Welcome Guest
Log In | Register )
You last visited December 7, 2016, 7:02 pm
All times shown are
Eastern Time (GMT-5:00)

Some people think $20 is too much for lottery ticket

Topic closed. 31 replies. Last post 10 years ago by basha12.

Page 2 of 3
PrintE-mailLink
fbird's avatar - nw archer.jpg
White Lake,Mi
United States
Member #1495
May 12, 2003
5546 Posts
Offline
Posted: December 4, 2006, 7:26 pm - IP Logged

Yeah that would just TICK me off lmao Ours is at least 5 Mill and I think there is a 6 5 Mill winners I think and then alot more of the mill and so on  yeah would be MAD Angry at those chances there  .. Ya want me to send ya some Windfalls that we got? Lol

Michigan scratch offs STINK!!!! for $20 they payout $2 million...bought 1 once and got my money back...WOW!!! the raffle here pays out in annuity...what a bunch of greedy suckers at the ole MSL.. they even have $10 tickets that offer $1 million and are paid out in annuity...LOL

VAL

Don't walk behind me; I may not lead. Don't walk in front of me: I may not follow.

Just walk beside me and be my friend.

          Albert Camus

    TheGameGrl's avatar - character catafly.jpg
    A long and winding road
    United States
    Member #17084
    June 10, 2005
    4526 Posts
    Offline
    Posted: December 4, 2006, 8:58 pm - IP Logged
    Prize Amount Winners per
    500,000 Tickets
    $500
    500
    $25,000
    10
    $100,000
    5
    $1,000,000
    4
     Total
    519

     

    The above table list the distribution of prizes and cash amounts.  It doesnt indicate anywhere that $500 million in prizes are being disbursed. 

    Staying focused on the topic will hope those who are interested in learning the stats along with the overall odds. Ya gotta play to win!

    To some folks in New Jersey it is alot of money to lose. Its all on how you see it. I personally see it as an opportunity to win! To each their own though.

    ~~Is it true, Is it kind,Is it necessary. ~~~

     Thanks be to the giving numbers: 1621,912,119 02014

      Avatar

      United States
      Member #1826
      July 11, 2003
      2645 Posts
      Offline
      Posted: December 4, 2006, 9:04 pm - IP Logged

      $20 is too much when the odds of getting something back hover around 1 in 1,000.

      (insert signature here)

        Avatar

        United States
        Member #972
        December 30, 2002
        465 Posts
        Offline
        Posted: December 4, 2006, 9:58 pm - IP Logged

        I think it's is too much for a lottery ticket and if everyone agreed with me anything above $1 would stay on the shelf and these games would all lose money.  But apparently 500,000 people think $20 is just fine to spend on a single lottery ticket, so the marketplace has spoken.

          justxploring's avatar - villiarna
          Wandering Aimlessly
          United States
          Member #25360
          November 5, 2005
          4461 Posts
          Offline
          Posted: December 4, 2006, 10:15 pm - IP Logged

          I agree that $20 a pop is a lot of money. This is an interesting thread, since it really wasn't mentioned when we were discussing the Florida raffle.  I almost bought a few, but I waited too long.  All the hype finally got to me and I even had the money in my wallet ready to play, but they sold out very quickly. But I also kept thinking that if I didn't hit anything, losing $40 or $60 dollars on one game would be too much.  The odds were advertised as "the best ever" because 10 people will win a million on New Year's Day.  However, since they are selling $1,250,000 tickets, 1,249,990 people won't be that lucky!  I hope members who bought them like Floridian or DoubleDown win, but we'll probably never hear about it.  Suddenly they'll disappear from LP and we'll all wonder "what ever happened to......?"

            johnph77's avatar - avatar
            CA
            United States
            Member #2987
            December 10, 2003
            832 Posts
            Offline
            Posted: December 4, 2006, 11:20 pm - IP Logged

            Most of the states selling these "raffle" tickets have had no problem selling out the entire subscriotion. And every one I've seen so far has had the payout percentage right at 50%.

            Blessed Saint Leibowitz, keep 'em dreamin' down there..... 

            Next week's convention for Psychics and Prognosticators has been cancelled due to unforeseen circumstances.

             =^.^=

              emilyg's avatar - cat anm.gif

              United States
              Member #14
              November 9, 2001
              31351 Posts
              Offline
              Posted: December 4, 2006, 11:24 pm - IP Logged

              ga. sales slow - expect they'll pick-up right before xmas.

              love to nibble those micey feet.

               

                                           

                justxploring's avatar - villiarna
                Wandering Aimlessly
                United States
                Member #25360
                November 5, 2005
                4461 Posts
                Offline
                Posted: December 4, 2006, 11:36 pm - IP Logged

                ga. sales slow - expect they'll pick-up right before xmas.

