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Three states replacing Lotto South game

Lotto SouthLotto South: Three states replacing Lotto South game

Like a tired mule whose best days are behind him, Lotto South is being retired and a fresh workhorse brought in to pick up the production.

The three-state lottery game, which began in September 2001, will be replaced next month by a new game that pays winners $1,000 a week for the rest of their lives, Virginia Lottery interim executive director Donna M. VanCleave said Thursday. Virginia's Lotto South partners, Kentucky and Georgia, also will participate in the new "Win For Life" game.

Lotto South is the descendant of Virginia's pick-six Lotto game, which began in January 1990. The games have sold more than $2.5 billion in tickets and paid more than $1.7 billion in jackpot prizes in Virginia, but player interest has waned in recent years, VanCleave said.

"Lotto was a great game for us," she said. "We sold lots of tickets and had lots of winners, but over time it just became a little stale."

She said Lotto sales peaked at $292 million in 1992. Lotto South sales in Virginia last year fell to $66.7 million as more players were enticed by the huge jackpots offered by the 12-state Mega Millions drawing and the slick marketing of instant scratch-off tickets. Georgia sold $67.4 million and Kentucky $17.6 million in Lotto South tickets last year.

Win For Life is similar to Lotto, which requires players to choose six numbers from a pool of 44. Here's how the new game will work:

Players will try to match six numbers correctly, from one to 42. Anyone who picks all six will win $1,000 a week for life, with at least 10 years of payments guaranteed to winners or their heirs. Winners also may choose a lump sum of $520,000 before taxes.

But unlike Lotto, a seventh "free ball" will be drawn from the remaining numbers after the first six are drawn to help determine the amount of lower-level prizes. Those prizes will range from $2 for players who match two of the first six plus the free ball, to $52,000 for those who match five of six plus the free ball.

VanCleave said the Virginia Lottery learned through focus groups that the prospect of lifetime income supplement appeals to people regardless of age.

"They said they think they'd play it at least as much as Lotto South if not more," she said. "It's not a life-changing type product, but it could make things a little nicer."

The odds of winning the top prize also are better — one in 5.2 million, compared to one in 14 million for Lotto South.

VanCleave said lagging Lotto South sales weren't the only reason the timing was right to make the change. North Carolina is starting its own lottery in April year, providing competition along the state line where the Virginia Lottery has enjoyed some of its strongest sales.

"With North Carolina coming on board this spring, this will give us an interesting product," VanCleave said.

Win For Life tickets will go on sale Feb. 26 with the first drawing held March 1. Drawings will be held on Wednesday and Saturday nights.

AP

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10 comments. Last comment 11 years ago by NoCompLotto!.
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LOTTOMIKE's avatar - cash money.jpg
Tennessee
United States
Member #7853
October 15, 2004
11338 Posts
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Posted: January 12, 2006, 7:17 am - IP Logged

time will tell if they made the right choice with this game.i would probably play it if it were here in tennessee......

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    Coastal Georgia
    United States
    Member #2653
    October 30, 2003
    1866 Posts
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    Posted: January 12, 2006, 8:38 am - IP Logged

    As said here before, win for life is too gimmicky for me.

     

                                   

                  

     

     

      Tang's avatar - abstract
      Atlanta, Georgia
      United States
      Member #465
      July 9, 2002
      2212 Posts
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      Posted: January 12, 2006, 9:18 am - IP Logged

      My dad was talking with me about this and I just thought he got his info wrong but now I see he was right. Yes, time will tell about this new game.

      Don't forget to flip those 6's/9's.

        Tnplayer805's avatar - G 14_v78828750_Small.JPG
        North Dakota
        United States
        Member #13397
        April 5, 2005
        1623 Posts
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        Posted: January 12, 2006, 9:35 am - IP Logged

        I would play for the better odds myself.Big Smile

        How are you going to win if you don't play?

          Avatar
          Alabama
          United States
          Member #17830
          June 27, 2005
          309 Posts
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          Posted: January 12, 2006, 10:06 am - IP Logged


          "It's not a life-changing type product, but it could make things a little nicer"...

          " Anyone who picks all six will win $1,000 a week for life, with at least 10 years of payments guaranteed to winners or their heirs. Winners also may choose a lump sum of $520,000 before taxes..."


