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Expensive Michigan Lottery tickets sell-out quickly

Michigan LotteryMichigan Lottery: Expensive Michigan Lottery tickets sell-out quickly
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Pundits who doubted the public's desire for $50 lottery tickets are silenced

Tickets to the Michigan Lottery's most expensive game sold out Wednesday after less than three days on sale.

The lottery's Super Raffle game includes 250,000 tickets sold at $50 each.

Tickets went on sale Monday. Winning tickets are scheduled to be drawn June 18.

Michigan Lottery commissioner Gary Peters said the public was responding to the game's relatively good odds, compared to other lottery games.

The ticket is pricier than other Michigan Lottery games, and the top prize is $2 million. Two ticket holders will win the top prize. Odds of winning are one in 125,000.

Twenty-five ticket holders will get $100,000 each, and 4,500 ticket holders will win $500 each.

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21 comments. Last comment 10 years ago by tnlotto1.
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Louisville, KY
United States
Member #15734
May 20, 2005
203 Posts
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Posted: May 10, 2007, 4:13 pm - IP Logged

I've said it before, and I'll say it again:

$50 is WAAAAY too expensive for a lottery ticket.

I might spend $50 A WEEK, TOTAL for tickets, but all my eggs in one basket all at once is just too unappealing for me.

At these tickets' highest point, they were selling at a rate of over 8,000 PER HOUR!

With the way Michigan's economy is, this state's insatiable desire to get rich quick, and what is happening to this state, I wouldn't doubt a few people missed a payment on a bill to buy one of these. However, as history has shown, that apparently brings you good luck, as a lady from Detroit won $96M on MM by missing her gas bill payment to buy tickets.

Good luck to all who got their hands on one!

    Avatar
    china
    United States
    Member #50326
    March 3, 2007
    33 Posts
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    Posted: May 10, 2007, 4:51 pm - IP Logged

    I've said it before, and I'll say it again:

    $50 is WAAAAY too expensive for a lottery ticket.

    I might spend $50 A WEEK, TOTAL for tickets, but all my eggs in one basket all at once is just too unappealing for me.

    At these tickets' highest point, they were selling at a rate of over 8,000 PER HOUR!

    With the way Michigan's economy is, this state's insatiable desire to get rich quick, and what is happening to this state, I wouldn't doubt a few people missed a payment on a bill to buy one of these. However, as history has shown, that apparently brings you good luck, as a lady from Detroit won $96M on MM by missing her gas bill payment to buy tickets.

    Good luck to all who got their hands on one!

    I agree,in my opinion it is too much for a top prize of 2 mil.I remember the woman from Detroit,the first thing she said she was going to do with her money was pay her gas bill. lol

      Littleoldlady's avatar - basket
      Clarksville
      United States
      Member #487
      July 15, 2002
      17638 Posts
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      Posted: May 10, 2007, 5:16 pm - IP Logged

      I like the odds better ..25 people will win 100,000.00  Many are playing and hoping they hit the 2nd place prizes instead of the 1st or 3rd.  I would buy it..

      If you know your number is going to hit, have patience and then KILL IT!

      You never know when you will get another hit.

        Todd's avatar - Cylon 2.gif
        Chief Bottle Washer
        New Jersey
        United States
        Member #1
        May 31, 2000
        23273 Posts
        Online
        Posted: May 10, 2007, 5:56 pm - IP Logged

        do not agree with the sentiment that $50 is too much.  In fact, the most popular lottery in the world is more expensive -- El Gordo.

        $50 tickets are great for these infrequently-held drawings (i.e., special events).

        In Spain (where El Gordo is held), the expensive tickets are actually broken into 10 parts called Decimas, so that people are able to buy 1-tenth of a ticket (and get 1-tenth of the prize if they win).  So people can opt to either go all-in or part-in.  What a great concept!

        The expensive tickets are also a nice way to form a pool, with everyone rooting for their number to come in.

        I would not be surprised if the tickets become MORE expensive, and the lotteries start offering partial tickets, just like El Gordo.  Why mess with success?

         

        Check the State Lottery Report Card
        What grade did your lottery earn?

         

        Sign the Petition for True Lottery Drawings
        Help eliminate computerized drawings!

          Tnplayer805's avatar - G 14_v78828750_Small.JPG
          North Dakota
          United States
          Member #13397
          April 5, 2005
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          Posted: May 10, 2007, 5:56 pm - IP Logged

          I like the odds better ..25 people will win 100,000.00  Many are playing and hoping they hit the 2nd place prizes instead of the 1st or 3rd.  I would buy it..

          I'm afraid TN will not be doing a raffle again anytime soon given the fact they can't even sell their $10 raffle tickets.

