INDIANAPOLIS (WISH) – The Hoosier Lottery is confirming details of a new multi-state game called the Monopoly Millionaires Club.
It promises to produce more millionaires.
It is based on a weekly drawing that is similar to Powerball and Mega Millions with key differences. First, tickets cost $5 compared to $1 and $2 for the other games.
The top prize is $25 million and a weekly drawing could produce as many as 10 additional $1 million dollar winners.
Ticket sales and drawings will begin in mid-October and then in February, there will also be a national game show. Billy Gardell of “Mike and Molly” will host the show in Las Vegas and hand out additional prizes. 20 states are taking part in the new game.
The hope is that better odds of winning a million dollar prize will be more attractive than the huge jackpots in other games.
“This is also something that attracts people in focus groups that say we aren’t always for the biggest jackpot and one winner,” said Lottery Director Sarah Taylor. “We like the idea of a top prize where more than one person can be a millionaire, possibly, and so I think that’s an attractive key point.”
It is part of an overall effort to increase lottery profits. Lottery revenues topped $1 billion dollars for the first time in the fiscal year that ended July 1. However, that was still below the goal set by GTECH, the new private operator of the lottery.