A Meath resident has won 1 million in this month's Prize Bonds Millionaire draw. The winning bond number for the 1 million prize is ES485874 and it was purchased in 2003. Over 1.4 million was won in today's draw. The 1 million prize is awarded on the last draw of every month and replaces the normal weekly top prize of 20,000. Other cash prizes awarded each week include five of 1,000, 500 of 100 and over 8,500 of 50.
John Daly, chairman of the Prize Bond Company, said: "Congratulations to our new Prize Bond Millionaire from Meath and to over 9,000 other winners in the Prize Bond draw."
Prize Bonds are an Ireland State Savings product which, rather than paying interest, offers bond holders the chance to win cash prizes every week. All cash prizes are tax-free in Ireland, and Prize Bonds can be cashed in at any time after the minimum holding period of three months.