Mega Millions Jackpot Hits $26 Million
The Mega Millions jackpot is worth a massive $26,000,000 and there are thousands of hopefully players eagerly awaiting the next draw.
The odds of winning the jackpot are quite remote, 1 in 175,711,536; however, only one ticket is needed to win and tickets cost just $1.
Whoever is lucky enough to win this jackpot can choose between taking the annuity or cash option (worth $19 million).
Those who choose the annuity method will receive 26 annual Mega Millions payments, for every $1 million won the winner will receive around $38,500 before taxes.
If no one wins at the next draw then the jackpot could be as high as $32 million or more at the next draw (March 8th). So be sure to buy your tickets soon.
In other jackpot news, a New Jersey resident won $10,000 in Friday’s draw of the Mega Millions by matching 4 + 1, 4 of the white numbers and the gold Mega Ball. If the winner had spent just one more dollar on the Megaplier option then there prize would’ve been multiplied to $40,000.