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FL "for Life" Series

Topic closed. 4 replies. Last post 9 years ago by xlabel.

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Delaware
United States
Member #30273
January 14, 2006
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Posted: July 9, 2007, 8:11 pm - IP Logged

Anyone notice the new series of scratch-offs in Florida of the "Win for Life" variety? Here's what I can see from the announcement

  • $2 Cash for Life = $10k/yr/life
  • $5 Bonus for Life = $25k/yr/life
  • $10 Loaded for Life = $50k/yr/life
  • $20 Lucky for Life = $100k/yr/life (replacement for existing version)

What's interesting is that the prize amounts are typical of ones you'd see for a one-time prize in similar sized states ($10k on a $2 ticket, etc.). Adding the "for life" component is a really neat concept. I hope it takes off. I'd love to win one of these. I won't be in Florida again until next year, but if they are still being sold, I'll be sure to stock up on these.

http://www.flalottery.com/inet/games-scratchoffsMain.do

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    Delaware
    United States
    Member #30273
    January 14, 2006
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    Posted: July 19, 2007, 11:13 am - IP Logged

    UPDATE: Florida now updated their top prizes remaining chart to include these games. THEY ONLY HAVE 1 TOP PRIZE EACH! I take back what I said about stocking up. Thanks for disappointing me Florida.

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      hudson
      United States
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      May 17, 2007
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      Posted: July 29, 2007, 9:19 am - IP Logged

      Yeah I noticed that too  about 1 top prize per game, real generous of them isn't it?  And the "life" is misleading also. Life to them = 20 years.

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        Delaware
        United States
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        January 14, 2006
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        Posted: July 29, 2007, 10:06 am - IP Logged

        Yeah I noticed that too  about 1 top prize per game, real generous of them isn't it?  And the "life" is misleading also. Life to them = 20 years.

        So all of the new scratch-offs in Florida have a 20 year limit?

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          hudson
          United States
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          May 17, 2007
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          Posted: July 29, 2007, 8:55 pm - IP Logged

          Actually there are 2 top prizes on the $10 and $20 life series tickets. I was wrong. The top prize on the $20 ticket is $2,125,000 so at $100,000 a year for "life' would work out to 21.25 years. I believe like lotto if you won the top prize you could take the  $2,125,000 in a lump sum. I don't think, for instance if someone was 20 years old and won the top prize, they would pay him a hundred grand a year if he lived to be 80, there is a cap on it.