What is the jackpot amount of The Ohio Lottery “Classic Lotto”?
Record Jackpots… The largest jackpot won by a Classic Lotto player has been $24.6 million, which occurred on July 2nd 2008. The average jackpot paid out by Ohio’s Classic Lotto is $7.8 million. How Are Jackpots Paid? As an Ohio Lottery Classic Lotto jackpot winner, you would have a choice in how you are able to receive your winnings. You could choose to have either a single cash lump sum payment or an annuity prize. Should you win the lottery jackpot with Classic Lotto and choose to receive an annuity as opposed to a lump sum, the winnings would be paid to you in 30 annual installment payments over a 30 year period. In terms of value, if you chose to take the cash lump sum payment as a Classic Lotto jackpot winner, you would receive 50% of the annuity value that you would be paid in installments over the 30 year period. The rules with any of the Ohio Lottery games mean that you need to claim your prize within 180 days of the draw taking place. If choosing to receive the cash lump sum o
(1) Game rule number fifty-three is a lottery game of the type generally known as a number match game. (2) Each ticket in game rule number fifty-three shall be imprinted with one set of six unique numbers from the set of integers one through forty-nine inclusive, as determined by the choice of the ticket purchaser or the auto lotto feature of the on-line gaming computer system, and recorded on the ticket at the time of purchase. Tickets purchased in game rule number fifty-three are automatically deemed by the on-line gaming system to reflect payment of the grand prize jackpot in thirty annual installments. As set forth in paragraph (H)(2) of this rule, at the time of claim, any grand prize jackpot prize winner(s) shall have sixty calendar days from the date of the presentation for payment of their valid claim to the Ohio lottery commission, to opt for a discounted cash value lump sum known as the “cash option.” All other prizes in game rule number fifty-three shall be paid out in a lum
If you are a gambler in the Buckeye State you have two options for big bucks. The Mega Millions is grabbing all the attention with a whopping $325 Million jackpot but odds of cashing the big ticket stand at 175 Million-1 to claim the big prize. A better bet would probably to play the Ohio Lottery Classic Lotto which has odds of just under 14 Million to 1. The Classic Lotto currently has a jackpot of just over $36 Million. The Mega Millions lottery, which is a multi-state lottery, will be drawn on Friday night at 11 pm. The Ohio Lottery Classic Lotto will be drawn on Saturday evening at 7:30 pm. Sources: http://www.clevelandleader.