          If a player chooses $1,000 a week for life, I wonder how the taxes will be handled. If taxes aren't automatically withheld from every check, I would guess that the player would be responsible for making quarterly tax payments to the IRS and their state department of revenue. I wouldn't want that headache.

          Of course, I'd take the cash option - IF I play the game. I may play a little (very little), but I'll save the bulk of my lottery budget for pick 5 games.

           

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            Todd's avatar - Cylon 2.gif
            Chief Bottle Washer
            New Jersey
            United States
            Member #1
            May 31, 2000
            23277 Posts
            Online
            Posted: January 12, 2006, 11:34 am - IP Logged

            As said here before, win for life is too gimmicky for me.

            I Agree!  I personally like Lotto South a lot, and wish they'd put some marketing muscle behind it, instead of punting it.

             

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              Avatar
              IL
              United States
              Member #15146
              May 10, 2005
              103 Posts
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              Posted: January 12, 2006, 6:11 pm - IP Logged

              1 in 5 million chance of winning and all you get is a cash value of 520 thousand, or 52 thousand a year for life.  You would have to stay alive for 40 years  just to make 2 million dollars. I'd stick with pick six with a rolling jackpot, my states pick six jackpot is 20 million with a 1 in 10 million chance of winning,  double the odds for 40 times more money should be a easy choice.

                Avatar

                United States
                Member #434
                June 30, 2002
                675 Posts
                Offline
                Posted: January 12, 2006, 10:48 pm - IP Logged


                "It's not a life-changing type product, but it could make things a little nicer"...

                " Anyone who picks all six will win $1,000 a week for life, with at least 10 years of payments guaranteed to winners or their heirs. Winners also may choose a lump sum of $520,000 before taxes..."


                If a player chooses $1,000 a week for life, I wonder how the taxes will be handled. If taxes aren't automatically withheld from every check, I would guess that the player would be responsible for making quarterly tax payments to the IRS and their state department of revenue. I wouldn't want that headache.

                Of course, I'd take the cash option - IF I play the game. I may play a little (very little), but I'll save the bulk of my lottery budget for pick 5 games.

                Anything over $601 has to have federal withholding taken out.

                But let's say it wasn't and you did have to make quarterly payments to the IRS. You say it would be a headache to get a weekly check, do some simple math (subtraction), sign your name, and slap a stamp on an envelope?

                Heck, you have to just about do that to pay your electric bill!

                  vincejr's avatar - wallace
                  Somewhere in VA
                  United States
                  Member #1944
                  July 29, 2003
                  130 Posts
                  Offline
                  Posted: January 12, 2006, 11:09 pm - IP Logged

                  If they run this game like they have run the scratch-off Win for Life games, even though the prize is "$1,000 a week for life", the payments are actually made quarterly. Doing it this way simplify's the tax withholding as well as saves the state money as 4 checks cost a heck of a lot less to print and mail than 52 checks.

                    Avatar
                    Louisville, KY
                    United States
                    Member #15734
                    May 20, 2005
                    203 Posts
                    Offline
                    Posted: January 14, 2006, 12:34 am - IP Logged


                    "It's not a life-changing type product, but it could make things a little nicer"...

                    " Anyone who picks all six will win $1,000 a week for life, with at least 10 years of payments guaranteed to winners or their heirs. Winners also may choose a lump sum of $520,000 before taxes..."


                    If a player chooses $1,000 a week for life, I wonder how the taxes will be handled. If taxes aren't automatically withheld from every check, I would guess that the player would be responsible for making quarterly tax payments to the IRS and their state department of revenue. I wouldn't want that headache.

                    Of course, I'd take the cash option - IF I play the game. I may play a little (very little), but I'll save the bulk of my lottery budget for pick 5 games.

                    Anything over $601 has to have federal withholding taken out.

                    But let's say it wasn't and you did have to make quarterly payments to the IRS. You say it would be a headache to get a weekly check, do some simple math (subtraction), sign your name, and slap a stamp on an envelope?

                    Heck, you have to just about do that to pay your electric bill!

                    On the taxes... it's anything over $5,000 where withholding is required. If you took the lump sum, then your taxes (but not your full liability) would be immediately taken out, but assuming you did actually get a check every week, the lottery is not required to withhold anything from them unless you direct them to. Anything won over $600 is when you have to pay taxes.