<P> In Georgia , New Jersey , and Texas , players must choose , in advance , whether they wish to collect a jackpot prize in cash or annuity . Georgia and New Jersey winners can change an annuity ticket to cash should they be eligible for a jackpot share ; however , the choice is binding in Texas . The other Mega Millions members allow the cash / annuity choice to be made after winning ( usually 60 days after claiming the ticket ) , although in Florida the 60 - day `` clock '' starts with the drawing in which the jackpot prize was won . </P>
what is the cash option for the mega millions
whether they wish to collect a jackpot prize in cash or annuity