                I'll keep my fingers crossed for you, Emily!

                  mylollipop's avatar - Trek STLOGO6.png

                  United States
                  Member #24380
                  October 21, 2005
                  623 Posts
                  Offline
                  Posted: December 5, 2006, 9:02 am - IP Logged

                  Justxploring, that is an interesting thought/question?  How many LP members would leave after a big win?  I thought to myself, venture over, at least you are playing with better odds and I did.  I am headed to Philly and NJ in a couple of days, wish I could get a ticket for ya...but we are in no club...and you know how that goes. LOL!

                  Suddenly they'll disappear from LP and we'll all wonder "what ever happened to......?"


                    United States
                    Member #379
                    June 5, 2002
                    11296 Posts
                    Offline
                    Posted: December 5, 2006, 9:43 am - IP Logged

                    Michigan scratch offs STINK!!!! for $20 they payout $2 million...bought 1 once and got my money back...WOW!!! the raffle here pays out in annuity...what a bunch of greedy suckers at the ole MSL.. they even have $10 tickets that offer $1 million and are paid out in annuity...LOL

                    Do you know if the top prizes in the Michigan raffle have a cash option? AFAIK all other lottery raffles are lump sum.

                      curt777's avatar - pacman
                      Palatine, IL
                      United States
                      Member #734
                      September 24, 2002
                      61 Posts
                      Offline
                      Posted: December 5, 2006, 10:55 am - IP Logged

                      Illinois currently has 5 different ten dollar cards with million dollar prizes and one $20 card with a $2 million prize. 

                      The tens suck, but believe it or not, the 20's actually aren't that bad.  I've gotten 2 $400's, a $200, and about 6 $100's and many $50's on it.  They really fly off the shelves too.  Obviously, not many people around Chicago have an issue with the price of the 20 card.  Sometimes when I want one, they're sold out in less than a day.  60 card packs of them.  And the $2 million is one lump sum, not annuity so that's cool. 

                      -Curt Little Lotto King  Banana

                        Avatar
                        NY
                        United States
                        Member #23835
                        October 16, 2005
                        3474 Posts
                        Offline
                        Posted: December 5, 2006, 3:40 pm - IP Logged

                        $20 is too much when the odds of getting something back hover around 1 in 1,000.

                        For anybody with a lick of sense it isn't just how much the ticket costs and the odds. The potential winnings are  just as important. You'd be a moron if you thought $20 was too much to spend for a 1 in 1000 chance of winning a million bucks, but you'd be an even bigger fool if you bought a $1 ticket with a 1  in 5 chance of winning $1.

                          Avatar
                          Coastal Georgia
                          United States
                          Member #2653
                          October 30, 2003
                          1866 Posts
                          Offline
                          Posted: December 5, 2006, 4:44 pm - IP Logged

                          I agree that $20 a pop is a lot of money. This is an interesting thread, since it really wasn't mentioned when we were discussing the Florida raffle.  I almost bought a few, but I waited too long.  All the hype finally got to me and I even had the money in my wallet ready to play, but they sold out very quickly. But I also kept thinking that if I didn't hit anything, losing $40 or $60 dollars on one game would be too much.  The odds were advertised as "the best ever" because 10 people will win a million on New Year's Day.  However, since they are selling $1,250,000 tickets, 1,249,990 people won't be that lucky!  I hope members who bought them like Floridian or DoubleDown win, but we'll probably never hear about it.  Suddenly they'll disappear from LP and we'll all wonder "what ever happened to......?"

                          Thanks JXP...

                          If I win I will definitely tell you all.

                          I promise...Wink

                          DD

                           

                                                         

                                        

                           

                           

                            awwcrap's avatar - moon
                            ky
                            United States
                            Member #37768
                            April 19, 2006
                            90 Posts
                            Offline
                            Posted: December 5, 2006, 8:42 pm - IP Logged

                            20 dollars for a shot to be rich,,,hell no.  You be better off buying essentials like food, medicine, gas and new package of boxerbriefs....even though 20 won't go far today,  but it does help to buy important stuff etc etc.Hippy

                              SassyOhio's avatar - Picture012
                              Columbus Ohio
                              United States
                              Member #35946
                              March 25, 2006
                              234 Posts
                              Offline
                              Posted: December 6, 2006, 12:51 pm - IP Logged

                              Justxploring, that is an interesting thought/question?  How many LP members would leave after a big win?  I thought to myself, venture over, at least you are playing with better odds and I did.  I am headed to Philly and NJ in a couple of days, wish I could get a ticket for ya...but we are in no club...and you know how that goes. LOL!

                              Suddenly they'll disappear from LP and we'll all wonder "what ever happened to......?"

                              Shoot, I would come in and let ya all know after all we would have a to have a LP to celebrate!! Party

                              Hopin To Be The Lucky Ones!!

                              COME ON MEGA! MEGA-ME-RICH!

                               

                              Please feel free to visit my sisters memorial page that I have now completed

                              www.freewebs.com/wendyinmyheartforever