Cash4Life is a US lottery with a unique format that was first drawn on June 13, 2014. Physical tickets are available in 9 US states, but players around the world can also purchase tickets online.
A Cash4Life ticket consists of 5 main numbers from 1 to 60 and 1 bonus number (known as the “Cash Ball) from 1 to 4. Players need to be at least 18 years old and if they win the jackpot or second highest prize they will be given the option of receiving a cash lump sum or an annuity (the “Cash for Life” option).
All of the other prizes in the Cash4Life lottery are paid out in full. These prizes can be taxed in the United States, but this does not necessarily apply to all winners who will be taxed according to the rules of their country/state.
There are nine prize tiers in total. The jackpot, which is $1,000 a day for life or $7 million cash, is paid to those who get all 6 numbers, while the second prize, $1,000 a week for life or $1 million cash, is paid to those who get 5 main numbers only. The jackpot will be split if won by multiple players while the second prize will be given in full to all winners.
There is no rollover with the Cash4Life lottery. The top prize remains the same for every draw, and this applies regardless of how many tickets they sell or if the previous week’s jackpot is won or not. However, the Cash4Life has smaller odds than other major lotteries so non-winning draws are very rare.
The odds of a single ticket winning the Cash4Life jackpot are 1 in 21,846,048, or just under 1 in 22 million. These odds may not seem great, but they begin to look considerably more appealing when you consider that the Mega Millions returns odds of 1 in 302 million and the Powerball has odds of 1 in 292 million.
The odds of winning the second prize on Cash4Life are 1 in 7,282,016, or just over 1 in 7.2 million. The smallest prize, which is paid to players who get 1 main number and the Cash Ball, returns odds of 1 in 13.
Cash4Life is a US lottery with a unique format that was first drawn on June 13, 2014. Physical tickets are available in 9 US states, but players around the world can also purchase tickets online.
A Cash4Life ticket consists of 5 main numbers from 1 to 60 and 1 bonus number (known as the “Cash Ball) from 1 to 4. Players need to be at least 18 years old and if they win the jackpot or second highest prize they will be given the option of receiving a cash lump sum or an annuity (the “Cash for Life” option).
All of the other prizes in the Cash4Life lottery are paid out in full. These prizes can be taxed in the United States, but this does not necessarily apply to all winners who will be taxed according to the rules of their country/state.
There are nine prize tiers in total. The jackpot, which is $1,000 a day for life or $7 million cash, is paid to those who get all 6 numbers, while the second prize, $1,000 a week for life or $1 million cash, is paid to those who get 5 main numbers only. The jackpot will be split if won by multiple players while the second prize will be given in full to all winners.
There is no rollover with the Cash4Life lottery. The top prize remains the same for every draw, and this applies regardless of how many tickets they sell or if the previous week’s jackpot is won or not. However, the Cash4Life has smaller odds than other major lotteries so non-winning draws are very rare.
The odds of a single ticket winning the Cash4Life jackpot are 1 in 21,846,048, or just under 1 in 22 million. These odds may not seem great, but they begin to look considerably more appealing when you consider that the Mega Millions returns odds of 1 in 302 million and the Powerball has odds of 1 in 292 million.
The odds of winning the second prize on Cash4Life are 1 in 7,282,016, or just over 1 in 7.2 million. The smallest prize, which is paid to players who get 1 main number and the Cash Ball, returns odds of 1 in 13.