To win the Megabucks Jackpot, you need to match all 5 main balls and the Megaball drawn. The odds of winning the Jackpot in Megabucks is 1 in 4,496,388. Lottery results for the Oregon (OR) Oregon's Game Megabucks and winning numbers for the last 10 draws. Megabucks offers a chance to win NOW and LATER for an additional $1! When EZ Match is selected, five EZ Match numbers and instant prize amounts will print below the Megabucks numbers on the ticket. WIN NOW by matching any EZ Match number to any Megabucks number on the ticket (not the numbers in the drawing) to win the corresponding prize amount. Please sign your ticket immediately to show ownership. Cancellations are allowed in Tri-State Megabucks®. You may purchase a Tri-State Megabucks® ticket until 7:50 p.m. (ET) on the evening of the draw. The winning number results will be posted on our website and at all 1,400-plus retail locations shortly after the drawing. Some Megabucks lottery enthusiasts even post magazines and prepare boards for dialogue on how to win the game. I additionally propose in addition inside the literature at the concern, there are many books of mathematical models that specify a way to win the lottery.
- Appendices
- Slots Analysis
- Miscellaneous
Introduction
This page investigates the odds of the progressive jackpot slot machine, Megabucks, including the average jackpot and breakeven point. Divinity original sin 2 spell list.
For now, let's ignore the fact that a jackpot is paid by installments over 25 years and that the jackpot would be subject to income tax.
I don't know exactly how Megabucks is programmed. However, there is some information that is public knowledge. If we fit the pieces together, we can make a pretty good estimate of the point at which the return is 100%, known as the 'breakeven point.' Here is what we do know:
- According to John Robison, the probability of hitting the jackpot is 1 in 49,836,032. This figure comes from an article titled Megabucks closes in on record jackpot from the Las Vegas Sun, Dec. 24, 1999. That probability comes to (1/368)3, implying each reel has a 1 in 368 chance of stopping on the jackpot symbol.
- The Nevada Gaming Control Board indicates that the profit of Megabucks on both a percentage and dollar basis. The following is a summary for 1994 to 2009.
Megabucks Win — 1994 to 2009
Year Win ($) Win (%) 2009 53,352,000 10.43% 2008 83,981,000 11.85% 2007 88,858,000 12.72% 2006 100,923,000 12.39% 2005 100,923,000 12.39% 2004 67,326,000 10.54% 2003 83,069,000 10.41% 2002 76,842,000 11.98% 2001 69,821,000 11.50% 2000 69,103,000 9.75% 1999 74,921,000 12.28% 1998 134,943,000 12.25% 1997 66,166,000 12.18% 1996 57,619,000 10.03% 1995 65,223,000 10.48% 1994 46,760,000 9.44% total 1,239,830,000 11.39% The key piece of information from this table is that the overall profit of the game has been 11.39%. In other words, 88.61% is returned to the players.
- According to defunct source, starting in September 2005, Megabucks was reset to a jackpot of $10 million. Before that, the reset value was $7 million.
- According to a2zlasvegas.com, there have been 11 jackpots hit between September 2005 and the date of the last jackpot (Feb. 21, 2010). That same website shows a jackpot was hit on September 15, 2005. The number of days between then and the time of this writing is 1,619 days. We also see from that website that the total of the last 11 jackpots was $167,367,727. Of that, $110,000,000 was from the reset amounts and $57,367,727 was from the progressive contribution.
The portion of money returned to players in form of jackpots is thus $167,367,727/$1,644,589,056 = 10.18%. From the Nevada Gaming reports, we know a total of 88.61% is returned to players. That means that the portion returned to players in non-jackpots is 88.61% - 10.18% = 78.44% (The 0.01% apparent difference is due to rounding).
