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Latest Michigan Lottery raffle offer $1,000 a week for life

Michigan LotteryMichigan Lottery: Latest Michigan Lottery raffle offer $1,000 a week for life

Tickets on sale Monday; drawing is June 22

Lansing, Mich. — Michigan Lottery officials are banking they've come up with a winning formula for the next raffle game: A top prize of $1,000 a week — for the rest of the player's life.

Win for Life raffle tickets go on sale Monday for $20 each, and once 300,000 are sold, that's it.

Lottery Commissioner M. Scott Bowen said the state's 12th raffle "not only offers players a whole new way to win, it gives them a way to stretch out a win."

The prize that keeps on giving should go over well with players, said Sam Kassab, owner of the Chene Trombley Market in Detroit, one of the top Lottery retailers in the state.

"Anything new and our sales go up," he said.

Kassab said that while the top prize doesn't offer the same excitement as a $200 million jackpot offered in some multistate games, "a thousand a week is a thousand a week and believe me it will sell."

In addition to the top prize, there will be 25 winning tickets worth $50,000 apiece, and 10,000 ticket holders will collect $100 each. More than $3 million will be divided among the winners.

If a 20-year-old player won the top prize and lived to be 90, he or she would receive a total of about $3.6 million over their lifetime.

And if a 65-year-old player were to win and die the following year, the person's estate would continue to get the $1,000 weekly prize for 19 years. However if the winner had collected prize money for at least 20 years, the payouts would cease upon the player's death.

Win for Life is the first raffle from the lottery with a lifetime prize, although the approach has been used in a handful of $5 instant games. In those games, sales were at least 10 percent higher than traditional instant games, Lottery spokesperson Andi Brancato said.

Winning raffle numbers will be drawn June 22, or later if tickets don't sell out by then.

Lottery sales are up 1.4 percent over last year. However, revenues that go into the state School Aid Fund are down 5.4 percent compared to last year, because of prize payouts. Last year the lottery pumped $740.7 million into the school fund.

Detroit News

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12 comments. Last comment 6 years ago by sirbrad.
Page 1 of 1
charmed7's avatar - Lottery-013.jpg
MICHIGAN
United States
Member #65282
September 22, 2008
1868 Posts
Offline
Posted: May 8, 2009, 11:20 am - IP Logged

I'm sure they will eat Accountantu up in taxes, being that is added income.

52,000. plus whatever your gross income. It's cool if u don't make that much

money for a year.  I won't buy as many of the $20. as i did the $10.

didn't even have a $70. winner.  I guess i'm being a sore loser Kicking Dirt

    Avatar

    United States
    Member #54390
    August 17, 2007
    313 Posts
    Offline
    Posted: May 8, 2009, 2:12 pm - IP Logged

    I'm sure they will eat Accountantu up in taxes, being that is added income.

    52,000. plus whatever your gross income. It's cool if u don't make that much

    money for a year.  I won't buy as many of the $20. as i did the $10.

    didn't even have a $70. winner.  I guess i'm being a sore loser Kicking Dirt

    I bought three and won $210

      charmed7's avatar - Lottery-013.jpg
      MICHIGAN
      United States
      Member #65282
      September 22, 2008
      1868 Posts
      Offline
      Posted: May 8, 2009, 2:22 pm - IP Logged

      Wow, thats great!  i'm jealous(LOL) 

      seriously thats great WTG

        kumazi30's avatar - Lottery-050.jpg
        Detroit MI
        United States
        Member #62961
        July 14, 2008
        22 Posts
        Offline
        Posted: May 8, 2009, 3:45 pm - IP Logged

        Most of all lose. I bought 7 tickets, 10 dollars each. I lost. A Friend of mine had 47 tickets. He got 70 dollars back from one ticket.

          Avatar

          United States
          Member #54390
          August 17, 2007
          313 Posts
          Offline
          Posted: May 8, 2009, 4:48 pm - IP Logged

          Wow, thats great!  i'm jealous(LOL) 

          seriously thats great WTG

          Sorry to rub that in your face.

           

          By the way, the new raffle is no where to be seen on the Michigan lottery website... I wonder where the source for this info is?

            Avatar

            United States
            Member #73512
            April 16, 2009
            106 Posts
            Offline
            Posted: May 8, 2009, 4:53 pm - IP Logged

            I can't be bought into spending 20 dollars for a mere chance of winning, but this one looks fun.  I plan on buying a ticket.

              wizeguy's avatar - animaniacs04

              United States
              Member #15143
              May 10, 2005
              390 Posts
              Offline
              Posted: May 8, 2009, 7:12 pm - IP Logged

              Most of all lose. I bought 7 tickets, 10 dollars each. I lost. A Friend of mine had 47 tickets. He got 70 dollars back from one ticket.

              You and your friend seem to be playing a different game than the one described here.

                Bradly_60's avatar - disney37
                Atlantic Mine, Michigan
                United States
                Member #416
                June 23, 2002
                1614 Posts
                Offline
                Posted: May 8, 2009, 8:52 pm - IP Logged

                Sorry to rub that in your face.

                 

                By the way, the new raffle is no where to be seen on the Michigan lottery website... I wonder where the source for this info is?

                Actually there is.  One the right hand side in the news section there is a title of Newest Raffle.  That is the only place though.

                Brad

                  Avatar

                  United States
                  Member #54390
                  August 17, 2007
                  313 Posts
                  Offline
                  Posted: May 8, 2009, 10:11 pm - IP Logged

                  Actually there is.  One the right hand side in the news section there is a title of Newest Raffle.  That is the only place though.

                  Brad

                  Sheesh. I need glasses.

                    Avatar

                    United States
                    Member #54390
                    August 17, 2007
                    313 Posts
                    Offline
                    Posted: May 8, 2009, 10:12 pm - IP Logged

                    He's replying to Me or the other guy's post.   The LP's forum design is the weirdest and most confusing one on the internet.

                      Avatar
                      Marquette, MI
                      United States
                      Member #20541
                      August 20, 2005
                      495 Posts
                      Offline
                      Posted: May 9, 2009, 11:02 am - IP Logged

                      Looks Ok,  maybe they will add a 50/50 option to a future raffle where you can spend 5 or 10 extra bux and split the pot 50/50 with the state.  I beleive at least 3 people would buy the 50/50 optionSmiley

                        sirbrad's avatar - Lottery-062.jpg
                        PA
                        United States
                        Member #22983
                        October 6, 2005
                        2010 Posts
                        Offline
                        Posted: May 10, 2009, 9:56 pm - IP Logged

                        I like this a lot better than PA's current raffle. Although the $750,000 cash would be great, but this raffle has better overall prizes and more of them. I will be recommending this to PA. 25 prizes of $50,000 is even great. But I would love $1,000 a week for life as that would take a lot of pressure off worrying about investing and when the next check is coming. $36,000 a year is still pretty good, especially on top of another part-time income.