Lotto 47 has been one of the increasingly popular game options for the Michigan Lottery. The game may not have as big of a prize as other lottery options, but it is still worth your attention.
Indeed, if you had the chance to win a million dollars, you would want to play regardless. The game has its similarities amongst other lottery games, so you will be able to play easily if you are familiar with these games.
The estimated jackpot is around $6.7 million. The next drawing is Saturday.
The game itself is in the category of a draw game with an instant win option. The starting jackpot is around $1 million.
Your purchasing options are for both in-store and online. The tickets will cost you a minimum of $1.
The drawing schedule will be on Wednesdays and Saturdays. The purchasing times on these drawings have a few different cutoff times.
The in-store and online ticket sales for the current draw will be available until 7:08 pm for the night of the drawing. Once the drawing takes place, the in-store ticket sales will resume for the next one at 7:10 pm daily. Online ticket sales will also follow the same schedule and time.
To start playing Lotto 47, you will need to choose six numbers in a range of 1 to 47. Hence, that is the name of the game.
When playing in-store, simply fill out the appropriate gaming ticket and pay. When playing online, you must have a Michigan Lottery account to purchase the tickets. You then add them to your cart and either choose your numbers or have them randomly selected for you.
The game will continue to grow from the $1 million starting jackpot until someone wins the jackpot. To win the jackpot, you must have chosen all correct matching numbers from the draw.
If you decide to add an additional dollar to the game, you have the option of the EZMatch game. This is a side game or bet that will allow you to win additional prizes.
Overall odds are 1 in 47
Overall odds are 1 in 5
If you bought a ticket in-store, you would check your winning numbers on the Michigan Lottery website, the Michigan Lottery app, or on your local television station that broadcasts this information.
If you purchased a ticket online, the method of checking your numbers is the same. Online, you will receive a notification if you have won on your account page.
The Lotto 47 jackpot and the Double Play top prize winners have a few options to consider when they win. They can choose to have their prize payout as a cash option or an annual payout for the next 30 years.
If the winner decides to select the cash option, they will receive their share of the prize in a large, lump-sum payment. This means that money is set aside already for someone that wins and wants to choose that option.
For an annuity, players can have the jackpot prize spread out over 30 years in a payout system. Each year the player will receive a portion of their winnings, and it gradually increases over time.
The Jackpot winners and the Double Play top prize winners only have 60 days total to change their mind from the date they claim their prize to the cash option. So it is important to make sure you understand how you can be paid and what works best for you.
For taxes, you are subject to your local state and federal tax withholdings. You will also receive a tax statement of Form W2-G.