Available at four price points
By Todd Northrop
The Texas Lottery today announced a new series of scratch-off games called Set For Life, offering players the chance to win as much as $5,000 per week for the next 20 years.
The new instant game is actually a series of four related games, each with its own price point and prize structure. The higher-priced games offer the best odds of winning a prize.
Each of the games offers a top prize that pays off a weekly cash amount for 20 years.
"With $1, $2, $5 and $10 games available for play, Set For Life truly offers something for everyone," said Texas Lottery Executive Director Gary Grief. "We expect this to be another successful suite of scratch-off games for the Texas Lottery and look forward to the revenue it will generate for public education."
The new Set For Life games are as follows:
Set For Life $1 game:
- More than $19.5 million in prizes
- Top prize of $500 per week for 20 years
- Five chances to win
- Overall odds of winning any prize are 1 in 4.77 including break-even prizes
Set For Life $2 game:
- More than $39.7 million in prizes
- Top prize of $1,000 per week for 20 years
- 10 chances to win
- Overall odds of winning any prize are 1 in 4.36 including break-even prizes
Set For Life $5 game:
- More than $51.8 million in prizes
- Top prize of $2,500 per week for 20 years
- 20 chances to win
- Overall odds of winning any prize are 1 in 3.81 including break-even prizes
Set For Life $10 game:
- More than $72.5 million in prizes
- Top prize of $5,000 per week for 20 years
- 25 chances to win
- Overall odds of winning any prize are 1 in 3.52 including break-even prizes
How can you be Set For Life if the payout ends at 20 years?
That's what I was wondering.
They already have similar games and one of the very few scratchers I play is Weekly Grand, a $2 ticket. There's also a dollar ticket, a "Weekly Half-Grand" and other, more expensive ones I don't play that also pay weekly. I guess this is just a re-branding of those same games.
Definitely misleading considering the "Set for Life" games in other states are true life annuities with minimum lump sum payouts.
The Texas Lottery arranges an "accident" for you after 19 years!
For me 20 years is about it. That would put me at 81 and if my health is bad it would be time to move on.
Speaking of scratchers, I rarely played them, but lately I've had a little luck with the $5 Break the Bank. Think I'll snag a couple today.
I've played that one, too, but usually just the two dollar one when they don't have a Weekly Grand.
they don't expect you to live that long