When a player wins a Mega Millions jackpot, he or she is eligible to choose a cash payout or an annuity payment. In Georgia, New Jersey, and Texas, players can change their tickets from an annuity to cash after winning. They must wait 60 days to claim their prize after they’ve been notified of their win. The jackpot is currently worth an estimated $20 million. After the winning draw, the winner can choose to receive their cash payment as a lump sum or as a series of payments over the next 30 years.
The odds of winning the Mega Millions jackpot are approximately 1 in 328,575,350. Mega Millions draws are held twice a week at 11 p.m. The official Ohio Lottery website offers information on raffles, instant tickets, and other lottery games. If you don’t win the Mega Millions jackpot, don’t lose hope. There are still other ways to win the jackpot. However, the odds of winning are not very high.
You can purchase a Mega Millions ticket for $2 at any participating Lottery retailer or through the lottery website. The drawings are held every Tuesday and Friday at 11:59 p.m. To be eligible for the draw, you must purchase your ticket before the drawing. If you do not purchase your ticket before the deadline, your ticket will be valid for the next draw. Regardless of whether you win, you must be at least 18 years old to claim your prize.
If you win the Mega Millions jackpot, you will have to choose between a lump sum payment and 30 payments spread over 29 years. While you can choose to receive the jackpot in lump sum, most lottery winners opt for the lower cash amount. After taxes, the jackpot amount would be $221.1 million. In this case, you would end up with about $69.8 million less than you originally anticipated. You should also check whether your state requires you to pay state taxes on the jackpot amount.
The Mega Millions jackpot has surpassed the $200 million mark, and the next drawing will be held on Tuesday, June 7. The cash option for this drawing is $119.3 million. On Tuesday, one lucky player matched five white balls to win $1 million. He was from Massachusetts, and he did not opt for the Megaplier option. The Megaplier option would have doubled the prize to $4 million. Five tickets bought in Michigan won $2,000 each.
After claiming your prize, you will need to give your play slip to the retailer. Make sure that you have all the right numbers and check the date on the ticket to ensure that you are the winner. You must be 18 years old to purchase Mega Millions tickets. You can only claim your prize if you are the winner. You must also pay the tax if you win, but it’s not mandatory. You should check your state’s lottery rules to see whether they require payment before purchasing your ticket.