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Beware Of The Halloween Millions (Millionaire) Raffle!

Topic closed. 21 replies. Last post 11 months ago by rcbbuckeye.

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realtorjim's avatar - images q=tbn:ANd9GcT7U3t20NgScoPlxOqLT6TR0vQeJNBV3_tTswe1XeFDTsdw3NLZ

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February 27, 2011
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Posted: September 22, 2013, 12:56 am - IP Logged

My curiosity was peaked when I reviewed the payouts for the upcoming INDIANA HALLOWEEN MILLIONAIRE RAFFLE.  A minimum of 2 $1,000,000 prizes will be awarded nationally, and one $50,000 prize awarded to each state that does not have a $1,000,000 winner.  Tickets are $10 each.  Odds are based on number of tickets sold, however odds cannot be given because there is not a limit on the number of raffle tickets that can be sold!  WHAT?  Doesn't a raffle usually consist of a set number of tickets, thus knowing what the odds are before $10 is shelled out per ticket? 

There are 7 states involved with this "raffle".  Of course it is stated "the more tickets sold, the more $1,000,000 prizes available.  Here's what's needed to increase $1,000,000 payouts (had to look at another participating state to find, Indiana does not list it):  "After combined sales of four million dollars ($4,000,000.00) plus one hundred thousand dollars ($100,000) multiplied by the number of participating lotteries minus one hundred thousand dollars, each jurisdiction shall contribute fifty percent (50%) of its sales to the prize pool as needed to fund additional Grand Prizes."  Huh, I must have missed something...   Yep... 4 or 5 paragraphs down... "For each two million dollars in combined sales by the Participating Lotteries beyond the initial [sic] funded four million dollars plus one hundred thousand dollars multiplied by the number of participating lotteries minus one hundred thousand dollars, an additional Grand Prize shall be awarded."  Well, that certainly clears that up! 

The last Indiana raffle paid out 2 $1,000,000 prizes based on 500,000 tickets alone.  This raffle will have raffle tickets with 8 digits... hmmmm 99,999,999 is eight digits!  That's almost like playing a multi-state lottery, not a raffle.  Should you choose to play this game and by chance win, check with your state on when it must be validated!  The drawing is November 01, 2013.  Iowa states "A winning Halloween Millions Raffle ticket purchased in Iowa must be signed and presented to the Iowa Lottery with a completed winner claim form and appropriate tax documentation by 4. p.m. Thursday, January 30, 2014.  Maybe a 90 day claim period increases unclaimed prizes.

I hope my win comes soon, because the odds, they are a changin'!  Rant

    realtorjim's avatar - images q=tbn:ANd9GcT7U3t20NgScoPlxOqLT6TR0vQeJNBV3_tTswe1XeFDTsdw3NLZ

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    February 27, 2011
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    Posted: September 22, 2013, 1:29 am - IP Logged

    My curiosity was peaked when I reviewed the payouts for the upcoming INDIANA HALLOWEEN MILLIONAIRE RAFFLE.  A minimum of 2 $1,000,000 prizes will be awarded nationally, and one $50,000 prize awarded to each state that does not have a $1,000,000 winner.  Tickets are $10 each.  Odds are based on number of tickets sold, however odds cannot be given because there is not a limit on the number of raffle tickets that can be sold!  WHAT?  Doesn't a raffle usually consist of a set number of tickets, thus knowing what the odds are before $10 is shelled out per ticket? 

    There are 7 states involved with this "raffle".  Of course it is stated "the more tickets sold, the more $1,000,000 prizes available.  Here's what's needed to increase $1,000,000 payouts (had to look at another participating state to find, Indiana does not list it):  "After combined sales of four million dollars ($4,000,000.00) plus one hundred thousand dollars ($100,000) multiplied by the number of participating lotteries minus one hundred thousand dollars, each jurisdiction shall contribute fifty percent (50%) of its sales to the prize pool as needed to fund additional Grand Prizes."  Huh, I must have missed something...   Yep... 4 or 5 paragraphs down... "For each two million dollars in combined sales by the Participating Lotteries beyond the initial [sic] funded four million dollars plus one hundred thousand dollars multiplied by the number of participating lotteries minus one hundred thousand dollars, an additional Grand Prize shall be awarded."  Well, that certainly clears that up! 

