Massachusetts State Lottery’s New $50 Scratch Ticket Now On Sale
BOSTON, MA (February 8, 2023) — The Massachusetts State Lottery has officially launched its most expensive scratch-off ticket. The $50 instant “scratch” ticket ‘Billion Dollar Extravaganza’ offers over $1 billion in total winnings and features the largest instant win prize in Mass Lottery history, $25 million.
The Billion Dollar Extravaganza ticket went on sale Tuesday, it includes three $25 million prizes, five $2 million prizes and 15 $1 million prizes. With an overall prize payout of 82.0 percent, Billion Dollar Extravaganza will deliver the highest payout percentage of any game ever offered by the Mass Lottery. The odds of winning a prize in the new game are 1 in 4.10.
“As the Lottery’s 50th-anniversary celebration approaches the end, what better time to introduce the $50 ticket to begin our next 50 years!” said State Treasurer Deborah B. Goldberg, Chair of the Massachusetts State Lottery Commission. “Our customers had been requesting this ticket for some time. After careful consideration, the Lottery has what we believe will provide them with the entirely new level of excitement they have been seeking.”
With a print run of 30.2 million tickets, sales from the new $50 Billion Dollar Extravaganza game are expected to exceed $1.5 billion, giving it the potential to generate over $150 million in net profit. Lottery profits are returned to all 351 cities and towns in Massachusetts in the form of unrestricted local aid.
The highest-priced instant ticket currently available in Massachusetts is $30, a price point that was introduced in 2014. Massachusetts will join more than a dozen other U.S. lotteries in offering a $50 ticket.
“Billion Dollar Extravaganza is the result of extensive research and testing over the course of several years,” said Mark William Bracken, Interim Executive Director of the Mass Lottery. “With an unprecedented top prize of $25 million and a number of ‘best ever’ features, this ticket gives customers a value consistent with its price point.”
Billion Dollar Extravaganza presents its players with the best chance to win $500 and $1,000 prizes in Mass Lottery history, and all winning tickets total $100 or more. Each ticket in this key number match style game contains 10 “Winning Numbers” and 35 “Your Numbers.” If one or more of the “Your Numbers” match the “Winning Numbers,” the player wins the corresponding amount. There are also multiplier symbols ranging from 5X to 500X in the “Your Numbers” spots that multiply winning combinations. Three Bonus spots give players the opportunity to automatically win $100, $500, or $1,000.
The game will feature 10-second chance drawings, allowing players to enter non-winning tickets for opportunities to win cash prizes ranging from $100 to $50,000. In each of the 10 drawings, 15 $50,000 prizes, 10 $1,000 prizes, 75 $500 prizes, and 300 $100 prizes will be awarded.
The Mass Lottery introduced the world’s first instant ticket product, a $1 ticket named The Instant Game, in May of 1974 – a move that revolutionized the industry and established Massachusetts as a lottery innovator.
Since selling its first ticket on March 22, 1972, the Mass Lottery has generated over $143 billion in revenues, awarded over $100 billion in prizes, returned over $31 billion in net profit to the Commonwealth for unrestricted local aid, and paid over $8 billion in commissions and bonuses to its statewide network of retailers.
SOURCE: WBZ News Radio / Massachusetts State Lottery.Tags: Massachusetts State Lottery, Billion Dollar Extravaganza, Mark William Bracken, Deborah B. Goldberg, $50 scratch-off ticket