Winning Numbers Saturday 03/06/2021
- Megabucks Slot Machine Odds
- What Are The Chances Of Winning Megabucks
- Megabucks Odds Wisconsin Vs
- Megabucks Odds Of Winning
- Megabucks Odds
- Oregon Megabucks Odds
Oregon’s Game Megabucks has some of the most favorable big prize Jackpot game odds in the world. The jackpot always resets to $1 Million after someone wins and grows steadily each week. A staple for more than 30 years, Megabucks really is Oregon’s Game.
- I have seen this calculation on the odds of hitting the jackpot on Megabucks. Is the RNG programmed where each stop has an equal chance of being hit? If the RNG is programmed to land on certain stops more or less frequently, than that estimate ( (1/368)^3 = 1 in 49,836,032) is out the window.
- The game’s jackpot symbol is a golden “Megabucks Eagle” which depicts the slot’s distinctive logo. The only thing is, landing even one of these crucial symbols along the payline requires the player to beat odds of 1 in 368. Knowing this, the odds against spiking all three at once come to an astronomical 1 in 49,836,032 – or (1/368) 3.
- Massachusetts (MA) Megabucks Doubler offers the state's biggest single-state jackpots, find results and winning numbers here.
Next estimated jackpot is $2,100,000
Tri-State Megabucks PlusSM has Big Jackpots and Great Odds!
- Jackpots start at $1,000,000!
- $30,000 second prize!
- Great overall odds of winning!
- Drawings every Wednesday and Saturday
Subscriptions
Don't miss a single drawing! Just choose your 5 lucky numbers and one Megaball number or choose Easy Pick and let the Lottery computer pick your numbers for you. With a subscription, you are guaranteed to be a part of every single drawing! For more information, please visit the subscriptions page of our website.
Ticket Sales and Draw Time
Megabucks Plus tickets can be purchased daily. The cut off time for ticket sales is 7:50 PM ET on the day of the draw. Drawings are held every Wednesday and Saturday at 7:59 PM ET. You can watch the Megabucks Plus drawings every Wednesday and Saturday by visiting the Tri-State Lotto Commission official drawing webcast.
How to Win!
Match your numbers to those drawn by the Lottery to win cash prizes! Win by having any one of these nine combinations.
| Match | Prize | Odds |
|---|---|---|
| Jackpot | 1:4,496,388 | |
| $30,000 | 1:899,277.6 | |
| $1,300 | 1:24,979.9 | |
| $150 | 1:4,996 | |
| $25 | 1:713.7 | |
| $7 | 1:142.7 | |
| $5 | 1:63 | |
| $2 | 1:12.6 | |
| $2 | 1:15.3 |
- Overall odds of winning a prize are 1 in 5.9.
- Prize amounts based on a $2 play.
- If there are multiple jackpot winners for a drawing, the Jackpot prize will be divided equally among jackpot winners.
- The Jackpot can be paid in a 30-year annuity for the approximate advertised jackpot amount (30 payments over 29 years) or in a one-lump-sum cash payment. Winners have 60 days from filing a claim to elect the CASH or ANNUITY option.
Disclaimer:
The information contained on this page is for informational purposes only. All information is entered manually and is subject to error. The Maine State Lottery makes every effort to ensure the accuracy of this information but is not responsible for any errors contained on this page. In case of a discrepancy between the winning numbers listed on this page and the official winning numbers, the official results shall prevail. A winning ticket must be validated on the Maine State Lottery's gaming system for final winner verification. Complete Megabucks Plus game information and prize claiming instructions are available from any Maine State Lottery retail agent or by email at MaineLottery@Maine.gov.
Great page!
Administrator
I for one like it. I was wondering what formula you used for the annuity? I had to learn that back in Finance 101 and am just curious if the 'pros' use the same formulas or something more complex.
The formula is V = P * [(1-(1/(1+i)^n)]/i, where
V = value of annuity
P = individual payment amount
i = interest rate
n = number of payments
If you're doing a monthly annuity, which we're not here, remember to divide the interest rate by 12.
Let's say the jackpot was 15M. Using i = 4.66%, and n=25, the fair payment to keep up with inflation would be $1,028,311. You would actually get 15M/25 = $600,000. Actual payment/fair payment = 58.35%.
You can see I didn't even fuss with the state tax issue.
It can get more, or perhaps less, complicated if a foreign national wins a jackpot, right?
I wonder how hard it is to set up an account in a tax heaven in the caribbean....
