• Cash4Life gives players the chance to pick five numbers from 1 to 60 and one “Cash Ball” number from 1 to 4.
• If a player matches all six numbers, the top prize in Virginia is $365,000 per year for life
• Drawings are held every day at 9 p.m. in Virginia.
Why this matters?
• The payout scheme is particularly notable — instead of a one-time lump sum, the winner receives a guaranteed annual income which can help with long-term planning.
• The odds of winning the top prize remain steep: about 1 in 21,846,048.
• The game also supports public education in Virginia — profits from the Virginia Lottery go to K-12 schools.
What to keep in mind?
While winning is a dream come true, the annual payment setup also means winners should think carefully about taxes, financial planning, inflation, and how best to manage their funds over many years.
Also, a lifetime prize lasts for the winner’s lifetime — and as with any long-term financial product, the actual future value may vary.