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Oklahoma Cash 5 lottery game on sale today

Oklahoma LotteryOklahoma Lottery: Oklahoma Cash 5 lottery game on sale today

Starting today, stores that participate in Oklahoma's lottery games will be selling tickets for a new Pick 5 game.

Lottery commission officials said Oklahoma's Cash 5 tickets go on sale today, September 1, with the first drawing to be held on Tuesday, September 5.

It works similarly to Powerball, officials said, except players only select 5 numbers out of a pool of 36.  Tickets cost $1 each and offer buyers a chance to win a grand prize of up to $25,000.

Pleayers can also win $500 for matching 4 numbers, $10 for matching 3 numbers, and a free Easy Pick ticket for matching 2 numbers.

Oklahoma Cash 5 drawings are twice a week on Tuesday and Thursday at 9:10 pm CST, immediately following the Pick 3 drawing.  The drawing results will appear on Lottery Post's Oklahoma Lottery Results page within minutes of the drawing.

The $25,000 grand prize is the actual prize money that winners will take to the bank, because the actual prize is a fixed amount of $35,211, less applicable Federal and State Tax withholding of $10,211.  It is uncommon for state lotteries to list the the post-tax amount as the advertised jackpot.

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13 comments. Last comment 10 years ago by okmarc.
Page 1 of 1
LOTTOMIKE's avatar - cash money.jpg
Tennessee
United States
Member #7853
October 15, 2004
11338 Posts
Offline
Posted: September 1, 2006, 11:07 am - IP Logged

25 grand is not a lot to win trying to win a pick 5 game with a matrix of 5/36.

    Todd's avatar - Cylon 2.gif
    Chief Bottle Washer
    New Jersey
    United States
    Member #1
    May 31, 2000
    23260 Posts
    Online
    Posted: September 1, 2006, 11:21 am - IP Logged

    25 grand is not a lot to win trying to win a pick 5 game with a matrix of 5/36.

    Well, it's really the pre-tax $35,000 for a good comparison to other games, but I agree the grand prize is low. 

    However, the grand prize is determined by the lower-tier prizes.  If you compare lower-tier prizes to Indiana's Lucky 5 (a good comparison on all counts), here is how it breaks down:

    Match Oklahoma Cash 5 Indiana Lucky 5 
    5 of 5 $35,211 $50,000 
    4 of 5 $500 $200 
    3 of 5 $10 $3 
    2 of 5 Free Ticket No Prize 

    As you can see, the difference in the top prize is caused by Oklahoma's better lower-tier prizes.

    The question of lower-tier prizes and the balance to the grand prize is always a tricky one for lotteries, and it reflects their priorities.

    In the case of the Oklahoma Lottery, they are obviously very concerned with rewarding players who hit the lower prizes, which I guarantee many people like.  There are many people who think that a "spread the wealth" principle is better than a top-heavy structure.

    Myself, I think both have merits, and I would defer to the state lottery for being able to determine which method the players in their state enojy the most.  Remember, they are only creating a game that Oklahomans will like.  They don't create their game to suit the desires of people from Tennessee or New Jersey.

     

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      Rick G's avatar - avatar 1766.jpg
      FEMA Region V Camp #21
      United States
      Member #520
      July 27, 2002
      5699 Posts
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      Posted: September 1, 2006, 11:34 am - IP Logged

      Well, it's really the pre-tax $35,000 for a good comparison to other games, but I agree the grand prize is low. 

      However, the grand prize is determined by the lower-tier prizes.  If you compare lower-tier prizes to Indiana's Lucky 5 (a good comparison on all counts), here is how it breaks down:

      Match Oklahoma Cash 5 Indiana Lucky 5 
      5 of 5 $35,211 $50,000 
      4 of 5 $500 $200 
      3 of 5 $10 $3 
      2 of 5 Free Ticket No Prize 

      As you can see, the difference in the top prize is caused by Oklahoma's better lower-tier prizes.

      The question of lower-tier prizes and the balance to the grand prize is always a tricky one for lotteries, and it reflects their priorities.

      In the case of the Oklahoma Lottery, they are obviously very concerned with rewarding players who hit the lower prizes, which I guarantee many people like.  There are many people who think that a "spread the wealth" principle is better than a top-heavy structure.

