Scratcher Payouts

Reply #4

qutgnt — Tue, 25 Jan 2005 23:06:58 GMT

Does anyone know the scratch off ticket that has the highest payback % of them all. Do any reach 80

Reply #3

johnph77 — Tue, 25 Jan 2005 22:39:47 GMT

Source: California Lottery websiteAddress: http://www.calottery.com/games/superlottoplus/howtoplay/SLPpaymentOption.aspxQuote:What is the Cash Value option?If you mark the Cash Value box, and you win, you will receive the present cash value of the announced jackpot in one lump sum. This amount will be less than the announced jackpot. For example, if the announced jackpot is $7 million, the winner would receive about 52.008% or $3.64 million in one lump sum (less tax withholding). This example i... [ More ]

Reply #2

CASH Only — Tue, 25 Jan 2005 00:47:13 GMT

John:I don't think CA cash option winners get less than of those who chose annuity.

Reply #1

johnph77 — Mon, 24 Jan 2005 05:49:33 GMT

You're pretty close to being spot on - the payout percentage sounds about right for scratcher tickets. In any dvent, in order to obtain an exact percentage, one would have to know exactly how many tickets are being printed. Then you would know just how many winners in each category there would be and be better able to translate the odds down into probable decimals to determine how many winning tickets there actually are at each payout level.Regular California lottery game payouts are all pari-mu... [ More ]

Scratcher Payouts

tsai3904 — Sun, 23 Jan 2005 22:01:19 GMT

I have a question regarding the payout percentages of scratchers.Below is the payout table of a California $1 Easy 10 scratcher:How do I figure out the actual payout as a percentage? Do I multiply the amount won by the odds of winning that prize and sum all the numbers? I took 1/10+2/31+3/71+...+1000/480000. When I do that, I get a payout of 58.5% (I counted the free ticket prize as $1). This seems really low to me. May someone please correct me if I am wrong?Also, does anyone know what is