The Classic Lotto jackpot prize award is a 30 year annuity prize, although winners may choose the Cash Option at the time of claiming the winning Classic Lotto jackpot prize award. The Cash Option is valued at fifty percent (50%) of the advertised jackpot prize amount. For example, if the jackpot is $2.5M, the cash option value will be $1.25M.
Classic Lotto Annuity and Cash Option Calculator. Enter Jackpot Value $ Million. Use decimal points to enter exact amount. As an example, for $1,500,000 enter 1.5.
There are four ways to win cash prizes for matching from three up to all six numbers drawn. Extra Shot. Extra Shot is an optional add-on to your Classic Lotto ticket. It only costs $1 more per game and gives you six additional chances to win Classic Lotto prizes below the jackpot, and will increase their value by up to 25 times!
Lottery winners can collect their prize as an annuity or as a lump-sum. Often referred to as a “lottery annuity,” the annuity option provides annual payments over time. A lump-sum payout distributes the full amount of after-tax winnings at once. Powerball and Mega Millions offer winners a single lump sum or 30 annuity payments over 29 years.
For an additional $1, you can add the KICKER option to your entry. Alongside every Classic Lotto draw, officials also draw a 6-digit KICKER number. If your numbers match any 2 up to 6 digits of the KICKER number, you can earn an additional prize.
Pick six numbers from 1 to 49, or use Auto Pick from randomly-selected digits. You have the option to play your numbers in up to 10 consecutive draws. You can add KICKER for a shot at additional prizes. After the draw, check if you’ve won.
48. KICKER: 580435 Next Jackpot: $17.7 Million Cash Option Value: $8.8 Million Past Draws Classic Lotto drawings: Monday, Wednesday, and Saturday. Rolling Cash 5. 11/29/2021. 14.
Jackpot winners of the Michigan Classic 47 Lotto have up to 60 days to request the cash option from the Michigan Lottery. The cash option will be paid in one large lump sum. The cash option also equates to about half of the total jackpot amount once money is removed for state and federal taxes.