The Michigan Lottery has multiple draw-based lottery games that are available to their customer. These games include Powerball, Mega Millions, Lucky for Life, Lotto 47, and Fantasy 5.
Fantasy 5 should be another game to add to your list. The simplicity of the game and the payouts are both great additions to make it worth your while.
The current estimated jackpot is about $110,000. The drawings are held every evening at 7:29 pm.
You can purchase your tickets, either in-store or online. Ticket sales for the current drawing are available until the night of the draw at 7:08 pm daily.
If you have missed the cutoff for the current drawing, you can purchase your tickets after the 7:08 pm cutoff. These tickets purchased after that time will be used for the next drawing.
The Fantasy 5 jackpot will always reset back to $100,000 if someone wins the jackpot. For each time no one wins the jackpot, it will increase about $5,000 each time.
So each day, this will grow nearly $5,000, or about $35,000 a week.
To play Fantasy 5, you first have to choose where you want to purchase your tickets. You can purchase them from an authorized Michigan Lottery dealer, or you can buy your tickets online with a Michigan Lottery app or by using their website.
To begin, simply select 5 numbers that are in a range from 1 to 39. Once you have the numbers of choice, you will then check out and pay for your ticket. At this point, you will be waiting for the time of the draw.
The tickets will cost you $1 to play. For an additional $1 per game and panel, you have the option for what is called Double Play. This allows your ticket to be used immediately again for a second chance draw, with the jackpot amount topping $110,000.
Also, for another $1, you can select EZmatch for your shot at winning up to $500 instantly. This feature allows your ticket to be paired with EZmatch numbers with any of your Fantasy 5 numbers. If successful, you will win the amount that is shown next to the EZmatch number instantly.
To win the current jackpot amount, you have to match all five numbers in the drawing for that night. If used with Double Play, you still have to match all five numbers to win that jackpot amount.
There is no secret formula when it comes to trying to beat the odds of any game you play. The numbers do not lie, and therefore should be used to determine whether or not you can win.
If you want to increase your odds the best thing to do is to purchase a second ticket or more. This way, you have slightly increased your chances of winning a prize.
Overall Odds of Winning: 1 in 9
Overall Odds of Winning: 1 in 9
Overall Odds of Winning: 1 in 5
If you have purchased your ticket in-store, you can check your ticket by viewing your local news television station if they announce these numbers. You also can check the Michigan Lottery website
For tickets purchased online or in the app, the same goes for the method of checking above. You can also sign in to your account and check your notifications to see how your tickets fared.
Payments of this game prize are paid out in a lump sum form, as there are no annuities or an option for one. If you win a prize of over $50,000, you must contact the central office in Lansing.
Prizes over $5,000 are subject to state and federal tax withholdings. Also, if you win anything over $6000, you will be required to complete a claim form and will receive the Form W2-G tax statement.
To keep it simple, you are liable for any taxes for prizes that you claim. It is up to you to make sure everything is correct during tax time for the year you claimed a prize.