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


            United States
            Member #3676
            February 10, 2004
            425 Posts
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            Posted: May 10, 2007, 7:06 pm - IP Logged

            Wisconsin cant sell their 10 dollar ticket but Michigan sells 50 dollar tickets in three days. It is all about promotion.  I went out of my way to get three of them and I like the fact my odds are 3333 to 1 to hit for 100k. It is only paper!

              liberal47's avatar - Rowlf
              Holt MI
              United States
              Member #2244
              September 4, 2003
              69 Posts
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              Posted: May 10, 2007, 7:13 pm - IP Logged

              This was truly a hot ticket. I got one on the first day, about four hours after they went on sale. I was shocked that they had sold over 60,000 in under 5 hours.  50 bucks seemed like  a lot, but when i looked at the odds of winning, I realized that you won't find better in any lottery game. I got my wife to chip in 25 bucks, and in what I am sure was repeated countless times across the state, we took the plunge. 

              You should have heard the groans from those people who waited too late and regretted it.

              Nothing can change the shape of things to come!

                Think's avatar - lightbulb
                Marquette, MI
                United States
                Member #20541
                August 20, 2005
                705 Posts
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                Posted: May 10, 2007, 9:18 pm - IP Logged

                Wisconsin cant sell their 10 dollar ticket but Michigan sells 50 dollar tickets in three days. It is all about promotion.  I went out of my way to get three of them and I like the fact my odds are 3333 to 1 to hit for 100k. It is only paper!

                IMHO I think there should be a law that on all Michigan tickets that are $30 dollars or more that they should have to advertise how many are going to lose.

                Such as - Odds are 1 in 55 and 245473 out of 250000 tickets will *LOSE* $50 each.

                I don't know how they can sell the fifty dollar tix but they think they cant offer a double jackpot for a dollar extra on the regular jackpot games. I'd pay the optional buck to go for the second jackpot.

                If you check out the federal reserve inflatiorator, 1 buck when the Mich lottery started is about equal to 5 of todays dollars

                  Avatar
                  Louisville, KY
                  United States
                  Member #15734
                  May 20, 2005
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                  Posted: May 10, 2007, 10:04 pm - IP Logged

                  Wisconsin cant sell their 10 dollar ticket but Michigan sells 50 dollar tickets in three days. It is all about promotion.  I went out of my way to get three of them and I like the fact my odds are 3333 to 1 to hit for 100k. It is only paper!

                  Funny thing about this raffle - they did not spend one cent on advertising on TV OR Radio - it was word of mouth and internet advertising that got the word out, on top of all the Club Keno retailer monitors advetrtising it.

                  I realize that some people will spend anything on a chance to make themselves wealthy - I just see it as I, personally, would not spend that much money for such a small top prize. If the prize was larger, say $5M, I might go for it, but $20 seems enough for me.

                    Avatar
                    MI
                    United States
                    Member #20229
                    August 14, 2005
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                    Posted: May 11, 2007, 7:32 am - IP Logged

                    Well, after saying last week that I would not spend over $20 for a ticket, my brother and I split the cost of the $50 raffle ticket. Bang Head

                     

                    You have a 1-56 chance of winning $500, so maybe I will win enough to buy 10 tickets in the next raffle.Yes Nod

                      tntea's avatar - Lottery-059.jpg

                      United States
                      Member #5344
                      June 30, 2004
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                      Posted: May 11, 2007, 7:41 am - IP Logged

                      I would buy a couple..

                           OLD/Vtrac   Lottery Bible         Double Warnings      Thumbs Up TN F34/F44

                        rcp90's avatar - Lottery-010.jpg
                        New Member
                        Sterling Heights
                        United States
                        Member #52121
                        May 11, 2007
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                        Posted: May 11, 2007, 3:46 pm - IP Logged

                        My buddy and I split the cost of 1 raffle ticket.  We were each going to purchase one but then we thought, hmmmmmmmmm 50 bucks for one ticket (and chances are we're not going to win) so we split it.  I think a lot people did this for the super raffle.  Personally I think they should speed up the drawing time.  I mean they sold out it 3 days they should conduct the drawing like 2 weeks after they sell out.  JMO

                          BigSlick's avatar - DiscoBallGlowing
                          New Member
                          Michigan
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                          May 11, 2007
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                          Posted: May 11, 2007, 5:50 pm - IP Logged

                          I bought two of them for myself. The only one who missed that hundred dollars I spent on tickets is my girlfriend because I did not take her out on two dates. She will be a lot happier if I win some money. As far as the price goes, I do not think that it all that expensive. I might only spend $5 a draw for the mega millions but over the course of a month or two I would spend at least $50 for alot worse odds.

                            dvdiva's avatar - 8ball

                            United States
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                            September 17, 2003
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                            Posted: May 11, 2007, 9:36 pm - IP Logged

                            For those that think $2 powerball or Mega tickets aren't the future this doesn't bode well. Personally I haven't gotten above a $5 scratch but I rarely get scratch tickets.