Administrator
Link here
History of Megabucks Jackpots
(Latest first)
| Date | Place | Amount won |
|---|---|---|
| 02/21/10 | Reno Airport, Reno, NV | $ 10,422,754.08 |
| 12/28/09 | Bellagio's Resort & Casino, Las Vegas | $ 12,262,968.60 |
| 07/29/09 | Casino Royale, Las Vegas | $ 12,236,709.00 |
| 04/12/09 | Terrible's Rail City Casino, Sparks, NV | $ 33,000,563.00 |
| 05/07/08 | The Palms | $ 21,030,657.77 |
| 05/19/07 | Fremont | $ 10,762,066.40 |
| 02/05/07 | Orleans | $ 12,076,530.00 |
| 09/02/06 | Wynn Las Vegas | $ 10,828,990.00 |
| 07/28/06 | Wynn Las Vegas | $ 12,317,717.96 |
| 06/05/06 | Cannery | $ 20,519,025.00 |
| 10/16/05 | Aladdin | $ 11,909,745.00 |
| 10/16/05 | Cannery | $ 21,147,947.00 |
Using the statewide revenue from non restricted sites, from February 2007 to February 2010, I get the following data (in thousands)
Total amount wagered: $1,893,366 = 100%
Total Won: $1,582,459 = 83.586%
Jackpots: $ 89,293 = 4.72%
Reseeds: $ 60,000 = 3.17%
So, for me, your table would look like the following:
Fixed Wins: 83.58
Meter Reset: 3.17
Progressive: 1.55
Profit: 11.70
Since your data set is greater than mine, I would agree with your figures except I think the fixed wins are higher because gaming shows an average monthly profit when there is no jackpot of 12.87%.
On the other hand, in months when there is a win, the profit does not go down by the jackpot value given out for the month, meaning that there is some weird formula being used to accrue the payout, but the profit does go down in months when jackpots are won, just not be the corresponding amount...
I see your point. My first post in this thread questioned why the Gaming reports didn't seem to jive with the posted list of jackpots. I decided to use the Gaming data as little as possible, relying only on the percentage return. For one thing, who knows how they are calculating the win. Do they count the entire jackpot amount in the year it was paid, or only the payments made on all jackpots in that year? I sent a letter to Nevada Gaming about it, but their answer didn't help much.
I'm almost ready to announce my new page on Megabucks on my 'Odds' site. However, I'd be interested in any initial comments or questions on it. Just click on the link above to see a rough draft.
I like the info, but do you think you should add as a credit at the bottom: Photography by the guy who destroyed me in liars poker last weekend?
When the jackpot is funded:
DR Slot Revenue 10,000,000
CR Slot Liability 10,000,000
As the game is played (for each $3)
DR Cash .45
CR Slot Revenue -.40
CR Slot Liiability -.05
When the jackpot is won
Megabucks Slot Machine Odds
CR Cash Jackpot
DR Slot Liability JackpotSo I don't think that the slot revenue is hit when the jackpot hits. But that's on an aggregate, Nevada wide.
My actual feeling is that different casinos probably account differently based on the expected return, depending on how their auditors feel.
For example, some casinos might elect to fund the liability over time rather than take the full 10 million hit when the jackpot is seeded. Maybe with an expectation that 2.3 jackpots are to be won every year they fund the liability that way. My general feeling is that because the revenue dips when the jackpot is won (or just after), there is some accounting that we don't see.
Administrator
I like the info, but do you think you should add as a credit at the bottom: Photography by the guy who destroyed me in liars poker last weekend?
How about, 'Photography by the guy who chopped off my foot'?
I don't know the answer to those questions based on the data either. For example, when the jackpot is won close to the end of the month, it seems that the revenue dips the following month. Let me put on my accountant hat.
As I mentioned earlier, I wrote to Nevada Gaming about it. Here is a scan of their reply.
It says the win amount 'reflects the amount won and paid in that month.' The way I would think of it is if I won $15M, and got paid $600K for my first payment, then the amount won is 15M, and the amount paid is 600K for the year the jackpot was won. So I'm not sure what to make of the reply. Any thoughts?
I guess i should stop putting in my daily $20 into the machine when I visit Vegas...
Administrator
What Are The Chances Of Winning Megabucks
I think I am starting to understand. When the winner wins, they have a choice to get paid over 25 years or receive the annuity, and the jackpot resets to 10,000,000.The actual win on the meter is not what is paid, and it is not financially reported as such. If it was, you would see the win on the revenue reports for Megabucks dip much more than it actually does in a win month. What is paid initially is the initial 1/25th of the total amount (less taxes of course). Winners then have 60 to 90 days to decide whether they want to get paid a lump sum of 60% of the remainder or have it paid in an annuity over the remaining 24 years. In the case of the lump sum, the win would be reduced by the payout. In the case of the annuity, what is paid is the present value of the annuity (Mike, you know all about this).