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.

 

Powered By DT Author Box

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

Comments

comments

468 ad