Categories
BLOG

odds of winning lotto 47

Lotto 47 Michigan Exposed — Fun and Relatively Simple

Lotto 47 Michigan Review

Tired of all the online lotteries that the world has to offer? Well, that’s a bit of an overstatement, but you get what we mean. If you live in Michigan, the chances are that you’ve heard about Lotto 47. It’s a nice little opportunity to diversify your usual lottery ticket buying routine. A single line costs just 1 dollar, which is why Lotto 47 should be on your radar already. With a minimum guaranteed jackpot of 1 million dollars, it’s definitely a juicy opportunity.

Lotto 47 Michigan Overview

The Lotto 47 Michigan originated in 2005, and it was set up as a replacement for Winfall – a prior game organized by the Michigan State Lottery.

Ever since the game’s launch, the jackpot has been set at a minimum guaranteed amount of 1 million dollars. With such a great possibility of becoming a millionaire and a solely 1 dollar ticket price, Lotto 47 Michigan became an immediate hit.

Is Lotto 47 a Scam?

Lotto 47 Michigan is a 100 percent legitimate opportunity to win some cash. It’s operated by the Michigan State Lottery – an entity that came into existence in 1972. In the beginning, the Michigan State Lottery had a primary goal of raising funds for education initiatives through its games.

Today, Michigan State Lottery continues raising funds for education initiatives and schools. The organization’s annual financial reports are even published on its website. In 2015, Michigan State Lottery generated 795.5 million dollars for its School Aid Fund. Nearly 1.7 billion dollars were paid out in the form of lottery prizes during the same period.

Apart from running Lotto 47, Michigan State Lottery has several other popular games. These include Fantasy 5, Daily 3, Daily 4, Club Keno, Keno, Poker Lotto, Lucky for Life, and Raffle. The organization is responsible for Mega Millions and Powerball in the state.

How to Play Lotto 47?

As the name suggests, Lotto 47 has a 6 out of 47 format. To win the jackpot, you’ll have to match all 6 of the numbers for the respective drawing. The lottery has 2 drawings per week – on Wednesday and Saturday.

When buying a ticket, you can either enter your own numbers or opt for the Easy Pick option. In the second case, the numbers will be generated randomly by a computer. Apart from giving you this option, the lottery also features advanced ticket purchase. You can buy your tickets for up to 60 upcoming drawings, which will free you from having to visit a local retailer every single week.

Apart from this standard gameplay scenario, Lotto 47 comes with an additional opportunity called EZMatch. To unlock this possibility, players will have to pay an additional dollar. If any of the 6 numbers chosen match the EZMatch numbers on the ticket, the player will win additional cash prizes.

Sign In to Michigan Lottery, Make Your First Purchase and Get a 50% Bonus!

Click on Michigan Lottery Offer to see full offer terms and conditions.

Prizes, Awards, and Odds

The minimum guaranteed jackpot in Lotto 47 is 1 million dollars. If the jackpot isn’t won for the respective drawing, the sum will continue increasing. The jackpot increases by an increment of 100,000 dollars each time there’s no winner. The odds of getting all 6 of the required numbers correct are 1 in 10,737,573.

Match Odds
6 1 in 10,737,573
5 1 in 43,649
4 1 in 873
3 1 in 50

The biggest jackpot ever reached 23.5 million dollars in the spring of 2008, and the average jackpot for the game is 3.73 million dollars. The smallest jackpot of 1 million dollars has been won a total of 61 times. The newest 1 million jackpot to be won fell in May 2016,

Apart from the top prize tier, Lotto 47 Michigan gives players three additional ways to win cash.

The second prize tier is for 5 correct numbers. The odds of getting 5 numbers are 1 in 43,649, and this second tier comes with a guaranteed jackpot of 2,500 dollars. The third prize tier has a guaranteed prize of 100 dollars for 4 correct numbers. The odds of getting this amount are 1 in 873. The lowest prize tier is reserved for the people with 3 correct numbers, and the prize they’ll get is 5 dollars.

As already mentioned in one of the previous sections, activating the EZMatch options provides additional opportunities to win prizes. The prizes vary from 2 to 500 dollars. The odds of winning 500 additional dollars on top of the main prize tiers are 1 in 84,000.