If there were no small wins, and no progressive contribution, then the return of the game would be $10 million/(3×(1/368)3) = 6.69%. As already shown, the total return from jackpots is 10.18%, leaving 3.49% coming from the jackpot meter. Here is a summary of where each $1 bet on Megabucks goes:
Megabucks Breakdown
| Item | Cents |
|---|---|
| Fixed wins | 78.44¢ |
| Meter reset | 6.69¢ |
| Progressive contribution | 3.49¢ |
| Profit | 11.39¢ |
| Total | 100.00¢ |
The average point at which the jackpot will hit is 10 million + [$3 × 0.0349 / (1/368)3] = $15,215,248. In 2006, when the jackpot was almost $16 million, IGT, Megabuck's creator, purchased ads in the local media stating that the jackpot was 'overdue' to hit. I'm quoted in a Las Vegas Sun article about it, titled 'Pennies ready to pop'. This would seem to indicate my $15.2 million figure is not far off.
If j is the jackpot at which the game becomes a fair bet, with a 100% return, then we can solve for j as follows:
1 = 0.7844 + j × (1/368)3/3
j × (1/368)3/3 = 1 - 0.7844
j = 3 × (1 - 0.7844) / (1/368)3
j = $32,238,319.
The probability of any given jackpot growing this big is 1.41%. At the current rate of play, a jackpot should get this big once every 29 years, on average.
At any given time the return can be estimated as 78.44% + 0.6689%×m, where m is the number in millions of the current jackpot. For example, at a jackpot of $15 million, the return would be 78.44% + 0.006689×15 = 88.47%.
Everything in this page should be taken as a ballpark estimate. Various factors could cause it to be off, including players not betting the full $3 and the fact that while 11 jackpots were hit in the study period, the expected number could be higher or lower.
It also bears repeating that the above does not factor in the annuity or taxes. Let's look at what happens if we do consider those factors. For the time value of money, let's use the return on long-term Treasury Bills. Megabucks jackpots are paid in a 25-year annuity. At the time of this writing a 20-year T-Bill paid 4.58% interest, and a 30-year one paid 4.74%. Let's split the difference at 4.66%. Using some actuarial math I won't get into, the value of the annuity is worth 61.07% of face value, based on that interest rate, and 25 annual installments, at the beginning of each year.
For taxes, let's assume close to the expected jackpot of $15 million. Under 2010 income tax rates, assuming the winner is filing jointly, and all other income exactly equals deductions, the taxes due will be 30.05% for 2010. Assuming no change in the tax law, that will drop over time, because the tax brackets will be adjusted upward, but the winning payments won't be. I tend to think the recent passage of health care will increase tax rates, especially on large incomes. Let's just assume those factors cancel each other out, to keep it simple.
So to keep things in round numbers, the winner will keep 61% after the annuity, and 70% of that after taxes. So the jackpot winner will see about 61% × 70% = 42.7% of his winnings in current dollars. Factoring the annuity and taxes, the breakeven point becomes $75.5 million. The probability of any given jackpot growing that big is about 1 in 283,000, and will happen once every 114,000 years. Again, I'm making lots of assumptions, so these estimates should be considered very rough.
After publishing this article, a reader quoted a page at slot-machine-resource.com, which states that after the first installment is made, the player is given the option to get 60% of the rest immediately, or stick with the installment plan. Tax implications aside, which favor the annuity, the interest rate at which the two options are equal is 4.581%.
External Links
- Megabucks Closes in on Record Jackpot from the Las Vegas Sun, Dec. 24, 1999.
- Nevada Gaming Control Board
- Slots Payout percentage, from Cassaon Casino.
- History of Megabucks Jackpots, from a2zlasvegas.com.
- Pennies Ready to Pop, from the Aug. 9, 2006 Las Vegas Sun.
- Megabucks, from slot-machine-resource.com.
Written by: Michael Shackleford
- Tri-State Lottery Numbers
Just like vegas. The Tri-State Lottery is the original multi-jurisdictional lottery, offered in Maine, New Hampshire and Vermont. Five games are currently operated by the Tri-State Lottery: Megabucks Plus – Gimme 5 – Pick 3 – Pick 4 and Fast Play.
How To Win Megabucks Wisconsin
$179 Million
Latest Numbers
Get the most recent Tri-State Lottery results right here, or use the ‘Numbers' button for any game to access past winning numbers.
