Mega Millions is a US multi-jurisdictional
$1 lottery game. Since it replaced The Big Game in May 2002, Mega Millions' advertised
jackpots have started at $12 million, paid in 26 yearly installments, increasing when there is no jackpot winner.
Reflecting common practice among American
lotteries, the jackpot is advertised as a
nominal value of annual installments. A cash value option, when chosen by a jackpot winner, pays the approximate
present value of the installments. Mega Millions currently uses a 5/56 + 1/46 double matrix to select its winning numbers. Each
game costs players $1; in most of the 42 Mega Millions jurisdictions, players may opt to pay an extra $1 per game to multiply their non-jackpot prizes by 2, 3, or 4 with the Megaplier. Mega Millions is drawn at 11pm Eastern time Tuesdays and Fridays, including holidays. The drawings usually are held in Atlanta, Georgia.
Mega Millions' second largest annuity jackpot, and largest cash jackpot, was for the January 4, 2011 drawing; two tickets, one each from
Post Falls, Idaho, and
Ephrata, Washington, matched all six winning numbers, winning $190 million each. The holders of each ticket chose the cash option.
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