Weekly Grand Review
What do you feel about getting 1,000 dollars per week for an entire year? The idea is great, isn’t it? If only someone were to create such an opportunity… Well, we’re here to tell you that someone already has. This someone is Idaho Lottery and the opportunity is called Weekly Grand.
Idaho Weekly Grand: A Brief Overview
Weekly Grand is a fun lottery format that doesn’t hand out one massive lump sum as a jackpot. Rather, the game produces a top prize of 1,000 dollars per week over the course of one year. Weekly Grand is the creation of Idaho Lottery and the first drawing took place in August 2011.
With excellent overall odds and spectacular odds for winning the jackpot, the game has managed to acquire a lot of popularity over the 6 years of its existence. If you’re lucky enough to currently live or reside in Ohio, you should definitely give it a try.
Is Weekly Grand a Scam?
We often feel that opportunities that seem too good to be true probably are. This isn’t the case with Idaho Weekly Grand. The opportunity is a completely legitimate one and the game does make it possible for players to receive lovely sums for the duration of an entire year.
Weekly Grand is one of the newest inclusions in the portfolio of Idaho Lottery. Idaho Lottery was set up in 1989 and it’s run by the state government. The primary purpose of the organization is to support charitable causes. All funds generated through ticket sales, 50 percent is dedicated to public school development.
Idaho Lottery has a number of games in its portfolio. A few of the most prominent options include Wild Card, Hot Lotto, Pick 3, Bingo, Lucky for Life, Mega Millions and Powerball.
So, Weekly Grand is not a scam and the lottery delivers exactly what it promises to. If a massive jackpot handed out as a lump sum is not your thing, this lottery offers a nice alternative.
How to Play Weekly Grand?
Playing Weekly Grand is incredibly simple. For a start, you have to choose the weekly drawing that you want to participate in – the Wednesday or Saturday one. A single entry into the lottery will cost you 2 dollars.
For a chance to win the annual jackpot, you’ll have to pick 5 numbers in the range from 1 to 32. In order to win the jackpot, players should match all 5 numbers for the respective drawing.
Prizes and Odds
The odds of winning the Weekly Grand jackpot are 1 in 201,376 – pretty impressive for a game that has such a juicy jackpot. As already mentioned, the jackpot consists of 1,000 dollars per week for the duration of an entire year. After taxes, this adds up to a total sum of 52,000 dollars.
|5||1 in 201,376|
|4||1 in 1,492|
|3||1 in 57|
|2||1 in 7|
If there are multiple winners for the respective drawing, the jackpot is divided equally among all of the participants.
People who match 4 numbers win a prize of 200 dollars. The odds of this happening are 1 in 1,492. Matching 3 numbers produces a prize of 25 dollars and the odds are 1 in 57. The ones who match 2 correct numbers will win a free Weekly Grand ticket.
The overall odds of winning a prize in the Idaho Weekly Grand are 1 in 6.12 – they rank among the best odds for getting a prize out of all state lotteries in the US.
Apart from these opportunities, Weekly Grand made yet another winning option available. Once a month, all players who have a non-winning ticket can enter it in a second chance game provided via the Idaho Lottery VIP Club website. The top prize is 100 dollars per week for a period of 1 year (a total of 5,200 dollars after taxes).
Some Information for Winners
Both residents and people who live in the state of Idaho can claim prizes of 599 dollars or less at any licensed retail venue. Alternatively, players can either mail the ticket to the Idaho Lottery headquarters or visit the office personally. A claim form will have to be printed and filled out prior to receiving the funds.
A claim form is mandatory for all the prizes of 600 dollars or more.
If a player wins 600 dollars or more, Idaho Lottery is obliged by law to report the prize to the IRS. Both a state and a federal tax will apply. The federal tax is 25 percent (30 percent for non-US citizens) and the Idaho state tax is 7.4 percent. These two amounts will be withheld before a player is handed their prize.
Can You Buy Weekly Grand Tickets Online?
Idaho Weekly Grand is a state lottery, which means that it can’t be played by people living in other states or in another country. If you want to buy your ticket, you’ll have to be currently in Idaho. Currently, there’s no online ticket buying opportunity for Idaho Weekly Grand.
The Bottom Line at Idaho Weekly Grand
Idaho Weekly Grand impresses with a cool format that makes it different from the other state lotteries. A few of this lottery’s biggest advantages include the following:
A legitimate opportunity that’s organized by a state lottery
A relatively low ticket price
Weekly Grand features 2 drawings per week
The jackpot is paid out over the course of an entire year
The odds of winning the jackpot and the lower prizes are spectacular
There’s a second opportunity for the people who own a non-winning ticket
Some of the funds generated through ticket sales go to support educational opportunities in the state
All of these features are great, but we’ll also have to mention the shortcomings in order to make the review 100 percent unbiased:
Weekly Grand is only available on the territory of Idaho, you can’t buy tickets online
The lower prize tiers aren’t particularly impressive
Both state and federal taxes apply to the lottery prizes
As far as disadvantages go, there aren’t that many. The lovely odds and the fun top prize format make Weekly Grand different and worth trying. Chances are that you’ll enjoy it a lot, especially if you’re not looking for a massive jackpot in the million-dollar range.