Iowa Millionaire for Life Prizes & Odds

    Every prize and the odds of winning it on one play.

    Odds of winning any prize: 1 in 8.47. The top two prizes are paid yearly for life, for at least 20 years, or as one cash payment.

    Match 5 + Millionaire Ball$1M/Year/LifeOdds to win: 1 in 22,910,580
    Match 5$100K/Year/LifeOdds to win: 1 in 5,727,645
    Match 4 + Millionaire Ball$7,500Odds to win: 1 in 86,455
    Match 4$500Odds to win: 1 in 21,614
    Match 3 + Millionaire Ball$250Odds to win: 1 in 1,663
    Match 3$50Odds to win: 1 in 416
    Match 2 + Millionaire Ball$25Odds to win: 1 in 97.8
    Match 2$8Odds to win: 1 in 24.45
    Match 1 + Millionaire Ball$8Odds to win: 1 in 15.65

    3.8% state tax is withheld from prizes over $600, plus 24% federal tax from prizes over $5,000. What a prize pays after taxes

    Reviewed by Bishop Woosley, former Director of the Arkansas Scholarship Lottery and NASPL President.

    You can't change Millionaire for Life's odds.
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    What a win pays after taxes, where to cash it, and other games’ prizes.

    Frequently Asked Questions

    Answers about Iowa Millionaire for Life prizes and odds

    How much does Iowa Millionaire for Life pay?
    On a $5 play, Match 5 + Millionaire Ball wins $1M/Year/Life (odds 1 in 22,910,580). Match 5 wins $100K/Year/Life (1 in 5,727,645), Match 4 + Millionaire Ball $7,500 (1 in 86,455), Match 4 $500 (1 in 21,614), Match 3 + Millionaire Ball $250 (1 in 1,663), Match 3 $50 (1 in 416), Match 2 + Millionaire Ball $25 (1 in 97.8), Match 2 $8 (1 in 24.45) and Match 1 + Millionaire Ball $8 (1 in 15.65).
    Do you win anything with 1 number on Iowa Millionaire for Life?
    Not without the Millionaire Ball: you need 2 numbers, which wins $8. With the Millionaire Ball, 1 number wins $8.
    What are the odds of winning Iowa Millionaire for Life?
    The odds of winning any prize are 1 in 8.47. Match 5 + Millionaire Ball wins $1M/Year/Life, odds 1 in 22,910,580.
    Are Iowa Millionaire for Life winnings taxed?
    Iowa taxes lottery winnings at 3.8%. 3.8% state tax is withheld from prizes over $600, plus 24% federal tax from prizes over $5,000.
    How do you claim Iowa Millionaire for Life winnings?
    Claim an Iowa Lottery prize $600 or less at any retailer, a regional office or the Iowa Lottery Main Office in Clive, over $600 to $250,000 at a regional office or the Iowa Lottery Main Office in Clive and over $250,000 at the Iowa Lottery Main Office in Clive, within 180 days of the drawing. Prizes up to $250,000 can be claimed by mail.

    Still have questions? Email our support team

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