Cash 4 Life Game to Launch in N.Y., N.J.

May 29, 14 Cash 4 Life Game to Launch in N.Y., N.J.

May 29, 2014 – Starting June 16, New Jersey and New York Lottery players will have a brand new game offering chances to win daily paychecks for life.

The new game is fittingly called “Cash 4 Life,” and the top prize is structured in “daily” payouts of $1,000 for life, with a minimum payment period of 20 years.

The New York Gaming Commission voted to approve the new draw game Tuesday.  Cash 4 Life will replace the Lottery’s current “Sweet Million” game, which they said has had “limited success”

According to a record of Tuesday’s meeting, the game was developed by the New York, New Jersey, Michigan, Ohio and Virginia lotteries, though only New York and New Jersey will offer the game to players this summer.  Other states may add the game to their offerings next year.

Cash 4 Life drawings will be held at the New Jersey Lottery headquarters every Monday and Thursday.  Each ticket for the new game will cost $2, and players will need to match six winning numbers to hit the Cash 4 Life jackpot.

Players will choose five numbers from one to 60 and a single number – the “Cash Ball” – between one and four.

Matching all six numbers correctly would earn players the $1,000 per day jackpot.  Matching the first five numbers but not the Cash Ball would be worth a weekly payout of $1,000.

Both the top prize and the second prize would be paid as annuity prizes, according to New York Gaming Commission documents.

The top prize would be valued at $7,000 per week or $364,000 each year, and the second prize would be worth $52,000 per year.

In all the game offers nine prizes, starting with a $2, break-even prize for matching just one of the first five numbers and the Cash Ball.  The highest non-annuity prize available would be the game’s third prize, which will be worth $2,500.

While the odds of winning the top prize in Cash 4 Life are slim at about 21 million-to-one against, the game’s overall odds of winning will be about 1 in 8, and the lotteries expect to pay out about 55 percent of sales revenue as prizes.

The New York Lottery Commission also said they expect to generate between $8 and $9 million to benefit education in the state each year.

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Written by Matt Isaacs

Matt is the Editorial Manager for the LotteryHUB News Team. Matt graduated from Rutgers University’s School of Journalism and Media Studies in May 2013

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