On Tuesday and Friday nights, the Mega Millions live drawings take place during the 11 p.m. news on your official New York Lottery TV drawing station. Tune in to live drawings on your local New York Lottery drawing station. Click here to find the TV station in your area and other ways to find out if you've won!
For each Mega Millions draw, 50% of the sales for the draw is allowed as prize money. The First Prize is allocated 63% of this amount. The remaining prize monies are then used to pay out the additional eight prize levels.
For the starting jackpot we guarantee a prize amount that includes annuity interest (the money it will earn over the prize payment period). Subsequent jackpot amounts are based upon expected sales plus the First Prize money carried over from the previous draw until the jackpot is won. As the jackpot grows, so does Mega Millions fever!
There are two Mega Millions Jackpot Prize Payment Options. You can receive your prize in 26 annual payments or you can receive the prize in a lump sum cash payment. See the How to Play Mega Millions section for more details. Jackpot winners who select the Lump Sum Cash Value option will receive the estimated present cash value of the advertised amount. This amount will be less than the advertised jackpot. |