Michigan Lottery Super Raffle Has Best Odds
By Tim Somers on Feb 7, 2008 in General
February 11 marks the launch of the new Michigan Lottery Super Raffle. I am not a big lotto or mega millions player, sure once and a while when the jackpot gets pretty high I’ll grab a few tickets but that’s it. I am amazed how often I see the same people at the local gas station or party store faithfully buying their daily, weekly and bi-weekly lottery tickets.
I must say that the Michigan Lottery Super Raffle does peak my interest the odds are 1 in 55 of winning at least $500 bucks. With only 250,000 tickets being sold at $50 bucks a pop you would think with the Michigan economy it would take forever for these to sell. The last Super Raffle sold out pretty quick – so quick I did hear about it until after they were sold out (which if I recall was just under a week).
A single drawing will be held no later than March 17 or within 10 days of the tickets selling out. 4,527 tickets will be randomly drawn to win. Here is a breakdown of the prizes.
2 prizes of $2,000,000 each - odds of winning: 1:125,000
25 prizes of $100,000 each – odds of winning: 1:10,000
4,500 prizes of $500 each – odds of winning: 1:56
Overall odds are: 1:55
One ticket is all it takes – good luck! Remember buying a Michigan Lottery ticket helps our Michigan Schools.
Tim Somers
MichiganBusinessHub.com
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