lottery.
Presentation or transfer for payment of an altered, forged or counterfeit ticket is a felony.
Winning tickets are subject to validation. Winning Mega Millions tickets must be redeemed within the time period after the drawing that is specified by the lottery state where you bought your ticket.
Tickets purchased in a Mega Millions member lottery state can be redeemed only in that state.
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Mega Millions jackpot rises to $83 million — Detroit Free Press
The Mega Millions jackpot has risen to an estimated $83 million for the next drawing in the multistate lottery game.
How does the NY State Lottery calculate the lump sum cash amount for winning the Mega Millions top prize
The value shown for the lotto represents what you will earn in 20 years. The lump sum is the present value of that future sum. to make it simple, suppose the jackpot is $1000. If you were to opt for payments instead of lump sum, you would get a certain amount of money every year for twenty years that would add up to 1000 dollars. so if the jackpot is 300 million dollars you would need a financial calculator to figure out what the interest is, the amount of periods (if it is 20 years it is 240 periods). after you figure out the present value, taxes which is 50% of that to calculate the l…