- 5
- 6
- 18
- 29
- 34
- 8
- 13
- 21
- 32
- 34
- 1
- 9
- 6
- 2
- 6
- 0
- 4
- 2
- 4
- 3
- 0
- 8
- 1
- 5
- 0
Games
Drawings for all Tri-State Lottery games are held in New Hampshire. Get odds and details of how to play for each lottery offered across the three states.
Megabucks Plus
Megabucks Plus (previously Tri-State Megabucks) costs just $2 per game and offers participants the chance to win some incredible sums of money. All you need to do is pick five main numbers from 1 to 41 and a Megaball number from 1 to 6.
Drawings are held every Wednesday and Saturday at 7:59 PM EST, with ticket sales closing at 7:50 PM EST. Here's a breakdown of the prizes and odds:
| Prize Tier | Prize Won | Odds of Winning |
|---|---|---|
| Match 5 + Megaball | Jackpot (starts at $1 million*) | 1 in 4,496,388 |
| Match 5 | $30,000 | 1 in 899,278 |
| Match 4 + Megaball | $1,300 | 1 in 24,980 |
| Match 4 | $150 | 1 in 4,996 |
| Match 3 + Megaball | $25 | 1 in 714 |
| Match 3 | $7 | 1 in 143 |
| Match 2 + Megaball | $5 | 1 in 63 |
| Match 2 | $2 | 1 in 13 |
| Match 1 + Megaball | $2 | 1 in 15 |
| Odds of winning any Megabucks Plus prize are 1 in 6. |
*If multiple ticket holders match all five main numbers and the Megaball then they will each receive an equal share of the jackpot.
Jackpot winners can receive their prize as a single cash amount, or in annuity installments with payouts each year.
Gimme 5
Gimme 5 is the newest member of the Tri-State Lottery and offers a top prize of $100,000 in every draw!
Drawings are held on Monday, Wednesday and Friday evenings at 7:00 PM EST. Tickets cost just $1 and must be purchased by 6:45 PM EST on the day of the draw.
To play, all you have to do is pick five numbers between 1 and 39. You can select your own or opt for a Quick Pick if you're feeling indecisive. Match all five numbers drawn to earn the jackpot. Here's a quick breakdown of the other four prize tiers:
| Prize Tier | Prize Won | Odds of Winning |
|---|---|---|
| Match 5 | $100,000* | 1 in 575,757 |
| Match 4 | $250 | 1 in 3,387 |
| Match 3 | $7 | 1 in 103 |
| Match 2 | $2 | 1 in 10 |
| The odds of winning any Gimme 5 prize are 1 in 8.8. |
*If there are multiple jackpot winners, the top prize will be equally split among them. https://bestrfile143.weebly.com/picsketch-1-2.html.
Pick 3
Drawings for Pick 3 are held twice daily, at 1:10 PM EST and 6:59 PM EST. You get to choose how much to spend, with tickets available from as little as $0.50 up to $5.00 per bet.
There are six different ways to play, so use the table below to find out what you could win:
| Wager Type | Match | Prize (for a $1 bet) | Odds of Winning |
|---|---|---|---|
| Straight | Match all 3 numbers in exact order | $500 | 1 in 1,000 |
| 3-Way Box | Match all 3 numbers in any order (2 digits must be the same e.g. 122) | $166 | 1 in 333 |
| 6-Way Box | Match all 3 numbers in any order (All 3 digits must are different e.g. 123) | $84 | 1 in 167 |
| Front Pair | Match the first 2 numbers in order | $50 | 1 in 100 |
| Back Pair | Match the last 2 numbers in order | $50 | 1 in 100 |
| Single Digit | Match one number in the correct position | $5 | 1 in 10 |
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Pick 4
Pick 4 is similar to the three number equivalent of the game, with draws also taking place at 1:10 PM EST and 6:59 PM EST each day.
