Penn. Lottery declares 1st raffle a success

Comment #11

CASH Only — Tue, 31 Jan 2006 23:51:56 GMT

If that is the case, Hoosier Lotto has the lowest cash value v annuity of any US lottery. Colorado Lotto used to pay cash option winners 40% of the annuity (it's now 50%).

Comment #10

JimmySand9 — Tue, 31 Jan 2006 23:41:24 GMT

Uncle Jim is referring to the percentage of the advertised jackpot given to cash option electees, not the percentage of sales given to prizes.

Comment #9

CASH Only — Fri, 13 Jan 2006 14:59:52 GMT

How do you know the payout in Indiana is 40%? I thought only NY was that cheap.

Comment #8

Uncle Jim — Fri, 13 Jan 2006 03:21:45 GMT

Fifty percent may be about average for a state lottery but the Hoosier Lottery is now paying only 40%. Of course we don't have an average lottery. Jim

Comment #7

LOTTOMIKE — Fri, 13 Jan 2006 03:03:21 GMT

maybe tennessee will get a raffle too...i'd like that.

Comment #6

CASH Only — Wed, 11 Jan 2006 14:48:24 GMT

KKM had a 40% payback. If NY does something like that again I would avoid it.

Comment #5

qutgnt — Tue, 10 Jan 2006 17:09:06 GMT

I understand that 50% is the industry norm for a lotto game, but if scratch offs can pay 70% back then a special lottery game like this should also be able to. I think the 20 dollar value is fair as your odds of winning are pretty fair compared to a 2 dollar game like kingkong.

Comment #4

LckyLary — Tue, 10 Jan 2006 04:49:40 GMT

They'd probably do it again next December, if they do. I am not sure I'll play it again because $20 each is expensive and you can't pick your own numbers. NY had King Kong Millions at the same time but theirs were $2 each or less (up to 10 for $10) with a 50MILL jackpot. That one I WOULD play again.

Comment #3

Todd — Tue, 10 Jan 2006 00:03:16 GMT

50% is about average for a state lottery -- not too bad. El Gordo is a very old game. If El Gordo were created today, I would wager that it would have closer to a 50% payout. That's just the nature of the industry these days.

Comment #2

CASH Only — Mon, 09 Jan 2006 23:13:01 GMT

You think 50% is bad? My NY Lotto pays out only 38%-40%.

Comment #1

qutgnt — Mon, 09 Jan 2006 23:11:23 GMT

El Gordo's payout is 70% this garbage was just 50%. God forbid a state comes out with an extremely attractive game to play once in a while.

Penn. Lottery declares 1st raffle a success

Lottery Post — Mon, 09 Jan 2006 12:30:01 GMT

State lotteries are beginning to learn from the success of El Gordo, a raffle-style game, which is one of the most popular lottery games in the world.The Pennsylvania Lottery had a Merry Christmas again.But this time, aside from the usual seasonal sales peak in instant tickets, thousands of players also took a $20 chance to get in the Lottery's first-ever raffle game: a one-time drawing for a declared set of prizes, with winning numbers drawn specifically from the field of tickets sold.Some $4... [ More ]