Daily Grand Review
How would you like to be given 1,000 dollars per day for the rest of your life? If you’re already eager to find out how to become so lucky, you’re just like us. And while inheriting your rich aunt’s funds is something that could happen to you only in movies, Canada’s Daily Grand is something that happens in real life.
The lottery lures players with promises of getting some funds on a daily basis, for the rest of their life. Is this really so? Let’s find out.
Daily Grand: Introduction
Daily Grand is a relatively new addition to the pool of legitimate lotteries that Canadians can play. The first drawing took place on October 20, 2016. Currently, Daily Grand is run by the Interprovincial Lottery Corporation and it isn’t available in Atlantic Canada. An extension is expected during 2017.
Daily Grand may be a baby in the lottery world, but it’s gotten popular quickly. The affordable ticket prices and the incredibly lucrative jackpot are two of the reasons why it appeals to Canadians. In addition to the top prize, Daily Grand features a number of additional awards that shouldn’t be ignored either.
Is Daily Grand a Scam?
For most people, getting a thousand dollars for free every single day sounds too good to be true. This is why some concerns may arise about the legitimacy of Daily Grand. We can assure you, however, that the lottery is completely legitimate.
Daily Grand is one of the games in the portfolio of the Interprovincial Lottery Corporation (ILC), an entity that’s owned jointly by five provincial lottery commissions in Canada. ILC was set up in 1976 and some of the games in its portfolio include Lotto 6/49, Lotto Max, Celebration and Millionaire Life.
Each of the provincial lottery commissions is responsible for the management of games in its jurisdiction. This is why you’ll come across multiple Daily Grand websites. The one we’ve linked to is the official Ontario website because it features the most comprehensive details.
How to Play Daily Grand
For a chance to ensure your bright future and become a millionaire, you’ll have to pick 5 main numbers from a pool of 49 and an additional number in the range from 1 to 7. Get all of them correct and you’ll win the Daily Grand Jackpot.
Each submission costs 3 dollars and there are 2 drawings per week – one on Monday and an additional one on Thursday.
Apart from choosing only 6 numbers, you can also play with combinations in an attempt to increase your odds of winning. A Combo 5 option is available and this one will cost 21 dollars per drawing. A more expensive ticket like this one, however, gives players the chance to claim multiple prizes per the same drawing.
Prizes and Odds
The odds of claiming the grand prize are 1 in 13,348,188. In this instance, a player will be entitled to the jackpot of 1,000 dollars per day. Some players may want to get a lump sum. This option is available. If this is the player’s preference, they’ll receive 7 million dollars.
|Numbers Matched||Odds of Winning|
|5/5 + Bonus||1 in 13,348,188|
|5/5||1 in 2,224,698|
|4/5 + Bonus||1 in 60,674|
|4/5||1 in 10,112|
|3/5 + Bonus||1 in 1,411|
|3/5||1 in 235|
|2/5 + Bonus||1 in 101|
|1/5 + Bonus||1 in 19.7|
|0/5 + Bonus||1 in 12.3|
Daily Grand has already produced a number of top prize winners, regardless of the fact that it’s still a relatively new game. The newest winner is Pragnesh Saija who hit the jackpot on February 6, 2017. The father of two opted for the lump sum payment, receiving 7 million dollars on the day before his birthday. The lucky winner said that he’d use a portion of the money to buy a first family home for his loved ones.
But wait, this isn’t everything when it comes to Daily Grand Prizes. The second award is also quite juicy! People who get the 5 main numbers correct will win 25,000 dollars per year for the rest of their life. The odds of this happening are 1 in 2,224,698. If they opt for a lump sum payment, the amount will be 500,000 dollars.
Four correct numbers and the bonus one will produce a prize of 1,000 dollars. Four correct numbers lead to a prize of 500 dollars and 3 correct numbers, plus the bonus will contribute to a 100 dollar payout. Awards are also available for 3 correct numbers (20 dollars), 2 correct numbers and the bonus (10 dollars), 1 correct number and the bonus (4 dollars) and a correct bonus number (a free ticket).
The overall odds of winning a prize in Daily Grand are 1 in 6.8 – quite impressive, we’d say.
Some Information for Daily Grand Winners
As already mentioned, the winners will have to figure out whether they’d like to receive the top and the second prize as annuity payments or a lump sum. All prizes have to be claimed within 12 months of the draw date. Players have 60 days to decide whether they want a lump sum or an annuity payment.
When annuity payments are chosen, they will be true for life prizes. This means that the younger a player is, the more money they’ll receive. Daily Grand doesn’t set an upper limit on the amount that a player is entitled to.
If there’s more than one jackpot winner, the annuity payment option is not going to be available. Instead, the multiple winners will split the 7 million dollars between themselves.
Daily Grand prizes of up to 50 dollars can be claimed at any authorized retail venue. If the cash is available, retailers have the prize to pay up to 999.90 dollars. Larger prizes should be claimed from the office of the respective provincial authority.
All lottery prizes in Canada are free from taxation.
Can You Buy Daily Grand Tickets Online?
International players who are in Canada can play Daily Grand and claim prizes. This fun game, however, isn’t available to international players who live in other countries and would like to purchase their tickets online.
The Bottom Line at Daily Grand OLG
Daily Grand is a really fun game and we do envy all of you Canadian folks! Let’s sum up all of the lottery’s advantages:
This is a national game organized by an official entity
There are 2 drawings per week
The top two prizes are quite different from what other lotteries have to offer, making the game a lot of fun
There are both lump sum and annuity payment options
The odds of winning a prize in Daily Grand are excellent
Lottery players in Canada are exempt from income taxation
These are all lovely perks, but the shortcomings of the game will also have to be examined:
There’s no online ticket buying option for international players to benefit from
Tickets can be seen as somewhat expensive in comparison to what other national lotteries have to offer
While the odds of winning a prize are great, the lower prize tiers aren’t particularly impressive
There isn’t an awful lot of negative information about Daily Grand and we can conclude confidently that it’s an exciting game. While ticket prices are a bit high, the top awards will definitely justify the expenditure. Good luck!