The lottery only plans to sell 500,000 tickets, 6,000 of which will net cash prizes. Each $20 ticket has a 1 in 125,000 chance of winning one of the top prizes.
The overall odds are 1 in 83.33, with the prize levels at:
- Four prizes of $1 million
- Four prizes of $100,000
- 100 prizes of $1,000
- 5,892 prizes of $100
Each tickets features a unique, eight-digit number issued sequentially. The first ticket will have the number 00000001, and the last ticket sold will have the number 00500000.
Since 2005, Millionaire Raffle has awarded more than $91.5 million in prizes.
Copyright 2016 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.