Colorado’s New Lottery Game Could Pay You $1 Million Every Year

How great would it feel to make an average of $480 per hour at a 40-hour-per-week job? I don't know about you, but I would feel pretty amazing. Especially if I didn't have to work one bit to bring in that paycheck.

For those of you who do not want to add that hourly wage over the course of a year, it is $1 million. The Colorado Lottery will debut a new game on Sunday, February 22, and if you hit the jackpot, you could win $1 million every year, for life.

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The new game is called Millionaire For Life and will replace the Lucky For Life lottery in a national contest. Millionaire For Life will be a daily draw with a chance to win it big.

What Are the Odds of Winning?

The odds of actually winning the jackpot and scoring $1 million per year for life are steep, at 1 in 22.9 million. However, if you are feeling lucky, it could pay off big time.

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Think about it, if you actually won the grand prize, you and your family certainly would never have the need to work again. On the other hand, I think I would want to keep a job, because if I didn't, I would be spending a lot of money trying to keep myself busy day in and day out.

There’s a Second Chance to Win Big

Millionaire For Life also offers a second chance to win the $ 100,000-a-year-for-life prize, even if you don't win the jackpot. Both the grand prize and the secondary prize can be awarded as an annuity or as a one-time cash payout. For more information on the new lottery game, Millionaire For Life, see coloradolottery.com.