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Win for life tickets

Topic closed. 15 replies. Last post 3 months ago by wander73.

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Philadelphia, PA
United States
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March 24, 2014
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Posted: August 7, 2016, 1:43 am - IP Logged

Does anyone know if anyone has ever won on these tickets?   cash for life,  win for life, etc. 

What is the payout?   How long on the payout?  Would anyone actually stop working?

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    Washington,Michigan
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    Member #11416
    February 13, 2005
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    Posted: August 7, 2016, 1:59 am - IP Logged

    Some guy from New York won cash for life. $1,500 week for life.  He got 1.5 millions all at one time. After tax that like $900,000. I don't know how much he got but his check said 1.5 million.

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      Ga
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      December 20, 2011
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      Posted: August 7, 2016, 2:11 am - IP Logged

      I think it is guaranteed for 20 years, that is what the cash value is based on. If I won. I would do a little math see if I could just live on part of winnings and invest rest. Would need to get the higher w8n for l8fe games though.

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        New York
        United States
        Member #157288
        July 14, 2014
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        Posted: August 7, 2016, 9:05 am - IP Logged

        Cash 4 Life has two different for life payouts. One is 1,000 a day for life. The other is 1,000 a week. They have a garunteed minimum payout of 7 million ans 2 million i believe. There have been several winners of both prizes including at least one unclaimed and since expired winner.

        Win for life instant games have the garunteed amount on the ticket. They range from 2-10 million.

        Whether or not toy can retire on winning depends on your lifestyle. The smallest amount is 1,000 a week or 4k a month. Thsts 48k a year before taxes. An individuals circumstances might allow them to stop working esoecially if they already have a pension.

        1K a day minimum 7 million

        1K a week

        1.5K a week

        2.5K a week minimun 2 million 

        5K a week minimum 5 million

        10K a week minimum 10 million

          Unluckyone's avatar - lib

          United States
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          August 4, 2016
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          Posted: August 7, 2016, 10:23 am - IP Logged

          I have played cash for life scratch offs in most of their denominations and have little to show for it. Probably spent several hundred dollars and got back a third.

            wander73's avatar - Lottery-038.jpg
            Philadelphia, PA
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            March 24, 2014
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            Posted: August 7, 2016, 1:49 pm - IP Logged

            I have played cash for life scratch offs in most of their denominations and have little to show for it. Probably spent several hundred dollars and got back a third.

            Can you elaborate on that more so you got a lot less than what their advertising is what you're saying

              wander73's avatar - Lottery-038.jpg
              Philadelphia, PA
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              March 24, 2014
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              Posted: August 7, 2016, 1:51 pm - IP Logged

              Cash 4 Life has two different for life payouts. One is 1,000 a day for life. The other is 1,000 a week. They have a garunteed minimum payout of 7 million ans 2 million i believe. There have been several winners of both prizes including at least one unclaimed and since expired winner.

              Win for life instant games have the garunteed amount on the ticket. They range from 2-10 million.

              Whether or not toy can retire on winning depends on your lifestyle. The smallest amount is 1,000 a week or 4k a month. Thsts 48k a year before taxes. An individuals circumstances might allow them to stop working esoecially if they already have a pension.

              1K a day minimum 7 million

              1K a week

              1.5K a week

              2.5K a week minimun 2 million 

              5K a week minimum 5 million

              10K a week minimum 10 million

              The key here is what you outlined.  Thank you for pointing that out.

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                New York
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                Posted: August 7, 2016, 1:55 pm - IP Logged

                I forgot to add with cash 4 life the two top prizes get split in the event more than one person wins. So instead of 1K a day, two winners would split 500 a day. Same for the second prize.

                  Tatototman65's avatar - Lottery-009.jpg

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                  February 4, 2013
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                  Posted: August 7, 2016, 2:26 pm - IP Logged

                  In my opinion, these are the only scratch games worth playing.

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                    Unluckyone's avatar - lib

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                    Posted: August 10, 2016, 7:16 pm - IP Logged

                    Can you elaborate on that more so you got a lot less than what their advertising is what you're saying

                    Most of the tickets I bought in Florida ended up winning nothing. The few I did win only paid out the face value of the ticket itself and that was a $20 ticket. The $5 and $10 tickets have given me nothing but goose eggs. Maybe it's me but I took a stab at it and just got abused by it.

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                      New York
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                      Posted: August 10, 2016, 8:27 pm - IP Logged

                      Someone in Brooklyn just won the 10K a Week For Life jackpot and opted for the one time lump some. From a guaranteed 10 million he opted for the lump sum and after taxes is taking home 5.3 million.

                      As a side note this is the third 10K a Week jackpot sold in Brooklyn in the past 5 or so years, two were sold at stores near me, one of which I went to every week but never purchased games from them. This one, thank goodness was no where near me although I have past the store occasionally when I'm in the area.

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                        Houston texas
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                        August 12, 2016
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                        Posted: August 14, 2016, 5:29 pm - IP Logged

                        There are winners in those games just like any other scratch game. The odds are higher, the payout depends on the game but usually 20 years, I don't see why anyone would continue working, the advertised payout is annualized so if you win you have the option of getting the cash value option which is one lump sum payment about a little more than half the advertised jackpot.

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                          New York
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                          Posted: August 22, 2016, 3:06 pm - IP Logged

                          I just remembered a couple of years ago a guy in NY won a scratch off named Win for Life Spectacular. Guaranteed payout of 10 million or 10K a week for life. However the "For Life" has a cavet. If you take the life payments you get 520K a year for 20 years, then after the payout drops to 120 or 180K a year, i forget which. 

                          I would often be baffled as to why relatively young winners choose the lump sum instead of the annuity until i read about this.

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                            Florida
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                            February 7, 2016
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                            Posted: August 22, 2016, 3:24 pm - IP Logged

                            I just remembered a couple of years ago a guy in NY won a scratch off named Win for Life Spectacular. Guaranteed payout of 10 million or 10K a week for life. However the "For Life" has a cavet. If you take the life payments you get 520K a year for 20 years, then after the payout drops to 120 or 180K a year, i forget which. 

                            I would often be baffled as to why relatively young winners choose the lump sum instead of the annuity until i read about this.

                            Half a million for 20 years and then a guaranteed 100k/yr paycheck for every year after?

                             

                            In my opinion, I'd say the annuity is a no brainer for anyone in the 20-40 range. Any older than that, then I can see the lump sum being the safest route.

                              Funtimz's avatar - Lottery-022.jpg

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                              March 30, 2015
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                              Posted: August 22, 2016, 5:59 pm - IP Logged

                              Had to go to NYC this past weekend bought  $20 worth of Win for Life tickets got  Zilch...Living in Upstate NY where there are hardly any winners I expected that here. Buy at least thought in the bigger city I would get something back...

                              Take Risks: If you win, you'll be happy.  If you lose, you will be wiser...