The Mega Millions website says most people can play "without ill effects" however it warns that some may find that gambling of any sort "can be addictive and very damaging." The prize money keeps going on with this jackpot, but the amount is still dwarfed by the $1.05 billion that was claimed in March by an Oakland County lottery club in Michigan for a ticket bought in January. Those lucky enough to take out the jackpot can either receive a cash option or take the annuity option of an initial payout which is followed by 29 annual payments that are each five percent larger than the previous ones. Those who do have a winning ticket have between 90 days and one year to redeem their ticket, depending on local rules and regulations. With nine different ways to win a prize, the chances of winning at least $2 are 1 in 24, according to the Mega Millions website.
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