The New Jersey Lottery & other sources have reported that the popular Cash4Life Lottery game will be ending. The last drawing will be Saturday February 21, 2026.
It will be replaced by an identical game called Millionaire for Life. The two tiers of prizes will be $1 Million a year for life, and $100,000 a year for life.
The cost for each M4L ticket will be $5.
The first drawing is Sunday February 22, 2026.
Be Wary !!!
Below is a screenshot of the Powerball website taken on Friday October 6, 2023.
If you look at the Estimated Jackpot and Cash Value, you will see that Powerball reduced the estimated Cash Value from $643.7 Million to $614.0 Million.
Since the Annuity Jackpot remains at $1.40 Billion, the discount yield increases to 5.212%, up from 4.87%.
While the estimated yield increase is justified considering the U.S. Treasury Market conditions, we believe that Powerball should have kept the Cash Value at $643.7 Million and increased the Jackpot Value to $1.467 Million instead.
For documentation, the screenshot below is from the Texas Lottery website, showing the original Cash Value set.
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