Revamped PA Millionaire Raffle - This Summer

Reply #4

Stack47 — Tue, 03 Apr 2007 01:02:26 GMT

You're math is sound and if you divide the total number of tickets by the winning tickets; 1 out of every 80 tickets will be a winner.

Odds are certainly better than 6/52 or MM and PB (they have to be with a $20 price tag).

You can call me a jackpot hunter because I didn't start playing the last Mega Million run until the jackpot reached $215 million. I bought 20 QPs in that draw, the next draw and 40 QPs when it was $370 million. If I can justify winning $12 betting $80, buying a $2... [ More ]

Reply #3

fbird — Tue, 03 Apr 2007 00:58:45 GMT

michigans' is :

6 of $1,000,000 ( annuitized = 20yrs @ $50,000/yr...what a joke)

12 prizes of 100,000 ( i think cash)

900 prizes of $1,000 ( pretty confident this is cash)

they sold 600,000 tickets @ $20 a pop.....but won't draw until 4/20/07

I wrote and asked the MSL about drawing earlier, because the ticket had written on it, drawing date subject to change....but was informed that, that was only if they had not sold all the tickets...not to draw any earlier if they sold out in a... [ More ]

Reply #2

JimmySand9 — Tue, 03 Apr 2007 00:37:50 GMT

Yeah, you got your numbers right.

I hear what you're saying, it's still pretty daunting odds, especially for a $20 ticket. But at least they're moving in the right direction.

Reply #1

Coin Toss — Mon, 02 Apr 2007 18:08:56 GMT

When Illinois had their raffle I bought one ticket, sounded good. Odds are certainly better than 6/52 or MM and PB (they have to be with a $20 price tag). Illinois had 509 winners out of 500,000 tickets.

But let's look at a state lottery raffle - in the above, 7,777 prizes out of 625,000 tickets = 0.012 4432

Take that down to 0.012, or 12 one-thousandths and that means 12 out of every 1,000 tickets win - still trying to find one particular grain of sand at the beach.

Maybe my numbe... [ More ]

Revamped PA Millionaire Raffle - This Summer

JimmySand9 — Mon, 02 Apr 2007 04:13:59 GMT

There will still be 625,000 tickets sold for $20 each. But there is a whole new prize structure. There will now be 7,777 winners (for the draw date 7-7-07) among the tickets sold (compared to 760 in the previous raffle). That improves the odds of winning to about 1 in 80 (down from 1 in 833). Even the payout has gone up, albeit slightly. 51.6536% of sales will go toward prizes in the new raffle, as opposed to 50% before.

Here's the deal:

# Of Prizes

Odds Of Winning

$1,000,000

5

1... [ More ]