What is ‘Mega Millions’?
‘Mega Millions’ is a national lottery game in the USA, which is currently played across 44 states. It is one of the most popular lottery games in the world and it regularly offers prizes in the region of $100 million. The game has been running since 1996, and prizes are officially available as regular cash installments – though a cash payout option is available, at a reduced value. Like all gambling payouts in the United States, lottery winners are liable to pay tax on their winnings.
‘Mega Millions’ Explained
Mega Millions is the second largest lottery game in the United States, and one of several national lottery games played where gambling is allowed. The game has some of the highest jackpots ever offered in lottery games, including the incredible $656 million annuity split between three lucky players in 2012, which paid out an instant cash value of $474 million. Only the Powerball draw has produced a larger jackpot prize. Players win this jackpot by matching all of the numbers on their ticket, including the bonus ‘Megaball’ number. There are also smaller prizes available for matching some of the numbers on the ticket, and these smaller prizes can often reach $1 million.
The game is not available in every state: Alabama, Alaska, Hawaii, Mississippi, Nevada, and Utah all prohibit lottery games. California allows residents to take part in the draw, but they are not permitted to double up their bet to enter the multiplier draw. This is a bonus bet, known as the Megaplier, which is active when a player doubles up on the price of their ticket. Wins made through the Megaplier are worth up to five times the stated prize for that tier. The Megaplier is available for all non-jackpot prizes, and it is entirely optional for the player.