    The last Indiana raffle paid out 2 $1,000,000 prizes based on 500,000 tickets alone.  This raffle will have raffle tickets with 8 digits... hmmmm 99,999,999 is eight digits!  That's almost like playing a multi-state lottery, not a raffle.  Should you choose to play this game and by chance win, check with your state on when it must be validated!  The drawing is November 01, 2013.  Iowa states "A winning Halloween Millions Raffle ticket purchased in Iowa must be signed and presented to the Iowa Lottery with a completed winner claim form and appropriate tax documentation by 4. p.m. Thursday, January 30, 2014.  Maybe a 90 day claim period increases unclaimed prizes.

    I hope my win comes soon, because the odds, they are a changin'!  Rant

    Just to keep it real I decided to do the math for adding additional Grand Prizes.

    After combined sales of $4,000,000 + ($100,000 * 7) - $100,000 each jurisdiction shall contribute 50% of its sales to the prize pool... And for each $2,000,000 in combined sales by the participating lotteries beyond the initial $4,000,000 + ($100,000 * 7) - $100,000 an additional $1,000,000 grand prize will be added.

    Sooooooo... wouldn't something like this be a little neater?  After initial funding of $4,600,000, for each additional combined sales of $2,000,000 a $1,000,000 Grand Prize will be added.

    Just a thought.

      Avatar
      Kentucky
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      Posted: September 22, 2013, 1:29 am - IP Logged

      According to the Ohio Lottery it's a 50/50 raffle:

      Just like a typical split-the-pot-style raffle, the number of top prizes is entirely up to you! As sales grow, we will continue to add chances for $1,000,000 top prizes.*   So buy early and buy often, if you’d like. Who knows? 

      And they have a slightly different description of the "two $1 million" prizes.

      *There will be two guaranteed $1M prizes. An additional $1M prize will be paid for every additional $2M in sales after the first $4.6M in total combined game sales across all participating states. The $1M prizes will be awarded across all participating states. Any state that does not generate a $1M prize will be guaranteed a $50K prize.

      The "two $1 million" prizes are based on before they sell first $4.6 million in tickets. They probably have a payoff chart based on $4.6 million and add the same amount every time they get another $4.6 million in sales. I believe the eight digit numbers on the tickets actually makes sense if ticket sales exceed $100 million. Might be just wishful thinking, but it's better to be safe than sorry.

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        Columbus,Ohio
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        Posted: September 22, 2013, 1:39 am - IP Logged

        Holy crap statman!!!!
        That's horrifically bad-
        First the language on how they figure the prizes is offensively and purposefully complicated/confusing-
        At the end of the day I'm fairly certain had they said:
        "Mind your own beeswax, we've been screwing you with the odds for years whats with the sudden interest in reading----now go purchase 3 of our lil homegrown raffle u rube"
        but suffice it to say nothing in the "formula" is good for you
        The response would have been similar, that is to say,virtually none at all.
        They've been badly ripping people off for a very long time, it's why the multi-state lotteries are so offensive to me....the payouts are so poor compared to true odds that I get angry every time I look
        At the payout table and see what I win if I get everything but the powerball or 5 outta 6 and the powerball, or just 3 outta 6....I mean seriously, it really is just such a bad ripoff---I play pick3 only, and I only get ripped off by about half what I should win---and that's the best odds to be had--good lord if casinos did things the way the states do, they'd be arrested.....
        So ummmmmmm, yeah.....stay away from this "raffle" lol
        Thanks Jim for looking that up....cuz I will stay away. Like you I thought maybe it was akin to the NYE raffle, but was gonna look at the odds myself. Now I won't bother, so thanks again!!

          realtorjim's avatar - images q=tbn:ANd9GcT7U3t20NgScoPlxOqLT6TR0vQeJNBV3_tTswe1XeFDTsdw3NLZ

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          Posted: September 22, 2013, 1:43 am - IP Logged

          According to the Ohio Lottery it's a 50/50 raffle:

          Just like a typical split-the-pot-style raffle, the number of top prizes is entirely up to you! As sales grow, we will continue to add chances for $1,000,000 top prizes.*   So buy early and buy often, if you’d like. Who knows? 

