Megabucks Doubler Review
Anything that has a name like Megabucks Doubler is expected to be a lot of fun. A lottery that comes with a 500,000 dollar minimum guaranteed jackpot that rolls over seems like even more fun. Luckily, these two concepts come together in one of the most prominent Massachusetts Lottery games.
Megabucks Doubler features a simple enough premise, but there are several characteristics that make the lottery worth a try. Are you ready to be surprised? Let’s find out a bit more about Massachusetts Megabucks Doubler together.
Megabucks Doubler: The History of the Lottery
Megabucks Doubler is the continuation of one of the most beloved Massachusetts lotteries – Megabucks. Megabucks came into existence in 1982 while the first drawing of its modified version occurred in 2009.
Ever since the inception of Megabucks Doubler, drawings have taken place two times per week – on Wednesday and Saturday. The game rules have also remained unchanged through the years. Megabucks Doubler uses a standard 6 out of 49 matrix.
Is Megabucks Doubler a Scam?
Megabucks Doubler is a legitimate state lottery in Massachusetts. It’s organized by the Massachusetts State Lottery – an entity that has been around since 1971.
Currently, Massachusetts Lottery is responsible for a wide array of games on the territory of the state – Keno, Mass Cash, Jackpot Poker, The Numbers Game and Instant Tickets are some of them. The state entity is also responsible for the Mega Millions and Powerball ticket sale/cashing out in Massachusetts.
Since Megabucks Doubler is organized by a state entity, there are strict regulations under which the game runs. These are required to ensure fairness.
According to a state rule in Massachusetts, a minimum of 45 percent of the funds generated through ticket sales are distributed in the form of prizes among players. Approximately 20 more percent of the funds are allocated to a local aid fund that is returned to Massachusetts cities in towns in need of financial assistance for social causes.
How to Play Massachusetts Megabucks Doubler?
Playing Massachusetts Megabucks Doubler is a really simple task. A single ticket line has you picking 6 numbers from a pool of 49. The cost of submitting a single line for the respective drawing is one dollar.
If you don’t feel like choosing your own numbers, there’s a quick pick option that will have the set of 6 generated automatically.
There’s an interesting difference between Megabucks Doubler and other lotteries in the US. The Massachusetts Lottery still uses numbered lottery balls to draw the lucky numbers. This method is in complete contrast with the more innovative use of a random number generator.
To ensure the complete fairness of each drawing, Massachusetts Lottery has professionals complete three test drawings prior to the actual one. This way, they can make sure there are no differences in the weight or the shape of the numbered balls.
Odds of Winning and Prizes
The minimum guaranteed jackpot in Megabucks Doubler is 500,000 dollars. If there’s no winner, the amount will roll over towards the next drawing and increase the size of the jackpot.
The largest jackpot in the history of the game occurred in 1984 prior to having the game renamed from Megabucks to Megabucks Doubler. The sum won was 15.619 million dollars. Obviously, the sum isn’t as impressive as what Mega Millions and Powerball provide. For an entry that costs a single dollar, however, the possible reward is quite impressive.
|6||1 in 13,983,816|
|5||1 in 54,200.84|
|4||1 in 1,032.40|
|3||1 in 56.66|
Just like in the case of all other 6 out of 49 games, the odds of winning the jackpot in Megabucks Doubler are 1 in 13,983,816.
Apart from the largest and most coveted prize, there are several other nice options to become at least a little bit richer. Getting 5 correct numbers produces a prize of 5,000 dollars. The odds of this happening are 1 in 54,200.
The third prize tier is for 4 correct numbers and the prize is 200 dollars (odds of 1 in 1,032). Finally, 3 correct numbers will guarantee a prize of 4 dollars and the odds are 1 in 56.66.
Some Information for Megabucks Doubler Winners
Players have 365 days since the date of the drawing to make a prize claim. Jackpot winners have 60 days to figure out how they want to get their money.
Megabucks Doubler jackpots are paid out either in the form of a cash lump sum or annuity payments. The annuity payments are made over a period of 20 years (that’s 25,000 dollars per year for the minimum jackpot of 500,000 dollars).
A prize that’s smaller in value than 600 dollars can be claimed at any authorized retailer. Larger sums will need to be collected from a Massachusetts Lottery office. For the purpose, the winner will need to provide a signed photo ID, proof of social security number and the winning ticket.
It’s very important to point out that Massachusetts is an exception when it comes to lottery taxes in the US. In other states, the lottery doesn’t withhold taxes on prizes lower than 5,000 dollars. In Massachusetts, a tax of 5 percent is withheld on prizes larger than 600 dollars and the percentage climbs to 30 percent for prizes of over 5,000 dollars.
Can You Play Megabucks Doubler Online?
Megabucks Doubler is a lottery that you can play solely on the territory of the state. There still isn’t an option for buying tickets online. If you’re in Massachusetts, you can buy tickets and win without being a local resident (the same applies to people who aren’t US citizens).
The Bottom Line at Megabucks Doubler
The Megabucks Doubler in Massachusetts has a couple of great characteristics that make it worth a try. It all starts with a very low ticket price and a standard matrix that most lottery enthusiasts are familiar with.
If you’re considering Megabucks Doubler, here are a few of the lottery’s biggest advantages:
A very low ticket price
There are two drawings per week
The game is organized by the official state entity
The rules are fairly simple and straightforward
There’s a minimum guaranteed jackpot of 500,000 dollars
Jackpot can be paid out in the form of a lump sum or annuities
The jackpot will roll over if there are no winners
There are three additional prize tiers
Some of the funds generated through ticket sales will go to support good causes
On the downside:
This is a local lottery that you can play solely on the territory of Massachusetts
Lower prize tiers aren’t that impressive
Massachusetts has unusual taxation policies that affect even lower prize tiers (between 600 and 5,000 dollars)
As you can see, the benefits far outweigh the shortcomings of Megabucks Doubler. If you are in Massachusetts and you want to test your luck, you should go ahead and try this option by all means. Megabucks Doubler is legitimate and easy to play. By waiting a little bit and timing ticket purchases strategically, you can also increase your chances of winning a sum that’s much bigger than 500,000 dollars.