Meadowlands Racing & Entertainment is giving one lucky fan a chance to win $1 million in its first ever Million Dollar Ball Drop.

Guests can sign up every live racing night from May 2 - July 11. The Ball Drop will take place on Friday, July 25.

Each guest is allowed one entry per person, per live race day. After the close of entries, 500 names will be randomly selected and assigned a numbered golf ball.

During live racing on July 25, 500 numbered golf balls will be dropped from the top of a fire truck ladder onto a target area in the infield of the racetrack. If the golf ball closest to the target hole matches the pre-selected number in the sealed envelope, that guest wins $1 million.

However, if the ball dropped closest to the target area does not match the pre-selected number, the guest still wins a 1st Place Prize of $5,000.00.*

Prizes will also be awarded for the next 24 closest golf balls to the target hole as follows:

2nd Place: $3,000

3rd Place: $1,500

4th Place: $1,000

5th Place: $500

6th - 15th Place: $100

16th - 25th Place: $50

Complete Million Dollar Ball Drop rules and regulations can be found at playmeadowlands.com.

(Meadowlands)