The Mega Millions is quite famous thanks to its record jackpot of $160.2 Crore! But, there are also 8 other prizes up for grabs. Check out the table to find out how many numbers you must match to pocket one of the Mega Millions prizes!
Mega Millions Prizes Overview
The Mega Millions lottery is one of the biggest lotto games in the world. It starts with a jackpot of $200 Lakh and has no maximum cap. This is how it reached $160.2 Crore in the past. Every time the jackpot isn’t won, it will roll over. This feature is not found in many lotteries across the globe, making the Mega Millions a highly sought after game.
Mega Millions Jackpot
| Mega Millions prize | |
|---|---|
| Balls matching | ⚪⚪⚪⚪⚪ + 🟢 |
| Minimum amount | $200 Lakh |
| Maximum amount | Unlimited |
| Record Amount | $160.2 Crore! |
Mega Millions Secondary Prizes
The Mega Millions offers an amazing jackpot that starts at $200 lakh but there are 8 secondary prizes you can win by guessing as little as 2 numbers.
The smallest prize will bring you $2 (that can be multiplied by up to 5 times if you selected the Megaplier during the purchase of you ticket).
Mega Millions Record Jackpot
On August 8, 2023, the Mega Millions had reached $160.2 Crore when it was won by an anonymous winner from Florida. This is the largest jackpot ever offered by the Mega Millions to date, but also one of the largest jackpots ever scooped in the world!
All Mega Millions Prizes
Overall, there are 9 Mega Millions prizes you can win by guessing some of the numbers up to all the numbers during each draw:
- 1 jackpot – the 1st prize of the Mega Millions: it has an established minimum amount of $200 Lakh and no maximum cap. This means it can grow indefinitely if not won.
- 8 secondary prizes – they range from $2 to $10 Lakh. Few lotteries worldwide offer such prizes! Moreover, each of these prizes can be multiplied by 2, 3, 4 or 5 if you selected the Megaplier on your ticket.
| Prize Division | Match | Prize |
|---|---|---|
| 1st Prize | ⚪⚪⚪⚪⚪ + 🟢 | Jackpot |
| 2nd Prize | ⚪⚪⚪⚪⚪ | $10 Lakh |
| 3rd Prize | ⚪⚪⚪⚪ + 🟢 | $10,000 |
| 4th Prize | ⚪⚪⚪⚪ | $500 |
| 5th Prize | ⚪⚪⚪⚪ | $200 |
| 6th Prize | ⚪⚪⚪ | $10 |
| 7th Prize | ⚪⚪ + 🟢 | $10 |
| 8th Prize | ⚪ + 🟢 | $4 |
| 9th Prize | 🟢 | $2 |
Odds of Winning Mega Millions Prizes
When you participate to the Mega Millions, odds are more in your favor to win a secondary prize. Overall, you have a chance in 24 to win a prize. For instance, you have a chance in 36 to win the last Mega Millions prize.
To win Mega Millions first prize, you have a chance in 30,25,75,350. These odds may seem impossible to achieve, but there are many Mega Millions winners to attest that Mega Millions prize can be won!
Here are all the odds for each Mega Millions prize:
| Prize Division | Prize | Odds |
|---|---|---|
| 1st Prize | Jackpot | 1 : 30,25,75,350 |
| 2nd Prize | $10,00,000 | 1 : 1,26,07,306 |
| 3rd Prize | $10,000 | 1 : 9,31,001 |
| 4th Prize | $500 | 1 : 38,792 |
| 5th Prize | $200 | 1 : 14,547 |
| 6th Prize | $10 | 1 : 693 |
| 7th Prize | $10 | 1 : 606 |
| 8th Prize | $4 | 1 : 89 |
| 9th Prize | $2 | 1 : 36 |
How to Claim Your Mega Millions Prize?
There are 2 options available for claiming a Mega Millions jackpot:
Cash Option
This lump-sum payment is a favorite among players as they get a single amount in once.
Annuity Option
Mega Millions jackpot can be paid out in thirty installments across a period of twenty-nine years, making the annuity payment an incredible option.
* Each annual payment increases by 5%.
The jackpot annuity and cash value advertised are estimates until the sale of tickets is completed and the amount is officially anounced.
Which Mega Millions Prizes are Boosted With the Megaplier?
If you guess the five main numbers in the Mega Millions lottery without the Mega Ball, you can still win tens of Crore, courtesy of the Mega Millions second prize.
If you selected the Megaplier option on your lottery ticket, the prize could potentially be multiplied by 2, 3, 4 or 5 times.
Here’s how Mega Millions prizes can increase with the Megaplier:
| Prize | Megaplier x2 | Megaplier x5 |
|---|---|---|
| Jackpot | Jackpot | Jackpot |
| $10 Crore | $20 Crore | $50 Crore |
| USD 10,000 | USD 20,000 | USD 50,000 |
| USD 500 | USD 1,000 | USD 2,500 |
| USD 200 | USD 400 | USD 1,000 |
| USD 10 | USD 20 | USD 50 |
| USD 10 | USD 20 | USD 50 |
| USD 4 | USD 8 | USD 20 |
| USD 2 | USD 4 | USD 10 |
It is important to remember that the jackpot of the Mega Millions is NOT influenced by the Megaplier.
Are Mega Millions Prizes Subject to Tax?
Yes, Mega Millions prizes are not exempt from taxes. A US federal tax needs to be paid, as well as a state rate on Mega Millions prizes over $600.
How do I Claim My Mega Millions Prize After Winning Online?
When you chose LottoSmile as your lottery courier, a team will help you with the claiming process if you win a Mega Millions jackpot.
Even more, when you win a smaller Mega Millions prize, it is automatically transferred to your account!
Also, you will get the full amount of your winnings since LottoSmile does not take any commission on players’ winnings!
Mega Millions Prizes FAQ
The Mega Millions lottery offers 9 prizes overall:
– the jackpot, which has a minimum amount of $200 Lakh and no maximum cap.
– 8 secondary prizes that vary between $2 and $10 Lakh. These secondary prizes will be automatically multiplied by 2, 3, 4 or 5 if you selected the Megaplier on your ticket.
You can win a Mega Millions prize by guessing only the Mega Ball number.
The amount of time one you have to claim your Mega Millions prize can vary depending on the laws of the location where the winning ticket was purchased. You have between 90 days to a year since the draw date to claim your winnings, so it is best to contact the lottery in the state your ticket was purchased from to determine the applicable claim period for that specific ticket.