N.J. lawmakers want full disclosure of lottery prizes

Comment #11

Raven62 — Sat, 27 Sep 2008 17:07:59 GMT

The Instant Games are Designed with a Prize Structure based on the Sale of the Number of Tickets printed. With that in mind the Lottery should be able to sell Tickets for each game until all the Tickets are gone. They should however keep an accurate list of Remaining Prizes, which should be posted at each Lottery Agents premises, so that Players can make a decision on which Game they want to play.

Comment #10

lorramil — Sat, 27 Sep 2008 16:52:34 GMT

if the winning ticket face value win shows you've won $100, you can't be paid less than that face value winning. people have sued the lotteries for printed number mistakes between number and written value misprints beneath.

Comment #9

lorramil — Sat, 27 Sep 2008 16:39:46 GMT

Some of the lottey agents will tell their regular purchasers there are no top prizes remaining for a particular game. Others don't care; they want their revenue back. Ask them if it is still a good winning game before your purchase.

Comment #8

lorramil — Sat, 27 Sep 2008 16:34:31 GMT

If, for example, there are 8,100,000 tickets printed in an initial offering of a new game and the claimer reads there must be 3 first tier winners of $5million big ones and 1000 winners of $1,000 trickling down to lesser prizes to $5 for total potential sales of $40,500,000 that is $15mil first tier to shell out for 3 winners. If a structured settlement is chosen, it is only $7.5mil to pay out and $1mil for 2nd prizes etc. No one is going to let another say $24mil slide in revenue if the 3 first... [ More ]

Comment #7

LckyLary — Fri, 26 Sep 2008 01:41:59 GMT

Smart peole like us, go onto the nj Lottery website, which lists how many prizes are remaining for which game, and we pay attention to the game number and color because you can have the same game i.e. Crossword or Win4LIFE, one color being newer and having more prizes remaining. The problem is many people aren't as savvy and stores are sneaky to sell such old ticket. Rule of thumb is higher game number is newer meaning should still have top prize.

They need to pull the old tickets and REPLACE... [ More ]

Comment #6

merdis salley — Mon, 22 Sep 2008 03:03:35 GMT

Illinois give a print out of tickets left and some are past games with no prizes left yet they keep selling. I have seen on the list far back as Decemerber,so they know.

Comment #5

Todd — Mon, 22 Sep 2008 01:46:49 GMT

I think you've hit on an important point: state legislatures are responsible for oversight of the state lottery, but it is the legislature itself that reaps the reward of a big lottery proft. More money from the lottery means more tax money that can be funneled to their district or to their special projects. See the problem

Comment #4

fbird — Mon, 22 Sep 2008 01:41:45 GMT

I think Michigan is the worst in this regard. they have the list of games that don't have any big

prizes left..... but keep selling them because as they say people still want to win the lower tier prizes

what a crock of bull..... just so they can sell the game out and make a HUGE profit!!!!

Just wish some of these spineless politicians here in Michigan would stick up for the

little guys for once in their measly lifes, instead of being bottom feeders all their collective

lives... [ More ]

Comment #3

Todd — Sun, 21 Sep 2008 21:15:53 GMT

Here's an idea for all you lottery executives:

For higher priced games anything above $5 per card why don't you simply have it built into the rules that once the jackpots have all been sold, the price for the game goes down to $1? That way, people are aware that the jackpot is gone, and you can still make some money selling off the rest of the tickets.

I can see many people jumping at the chance to buy a highly-discounted scratch game for a second-tier prize.

How about it

Comment #2

zero — Sun, 21 Sep 2008 01:15:05 GMT

They should give the ticket's (1 or 2) to player's if they spend more than $2.00 to $10.00 on lottery numbers daily three or four etc, at the lottery retailers for free that's if it is any small prizes left you think.

Comment #1

MaddMike51 — Sat, 20 Sep 2008 21:32:24 GMT

Sounds like a no brainer to me.If the top prize has been claimed and they are still selling the ticket,they are stealing from the public.

N.J. lawmakers want full disclosure of lottery prizes

Lottery Post — Sat, 20 Sep 2008 19:36:00 GMT

Games with no top prize remaining would be pulled from stores, if the measure is approved

If you buy a lottery ticket dreaming of winning a prize such as a hybrid car or $1 million in cash, those prizes should still be available when the ticket is sold, two New Jersey legislators contend.

State Assemblymen Paul Moriarty and John Burzichelli have co-sponsored legislation that would require lottery agents to be notified when the top lottery prizes have been awarded, so no other tickets will