Cash5 Info
Cash5 Basic Info
The Oklahoma Lottery’s Cash5 game has a maximum jackpot of $25,000 with taxes paid. The actual jackpot amount is $35,211, from that amount is deducted taxes of $10,211 leaving the $25,000 cash payout.
Oklahoma Cash 5 drawings were originally held twice a week on Tuesday and Thursday nights immediately following the Pick 3 drawing.
On July 14th, 2007 Cash 5 drawings expanded to three times a week, with a Saturday night drawing added.
Eventually, Cash 5 was expanded to seven nights a week.
Each Cash5 play costs $1.
Cash5 is played using five white balls, numbered 1 through 36. As with other Oklahoma Lottery games players can either choose their own numbers manually using the official ‘playslip’ or simply let the lottery terminal computer choose their numbers for them.
The odds of any single Cash5 play winning the $25,000 jackpot are 1 in 375,992.
The odds of picking four of the Cash5 numbers correctly are 1 in 2,432.2. Picking four numbers correctly wins a $500 prize.
The odds of picking three of the Cash5 numbers correctly are 1 in 81.1. Picking three numbers correctly wins a $10 prize.
The odds of picking two of the Cash5 numbers correclty are 1 in 8.4. Picking two numbers correctly wins a free Cash5 Easy Pick (computer generated) ticket.
Playslips for Cash5 operate similar to Pick3 playslips in that each play slip can be used for up to five plays for a total cost of $5. Each playslip can be used for up to ten draws. A single playslip Used to the maximum (5 plays times 10 draws) would have a total cost of $50. When using the playslip, players can pick their own numbers of have the lottery terminal computer pick the numbers for them automatically.
An interesting quirk of the Cash5 lottery is that a total of five $25,000 tax-paid jackpots may be won on any single draw night. If six or more players correctly pick the five numbers drawn that night they will share equally a total pre-tax jackpot of $200,000. Since the combined federal and Oklahoma tax rates on lottery prizes is 29% this would mean the winners would share equally a total jackpot of approximately $142,000 after taxes.
