What Happens If You Win the Mega Millions Jackpot?

Written by San Joyce | 12-06-2022 Image Credit : Google/Social Media

Mega Millions Annuity option

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The previous payment is increased by 5% for each one to help preserve the winners' lifestyle and purchasing power during inflationary periods.

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The Mega Millions jackpot prize pool offers a one-time, lump-sum payment known as the cash option.

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Just the Jackpot is available in certain states, offering players an exciting new wager type specifically for the jackpot.

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Mega Millions Jackpot

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Mega Millions Jackpot Megaplier

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Mega Millions drawing

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Mega Millions drawing

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What Happens If You Win the Mega Millions Jackpot?

GigsGiveaways.com

Mega Millions Annuity option

Mega Millions offers an annuity option in which one immediate payment is made followed by 29 annual payments.

The previous payment is increased by 5% for each one to help preserve the winners' lifestyle and purchasing power during inflationary periods.

Mega Millions Jackpot

The Mega Millions jackpot prize pool offers a one-time, lump-sum payment known as the cash option.

Mega Millions Cash option

Just the Jackpot is available in certain states, offering players an exciting new wager type specifically for the jackpot.

Just the Jackpot

Mega Millions Jackpot

For a price of $3, players will receive two plays for the jackpot only, with no eligibility for other prize levels.

Mega Millions Jackpot Megaplier

Most states offer players the opportunity to increase non-jackpot prizes by 2, 3, 4 or 5 times with the Megaplier feature, an additional cost of $1 per play.

Mega Millions drawing

Before each Mega Millions drawing on Tuesday and Friday nights, the Megaplier is drawn by the lottery officials.

Mega Millions drawing

Fifteen candidates are marked with 2X, 3X, 4X, and 5X respectively; five were marked with 2X, six with 3X, three with 4X and one with 5X.

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