This procedure shall continue down through all Set Prize levels, if necessary, until all Set Prize levels become pari-mutuel prize levels. See Prize Payment Section 2 for more information. Such change shall be announced by the Lottery prior to the drawing to which the change applies. All prize winning tickets sold by the California Lottery are paid on a pari-mutuel basis.
If the annuitized Jackpot Prize divided by the number of winning plays is equal to or greater than one 1 million dollars, each Jackpot Prize winner will be paid in thirty 30 installments unless the Prize winner selects the Cash Option method of payment. If the annuitized Jackpot Prize divided by the number of Winning Plays is less than one 1 million dollars each Jackpot Prize winner shall be paid an amount divided equally by the number of Jackpot Prize winners. Each such Jackpot Prize winner will be paid in a single cash payment.
If the Cash Option is selected, no cash payment will be processed until the Claimant makes an election by submitting a signed, notarized form irrevocably selecting the Cash Option method of payment. Initial and Annual Annuitized Payments: All annuitized prizes shall be paid in graduated annual payments, with the initial payment being made in cash.
Starting in , the Megaplier feature become part of the lottery's offer in other states. The current system defining the Megaplier and the prize levels was set on 18 October The only location where there is no Megaplier option is California.
Unlike other states, California pays Mega Millions prize levels two through nine according to a pari-mutuel distribution of the Mega Millions prize pool aggregated in California for those prize levels.
The reason for this alternate prize distribution system is California's penal code, which distinguishes between a "lottery" which cannot be broken and a "banked game" whose bank theoretically could be broken. California authorized only a "lottery" in its Lottery Act, passed in As a result of this difference, Californian winners of non-jackpot prizes receive different prize amounts than equivalent winners in other states.
The Megaplier does not affect the odds of winning the Mega Millions jackpot or of any of the secondary prizes. Instead, the Megaplier affects the size of the non-jackpot prizes awarded in a draw. The Megaplier can multiply those prizes by a factor of two, three, four, or five.
The Megaplier is selected before the regular Mega Millions draw from a separate pool of fifteen balls. The cash option is a one-time, lump-sum payment that is equal to all the cash in the Mega Millions jackpot prize pool. For more information, visit megamillions. Facebook Twitter Email. Sarah Brookbank Cincinnati Enquirer. Share your feedback to help improve our site!
Tickets may be purchased until p. Tickets purchased after that time will be for the next drawing. See chart below for all Megaplier prize payouts. Match all five numbers plus the Mega Ball to win the jackpot or match any of the non-jackpot-winning combinations to win other great cash prizes! The jackpot will be paid in 30 graduated annual payments or a one-time cash payment of a reduced amount.
Read more about claiming Lottery prizes.
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