A massive $195 million Mega Millions jackpot is up for grabs on Feb. 25, 2014. Players across the country are betting they have all six Mega Millions winning numbers for Tuesday's drawing. The one-time cash option of $107 million is also huge, according to New Jersey Lottery officials on Monday, Feb. 24.
As the Feb. 25 Mega Millions jackpot winner, you'll have a tough decision to make. Will you choose between the annuity option of $195 million paid out in 30 annual payments, or the cash lump sum payment of $107 million? Unfortunately, both Mega Millions prize options are before Uncle Sam deducts state and federal taxes.
BREAKING NEWS: The Mega Millions winning numbers for February 25, 2014 are 12, 18, 25, 35, 66, the Mega Ball number is 15, and the Megaplier is X 5.
New Jersey Lottery Winners Strike It Rich
Meanwhile, New Jersey Lottery Executive Director Carole Hedinger, announced on Monday, Feb. 24, that there were six third-tier Mega Millions lottery winners in the last drawing. The standard prize Match 4 + 1 winners is $5,000, however, one lucky New Jersey lottery winner spent an extra dollar on the Megaplier option which multiplied the prize winnings by 5 to $25,000. The winning Mega Millions ticket was purchased in Ocean County at the Krauszer Food Store, 7 Whiting Shopping Center, in Whiting, New Jersey for last Friday's drawing.
The remaining five third-tier New Jersey lottery winners purchased their tickets at Rite Aid #2529, 895 West
Bay Ave., in Barnegat; Lucky 13 Card & Gift LLC, 13 Broad St., in Norwood; Polsky’s, 601 Harrison Ave., in Harrison; Friendly News & Food Store, 128 Montgomery St., in Bloomfield, and Reyes Food Market, 382 Clinton Pl., in Newark. Each of Match 4 + 1 New Jersey Mega Millions winners matched four out of five Mega Millions winning numbers (23, 29, 32, 45, 46), AND the gold Mega Ball number (15) for the Feb. 21, 2014 drawing. Carole Hedinger commented,
"Congratulations to the lottery winners and to the retailers that sold all of those winning tickets. For selling the winning tickets, the retailers have become many more Lottery ‘lucky locations’ overnight.”
When is the Mega Millions Drawing?
The next Mega Millions drawing is scheduled for Feb. 25, 2014, at 11 p.m. EST. Mega Millions winning numbers are drawn Tuesday and Friday evenings at WSB-TV in Atlanta, Georgia. Tickets are sold in 42 states plus the District of Columbia and the U.S. Virgin Islands. Tickets cost $1 each, and another $1 for the Megaplier option which could instantly multiply your prize winnings.
The largest Mega Millions jackpot in lottery history was $656 million (cash option of $474 million). It was split by three Mega Millions lottery winners on March 30, 2012. See the article Illinois, Kansas, Maryland lottery winners share Mega Millions winning numbers for more details.
Latest Powerball Winning Numbers and Results
The most recent Powerball winning numbers from the Feb. 22, 2014 drawing were 2, 3, 13, 14, 54, and the red Powerball number was 4. There were no jackpot winners for this drawing. See the article Powerball winning numbers results Feb. 22: New York lottery winner hits $1M for more information. The next Powerball drawing is scheduled for Feb. 26, 2014, at 10:59 p.m. EST. Wednesday's jackpot amount is $50 million annuity, or $28.2 million cash value.
Sources: Mega Millions; New Jersey Lottery; Powerball
Photo Credit: Mega Millions Lottery Money by Morguefile.com; kconnors