Ohio Lottery considering offering a $50 instant ticket

Comment #47

fwlawrence — Tue, 29 Apr 2014 17:25:42 GMT

Texas now has three $50 scratch offs. Millionaires Club came out yesterday.

Comment #46

TNPATL — Tue, 29 Apr 2014 15:19:12 GMT

$50 are you kidding???? How high will they make these prices? How long before we see one for $100 and higher? I'm sorry I just feel that price is excessive. For one dang ticket

Comment #45

Arrowhead — Tue, 29 Apr 2014 15:14:49 GMT

Actually, think it's now at the two-year, seven-month mark. Just absurd.

I've been throwing five bucks a draw---$15 a week---at this thing for well over a year now. Nobody can blame me for lack of ticket sales, hahaha...

Comment #44

noise-gate — Tue, 29 Apr 2014 04:33:54 GMT

The Ohio Lottery Officials are probably saying We do it because we can ..

Well..

Comment #43

Arrowhead — Tue, 29 Apr 2014 03:33:52 GMT

Which, by the way, went another night without JP win. Now at $68.6 mil. for Wed.

No JP winner: two years, 4 months, whatever and counting...

Comment #42

noise-gate — Tue, 29 Apr 2014 00:06:47 GMT

Why would Ohio offer a $50.00 instant ticket when they can barely get people in their own State to invest their hard earned money on the Ohio Classic

Comment #41

RJOh — Mon, 28 Apr 2014 04:44:36 GMT

All the clerks do not know how to enter pairs for pick......

What make you think if clerks weren't trained to enter pairs for picks they will be trained to print tickets from your phone

Comment #40

RJOh — Mon, 28 Apr 2014 04:26:06 GMT

Lottery commissions are under pressure to show an increase in profit every year like there's no limit to the amounts players will spend if they have a chance.

Comment #39

Goteki54 — Sun, 27 Apr 2014 21:36:28 GMT

And they say us players are greddy The states have a good thing going with the lottery, yet they have to push for more and more. There is no way in hell I would spend $50 on a scartch off.

Comment #38

ONEDAY — Sun, 27 Apr 2014 20:43:20 GMT

I only play a $50 ticket if the odds were 1 in 2. with a min prize of $100!

Actually the good thing about this article is no more payslips..you can use your phone..great for those who play like 40 numbers a draw! plus I may actually be able to play pairs on pick 3 now..All the clerks do not know how to enter pairs for pick , and Ohio lottery will not make a slip with a pairs option.

Comment #37

LottoMetro — Sun, 27 Apr 2014 20:25:03 GMT

If both players play the same number of tickets over the long run, there really isn't a difference to the lottery because the house edge stays the same.

For the player, though, there is a slight difference in the probability that they win.

$1 played 15 times = 65.24% probability of winning at least once

$15 played 1 time = 100% probability of winning at least once

This is the reason why some lotteries force quick picks on some games. The decay from repeated independent trials decreas... [ More ]

Comment #36

RJOh — Sun, 27 Apr 2014 19:42:31 GMT

Since the over all odds of winning something are 1:15, it shouldn't make any difference whether a player spend $15 one time or $1 fifteen times.

Comment #35

Coin Toss — Sun, 27 Apr 2014 17:41:19 GMT

RJOh,

Who do you think MM makes more off of, a $1 player or a $15 player?

Any one willing to put up $15 to guarantee a $1 'win' is considered a perfect player for the house.

Comment #34

Jon D — Sun, 27 Apr 2014 16:07:00 GMT

I don't buy packs myself. But hey, if you got the bucks and the cajones, go for it

Comment #33

Marilyn222 — Sun, 27 Apr 2014 16:04:26 GMT

it's not for those with small wallets or weak constitutions.

Lol...

Comment #32

Jon D — Sun, 27 Apr 2014 15:58:27 GMT

I've seen people suggest that before, having the high priced ticket have a minimum guaranteed win. But if the $50 ticket had a minimum guaranteed $5 win, why not just make it a $45 ticket and forego the superfluous $5 transaction? (I realize $45 is not a nice round number...)

And high roller scratch players already have a way to guarantee a win: they buy an entire pack. Just look at the scratch forums and see people buying entire packs of $10,$20,$30 or higher tickets. At 30-100 tickets per p... [ More ]

Comment #31

RJOh — Sun, 27 Apr 2014 14:43:12 GMT

For $50, they could afford to throw every sucker who buys one a $1-$5 prize and still make money. In fact they should make sure every ticket is a winner even if it's only a dollar. After all, MM is willing to chance paying a dollar to every player who spend $15 on MM tickets and they're offering a bigger prize.

Comment #30

mypiemaster — Sun, 27 Apr 2014 04:35:16 GMT

Will be interesting, to see the look, on the face of the individual, who just scratched a losing $50.00 ticket. Absolute madness!.