          And they have a slightly different description of the "two $1 million" prizes.

          *There will be two guaranteed $1M prizes. An additional $1M prize will be paid for every additional $2M in sales after the first $4.6M in total combined game sales across all participating states. The $1M prizes will be awarded across all participating states. Any state that does not generate a $1M prize will be guaranteed a $50K prize.

          The "two $1 million" prizes are based on before they sell first $4.6 million in tickets. They probably have a payoff chart based on $4.6 million and add the same amount every time they get another $4.6 million in sales. I believe the eight digit numbers on the tickets actually makes sense if ticket sales exceed $100 million. Might be just wishful thinking, but it's better to be safe than sorry.

          All the states I looked at have different wording.  Indiana is very vague on language.  Almost like they are trying to promote it as an Indiana game and not a multi-state game (though it is stated, but not obviously).  I would think a promotion of "For every two million in sales an additional $1,000,000 Grand Prize will be added! * would make a huge difference.

          * After initial funding of combined sales of four million dollars ($4,000,000) plus one hundred thousand dollars ($100,000) multiplied by the number of participating lotteries minus one hundred thousand dollars...

            realtorjim's avatar - images q=tbn:ANd9GcT7U3t20NgScoPlxOqLT6TR0vQeJNBV3_tTswe1XeFDTsdw3NLZ

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            February 27, 2011
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            Posted: September 22, 2013, 1:55 am - IP Logged

            Holy crap statman!!!!
            That's horrifically bad-
            First the language on how they figure the prizes is offensively and purposefully complicated/confusing-
            At the end of the day I'm fairly certain had they said:
            "Mind your own beeswax, we've been screwing you with the odds for years whats with the sudden interest in reading----now go purchase 3 of our lil homegrown raffle u rube"
            but suffice it to say nothing in the "formula" is good for you
            The response would have been similar, that is to say,virtually none at all.
            They've been badly ripping people off for a very long time, it's why the multi-state lotteries are so offensive to me....the payouts are so poor compared to true odds that I get angry every time I look
            At the payout table and see what I win if I get everything but the powerball or 5 outta 6 and the powerball, or just 3 outta 6....I mean seriously, it really is just such a bad ripoff---I play pick3 only, and I only get ripped off by about half what I should win---and that's the best odds to be had--good lord if casinos did things the way the states do, they'd be arrested.....
            So ummmmmmm, yeah.....stay away from this "raffle" lol
            Thanks Jim for looking that up....cuz I will stay away. Like you I thought maybe it was akin to the NYE raffle, but was gonna look at the odds myself. Now I won't bother, so thanks again!!

            You are welcome meeeeetoooo.  As you can probably tell, this is one I am staying away from also.  I don't like open odds, especially with a price of $10 a pop.

            Now that I think about it, odds on this game do not really exist since they have made a probability factor impossible to determine.  One can only imagine a possibly factor, or in layman's term... guess.

              helpmewin's avatar - dandy
              u$a
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              Posted: September 22, 2013, 4:12 am - IP Logged

              Pumpkin Buy Your Tickets Early Pumpkin

              Pumpkin More Players 
              Equal 
              More Winners Pumpkin 

              Sales begin in September and will end October 31, 2013.

              The drawing will be held on November 1, 2013.

                               

                sully16's avatar - sharan
                Listens to the wind

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                Posted: September 22, 2013, 8:45 am - IP Logged

                Michigan has a Halloween Raffle, the more tickets that are purchase, the more prizes that will be given out.

