The Canadian provincial lotteries have combined forces to offer a new raffle game. It is called Millionaire Life and the top prize is $1 million per year for 25 years or a cash payout of $17 million. And becuase this is offered in Canada, the money is all tax free.

There is an interesting price point. One ticket for $5, 3 tickets for $10 and 7 tickets for $20. Personally, I would either buy none or 7 tickets. At $20, the 7 tickets cost less than $3 each compared to $5 for one.

I am starting a new lottery group to buy Millionaire Life tickets. I am limiting the number of shares to 17 and the cost per share is $20. This way if we win, each share wins $1 million.

I am going to add a new twist to this group. Each set of 7 tickets will be assigned to a share (member). We will only split the cash prize of $17 million if we win. All secondary prizes will be won by the individual assigned the winning ticket.

The secondary prizes are substantial. They are $20, $100,000 and $1 million.

Let me know if you are interested. I already have 7 shares sold leaving only 10 shares available. The draw is on February 28. The tickets are on sale for only 4 weeks.

For more details on the new game, see:

http://www.wclc.com/games/Millionaire_Life.html