Cash4Life – Maryland Lottery (2024)

FAQs

Has anyone ever won cash for life in Maryland? ›

Winning $1,000 A Day for Life Pushes Maryland Cash4Life Player into Retirement. “Lucky Winner,” a longtime Maryland Lottery player, plans to retire in coming weeks, thanks to a $1,000 a Day for Life prize he scored in the Feb.

The approximate overall probability of winning is 1 in 8.

In some cases fixed prizes may be paid on a pari-mutuel basis and will be lower than these published prize levels.

Before calculating the odds for the different prize levels, calculate the total number of combinations possible for each portion of the CASH4LIFE draw. Thus, there are 5,461,512 different ways in which 5 numbers can be chosen from a total of 60 unique numbers.

How to Win. Every night, five balls from 1 to 60 and one Cash Ball from 1 to 4 will be drawn. You win a prize by matching some or all of the numbers drawn, as shown in the Cash4Life Prize Structure. You can only win once per game.

Since the game began in June 2014, Cash4Life has had 15 top-prize winners and 22 second-tier winners. The second-tier prize offers players the option of $1,000 a week for life, paid in annual installments of $52,000, or a one-time payment of $1 million.

To secure the top prize – a daily or weekly cash payout for life – players must overcome the odds of matching all five main numbers and the Cash Ball. These odds are typically steep, often in the realm of 1 in 21 million, a testament to the exclusivity and magnitude of the prize.

In the game, a player selects five numbers from one to 60, and also a Cash Ball from one to four. The price per ticket is $2. The top prize is $1,000 a day for life or $7 million cash value and the second prize is $1,000 a week for life or $1 million cash value.

Cash4Life top prize: Is it really for life? Yep! So long as you pick the annuity option, paid in annual installments of $365,000. The minimum annuity period for the Cash4Life payout is 20 years.

The overall odds of winning are approximately 1:7.76. The prize pool is 55 percent of sales. † The top two annuitized prizes, third prize, and the $1,000 Doubler NJ prize each have a liability limit.

As is stated on the Cash4Life website: 'Top Prize is payable as a for-life annuity (minimum of twenty years) of 365,000 dollars per year or a one-time lump sum payment at the election of the winner. The amount of the lump sum payment is equal to the estimated cash required to purchase the annuity.

Do seniors pay taxes on lottery winnings in MD? ›

Yes, all gambling winnings are taxable in Maryland. That applies to winnings from casinos, lottery, horse racing betting, and sports betting.

All Maryland Lottery retailers are authorized to redeem winning tickets with a value up to and including $600. To claim a winning ticket with a value larger than $600, you must present proof of your Social Security number or Federal Tax ID number and a photo ID to prove that you are at least 18 years old.

Monies in the State Lottery Fund are deposited into the Maryland Stadium Facilities Fund, the Maryland Veterans Trust Fund, and the Baltimore City Public School Construction Financing Fund.

Virginia Beach man wins $1 million playing Cash4Life online

The Virginia Beach man matched the first five winning numbers. That gave him the choice of either $1,000 every week for the rest of his life or a one-time cash option of $1 million. He chose the cash option.

Cash4Life gives you seven chances a week to win $365,000 ($1,000 a day) or $52,000 ($1,000 a week) a year for the rest of your life! Drawings are held every day at 9 pm.