The Megabucks Lottery in Oregon was launched in 1984, and has been a successful lottery offering ever since. Every week, millions of residents across the state buy tickets for this lucrative draw, which has been known to pay out jackpots worth millions of dollars. In fact, the largest jackpot ever awarded by Oregon Megabucks was an impressive $30 million.
One of the reasons why Megabucks is an important American lottery is the fact that it was one of the first local lotteries to offer players a choice of payout. Before 1990, players could only receive their winnings in one way; however, Megabucks introduced the choice of a lump sum vs. yearly instalments. The lottery also ensures that a large portion of its profits are used to help the community. For example, 18% of the Megabucks’ revenue is donated to the local Education Stability Fund.
The format of the Oregon Megabucks Lottery is similar to any other lottery in America. Players must choose 6 numbers of a possible 48 for the chance to win jackpot prizes. The largest prize is awarded to the player who matches all 6 numbers while smaller prizes are allocated to players who match 3, 4 and 5 numbers.
There is also an “Add the Kicker” option, which offers players the chance to multiply their prize. For an extra $1 on your ticket, you earn the chance to multiply any 4 or 5 number wins by 4! It is a great way to get more bang for your buck when you play the Megabucks lottery in Oregon.