The overall odds of winning any prize in Lotto 47 are 1 in 47. The overall odds of winning any EZMatch prize are 1 in 5. This is one of the main reasons why paying one more dollar to activate the possibility makes a lot of sense for the overwhelming majority of people that play this Michigan lottery.

Some Information for Winners

Prizes that reach up to 600 dollars can be obtained immediately from any licensed retailer. The state has more than 11,000 licensed retailers, making it easier for winners to get their cash from a convenient location.

Prizes that don’t exceed 50,000 dollars can be redeemed at a regional Michigan State Lottery office. Some banks have also partnered up with the organization to simplify the process of paying out awards.

Jackpot winners have to make their claim at the Michigan State Lottery headquarters in Lansing. A valid ID and a social security number will be required. Winners can choose between a cash payment and annuity payments. The annuity payments are provided over a period of 30 years, while a cash lump sum will give winners access to approximately 50 percent of the advertised jackpot. Winners have 60 days to decide which payment method they prefer.

Now we need to discuss a topic that’s not so pleasant – taxes. Prizes of up to 600 dollars aren’t reported to the IRS. Prizes in the 601 to the 5,000-dollar range are reported to the IRS, but taxes aren’t going to be withheld. Sums over 5,000 dollars will be subjected to a 25 percent federal tax and a 4.25 percent state tax. Non-US residents that live in Michigan and win the lottery will be subjected to a 30 percent federal tax.

Can You Buy Lotto 47 Tickets Online?

Michigan residents aged over 18 can buy tickets online from the official Michigan State Lottery website or the official smartphone app. Residents of other states and people living in other countries, however, cannot buy online tickets.

Read Lotto 47 review before playing it online and consider what lottery players say about it. Submit your feedback and let the world know.

Michigan Lotto 47 Prizes

Michigan Lotto 47 has a minimum starting jackpot of $1 million and there are four prize tiers available for matching three or more numbers.

The overall odds of winning are approximately 1 in 47, and the odds of winning in each prize tier are shown below:

Numbers Matched Odds of Winning Prize
6 1 in 10,737,573 Jackpot (minimum $1 million)
5 1 in 43,649 $2,500
4 1 in 87 $100
3 1 in 50 $5

Double Play Prizes

There are also four prizes to be won in Double Play, a supplementary game which can be entered in-store for an additional $1 per line. The same numbers you pick for Lotto 47 will be entered into Double Play, which takes place immediately after the main game. Double Play numbers also range between 1 and 47, so the same number may appear in both draws.

You must match three or more numbers to win. The jackpot is worth $1.5 million and all other prizes are doubled from the main draw. Jackpot winners can choose to take their prize as annuity payments spanning 30 years, or as a one-off lump sum. The odds of winning are the same in both games, and the Double Play prizes available are shown below:

Numbers Matched Prize
6 $1.5 million
5 $5,000
4 $100
3 $10

EZmatch Prizes

Paying an extra $1 will allow you to enter EZmatch to be in with a chance of instantly winning up to $500. EZmatch numbers are always displayed on the lower part of your Michigan Lotto 47 ticket, and you can win the advertised prize if any of the Lotto 47 numbers you have picked match the EZmatch numbers shown. There are 11 prize tiers overall, and the odds of winning are shown below:

Prize Odds of Winning
$500 1 in 84,000
$250 1 in 42,000
$100 1 in 14,000
$50 1 in 4,942
$20 1 in 2,100
$15 1 in 1,293
$10 1 in 132
$5 1 in 280
$4 1 in 77
$3 1 in 14
$2 1 in 10

Biggest Jackpot

The highest Lotto 47 jackpot ever won was $23.5 million on Saturday 1st March 2008, claimed by an anonymous winner who bought their ticket at Little Mac Beer & Wine, 28480 Little Mack Ave., St. Clair Shores.

Michigan Lotto 47 prizes are available for matching three or more prizes. Find out the odds of winning the MI Lotto jackpot or EZmatch prizes and get details of the biggest Michigan Lotto 47 jackpot winners. ]]>