Millionaire Raffle, the raffle-style game developed in 2005 by the Pennsylvania Lottery, will offer 7,777 cash prizes worth more than $6.4 million when the game is drawn at 7 p.m. on Saturday, July 7 (7-7-07).
"Seven has always been a popular number for lottery players, so we decided to celebrate July 7, 2007, with a raffle drawing," said Lottery Executive Director Ed Trees. "The previous three raffle drawings sold out and we expect this raffle to be just as successful."
Tickets for the July 7 Millionaire Raffle drawing will be on sale from May 29 until 5 p.m. July 7, or until sold out. Only 625,000 tickets will be sold. When the last raffle ticket number is issued, the game will close and no additional tickets will be available for purchase.
Because Millionaire Raffle tickets are scheduled to be sold over a six-week period, Trees urged players to sign the backs of their tickets and keep them in a safe place until the July 7 drawing.
The July 7 raffle drawing will award five top prizes of $1 million, five $100,000 cash prizes, 200 prizes of $1,000 cash and 7,567 prizes of $100 cash. A total of 7,777 prizes worth $6,456,700 will be awarded. Each of the game's $20 tickets will offer a 1-in-125,000 chance of winning $1 million — the best odds ever offered by the Pennsylvania Lottery for winning a $1 million prize.
Each Millionaire Raffle ticket will contain a unique, eight-digit raffle number issued sequentially across the commonwealth from the Lottery's central computer, starting with raffle ticket number 00000001. The last raffle ticket issued for the game will contain the raffle ticket number 00625000. The eight-digit Raffle number printed on the ticket must match the eight-digit Raffle number combination selected in the drawing — in the exact sequence in which it was selected — to be considered a winning ticket and to be entitled to a Millionaire Raffle prize.
The winning raffle ticket numbers will be randomly selected at 7 p.m. on July 7 when the Lottery's live drawing show will televise the selection of the five, $1 million, top-prize raffle ticket numbers and the five, $100,000, second-prize raffle ticket numbers. The remaining 7,767 winning ticket numbers will also be selected, but will not be televised live due to time constraints. A complete list of all 7,777 winning Raffle ticket numbers will be available the following day on the Lottery Post Web site, https://www.lotterypost.com/results, and at Lottery retailers.
Odds of winning a $1 million top prize are 1-in-125,000; odds of winning a $100,000 prize are 1-in-125,000; odds of winning a $1,000 prize are 1-in- 3,125; and the odds of winning $100 are 1-in-83. The overall odds of winning any prize are 1-in-80.
As of May 21, one $100,000 prize remains unclaimed for each of the past two Millionaire Raffle drawings, July 4, 2006, and Dec. 30, 2006. Tickets for the July 4, 2006, Millionaire Raffle will expire on July 5, 2007, and tickets for the Dec. 30, 2006, raffle will expire Dec. 31, 2007.
Michigan also announced another raffle starting a week after the draw for the $50 raffle...It starts on the 25th and is a $20 ticket.
Who needs Fantasy 5 anymore? They should have a $2 ticket and call it "Double Fantasy"... Why buy the Fantasy Fives when you can save your money for better odds at higher prizes with raffles?
At least a "Double Fantasy" ticket would crank the Jackpots up higher.
With the fast raffle draw turnarounds here I am wondering when this rafflemania will slow down.
I was curious as to why Michigan waits for a month have the drawing after tickets have sold out, thinking that they, of course are gaining money from the interest, among other things. Here is the reply I got from them.
Dear Player,
The Michigan lottery sold 250,000 Super Raffle tickets at $50 each,
generating $12.5 million in revenue. Prizes totaling $7.35 million
(58.8% of sales) will be awarded to players.
The lottery's excess cash is maintained in an account managed by the
Michigan Department of Treasury. Any short term investing in the common
cash fund is done by Treasury following its policies and procedures.
Interest earned on the Lottery's common cash is transferred to the
School Aid Fund.
Sincerely,
Lottery PR Department
It's hard to kick about 58.8 percent return to the players, and the odds are darn good in any of these state raffles.
I've got the feeling that this is just the start of raffle fever!
I would really love to play this one. I wish TN or KY would have one on that date.
Michigan also announced another raffle starting a week after the draw for the $50 raffle...It starts on the 25th and is a $20 ticket.
Who needs Fantasy 5 anymore? They should have a $2 ticket and call it "Double Fantasy"... Why buy the Fantasy Fives when you can save your money for better odds at higher prizes with raffles?
At least a "Double Fantasy" ticket would crank the Jackpots up higher.
With the fast raffle draw turnarounds here I am wondering when this rafflemania will slow down.
I was curious as to why Michigan waits for a month have the drawing after tickets have sold out, thinking that they, of course are gaining money from the interest, among other things. Here is the reply I got from them.
NY is having one starting June 1.