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Kentucky Lottery raffle tickets now on sale
Kentucky Lottery raffle tickets now on salePosted: 1/2/2007 3:06:50 PM  Sales of Kentucky Lottery Corp.'s new game called "Million Dollar Draw," for which only 500,000 tickers will be sold at $10 each, went on sale yesterday. Once all of the tickets, which each contain a unique six-digit number, have been sold, the Kentucky Lottery will publicly announce the date and time of the drawing, according to lottery officials. Players may not choose their own numbers. A random number generator will select 734 winning numbers. Computerized drawings have been the subject of intense criticism from lottery players worldwide, but mainly when they are used to draw traditional lotto-style games as part of a regular drawing schedule. Using computerized drawings for special one-time games does not draw the same level of scrutiny from players, due to lower risk of systematic hacking. The first two numbers drawn will win the top prize of $1 million; the next two numbers drawn will win $50,000; the next 30 numbers drawn will win $10,000; and the next 700 numbers drawn will win $500. Odds of winning a $1 million prize are 1 in 250,000. Odds for the other prizes are 1 in 250,000 for a $50,000 prize; 1 in 16,667 for a $10,000 prize; and 1 in 714 for a $500 prize. The full list of drawing results will be posted on Lottery Post's Kentucky Lottery Results page soon after the drawing takes place. Source: Lottery Post Staff
CA United States Member #3044 December 10, 2003 738 Posts Offline |
| Posted: January 2, 2007, 3:57 pm - IP Logged |
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Quick calculations - $5M in, $2.75M out, payout percentage 55% - better than other jurisdiction's usual 50%. Blessed Saint Leibowitz, keep 'em dreamin' down there.....
Next week's convention for Psychics and Prognosticators has been cancelled due to unforeseen circumstances.
=^.^=
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United States
Member #380
June 5, 2002
11297 Posts
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| Posted: January 2, 2007, 3:59 pm - IP Logged |
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Quick calculations - $5M in, $2.75M out, payout percentage 55% - better than other jurisdiction's usual 50%. That's if the KY raffle million-dollar prizes are cash. Michigan's raffle had annuity prizes.
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California United States Member #47277 October 1, 2006 270 Posts Offline |
| Posted: January 2, 2007, 4:29 pm - IP Logged |
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That's if the KY raffle million-dollar prizes are cash. Michigan's raffle had annuity prizes. Cash Only...in checking out the KY lottery web site there is NO mention of an annuity for the top prizes.
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Holt MI United States Member #2283 September 4, 2003 52 Posts Offline |
| Posted: January 2, 2007, 7:22 pm - IP Logged |
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Well I won't kick an annuity of of bed if I win tomorrow night. I'd just sell her on the street corner, and pay the AMT instead of waiting 20 years to collect. 
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United States
Member #49086
January 3, 2007
15 Posts
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| Posted: January 3, 2007, 8:45 pm - IP Logged |
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KY lottery said in an e-mail that the top prize is paid out in one payment!
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Columbus Ohio United States Member #36345 March 25, 2006 234 Posts Offline |
| Posted: January 4, 2007, 4:29 pm - IP Logged |
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Hmmmmm Going to get some PB this weekend I think that I might have to get me just one !!!!
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United States Member #4494 April 22, 2004 995 Posts Offline |
| Posted: January 5, 2007, 9:13 pm - IP Logged |
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That's if the KY raffle million-dollar prizes are cash. Michigan's raffle had annuity prizes. KLC spokesperson Chip Polston said today in an interview on WHAS Radio 84 that the $1,000,000 prizes are cash prizes.
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Milan Tn. 4 now United States Member #48716 December 18, 2006 22 Posts Offline |
| Posted: January 7, 2007, 5:12 pm - IP Logged |
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went and got 9 more tickets today cashier said about 90 thousand tickets left
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United States
Member #49086
January 3, 2007
15 Posts
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| Posted: January 8, 2007, 12:04 pm - IP Logged |
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That Cashier was wrong. As of this morning, 145,742 have been sold, a far cry from the statement that only 90K tickets are left. They will only sell 500K of them.
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