Updated 08:02 PM EST, Mon, Dec 22, 2014
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Mega Millions Numbers & Results March 4, 2014: Live Stream of Drawing Time; $240M Jackpot

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Mega Millions
Lottery host John Crow calls the numbers during the lottery drawing for the Mega Millions jackpot, estimated at $636 million, in Atlanta, Georgia December 17, 2013. A last-minute ticket buying frenzy a week before Christmas inflated Tuesday's Mega Millions jackpot to $636 million, drawing closer to the biggest U.S. lottery prize in history, a game official said. The winning numbers for Tuesday's drawing were: 8, 14, 17, 20, 39, and 7, according to the lottery's website, Megamillions.com. (Photo : REUTERS/Tami Chappell)

If you're a Mega Millions ticket holder, then get ready for the Tuesday, March 4 lottery jackpot drawing, which has soared to a whopping $240 million.

The jackpot winner will have a choice of how they would like to be paid. They could choose the "Cash Option" and receive a one-time, lump sum payment of $133 million, or they can choose the "Annual Payout" option, which provides annual payments over a 26-year period, according to the Mega Millions website.

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The overall odds of winning any prize are about 1 in 15, but the odds of winning the jackpot are about 1 in 259 million.

Mega Millions drawings take place every Tuesday and Friday after the draw entry closes at 10:45 p.m. EST. Tickets are sold in 42 states, as well as the District of Columbia and the U.S. Virgin Islands. The winning numbers are drawn at WSB-TV in Atlanta, Ga.

The Mega Millions winning numbers from the Feb. 28 drawing were 3, 31, 50, 58, 59 and the Mega Ball number was 6. There was no lucky winner for the $216 million jackpot, but one person won the $1 million prize. There were also 39 Match 4 + 1 winners who walked away with $5,000. Each $5,000 lottery winner matched four out of five white Mega Millions winning numbers, and the gold Mega Ball number.

For a national, interactive map of where tickets may be purchased, head over to the Mega Millions Where to Play page.

You can also watch a live stream of the lottery drawings at 11 p.m. EST below:

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