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Christopher Cassel, of Fowlerville, won $250,299 after he was selected in a random drawing that took place April 10, the Michigan Lottery said in a press release.
It was the first time he'd played the $20 Fast Cash game. The series of instant win games print from terminals at retailers and range in price from $2 to $20 per play, according to the Michigan ...
Terminal-based games commenced on June 6, 1977, when the Daily 3 game was introduced. The first "Michigan Lotto" game was introduced on August 13, 1984. The first The Big Game (now Mega Millions) ticket was sold on August 31, 1996. Since its commencement, the Michigan Lottery has donated more than $27 billion to the School Aid Fund.
The winning ticket, with numbers 13-26-34-37-48, was sold at the Sunoco gas station at 45471 Ryan Road in Shelby Township.
In gambling terminology lottery payouts are the equivalent of RTP (Returns To Players). A lottery operator's gross margin is 100% minus RTP. In the US, large lottery winnings generally are advertised as an annuity amount, paid in 20 or more installments; in most cases, a cash option is available. The cash option in the US can be 40–60% of the ...
An Oakland County man who never scratches the prize amounts on winning Michigan Lottery instant games had no idea he had a ticket worth $4 million sitting in a drawer — for months.
The modern lottery industry is highly complex, offering a zoo of products that are designed and administered with the aid of computers (cash games with a drawing, instant scratch-off games, video lottery games, keno), and the sales of all of these tickets add up to a staggering yearly figure: $80 billion.
A cash crop, also called profit crop, is an agricultural crop which is grown to sell for profit. It is typically purchased by parties separate from a farm . The term is used to differentiate a marketed crop from a staple crop ("subsistence crop") in subsistence agriculture , which is one fed to the producer's own livestock or grown as food for ...