It’s crazy but everybody wants to bet on Megamillions these days. Betting on the outcomes of the world’s biggest lotteries is fun and affordable. For your chance to bet on the Megamillions jackpot and potentially win a huge tax-free cash sum, read on…
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America’s favorite lottery draw
With a record jackpot of $656 million, public interest in USA Megamillions is at an all-time high. Played twice a week, each draw offers lottery players the chance to win a jackpot running into tens of millions of dollars.
The first mega millions drawing took place in 2002. Since then, hundreds of lucky people have managed to hit the winning numbers and scoop massive jackpots. Prizes always start at $40 million and can reach hundreds of millions of dollars.
How to pick your winning numbers
USA Megamillions is one of the richest lottery games in the world with a record jackpot of $656 million. This is why this incredible American lottery never fails to get lotto lovers excited. To play the Megamillions you must select six numbers from the following configuration…
The draw takes place every Tuesday and Friday at 10:59 P.M. Eastern Time USA.
The additional numbers are the golden Mega-balls and function similarly to the Powerball. Generally, the seed amount for the Megamillions is $40 million, however, this may depend on sales. As Megamillions is one of the world’s biggest lottery jackpots though, sales of tickets are not usually a problem.
In total there are nine ways to win a prize in Mega Millions, ranging all the way from the mega jackpot down to just $2. The overall chance of winning any prize in the Megamillions is 1 in 24.
How to bet on Megamillions
Betting on the Megamillions (or any other lottery) is unique, in that you do not buy a physical ticket, as you would from your local grocery store. Instead, you bet on the outcome of the Megamillions lottery with an online betting operator such as Lottoland.
What this means is that by placing a bet on a given set of numbers (five numbers plus the golden ball) should those numbers win the Megamillions you would be paid out a massive lottery jackpot in exactly the same way as winning the lottery itself.
Your Megamillions lottery bets are insured
This is done by means of insurance. Lottery betting sites take out huge insurance policies against a certain set of numbers coming up in the draw. Because the odds are so high and the premiums so expensive, the payouts are frequently huge. Often the payouts are just as big as the actual lottery jackpot itself. Don’t forget that if Megamillions is not won for several weeks then the jackpot prize keeps going up and up. Exactly the same thing happens with your lottery bets. The longer the jackpot takes to win the more money will be in the pot.
It is important to note that the size of the bet on lottery jackpots is NOT determined by the number of ticket sales. Rather the payouts are made according to the odds of any set of numbers being drawn. This can mean that a jackpot won via an online lottery bet at Lottoland or Lottogo or Betfred may even be higher than the actual winning lottery prize itself.
Megamillions betting in the UK
Lotto fans in the UK will be pleased to learn that it is possible to wager on the outcome of the mega millions jackpot. Simply by using an online lottery betting site such as Lottoland, Lottogo or Jackpot.com UK lotto players can place bets using their favorite mega millions numbers.
The beauty of this form of online lottery is that you do not need to be a resident of the USA in order to take part. In fact, you can get involved in the Megamillions (or any of the world’s biggest lottery jackpots) from anywhere in the world and be in with a chance of winning amazing cash prizes.
Register your Megamillions betting account
Now that you know how to win mega millions and you are ready to place a bet, there are a couple of things that you need to do. The first thing you should do is register your Megamillions betting account.
That’s it! You are now all set up with a lottery betting account and are free to take part in your first mega millions game. To do this you should enter your chosen numbers on your betting slip. Now, sit back relax, cross your fingers, and hope that you win mega millions!
Odds of winning the Megamillions
* In California, all prizes are pari-mutuel, meaning payouts are based on sales and the number of winners. All other Megamillions states set the 2nd through 9th prizes at pre-determined amounts.
Just the jackpot (USA only)
For those that are feeling ‘really lucky,’ the Megamillions lottery offers players the chance to only bet on the megamillions jackpot. Although this may not be available online, for a cost of just $3 (price in USA only) players can get two entries to play only for the Megamillions jackpot. This means that they are not eligible for any other prizes in that particular lottery.
Essentially this is an opportunity to buy a discounted lottery ticket and is frequently purchased when the lottery jackpot prize reaches an astronomical amount.
The Megamillions Megaplier
Give your lottery chances a boost by entering the Megamillions Megaplier. Most US states offer players, for an additional dollar, a chance to take part in the Megaplier. Just before the Megamillions lottery draws on Tuesday and Friday evenings, the Megaplier is drawn. An extra 15 balls are used, five are marked with 2X, six with 3X, three with 4X, and one with 5X. Depending on which ball is drawn, players who take part in the Megamillions Megaplier will have their prizes increased accordingly.
When you win the Megamillions
Should you be lucky enough to join the growing list of mega millions winners here are your options…
Where and how to bet on Megamillions
Betting on the world’s biggest lotteries is quite different from buying a ticket from a ticket agent. Lottery bets are classed as gambling, and as such lottery betting sites require a gambling license. In the UK this is issued by the UK Gambling Commission, although it could be issued by the Malta Gaming Authority or by the government of Curacao.
Before placing a bet with any online lottery operator always check to make sure that it is fully licensed. You can do this by looking for the license issuer’s logo at the foot of the homepage. Clicking on this link should take you directly to the operator’s gaming license.
Frequently Asked Questions
There are always a lot of questions regarding lotto bets. We have listed answers to many of the most common ones below. This should be all you need to know about betting on the Megamillions.
How much does it cost to bet on the Megamillions lottery?
Here at Ken Slots, we recommend a number of legitimate online lotto operators. Each of them has different sign-up bonuses available to first-time depositors. For example, you could get a FREE Megamillions entry with Lottoland. Simply choose the welcome bonus you consider to be the most attractive and pay a nominal amount to bet on Megamillions.
What are the best numbers to pick for Mega Millions?
So far to date, the Megamillions numbers that have appeared the most are 31, 17, 4, 20, and 10. The most frequently drawn Mega Ball is 10. The least commonly drawn numbers in recent years have been: 51, 49, 35, 55, and 5.
How many numbers do you need to win Mega Millions?
In order to win the jackpot and land yourself an enormous mega millions payout you need to match five numbers plus the golden ball.
What should I do if I win Megamillions?
After phoning your family and friends you should get in touch with an IFA (independent financial advisor) and decide whether a lump-sum payment or an annuity is right for you. Finally, you need to sit down with your wife or husband and think about how to spend your lottery winnings.
How much do you win with 3 numbers on Mega Millions?
Matching three numbers in the mega millions drawing tonight would get you $10 at odds of 606:1.
Where can I get the latest Megamillions lottery results?
You can see the results for the most recent Megamillions lottery draw in your online lotto players account. You may also visit our lottery results page for all the latest lottery results from around the world.
When and where are the Megamillions lottery draws held?
The Megamillions draw is held each Tuesday and Friday at 11:00 p.m. Eastern Time, 10:00 p.m. Central Time, 9:00 p.m. Mountain Time, and 8:00 p.m. Pacific Time. Drawings are held at WSB-TV in Atlanta, Georgia.
Will my Megamillions lottery winnings be taxed?
Sadly, yes. All lottery prizes are subject to US income taxes. For more information on how much tax you may be required to pay you should check with a lawyer that specializes in tax in your country and also consult with an IFA.
Can I remain anonymous in the event of a big Megamillions lottery win?
Public disclosure laws in the USA vary from state to state. Some states require their lotteries to publicly identify winners, while others do not. Check with the lottery ticket agent from whom you purchased the ticket.
