Raffle-mania speads to Wisconsin as tickets are selling at a rapid pace
The Wisconsin Lottery is rolling the dice on a new lottery game called Million Dollar Draw, but with so many states profitting handsomely from the popular style of game, it is hardly a risk at all.
It's a big-ticket game with what state lotteries call "the best chance to win a million dollars" because the odds of winning the jackpot are much better than traditional lotto games like Mega Millions or Powerball.
The lotteries increase your chances of winning by limiting the number of tickets sold. Using to the principles of supply and demand, the limited supply helps create a buying frenzy, in which most states sell out their inventory of tickets.
One person will win $1 million. Only 500,000 tickets will be sold, so the odds of winning the $1 million are one in 500,000.
Each Wisconsin Million Dollar Draw ticket will cost $10.
As is customary with raffle-style games, there will be several lower prizes as well. Ten people will win $100,000, and five hundred people will win $1,000.
The Million Dollar Draw will be held on May 1. Results will be posted at Lottery Post within hours of the drawing.
Tickets must be purchased before 9:00 PM on April 28, 2007, but they may sell-out before that date. More than 115,000 tickets have already been sold.
Tickets are sold in numerical order starting with 000001. When a ticket is purchased, the computer assigns the next available number to that ticket.
The Wisconsin Lottery encourages players to sign the back of the ticket once they receive it.
Odds of winning
- $1,000,000 (1 prize awarded), 1 in 500,000
- $100,000 (10 prizes awarded), 1 in 50,000
- $1,000 (500 prizes awarded), 1 in 1,000