Mega Millions Frequently Asked Questions
- What is the Mega Millions lottery?
- Can I play Mega Millions from the UK?
- Will I be taxed on Mega Millions prizes in the UK?
- What is the minimum Mega Millions jackpot?
- What is the maximum Mega Millions jackpot?
- What are the odds of winning the Mega Millions lottery?
- What is the smallest MegaMillions prize?
- What are the payout options if I win a Mega Million jackpot?
- Which states take part in Mega Millions?
- What is a Mega Millions Megaplier?
- Where can I find the Mega Millions results and Megaplier number online?
- Where and at what time are Mega Millions draws held?
- What is the largest Mega Million jackpot win of all time?
- What happens if there is more than one winner?
- How long do I have to collect a Mega Millions prize?
- Can my friends and I share a Mega Millions ticket?
- What happens if I lose my Mega Millions winning ticket?
- Is it possible to claim a Mega Millions jackpot anonymously?
- How old do you need to be to play Mega Millions?
- What is the difference between Mega Millions and Powerball?
Mega Millions Frequently Asked Questions
Mega Millions is a multi-state American lotto currently played in 43 different US States as well as Delaware and the US Virgin Islands. Mega Millions holds the distinction of paying out the single 2nd largest jackpot of all time.
You can only play Mega Millions from within the United States however you can now bet on Mega Millions results online from anywhere within the UK with the same odds and for the same prize money at Lottoland .
Lottery winnings, including Mega Millions prizes, are taxed differently within each US state. However, lottery money is not taxed within the UK. Money which you win betting on online lotteries from the UK will not be taxed as long as you are a resident of Great Britain.
The smallest Mega Millions prize is $12 million (roughly £7.5 million) although very few jackpots are won at this minimum level, generally rolling over several times and accumulating with each draw.
There is no maximum Mega Millions jackpot, the prize money will continue to rollover until there is a lucky winner. The bigger the Mega Millions lottery jackpot grows the more people want to take part and have their chance at becoming the next multimillionaire. As more people buy tickets the jackpot can grow exponentially, meaning that Mega Millions has had more $100,000,000+ jackpots than any other lottery in the world! Mega Millions has 2 of the top 3 lottery pay outs of all time, including the record breaking $650,000,000 (about £402,000,000) prize won in 2012.
Under the new rules introduced in October 2013 experts predict that record breaking jackpots will be set with by the new Mega Millions lottery.
There is now a 1:259000000 chance of winning the Mega Millions jackpot.
The smallest MegaMillions prize awarded is $2 and you have 1:15 odds of winning.
If you play Mega Millions in the United States you can take large winnings either as a lump sum where you will pay between roughly 20-50% in State and federal taxes or in instalments where the amount of taxation is significantly less. If you bet online generally you must accept all big pay outs in instalments but will not pay any taxes if you bet from within the UK and are a UK resident.
43 states within the USA now take part in Mega Millions including: Arizona, Arkansas, California, Connecticut, Colorado, Delaware, Florida, Georgia, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Missouri, Montana, Nebraska, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Vermont, Virginia, Washington and West Virginia well as the District of Columbia and the US Virgin Islands.
Alabama, Alaska, Hawaii, Mississippi, Nevada and Utah all do not take part in Mega Millions. Puerto Rico has its own lottery and does not seem likely to join Mega Millions any time soon.
The Megaplier is a special Mega Millions feature, first developed by the Texas state lottery, which has become extremely popular with lotto players across the United States. A play on words, the Megaplier multiplies the lottery winnings of players by 2x, 3x, 4x or 5x depending on which Megaplier number is randomly drawn. With Mega Millions the Megaplier is weighted in favour of multiplying 4x or 5x. The Megaplier costs an extra £1.00 to play and multiplies all winnings apart from the jackpot.
There are several websites which let residents of the UK bet on Mega Millions results. However there are also a number of unlicensed websites and affiliate marketing sites which you will want to avoid. The best Mega Millions betting website which we've found is Lottoland UK which is fully licensed and has a wide array of options and special ways to bet on American lotteries.
Mega Millions draws take place on Tuesday and Friday evening in Atlanta, Georgia. Because of the difference in time zones the Mega Million draw takes place in the United Kingdom at 2am early on Wednesday and Saturday mornings.
The largest Mega Millions jackpot prize and also the 2nd largest lottery win of all time occurred in 2012 and paid out an enormous $656,000,000 (about £405,000,000). There were 3 winning tickets bought in Illinois, Kansas and Maryland which shared the prize equally among the lucky lotto players.
However the biggest individual payout occurred on March 25th, 2011 when a single Mega Millions player from Albany, New York won the entire $319,000,000 (roughly £197,000,000) jackpot all to themselves. Also of note, on January 4th, 2011 one lucky player from Idaho and one from Washington State shared a $380,000,000 (roughly £235,000,000) prize between them, the third largest lotto jackpot in history.
When there is one or more player who correctly guesses the winning numbers they will share the prize equally amongst themselves. Each player can choose to either receive their portion in a lump sum or in instalments if you play within the United States. If you bet online from the UK you will be paid in instalments.
If you are playing in the United States the time which you have to claim your prize varies from state to state, ranging from 180 days up until 1 year after the draw date. If you are betting online from the UK winnings will be automatically deposited into your account once they have been verified.
Under Mega Millions rules there can only be one winner per ticket. Legally speaking, the person who has the winning lottery ticket in their possession will generally be given proprietary rights over the purchaser of the ticket as long as it was not stolen. You can however create a separate lottery syndicate agreement with friends, family, colleagues etc. which is a simple legally binding document stating how any lottery winnings are to be shared, despite there only being one official winner.
One of the real dangers with buying any sort of lottery tickets offline is essentially they are treated as money. If you lose a Mega Millions lottery ticket then the person who finds it will usually be legally entitled to any winnings, despite the fact you may have bought it, unless of course it was stolen or taken by fraud or other illegal means. One way which you can help safeguard yourself from this type of catastrophe is to sign the back of your tickets and always keeping your receipt.
Even better, by betting on Mega Millions online you remove any doubt about who a win belongs to since they cannot be lost and you don't have to worry about forgetting to claim your winnings as they will automatically be deposited into your account. For these reasons, as well as the added convenience, many people are choosing to bet online these days as opposed to going to traditional spots like news agents, corner shops and supermarkets.
The right to keep a Mega Millions win anonymous from the public eye varies from state to state based on their own specific public disclosure laws. However if you bet on MegaMillions online from the UK whether or not you go public with your win is entirely up to you.
You may also have heard of Powerball, another massive multi-state American lottery and Mega Millions biggest competitor. Although the two lottos are extremely similar in their format and popular appeal there are some significant differences you should know about. Please see see here for more detailed information.