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MEGA MILLIONSThe first Mega Millions draw was held on 2002, then it became widely known not just in the multiple jurisdictions across the US but also worldwide. It holds the title of the lottery game who has given the highest prize money in the American history. It has given away an astounding amount of $474 million ($656 million annuity value) in March 2012 that are split in three parts because of three winning players.

MEGA MILLIONSMega Millions works by picking 5 number combinations from the main number selection’s 56 ball pools. That one extra ball, the so-called “Mega Ball” will come from a barrel that contains 46 numbered balls. There are plans to improve the traditional mechanics of the Mega Millions. The 56 ball pool will increase to 75 balls while the Mega Ball pool will be lowered down to 15. This changes is said to make drastic and positive effect to the overall odds which will drop down to 1 in 15 of winning prizes very far from the previous and current odds that is 1 in 40.

MEGA MILLIONSThe winnings of a Mega Millions is subject to applicable and federal state taxes and will be deducted automatically. The Megaplier has also undergone recent change where the multiplication factor of the prize was increased to five which was previously four.

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