Cowboy Draw Review
Ready for your best shot, cowboy? Ok, this pun may not be the best one out there, but it gives you some idea about the topic of discussion. Wyoming has a fun little state lottery called Cowboy Draw and it’s unique in a couple of ways. If you’re lucky enough to live in this state, you may as well test your chance to win the jackpot.
Cowboy Draw: A Brief Overview
Cowboy Draw is one of the newest additions to the Wyoming Lottery family. The first drawing took place in March 2015 and the game has been a hit ever since.
One of the cool specifics of the game is that a single ticket comes with 2 sets of numbers. Said in simple terms, you get two chances to win a prize with every single ticket that you buy. The game also has a minimum guaranteed jackpot – the amount can’t fall under the sum of 250,000 dollars.
Is Wyoming Cowboy Draw a Scam?
The newest lottery in Wyoming is far from a scam. Regulated and operated by a state entity, the game gives you a certain opportunity to win some legitimate cash.
Wyoming Lottery or Wyoming Lottery Corporation (WyoLotto) was established in July 2013. This is when the agreement was signed, enabling the state entity to create lottery games and sign agreements with other state lottery operators.
What’s interesting is that Wyoming is one of the few states that prohibit the sale of scratch cards and other instant win games. The same rules apply in just one other state – North Dakota.
In 2015, Wyoming as a state is expected to earn revenue of approximately 9 million dollars as a result of the WyoLotto operations.
The WyoLotto portfolio features multiple other games on top of Cowboy Draw. These include Lucky for Life, Mega Millions and Powerball. In fact, Cowboy Draw is the only game offered in the state that isn’t a multi-state lottery.
Apart from being responsible for fair drawings and adequate presentation of the results, WyoLotto also gives back to the local community. As already mentioned, the lottery generates some money that goes towards the state budget. Revenue exceeding 6 million dollars is submitted to the Wyoming Permanent Land Fund’s Common School Account.
What does this all of this information mean to you as a player? It signifies that Cowbow Lotto is completely legitimate and regulated by state laws. You can play confidently without worrying about losing the money or never seeing the promised prize.
How to Play Cowboy Draw?
To play Cowboy Draw, choose 5 numbers from a pool of 45. Remember, each playslip gives you a chance to submit 2 sets of numbers. For optimal chances, fill out both. The results from these 2 give you a bigger number of chances to win.
Drawings took place two times per week – each Monday and Thursday.
Cowboy Draw tickets are sold at licensed retail venues throughout the state. You can either submit your own numbers or opt for the quick pick option. In the second instance, the numbers will be generated automatically and randomly for you.
Prizes and Odds
Cowboy Lotto has a minimum guaranteed jackpot of 250,000 dollars. If there’s no winner for the respective drawing, the sum will roll over towards the next one. The odds of winning the Cowboy Lotto jackpot are 1 in 610,879.75.
|5||1 in 610,879.75|
|4||1 in 3,054.65|
|3||1 in 78.57|
|2||1 in 6.44|
|Overall||1 in 5.98|
The biggest jackpot in the history of the game fell in September 2015. It had reached the unexpected high sum of 1,000,022 dollars. After taxes, the lucky winner received 975,000 dollars. The winning ticket was purchased on a “fatal” date – September 13.
The second biggest jackpot in the history of the game is 628,630 dollars. This nice sum fell on April 16, 2015.
Apart from the jackpot, Cowboy Draw features 3 additional prize tiers that produce cash prizes. Players who match 4 correct numbers will win a prize of 1,000 dollars. The prize for matching 3 numbers is 20 dollars. The lowest prize is awarded to players who get 2 numbers correct and its size is 5 dollars.
The overall odds of winning a prize in Wyoming’s Cowboy Lotto are 1 in 6 – pretty impressive odds in comparison to what multi-state lotteries have to offer.
Some Information for Winners
People who win prizes of up to 599 dollars can claim the sum from any authorized retail venue. Prizes that are 600 dollars or more can be claimed solely at the WyoLotto headquarters in Cheyenne.
It’s also possible to make a claim via mail. In this instance, download the Winner Claim Form from the WyoLotto website, fill it out and submit the letter to the address of the Wyoming Lottery headquarters.
All winners have the right to maintain their anonymity, regardless of the amount that they’ve just snatched.
Wyoming is a great place for winning a lottery prize. It’s one of the few in the country that doesn’t charge a state tax on lottery prizes. There will be a federal income tax that totals 25 percent of the amount for US citizens and 30 percent for non-US citizens who win Cowboy Draw.
All of the prizes are paid out in the form of a single lump sum.
Can You Buy Cowboy Draw Tickets Online?
Wyoming’s Cowboy Draw is an in-state lottery. This means that tickets can be purchased by all individuals over the age of 18 who live or are currently located in Wyoming. Unfortunately, online ticket buying options from out the state aren’t currently available.
The Bottom Line at Wyoming Cowboy Draw
Cowboy Draw has many nice characteristics that make the game worth a try. While the tickets are a bit expensive, the shortcoming is offset by the relatively high odds of winning a prize. The complete set of Cowboy Draw perks is listed below:
The game has 2 drawings per week – Monday and Thursday
There’s a minimum guaranteed jackpot of 250,000 dollars
The jackpot will roll over if there’s no winner
The jackpot is paid out in the form of a cash lump sum
Each Cowboy Draw ticket features 2 sets of 5 numbers, increasing the odds of winning
There are 3 prize tiers on top of the jackpot
Wyoming doesn’t charge a state income tax on lottery prizes.
Yes, the game is a great one. Now that you’ve taken a look at the list of the pros, let’s examine a few of the Cowboy Draw shortcomings:
The minimum guaranteed jackpot isn’t that impressive (it’s best until it rolls over a couple of times)
The lower prizes aren’t massive
A single ticket costs 5 dollars – more than other state-based lotteries
Online ticket buying options aren’t available
In essence, your preferences and goals will help you determine whether Cowboy Draw is worth a try. The game is still a baby, but it’s already acquired a big number of fans. With excellent odds of winning, Cowboy Draw deserves a chance. Buy your own ticket, test your luck and who knows – this may be your chance to become at least a little bit richer.