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Mega Millions odds explained: From the big $750M jackpot to 8 smaller prizes

The odds of winning a Mega Millions prize range from 24 to 1 to more than 302 million to 1. MegaMillions.com

While the odds of hitting Friday’s $750 million Mega Millions jackpot are astronomical, the chances of winning a considerably more modest Mega Millions prize are not exactly good, either.

The overall odds of winning something after buying a $2 Mega Millions lottery ticket are 24 to 1.

To begin with there are two sets of Mega Millions balls. Five white balls are drawn out of a drum containing 70 balls. Then one gold Mega ball is drawn out of a second drum with 25 balls.

Players can increase their prize amounts by spending an extra $1 for the Megaplier option to wins two, three, four or on rare occasions five times as much. The Megaplier only applies to non-jackpot prizes.

The Mega Ball – $2

Let’s start with the small prizes.

The odds of your ticket matching only the gold Mega Ball is 37 to 1. On a single $2 ticket purchase, that’s a break even.

1 number plus the Meg Ball – $4

There’s a 1 in 89 chance your $2 gamble will net you $4 — a $2 profit.

2 numbers plus the Mega Ball – $10

It’s a 693 to 1 shot to buy a ticket containing two numbers and the Mega Ball but the payout is a measly $10.

Mega Millions, Powerball and NJ Lottery logo photos and people buying tickets. Monday October, 22, 2018 NJ Advance Media for NJ.com NJ Advance Media for NJ.com

3 numbers – still $10

If your ticket matched three of the five white balls, you still win just $10. The odds of hitting three numbers, but not the Powerball are a tad better than matching two numbers plus the Mega Ball — 606 to 1.

3 numbers plus the Mega Ball – $200

The good news is that the prize amount has finally reached triple digits – $200. The bad news is that the odds of buying a ticket matching three numbers plus the Mega Ball are 14,547 to 1.

4 numbers – $500

A ticket that matches four numbers but not Mega Ball is tantalizing close to winning serious money, but only gets you $500. It’s a 1 in 38,792 shot to get even that lucky, though.

4 numbers plus the Mega Ball – $10,000

The prize climbs all the way to winning $10,000 if you manage to beat the roughly 931,001 to 1 odds and match four numbers plus the Mega Ball.

5 numbers – $1 million

The life-changing money begins at this prize level. All you have to do to win at least $1 million is match the numbers on the five white balls drawn, but not the Mega Ball. Good luck overcoming the 12,607,306 to 1 odds, though.

Someone who bought a ticket in Hoboken for Tuesday’s drawing managed to — and won $1 million.

Mega Millions jackpot – Big money time

The dream for any lottery player is hitting the jackpot. The odds of buying a ticket that matches all five numbers and the Mega Millions are a ridiculous 302,575,350 to 1.

Thirty-four twice weekly drawings have been held since someone in Wisconsin hit the $119 Mega Millions jackpot on Sep. 15.

Two Mega Millions jackpots were won in the Garden State last year — $202 million in Edison on February 11 and $123 million in Bayonne on July 24.

Mega Millions odds explained: From the big $750M jackpot to 8 smaller prizes The odds of winning a Mega Millions prize range from 24 to 1 to more than 302 million to 1. MegaMillions.com While