Wild Card (lottery)

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Wild Card (for part of its history Wild Card 2) was a lottery game that was available in Idaho, Montana, Nebraska, North Dakota, and South Dakota, although at no point did the five lotteries offer it simultaneously. The game was administered by the Multi-State Lottery Association (MUSL), which is best known for Mega Millions and Powerball. Wild Card (2) was drawn Wednesdays and Saturdays until February 24, 2016.

Idaho Lottery organization

The Idaho Lottery, which began on July 19, 1989, is run by the government of Idaho. It is a member of the Multi-State Lottery Association (MUSL). Fifty percent of all net funds is given to public schools, while the remainder is pledged to the Permanent Building Fund, which is used as a financial resource for the state's colleges and universities.

The Montana Lottery is run by the government of Montana. It is a member of the Multi-State Lottery Association (MUSL). The Montana Lottery's portfolio consists of scratch tickets, plus Mega Millions, Powerball, Hot Lotto, Wild Card 2, and Montana Cash.

The Nebraska Lottery is run by the government of Nebraska. It was established by the state legislature in 1993. It is a member of the Multi-State Lottery Association (MUSL). Its games include Mega Millions, Powerball, 2by2, Nebraska Pick 5, Pick 3, and MyDaY.

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The original version of the game began in 1998; it was known as Wild Card, and lasted 15 months; it was played in Idaho, Montana, Nebraska, and South Dakota. The game's format was changed, with a "2" added to the name, in May 1999; Nebraska dropped out upon the format change. North Dakota joined in 2004.

South Dakota State of the United States of America

South Dakota is a U.S. state in the Midwestern region of the United States. It is named after the Lakota and Dakota Sioux Native American tribes, who compose a large portion of the population and historically dominated the territory. South Dakota is the seventeenth largest by area, but the fifth smallest by population and the 5th least densely populated of the 50 United States. As the southern part of the former Dakota Territory, South Dakota became a state on November 2, 1889, simultaneously with North Dakota. Pierre is the state capital and Sioux Falls, with a population of about 187,200, is South Dakota's largest city.

In late 2015, the "2" was dropped from the name, although the game itself was not altered.

Format

Under the game's most recent format, whose first drawing was on January 16, 2013, players got two games for each $1 wagered; games had to be played in pairs. Each game was played in the same manner as Mega Millions or Powerball; five numbers from 1 through 33 were selected. The sixth "number" was actually 1 of 16 representations of playing cards: a Jack, Queen, King, or the Ace of any of the four suits: clubs, hearts, diamonds, or spades. (The previous version drew from 31 numbers, but from the same number of "Wild Cards.")

Jack (playing card) playing card

A jack or knave is a playing card which, in traditional French and English decks, pictures a man in the traditional or historic aristocratic dress generally associated with Europe of the 16th or 17th century. The usual rank of a jack, within its suit, plays as if it was an 11. As the lowest face card, the jack often represents a minimum standard — for example, many poker games require a minimum hand of a pair of jacks in order to continue play.

Queen (playing card) playing card

The queen is a playing card with a picture of a woman on it. In many European languages, the king and queen begin with the same letter so the latter is often called dame (lady) or variations thereof. In French playing cards, the usual rank of a queen is between the king and the jack. In tarot decks, it outranks the knight which in turn outranks the jack.

King (playing card) playing card

The king is a playing card with a picture of a king on it. The king is usually the highest-ranking face card. In French playing cards and tarot decks, the king immediately outranks the queen. In Italian and Spanish playing cards, the king immediately outranks the knight. In German and Swiss playing cards, the king immediately outranks the Ober. In some games, the king is the highest-ranked card; in others, the ace is higher. Aces began outranking kings around 1500 with Trappola being the earliest known game in which the aces were highest in all four suits. In the Ace-Ten family of games such as pinochle and schnapsen, both the ace and the 10 rank higher than the king.

All prizes, including the jackpot, were paid in cash. The minimum jackpot was $200,000; it was $100,000 in the previous version.

A progressive jackpot is a jackpot which increases each time the game is played but the jackpot is not won. When the progressive jackpot is won, the jackpot for the next play is reset to a predetermined value, and resumes increasing under the same rule.

In economics and finance, present value (PV), also known as present discounted value, is the value of an expected income stream determined as of the date of valuation. The present value is always less than or equal to the future value because money has interest-earning potential, a characteristic referred to as the time value of money, except during times of negative interest rates, when the present value will be more than the future value. Time value can be described with the simplified phrase, "A dollar today is worth more than a dollar tomorrow". Here, 'worth more' means that its value is greater. A dollar today is worth more than a dollar tomorrow because the dollar can be invested and earn a day's worth of interest, making the total accumulate to a value more than a dollar by tomorrow. Interest can be compared to rent. Just as rent is paid to a landlord by a tenant without the ownership of the asset being transferred, interest is paid to a lender by a borrower who gains access to the money for a time before paying it back. By letting the borrower have access to the money, the lender has sacrificed the exchange value of this money, and is compensated for it in the form of interest. The initial amount of the borrowed funds is less than the total amount of money paid to the lender.

In addition to the jackpot, the other prizes in the 2013-2016 version were:

Among the reasons for the 2013 changes to Wild Card was to attract more American lotteries to the game, although none joined since North Dakota in 2004.

The final drawing for Wild Card was on February 24, 2016. [1]

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References

  1. ↑ "Wild Card Game Page :: South Dakota Lottery" . Retrieved January 21, 2015.
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