      Myself, I think both have merits, and I would defer to the state lottery for being able to determine which method the players in their state enojy the most.  Remember, they are only creating a game that Oklahomans will like.  They don't create their game to suit the desires of people from Tennessee or New Jersey.

      Very true, Todd.  In IL we have a $100,000 starting jackpot in our 5/39 game but a 4 of 5 only pays $100.  3 of 5 is $10 and 2 of 5 is free ticket.  You can tell the tier that takes the hit is the 4 of 5.

      Posted 4/6:  IL Pick 3 midday and evening until they hit:  555, 347 (str8).


        Avatar
        Coastal Georgia
        United States
        Member #2653
        October 30, 2003
        1866 Posts
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        Posted: September 1, 2006, 12:50 pm - IP Logged

        I like GA's Fantasy 5, which is a matrix of 5/39 as well.

        It is a pari-mutual game...Lower tier prizes are decent :

        2/5 = free qp ticket

        3/5 = $10- $20 depending on JP and number of winners

        4=5 = $ 300- $500 depending on JP and number of winners

        some of the jackpots have made it to 7 figures, as it rolls until hit...

         

        DD

         

                                       

                      

         

         

          Todd's avatar - Cylon 2.gif
          Chief Bottle Washer
          New Jersey
          United States
          Member #1
          May 31, 2000
          23260 Posts
          Online
          Posted: September 1, 2006, 12:56 pm - IP Logged

          Of course, that is better indeed.  But you need to keep in mind there is a great difference in size and maturity of the Georgia and Oklahoma lotteries.

          I could also have mentioned that NJ has a far superior jackpot-style Pick 5 game, and is drawn seven days a week, but NJ also does not compare well to Oklahoma.

          Maybe someday Oklahoma will be able to support a jackpot-style Pick 5 game, but I don't expect it anytime soon.

          Overall, the Oklahoma Lottery is doing "OK". Smile

           

          Check the State Lottery Report Card
          What grade did your lottery earn?

           

          Sign the Petition for True Lottery Drawings
          Help eliminate computerized drawings!

            Toney725's avatar - speedykat
            Stone Mountain, GA
            United States
            Member #3189
            January 1, 2004
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            Posted: September 1, 2006, 12:57 pm - IP Logged

            "It works similarly to Powerball, officials said, except players only select 5 numbers out of a pool of 36.  Tickets cost $1 each and offer buyers a chance to win a grand prize of up to $25,000."

            No rollover?

              Todd's avatar - Cylon 2.gif
              Chief Bottle Washer
              New Jersey
              United States
              Member #1
              May 31, 2000
              23260 Posts
              Online
              Posted: September 1, 2006, 1:31 pm - IP Logged

              "It works similarly to Powerball, officials said, except players only select 5 numbers out of a pool of 36.  Tickets cost $1 each and offer buyers a chance to win a grand prize of up to $25,000."

              No rollover?

              Many Pick 5 games have no rollover, especially in smaller states.

               

              Check the State Lottery Report Card
              What grade did your lottery earn?

               

              Sign the Petition for True Lottery Drawings
              Help eliminate computerized drawings!

                bobby623's avatar - abstract
                San Angelo, Texas
                United States
                Member #1097
                January 31, 2003
                1394 Posts
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                Posted: September 1, 2006, 2:30 pm - IP Logged

                Texas, one of the larger states, has a Cash 5/37. Jackpots are based on sales for a particular drawing. If there is no winner, the jackpot amount is rolled down to lower prize levels. This usually boosts the 4/5 prize from $100-$200 range to $400-$600 range. The current jackpots are running between $30 and $40 thousand. Mostly in the 30s.

                Players who have 2/5 win $2, which is a feature I like. Get enough of these and you can play your favorite numbers free for a couple days.

                Texas started with a Pick 5/39 game with a rollover. Jackpots were attractive and worth the investment. But, the lottery folks wanted more profits, so, they adopted the current game. Too bad. Many lottery players gave them the finger and went on to something else. Sales have been on a steady decline. Those in charge ran some specials, like giving away 5 C5 tickets if a player bought 5 Pick 3, etc. They stopped this practice when one of the commissioners called the practice a 'giveaway'.

                Perhaps the folks in Oklahoma looked around and decided to go with the game they adopted, rather than initiate a game that would ultimately fail.

