You’ve been playing the lottery for years. Sometimes, you win a few dollars here and there. But you’ve never taken home that big jackpot. Have you ever wondered what would happen if you died, what would happen to your annual lottery payments? Or if there’s a guarantee that you’ll get paid every year? Is it true that you are more likely to hit two holes in one in a golf game, than win the big lotto prize? Below are answers to some questions you may have wondered about the lottery, or maybe not. Either way, they are interesting and fun facts you probably didn’t know.
Q: Are you more likely to make two holes in one in a round of golf than win the lottery?
A: Yes!! In fact, there are lots of things that are more likely to happen than win the lottery. You’re also more likely to win an Academy Award, find a four-leaf clover and get a royal flush dealt on your first poker hand. Does that mean you shouldn’t play? Of course not, it just means that the odds are pretty long.
Q: What happens if I take my prize in an annuity and I die? Will my heirs get my payments?
A: The good news is yes! Your estate will continue to receive what ever payments are due to you. The bad news of course, is you’re no longer alive!
Q: If I use a Quick Pick to select my numbers, can someone else get the same numbers?
A: Yes! It’s a common misconception that any Quick Pick numbers you get are you unique to you. Because the numbers are randomly generated, there is no way of preventing duplicate tickets from being issued. You may want to choose some other method of randomly picking numbers.
Q: If I choose to get my payments as an annuity, is there a guarantee that I will get paid? Could the state or lottery go bankrupt?
A: The jackpot money is used to purchase guaranteed government-backed securities, such as T-Bills. These securities are purchased for a 30-year period, or whatever the payout period is. So, it is highly unlikely that your jackpot money will be lost.
Q: Is there such thing as free lotto or lottery?
Yes, right here at RewardIt! When we launch, we’ll be offering $1,000, $5,000 and even $10,000 FREE lotto that you can play every day. Make sure you are notified of our launch, by entering to win $1,000 today!