Players of Michigan Lottery games must be 18 years or older to buy or redeem tickets, which can be purchased at almost 11,000 retailers throughout the state. Minors cannot buy tickets, but they can win prizes, which will be paid to the minor's guardian.
In the 2009 fiscal year Michigan lottery sold $2.38 billion in tickets, of which $1.4 billion was returned to players in the form of prizes, and $724.5 million was generated for the state's School Aid Fund.
Prizes of $600 and less can be redeemed at any Michigan Lottery retailer, and while most will happily pay out your prize, you should know that they are under no legal obligation to do so. Prizes up to $50,000 can can be claimed any of the lottery offices, located in Detroit, Lansing, Saginaw, Grand Rapids, Sterling Heights and Dearborn Heights. Some banks in the Northern Lower Peninsula and the Upper Peninsula will also pay out your claim, check with the Michigan Lottery for a list of participating banks. For prizes $50,000 and above you must visit the head office in Lansing. Some Michigan Lottery prizes can be claimed by mail, to do so you'll need to complete and post a Ticket Receipt Form with your ticket, along with a copy of your Social Security card and a valid picture identification. Be sure to sign the back of your ticket, and for your records keep a copy of the front and back of all documents you send.
Winners have 1 year after the date of the draw in which to make their prize claim. Unclaimed cash prizes are transferred to the School Aid Fund.
Prizes are not exempt from Federal tax, and by law, for prizes more than $5,000 Michigan Lottery must withhold 25% for Federal Income taxes. Additionally, for prizes over $5,000, 4.35% State Tax is withheld.