                Pick 5/36 is very popular in Florida, which has a rollover. I have kin folks there and we play regularly. I sure would like to hit one of those $200,000 jackpots.

                Enough said.

                  Bradly_60's avatar - disney37
                  Atlantic Mine, Michigan
                  United States
                  Member #416
                  June 23, 2002
                  1614 Posts
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                  Posted: September 1, 2006, 4:47 pm - IP Logged

                  I really don't like the "get a free ticket" for matching two numbers.  It makes the odds of winning a cash prize over 1 in 100. 

                  I agree though....$25,000 is really low for a 5/36 game.  But I guess if you have a small state you can't do much else.  WI has Badger 5 and they have a rollover game though.  Jackpot starts at $10,000.  But once OK gets everything rolling I can see them getting better at it.  It usually just takes awhile to see what works and what doesn't.

                  The $500 prize for matching 4 is huge compared to all other states.

                  Brad

                    Avatar
                    Oklahoma
                    United States
                    Member #45345
                    August 19, 2006
                    23 Posts
                    Offline
                    Posted: September 2, 2006, 3:03 am - IP Logged

                    Thanks for the informative posts regarding the new Oklahoma Cash Five game. As Todd points out, our lottery is young, having been launched in October 2005. 

                    It sounds like the top prize is lower than in many states, but the lower tier prizes are higher. Many more will win those, so I guess it balances out.

                     I think the game will do well with a $25,000 (after tax) top prize. The top prize for our Pick 3 is only $500. Of course the odds of hitting a straight in Pick 3 are about 1 in 1,000, much better odds than hitting all five balls (in any order) in a 5/36 game. 

                     At any rate I have spent a buck to buy a Cash Five ticket.  Having played Pick 3 and Powerball for several months it's fun to have a new game to try. And I really do appreciate the comments and advice from more experienced lottery players in other states.

                      Avatar

                      United States
                      Member #1826
                      July 11, 2003
                      2645 Posts
                      Offline
                      Posted: September 2, 2006, 3:23 am - IP Logged

                      Texas, one of the larger states, has a Cash 5/37. Jackpots are based on sales for a particular drawing. If there is no winner, the jackpot amount is rolled down to lower prize levels. This usually boosts the 4/5 prize from $100-$200 range to $400-$600 range. The current jackpots are running between $30 and $40 thousand. Mostly in the 30s.

                      Players who have 2/5 win $2, which is a feature I like. Get enough of these and you can play your favorite numbers free for a couple days.

                      Texas started with a Pick 5/39 game with a rollover. Jackpots were attractive and worth the investment. But, the lottery folks wanted more profits, so, they adopted the current game. Too bad. Many lottery players gave them the finger and went on to something else. Sales have been on a steady decline. Those in charge ran some specials, like giving away 5 C5 tickets if a player bought 5 Pick 3, etc. They stopped this practice when one of the commissioners called the practice a 'giveaway'.

                      Perhaps the folks in Oklahoma looked around and decided to go with the game they adopted, rather than initiate a game that would ultimately fail.

                      Pick 5/36 is very popular in Florida, which has a rollover. I have kin folks there and we play regularly. I sure would like to hit one of those $200,000 jackpots.

                      Enough said.

                      Florida's Fantasy 5 rolls down like Cash Five in Texas.

                      (insert signature here)


                        United States
                        Member #402
                        June 14, 2002
                        19 Posts
                        Offline
                        Posted: September 7, 2006, 7:43 pm - IP Logged

                        How about this? 

                        SC Education Lottery offers Palmetto Cash 5 with Power-Up (5/38). For Power-up, pay extra $1 for a multiplier just like Powerball.

                         

                        5 of 5                   5 of 5 (Prizes up to...)

                        $100,000              $500,000

                        4 of 5                  4 of 5

                        $300                    $1,500

                        3 of 5                   3 of 5 

                        $5                       $25

                        2 of 5                    2 of 5

                        $1                        $5

                          Avatar
                          Oklahoma
                          United States
                          Member #45345
                          August 19, 2006
                          23 Posts
                          Offline
                          Posted: September 13, 2006, 1:41 pm - IP Logged

                          One person has matched all five balls in the September 12 drawing.