- Millionaire for Life is a new $5 national lottery game offering players a shot at $1 million a year for life through nightly drawings across 30 states and D.C.
- With overall odds of 1 in 8.46 and top prize odds of 1 in 22.9 million, it gives players a noticeably better shot than Powerball's 1 in 292 million.
- The first drawing goes down this Sunday at 10:15 p.m. Central Time, with tickets available now at participating lottery retailers across the country.
TALLAHASSEE, Fla. - A fresh lottery game is making its debut this Sunday, catching the attention of players throughout the gambling community. Known as Millionaire for Life, the game dishes out $1 million each year for life rather than a single one-time payment.
The Multi-State Lottery Association, the same nonprofit that operates Powerball, is the source of the game, which is currently accessible to players nationwide. Each ticket costs $5. To play, you must select one green Millionaire Ball between 1 and 5 and five white numbers between 1 and 58. A new chance to win is offered every day of the week since a drawing is held every night at 10:15 p.m. Central Time.
The jackpot odds come in at 1 in 22.9 million, which is a much better position than what Powerball offers at 1 in 292 million. With a 1 in 8.46 chance of winning anything, it is in a strong position compared to past national draw games. The lowest prize, which may be obtained by matching two white balls or one white ball with the Millionaire Ball, is $8. There are nine different ways to win.
Prize Structure and Payout Options
The game's entire idea is to create winners every day and for the rest of their lives. Taking first place earns you $1 million annually for life, while second place wins you $100,000 annually for life. In any case, victors at the top two levels can choose to forego the regular annuity installments in favor of a one-time cash payoff.
Both annuity options have a guaranteed minimum payout of 20 years, which means that even if a winner dies before the 20 years are over, the payments will still be sent to their estate. Structured annuity games like this one are becoming more and more popular among players who would rather receive regular, long-term rewards than a single, sizable sum due to the rising popularity of USA online gambling.
Now available in 30 states and the District of Columbia, Millionaire for Life has taken the place of Cash4Life and Lucky for Life, two games that players may already be familiar with.
Before purchasing tickets from online lottery ticket sites, players need to make sure the game is available in their state. New York and other states were still undergoing the clearance process at launch. This Sunday night at 10:15 p.m. Central Time, the first drawing will take place.