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.