The drawing for the Louisiana Lottery's Millionaire Raffle game take place today.
The raffle is the first of its kind held by the Louisiana Lottery.
Tickets went on sale starting Monday, Feb. 18, and are priced at $10 apiece.
From the Louisiana Lottery:
Like
a traditional raffle game, only a limited number of tickets will be
available — 300,000 to be exact — and when they're gone, they're gone.
On April 15, one $1 million winning raffle number will be drawn from
those sold, along with five numbers worth $50,000 and another 500
numbers worth $500. In all, 506 players will win $1,500,000 in cash
prizes.
"With its large top prize and mounting anticipation,
Millionaire Raffle is the perfect game for friends and co-workers to
play together and share in the excitement," said Lottery President Rose
Hudson.
Based on the excitement of its retailers and the
popularity of lottery raffles across the country, the Lottery is
expecting the game to sell out well in advance of the April 15 drawing.
In fact, results from a recent online Lottery player survey suggest the
likelihood for a quick sell out is high with 91 percent of respondents
saying they would purchase a raffle ticket.
Raffle numbers will
be generated in sequential order from 000001 to 300000. Players can
purchase more than one raffle ticket at $10 each, but each number will
print on a separate ticket.
"For security purposes, we strongly
suggest that players sign the back of their ticket immediately after
purchasing and treat the ticket as cash, securing it until the
drawing," advised Hudson. Players must present their original winning
ticket by Oct. 11, 2008, in order to claim any raffle prize.
Odds of winning the $1 million prize are 1 in 300,000. Odds of winning any prize are 1 in 593.
Millionaire
Raffle tickets may be purchased legally only from an authorized
Louisiana Lottery retailer and only by those age 21 and older.
Complete game rules are available on the Louisiana Lottery's Web site.
Millionaire
Raffle drawing results, including a listing of all 506 winning raffle
numbers for all three prize tiers, will be available here at Lottery
Post soon after the drawing at 3 p.m. on April 15. (Raffle results are
normally the same day or the next morning.)