Comment #29

Jon D — Sun, 27 Apr 2014 00:52:09 GMT

First you say players only choose games for the action, oh now SUDDENLY they care about payouts (something I have said all along)? Must be confused again, poor fellow. You contradict yourself a lot, perhaps you should pay attention to your own mouth instead of others' mouths.

Oh LottoMetro, why am I not surprised. Because this is classic LottoMetro, that's why. When he's losing an argument, he turns to lies and misrepresentations.

Anyone can read the thread which he's referring to, where I... [ More ]

Comment #28

LottoMetro — Sun, 27 Apr 2014 00:31:20 GMT

Yeah brainiac, players choose games based on the payouts.

First you say players only choose games for the action, oh now SUDDENLY they care about payouts (something I have said all along)? Must be confused again, poor fellow. You contradict yourself a lot, perhaps you should pay attention to your own mouth instead of others' mouths.

Regurgitating your critiques of me doesn't faze me whatsoever; in fact, I find it highly amusing.

I don't disagree with those who find that lottery revenue... [ More ]

Comment #27

Jon D — Sun, 27 Apr 2014 00:18:26 GMT

Not only is the built-in lottery tax excessive, it is often misused away from it's stated purpose Here is Cali as well.

Comment #26

Jon D — Sun, 27 Apr 2014 00:16:39 GMT

Oh, LottoMetro, I can't believe you'd make a such a dumb statement!

Yeah brainiac, players choose games based on the payouts. Duh! A regular casino would offer $900 prize for a pick 3 straight. But the lottery, because of it's built-in tax on revenues embedded into the cost of the game and needing to shave off another 30-40% from the prize, only pays $500, or $600 in some states. So yeah, a player will choose where to spend his $50 wager depending government's rake on the business. $50 ain't... [ More ]

Comment #25

Coin Toss — Sat, 26 Apr 2014 23:59:09 GMT

From Ask.com:

Does Lottery Money Really Go to Education?

Answer

Lottery proceeds do go toward education and other things, but the money doesn't have a great effect. In fact, some say it causes more harm than good. The money isn't directly added to education programs, but is instead factored into the budget. The article 'Where Does Lottery Revenue Go?' at http://abcnews.go.com/US/story?id=92595 Page=1 provides an in-depth look at where the money really goes.

Comment #24

LottoMetro — Sat, 26 Apr 2014 23:48:32 GMT

More taxes are always good taxes, as long as it's for a good cause?

This is irrelevant. We're talking about players. That has little effect on the player's wager. $50 is $50 whether it's played on the lottery or at the casino.

If casinos were taxed on profits, there would be no tax revenue because there would be no profits. A little creative bookkeeping can go a long way. Being taxed on gross revenues is actually more beneficial for both sides.

Comment #23

Jon D — Sat, 26 Apr 2014 23:28:03 GMT

Yeah LottoMetro, I'm for less taxes on business and free market competition.

So I see your true liberal colors come out now, eh, LottoMetro. More taxes are always good taxes, as long as it's for a good cause?

I'd rather a business be taxed less, on profits, rather than a very heavy what amounts to a 30% up front sales tax on revenue, embedded into the cost of the product with low payouts to players.

Hey LottoMetro,

You went silent and disappeared on the last question I asked you ba... [ More ]

Comment #22

LottoMetro — Sat, 26 Apr 2014 23:11:24 GMT

So in other words, you would rather the greedy casinos get it? Spoken like a true shill for the casino industry.

At least with the lottery, a larger proportion goes towards good causes:

Only about 11% of gross casino revenue in Ohio goes towards education.

Compare that to about 29% of gross lottery revenue going towards education.

Comment #21

dallascowboyfan — Sat, 26 Apr 2014 22:59:34 GMT

Texas has a $50 scratcher too.

Comment #20

Jon D — Sat, 26 Apr 2014 22:35:59 GMT

If those players want to spend $50 a pop, the lottery should have something to fill that demand

No, the lottery should get out of the way and let private business cater to high rollers.

Spoken like a true shill for the lottery industry that you are LottoMetro.

Comment #19

Jon D — Sat, 26 Apr 2014 22:33:15 GMT

Yep, just more greed of the lottery industry.

This is what gets me:

Instant ticket sales had been declining for a variety of reasons, including the new racinos and casinos and consumers shopping at big-box stores that don't typically offer lottery games, officials said.

Well now, we can't have that! How dare the private casinos and other businesses compete and take away sales from our government run monopoly lottery gambling operation! We need to step it up and bring out a $50 ticket to... [ More ]

Comment #18

Shelby Mustang — Sat, 26 Apr 2014 21:23:42 GMT

Now this prize tier is pretty good the 2nd tier prize is 40k for 25 years. I'd be playing to hopefully hit that in the very least. Also I believe the total payout of the grand prize equals more than the $50 ticket's grand prize

Comment #17

Marilyn222 — Sat, 26 Apr 2014 20:35:45 GMT

I'd rather play MM/PB JP's than spending $30.00 or $50.00 for one scratch ticket.

