New $30 Ohio Lottery Scratch-Off
Jan. 16, 2014 – Beginning today, players may find something new in their Ohio Lottery retailers. To celebrate their 40th anniversary, the Lottery is rolling out a brand new scratch-off game with a never-before seen price tag.
The new 40th Anniversary Millions ticket will cost $30 – $10 more than any of the Lottery’s other offerings. The price-tag bump, however, means the Lottery can offer more and bigger prizes.
The game boasts an incredible $10 million top prize, and five of those top prizes are available.
Second-prize winners will score a cool $1 million on the game, and there are 35 million-dollar winning tickets waiting to be scratched.
Other prizes range from break-even $30 prizes to $50,000, and the estimated number of winning tickets at each prize level is unprecedented; there are 100 winning tickets worth $50,000, and another 240 winners will score $20,000 prizes.
According to the game rules, players who win either the $10 million top prize or the $1 million second prize can choose to take a lump-sum payout or a 25-year annuity option.
The $1 million prize would have a cash option worth about half that, while the annuity would pay out $40,000 before taxes, every year for 25 years.
The cash option for the $10 million prize would also be about half the full value, and the 25-year annuity option would pay $400,000 before taxes each year.