Mega Millions Payout Option

Mega Millions is American lottery game which is played and offered in 44 states.   When someone who reside in America wants to play any lottery game Mega Millions should be the options such player needs to choose.

There are many American lottery game but Mega Millions is too exceptionally .  Mega Millions winners are paid base on the option decided.  For those who finds it hard to know how the lottery game pay players ,  from here you will be able to know how winners can be paid.    All you have to do is read up the following to get the full gist.

From this page players are meant to know that drawing for the game holds at 11 p.m Eastern Time and Friday evenings .  One good thing about it is  they holds drawing even on holidays unlike some other America lottery game companies .

These game is played in American and it operates in all 44 states of American.  Anyone who loves lottery game  and resides in America should not worry about joining them because such person can get it from any location he or she is.

Its United States multi jurisdictional lottery game ,  meaning prize claim parameter varys from state to state.   All states are not the same.   And the first drawing for it was in the 2002 and it was in six states but now 44 states in USA.

To play the game is very easy for any interested person.   Mega Millions pays their winners base on how player wants.  Please do yourself good play and see their  payout options once you are a game lover.

Mega Millions Payout Options

One good thing about the game is players are being paid on how the person wants it .  When a player wins  a Mega Millions Jackpot,  such person is to choose how to be paid.  Mega Millions describes the options: “Annuity option .

Cash options Or Annual Options.  Mind you any player that prize claim parameter vary from  area to area.   For more information on this contact your Mega Millions Lottery for more information.

Difference Between Cash Value And Annual

Like we said earlier players are paid base on how they wants.  The two options you will see is cash options or annual payout .   When the jackpot is $200 million , each payment is twice as big. When the jackpot is $50 million, each payment is half as big, etc.

Annuity option: The Mega Millions annuity is paid out as one immediate payment followed by 29 annual payments. Each payment is 5% bigger than the previous one that was paid. This helps protect winners’ lifestyle either from fraudster or second part.

Purchasing power in periods of inflation.   Here is pure meaning of annual option in Mega Millions Lottery Game.   In Annual payment typical jackpot of $100 million, the initial payment would be around $1.5 million, but future annual payments would grow from the old amount to reach around  $6.2 million.

That is how annual options for payment works.

Mind all players , whenever jackpot is $200 million, each payment is twice as big more than  , but When  jackpot is around $50 million , each payment is half as big.  To cut it short for you.

Cash option: For cash options it means  a one-time , lump-sum payment which is equal to cash in the Mega Millions jackpot prize pool. This is only two options players will see when they wants to go for payout  options in the game.

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