Comment #16

NoCompLotto! — Sat, 26 Apr 2014 19:51:57 GMT

At least they listened in Ohio...

(174) 40th Anniversary Millions $30

PRIZES Remaining TPD STATUS

$400K/YR FOR 25 YRS 5

$40K/YR FOR 25 YRS 32

$ 50,000.00 91

$ 20,000.00 216

$ 5,000.00 1,292

$ 1,000.00 27,962

$ 500.00 86,200

$ 200.00 107,718

$ 100.00 859,666

$ 50.00 2,150,699

$ 40.00 1,612,774

$ 30.00 3,225,874

2nd tier is $50K. And this is a $30 ticket, too... You might think these are a lot of prizes left, but consider the print quantity.... [ More ]

Comment #15

LottoMetro — Sat, 26 Apr 2014 19:45:42 GMT

Although the lottery is popularly tagged a tax on the poor, a large proportion of players have a reasonably high salary. If those players want to spend $50 a pop, the lottery should have something to fill that demand...as ludicrous as it sounds. Just like the high-roller slots and high-roller tables at the casino ($500/hand Blackjack anyone? ).

Personally, I prefer tickets $20 and up, but that's because I see it from the odds perspective and not so much the entertainment of frequent-play. You... [ More ]

Comment #14

MillionsWanted — Sat, 26 Apr 2014 18:39:40 GMT

$50 sounds like a lot for an instant ticket.

Comment #13

Shelby Mustang — Sat, 26 Apr 2014 17:49:10 GMT

That is crazy and super stupid. Why go from 7.5 million and the 2nd tier prize is only 10 grand?? Ridiculous!! It couldnt be like at least 50k?? I'll tell ya if I paid $100 and I may only won my $100 back I'd never play it again, cause I would be condsidering I was lucky to get my money back the 1st time, I might not be so lucky the 2nd time

Comment #12

mrcraft — Sat, 26 Apr 2014 17:04:22 GMT

Yep, and getting stingier with current games.

Comment #11

Goon — Sat, 26 Apr 2014 16:39:30 GMT

Greed

Comment #10

mrcraft — Sat, 26 Apr 2014 15:43:58 GMT

I'm amazed at all the $20 and up tickets some states offer. We only have one game that's more than $10 in our lottery offerings. I don't know if even California will embrace $50 Scratchers. We only got our first $20 Scratchers about seven months ago.

Comment #9

hearsetrax — Sat, 26 Apr 2014 15:40:07 GMT

Comment #8

Gleno — Sat, 26 Apr 2014 15:27:02 GMT

Marilyn222

You can say that again, That's outrageous.

Comment #7

Gleno — Sat, 26 Apr 2014 15:24:45 GMT

Jon D

Comment #6

Gleno — Sat, 26 Apr 2014 15:20:55 GMT

Am I reading this correct $50 to buy one scratch off ticket?

Guess the prize amounts must be more than a million to entice folks to spend that kind of $dough.

That's insane in my opinion but there must be a market for those kinds of players

That may work in Texas but amazed to read that it's being offered in Ohio.

Even the $30 ticket is too much to spend for an instant ticket. But that's just me.

Comment #5

dpoly1 — Sat, 26 Apr 2014 14:36:24 GMT

If I could afford a $50 instant ticket, I probably wouldn't play the lottery

Comment #4

RedStang — Sat, 26 Apr 2014 14:23:21 GMT

Twenty dollar tickets are bad enough. It would take longer to burn a $50 bill then scratch it away. I like the e-playslip app because i always have trouble with machines taking the paper ones .

Comment #3

maringoman — Sat, 26 Apr 2014 14:20:23 GMT

Just like they build condos that sell for $1M, I think it's fine to have such tickets in the market. I just know they're not for me.

Comment #2

Marilyn222 — Sat, 26 Apr 2014 13:53:32 GMT

That's outrageous

Comment #1

Jon D — Sat, 26 Apr 2014 13:44:11 GMT

Ohio Lottery considering offering a $50 instant ticket

Lottery Post — Sat, 26 Apr 2014 13:36:55 GMT

A $50 instant lottery ticket may be in the future, say Ohio Lottery officials buoyed by the success of the agency's first $30 instant ticket.

The next step in the lottery world is the $50 ticket, lottery director Dennis Berg told lottery commission members at a recent meeting. We have talked about it here and there are conflicting opinions. Logically it is the next price point, but we do not know when it will happen.

Texas appears to be the only state with a $50 ticket, made available by... [ More ]