Last I heard there were about 3,000 lifetime license holders, but I know a few who don't actually hunt anymore.
I believe there are going to be 87,000 permits issued for general deer.
3000/87000= 3.45% of the tags go to lifetime license holders. Not a very big chunk. Youth need to get out there, so they will do okay on 20%, and those that don't draw can try the normal draw with everyone else.
The way I understand the process is that the lifetime guys will get first pick. Traditionally they have taken tags close to home. Of course you would want to hunt the southern units every year if the guy across the street waits 3-6 years for the same tag. Supply and demand often drives desire.
The lifetime license guys really need to watch out through. If they all flock to just a few units the state will set a cap on each unit and make them draw the tag they want. They will all get a tag, but maybe not where they want to hunt.
I wish my dad would have got me a tag when they sold them. He almost sold out truck to get one, but my mom put down her foot.