Mega Millions (initially called The Big Game Mega Millions as the successor of The Big Game) is an American multi-jurisdictional lottery game. The first (The Big Game) Mega Millions drawing was in 2002 (see below).
The minimum Mega Millions advertised jackpot is $15 million, paid in 30 graduated yearly installments, increasing 5% per annum (unless the cash option is chosen; see below for differences by state). The jackpot increases when there is no top-prize winner (see below for information on how the game's jackpot is funded).
In the United States, lotteries are run by 47 jurisdictions: 44 states plus the District of Columbia, Puerto Rico, and the U.S. Virgin Islands.
In the US, lotteries are subject to the laws of each jurisdiction; there is no national lottery.
The Virginia Lottery is an independent agency of the Commonwealth of Virginia. It was created when Virginians voted in 1987 in favor of a state lottery. The first ticket was sold on September 20, 1988. All profits from Virginia Lottery ticket sales go to K-12 public education in the Commonwealth. In Fiscal Year 2012, the Lottery's profits totaled $487 million, which accounted for approximately 8 percent of school funding in Virginia. That brought total Lottery profits in Virginia (from 1989 to June 2012) to $8.4 billion.
Daily draw games include Pick 3, Pick 4, and Cash 5; each of which is drawn twice daily. The Virginia Lottery also offers numerous scratchcards. It is one of 44 lotteries which sells Mega Millions tickets, and one of 44 offering Powerball (45 when California joins in April 2013.) Decades of Dollars is drawn Mondays and Thursdays; Mega Millions is drawn Tuesdays and Fridays, while Powerball is drawn Wednesdays and Saturdays. The Lottery maintains elaborate security procedures to protect the integrity of its games.
A lottery is a form of gambling which involves the drawing of lots for a prize. Lottery is outlawed by some governments, while others endorse it to the extent of organizing a national or state lottery. It is common to find some degree of regulation of lottery by governments. In several countries, lotteries are legalized by the governments themselves]clarification needed[.