As of 11:30 a.m. today, lottery officials for the Mega Millions game announced that -- due to solid ticket sales -- the estimated jackpot for Friday, February 20 has been increased to $222 million.
If one winning ticket matches all six numbers in Friday night's drawing and the player has selected annuity payments over 26 years, the $222 million jackpot would amount to pre-tax payments of roughly:
- $8.5 million per year,
- $164,200 per week, or,
- $23,450 per day.
For those who prefer to take their cash winnings up-front, it's a pretty nice payday as well. If one lucky cash-option player matches all six winning numbers, he or she will take home a check for approximately $131 million (before taxes), the estimated present cash value of Friday's $222 million jackpot.
(Jackpot figures and calculations courtesy of BigGameLottery.com)
Friday's drawing will be conducted at 11 p.m. -- live in Times Square in New York City. The results will be displayed live at BigGameLottery.com.
For the latest up-to-date Mega Millions information, readers should visit the Mega Millions Results and News Web site at: www.biggamelottery.com.