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Decent valueActiveKing Cashword · $20 · Michigan Lottery
King Cashword: Decent value. A $20 ticket pays back $15.60 on average.
▼ -0.5 pts vs launch#11 of 17 · $20 MI gamesUpdated Jun 24, 2026, 12:31 PM
▼ -0.5 pts vs launch#11 of 17 · $20 MI gamesUpdated Jun 24, 2026, 12:31 PM
King Cashword is a $20 scratch-off ticket from the Michigan state lottery. Its current expected value is 78.0%, down 0.5 percentage points from the launch value of 78.5%. 1 of the original 3 $1,000,000 top prizes are still unclaimed. Approximately 67% of the 4.6M printed tickets have been sold.
78.0%
expected return
1 in 3.28
odds of any win
1 of 3
$1M jackpots left
67%
claimed · 3.1M of 4.6M printed
Odds, in plain terms
If you bought 100 tickets today
Based on the 461,684 winning tickets still unclaimed.
20 win more than $20
$30 – $200, an actual profit
10 win their money back
a $20 prize, so you break even
70 win nothing
the house edge, made visible
Prizes of $500 or more hit about 1 in 1,224 tickets, so they won't show up in a batch of 100.
Value map
Where the $15.60 comes from
The average payback per ticket, split by prize size. Small wins do most of the work.
Small wins $20 – $500
$14.75 · 73.7% of price
Mid prizes $1K – $5K
$0.19 · 1.0% of price
Jackpots $1M+
$0.66 · 3.3% of price
Realistic return, jackpots set aside
74.7%
Just 1 ticket out of 1.5M carry the $1M+ prizes. This is your expected return if none of them is yours.
Most of the value pays out as
$20 – $500 wins
461,441 winning tickets remain in this range: 95% of total value, and the wins you'll actually see.
Claim progress
67% claimed, and the jackpots are still out there
Counting every ticket since launch, Jun 2025.
4.6M
tickets printed
3.1M
tickets claimed · 67%
1.5M
still out there
Prizes claimed over time
Claim chart needs more snapshot history
Jackpots are outlasting sales: good for buyers.
Jackpots left
33%
Tickets left
33%
33% of top prizes remain with only 33% of tickets left to claim them.
Where to buy
Michigan Lottery
At retailers statewide, or online through Jackpocket. Affiliate link: Scratchstats may earn a commission.
Rank vs $20 MI peers
#11 of 17
By expected return. Higher is better for the player.
Figures from Michigan Lottery published claim data, updated Jun 24, 2026, 12:31 PM.
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