You can play by placing bets between $0.50 and $5.00, with larger wagers producing the potential for larger wins. There are nine exciting ways to win in each draw:
| Wager Type | Match | Prize (for a $1 bet) | Odds of Winning |
|---|---|---|---|
| Straight | Match all 4 numbers in exact order | $5,000 | 1 in 10,000 |
| 4-Way Box | Match all 4 numbers in any order (3 digits must be the same e.g. 1222) | $1,250 | 1 in 2,500 |
| 6-Way Box | Match all 4 numbers in any order (Two pairs of identical digits e.g. 1122) | $834 | 1 in 1,667 |
| 12-Way Box | Match all 4 numbers in any order (2 digits must be the same e.g. 1123) | $416 | 1 in 883 |
| 24-Way Box | Match all 4 numbers in any order (All 4 digits are unique e.g. 1234) | $208 | 1 in 417 |
| Front Pair | Match the first 2 numbers in order | $50 | 1 in 100 |
| Back Pair | Match the last 2 numbers in order | $50 | 1 in 100 |
| Middle Pair | Match the 2nd and 3rd numbers in order | $50 | 1 in 100 |
| Single Digit | Match one number in the correct position | $5 | 1 in 10 |
Fast Play
Fast Play differs from the other Tri-State lotteries as you don't have to wait for a draw to take place, you can win instantly!
The exact games on offer can differ slightly between the three states, but they all work in the same way. Fast Play tickets work like a scratchcard, without the hassle of actually having to scratch-off the card. The winning numbers are printed above your numbers on the same ticket, if you've got a match then you can claim a prize – it's that simple.
Detailed instructions are provided on all Fast Play tickets.
Claiming a Tri-State Lottery Prizes
You've won a Tri-State Lottery prize, now what? The claims process varies depending on the value of the win and the state you played from.
$499 or less
Prizes worth $499 or less can be claimed at any lottery retailer in Maine, New Hampshire or Vermont. So simply take your ticket back to where you purchased it, or any other lottery agent in the state to claim your prize.
$500 - $599
Prizes within this range can also be claimed at any lottery retailer in Maine or New Hampshire. However, in Vermont you will need to fill in a claims form or visit a People's United Bank within the state in order to claim your prize. Claims forms are available from any authorized lottery retailer.
$600 or more
In Maine and New Hampshire, prizes worth more than $600 can either be claimed by mail or in-person at the Lottery head office. The Maine office is located in Hallowell and New Hampshire's in Concord.
Similarly, in Vermont, larger prizes can also be claimed via mail or by visiting the Vermont Lottery Commission Headquarters in Berlin. If the prize is worth less than $5,000, there is also the option to claim at any People's United Bank.
Tax
You are responsible for any applicable state or federal taxes on any prizes that you win that are worth more than $5,000. The federal government withholds 25 percent while Maine will withhold an additional five percent. Vermont will withhold six percent, but New Hampshire doesn't levy a state tax on lottery winnings.
Out of state players
If you play a Tri-State lottery whilst visiting the area and win a prize, you may need to go back to claim it or mail in the winning ticket along with a claim form.
History of the Tri-State Lottery
- 1985 - The Tri-State lottery began with the lauch of Tri-State Megabucks. Pick 3 and Pick 4 evening draws also begin later that year.
- 1990 - Tri-State Megabucks introduces a Wednesday draw as well as the Saturday draw.
- 2003 - The first Pick 3 and Pick 4 Midday draws took place in June.
- 2009 - Tri-State Megabucks rebrands as Megabucks Plus and introduces a $2 ticket price and larger prizes.
- 2013 - Gimme 5 launches with the first draw taking place on May 12th.
Since 1985, all three states have used the lottery games to help the local communities. New Hampshire dedicated 25% of lottery earnings to schools in 2016, and as of 2016, the Vermont Lottery had raised $26,410,147 for the Education Fund. Meanwhile, the Maine Lottery transferred over $18.8 million to their Outdoor Heritage Fund between 1996 and 2017 to aid conservation and wildlife projects.
Rules
If you want to play these great multi-jurisdictional games and redeem any prizes that you might win, you'll need to be at least 18 years old.
Any winnings worth more than $600 are reported to the IRS for tax purposes.
How To Win Megabucks Maine
Has someone contacted you with 'good news' about a big Tri-State Lottery win? Be careful - you may be the target of a lottery scam. Put down the phone, throw the letter away and read the scams page to learn more about protecting yourself against fraud. Lucky day legit. Voice converter software for pc.
