Millionaire for Life FAQs
Find the answers to some of the most frequently asked Millionaire for Life questions below. We've collected the most common questions for the Millionaire for Life lottery, so take a look - the answer you need might be here.
What is Millionaire for Life?
Millionaire for life is a multi-state draw game offering $1,000,000 a year for life to lottery players, or $100,000 a year for life to winners of the second prize.
Back to TopHow do I play Millionaire for Life?
Simply select five main numbers between 1 and 58 and a Millionaire Ball from 1 to 5. The goal? Match as many as you can with the drawn numbers.
Back to TopDoes Millionaire for Life actually pay for life?
That depends. Can you spend more than $1,000,000 a year? Given the yearly payments offered, this game's jackpot prize can certainly see you through.
Back to TopDo you have to pay tax if you win Millionaire for Life?
Yes, you must pay taxes for Millionaire for Life winnings, both on the federal and state level. This includes an immediate withholding of 24-37%. But don't worry, the prize is still massive once taxes are accounted for.
Back to TopCan you take a lump sum if you win Millionaire for Life?
Yes, you can take a one-time cash lump sum of $18 million if you win Millionaire for Life. You can do the same for the second prize for a sum of $2.2 million. Bear in mind that this option offers less of the prize money than annuity, although the amount you take home is still gargantuan.
Back to TopHow long do I have to claim a Millionaire for Life prize?
This varies depending on which state you bought your Millionaire for Life ticket in. Be sure to check this carefully so that you don't miss out on any prizes you're due if you win.
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