                There's only one US Flag

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                  Kentucky
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                  Posted: September 22, 2013, 1:26 pm - IP Logged

                  All the states I looked at have different wording.  Indiana is very vague on language.  Almost like they are trying to promote it as an Indiana game and not a multi-state game (though it is stated, but not obviously).  I would think a promotion of "For every two million in sales an additional $1,000,000 Grand Prize will be added! * would make a huge difference.

                  * After initial funding of combined sales of four million dollars ($4,000,000) plus one hundred thousand dollars ($100,000) multiplied by the number of participating lotteries minus one hundred thousand dollars...

                  This is a true Halloween Raffle because the payoff chart is "trick or treat". The payoffs are pari-mutual meaning for every $4.6 in sales the seven state lotteries will keep $2.3 million and distribute $2.3 million in prizes and because two of the prizes for every $4.6 million in sales is $1 million, only $300,000 will be distributed in secondary prizes.

                  The treat is players are betting $10 to win one of the combined $1 million prizes giving them 1 chance in 230,000 of winning one of the top prizes. The trick is that is basically the only chance of winning anything. The minimum prize is $50,000 or about six tickets for every 230,000 tickets sold. Only eight prizes will be paid for every 230,000 tickets sold. Depending on sales, it possible one of the seven states will have no $1 million winner and may create a problem because one state may have several $1 million winners.

                  Pro and con; it might be the best odds to win $1 million on a $10 wager, but 229,992 tickets out of every 230,000 sold will win nothing. If you have an extra 10 bucks and want to risk it winning $1 million or nothing, this is your game.

                  Some of the states are adding second chance prize promotions for the tickets sold in their state.

                    RedStang's avatar - 20140808 010507Custom_zps4cde8ec4.jpg
                    Dutchess , NY
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                    Posted: September 22, 2013, 3:03 pm - IP Logged

                    Someone has to win so i'm getting  one tic every week.

                      Romancandle's avatar - moon
                      IL
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                      Posted: September 22, 2013, 3:17 pm - IP Logged

                      Which 7 states are participating?  Indiana, Iowa, Illinois, Michigan?  Who else?

                      -RC

                        helpmewin's avatar - dandy
                        u$a
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                        Posted: September 22, 2013, 4:46 pm - IP Logged

                        Which 7 states are participating?  Indiana, Iowa, Illinois, Michigan?  Who else?

                        IA - Halloween Millions Raffle

                        IN - Halloween Millionaire Raffle

                        MI - Halloween Millions Raffle

                        NJ - Halloween Millions Raffle

                        NY - Halloween Millions Raffle

                        OH - Multi-State Millions Raffle

                        OK - National Millionaire Raffle

                                         

                          weshar75's avatar - Lottery-042.jpg
                          Mcminnville, Oregon
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                          Posted: September 22, 2013, 7:02 pm - IP Logged

                          Oregon has its first ever halloween raffle but it is for oregon only and they are only selling 250,000 tickets from september the 8th to october 30th.  The drawing is on october 31st and the tickets are $10 I already got my one ticket.-weshar75

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                            sully16's avatar - sharan
                            Listens to the wind

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                            Posted: September 22, 2013, 7:36 pm - IP Logged
                              Coin Toss's avatar - shape barbed.jpg
                              Zeta Reticuli Star System
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                              Posted: September 23, 2013, 12:27 am - IP Logged

                              realtorjim,

                              From the OP:

                               A minimum of 2 $1,000,000 prizes will be awarded nationally.....

                              If the Indiana lottery site says 'nationally' wouldn't 'statewide for seven states' be more like it? Since when is seven states 'nationally'........

                              When I first read that I thought somehow Indiana was selling raffle tickets nationally.

                              Those who run the lotteries love it when players look for consistency in something that's designed not to have any.

                              Lep

                              There is one and only one 'proven' system, and that is to book the action. No matter the game, let the players pick their own losers.