The Mega Millions jackpot is now over $1 billion

Tuesday night’s numbers, which wereNine tickets matched the five white balls to win the Mega Millions second prize of $1 million, including two each in New York and New Jersey, and one each in California, Florida, Illinois and Ohio.

The winning ticket sold in Ohio was worth $3 million because it included the optional Megaplie, a $1 extra purchase available in most states, which was 3X Tuesday night. Mega Millions drawings are held Tuesday and Friday at 11 p.m. ET. Five white balls are drawn from a set of balls numbered 1 through 70, and one gold Mega Ball is drawn from a set of balls numbered 1 through 25. Players win if the numbers on one row of a ticket match the numbers of the balls drawn on that date.

For those lucky enough to become a Mega Millions jackpot winner, they get the choice of a cash option or an annual payout. The annuity option means getting an initial payment followed by 29 annual payments, and each payment is 5% larger than the previous one. For those that select the cash option, they receive a one-time, lump-sum payment that is equal to all the cash in the Mega Millions jackpot prize pool after taxes.

The odds of winning the Mega Millions jackpot prize is roughly 1 in 302,575,350, lottery officials said. But a player’s overall chance of winning any prize is 1 in 24.

BIANCApeters8 rosannascotto ask yourself this: Do I want to purchase my OWN choice of an annuity with the lump sum (ie CASH option); or do I want the multi-state lottery folks to have all the control over the annuity? You can always purchase an annuity.

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