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Prime Example

Topic closed. 3 replies. Last post 12 years ago by jim695.

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United States
Member #66
October 19, 2000
218 Posts
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Posted: March 12, 2005, 6:40 pm - IP Logged

On 03-05-05

Indiana pick four was 9652  prize payout was 17,460.00

Ohio midday number was 2985 prize payout  70,900.00

There is only a one number difference between the 2 draws and yet the ohio lottery paid out more then 3 times the amount then Indiana.

Our draw is 30 minutes after ohio's which means In. has a extra 30 minutes of buying time, but yet we have less in prize payouts then ohio.

HOW CAN THIS BE

It's a shame what the hoosier lottery is doing to the hard working people of Indiana.

 

C.C.

Indianapolis Star

Hoosier lottery

Mr. Alderman

CNN

    LOTTOMIKE's avatar - cash money.jpg
    Tennessee
    United States
    Member #7853
    October 15, 2004
    11338 Posts
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    Posted: March 12, 2005, 8:04 pm - IP Logged

    mark,the hoosier lottery is very corrupt,your daily payouts are very poor when compared with other states of the same size on a consistent basis not to mention the scratch off scandal there recently,the computerized drawings there are rigged and i'd bet my grandfathers life on it......

      rabbitfoot's avatar - 8ball

      United States
      Member #620
      August 25, 2002
      205 Posts
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      Posted: March 15, 2005, 8:50 pm - IP Logged

      I always thought that it was the number of tickets sold that determine a jackpot size.  You didn't mention any thing about this.

      I play to dream and dream of winning a major jackpot!

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        Columbia City, Indiana
        United States
        Member #2978
        December 9, 2003
        381 Posts
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        Posted: March 27, 2005, 9:36 pm - IP Logged

        Rabbitfoot:

        Unfortunately, most people are under the same impression. Indiana's jackpot doesn't begin to roll over until after the second consecutive drawing with no winner. Then, each consecutive rollover will increase in $500,000.00 minimum increments. However, I can't remember an incremental increase over that amount since this policy was instituted.

        Below is the press release announcing the change.

         







        Contact:
        Andrew Reed

        Phone:
        317-264-4800

        Email: playersupport@hoosierlottery.com

         

         

         

         

         

         

         

         

         

         

         

         

         

         

         

         

         

         

         

         

         

         

         

         

         

         

         

         

         

         

         

         

         


        For Immediate Release: 3/5/2001



        FOR IMMEDIATE RELEASE

        March 5, 2001


        LOTTERY ADJUSTS HOOSIER LOTTO


        JACKPOT SCHEDULE


        LOTTO TICKET SAL ES TO DICTATE JACKPOT INCREASES


        INDIANAPOLIS In an effort to more closely align Hoosier Lotto prize payouts with game revenues, the Hoosie r Lottery announced changes to its Hoosier Lotto jackpot schedule.


        Initial Hoosier Lotto jackpots will remain unchanged at $1 million. If not h it, the jackpot will stay at $1 million for one additional draw. Thereafter the jackpots will increase by a minimum of $500,000 per draw.

        The Lotterys goal for this modification is to make Hoosier Lotto a game in which ticket sales more closely support designed prize payouts.

        "The decision to delay jackpot increases until the third roll is fiscall y prudent," said John (Jack) Ross, director of the Hoosier Lottery.

        "The Lottery has designed prize payouts to maximize the revenue it retur ns to the state," Ross said. "These payouts are conditioned upon sale s, and sales at the initial $1 million jackpot level have not been sufficient to warrant increasing the jackpot by $500,000."

        In the first six months of fiscal year 2001 (which began in July 2000), Hoosi er Lotto ticket sales totaled $34.5 million. Fiscal year 2000 Lotto ticket sale s totaled $78.8 million.

        Hoosier Lotto is one of six online (computer-generated) games offered by the Hoosier Lottery. Other online games are Powerball, 5 Card Cash, Lucky 5, Daily 4 and Daily 3.

        Since the Hoosier Lotterys inception in 1989, $1.9 billion has been rai sed for the state to help fund education; police, fire and teacher pensions; Bui ld Indiana projects; excise tax reduction for all Hoosier car owners; and other programs the legislature designates.

        More than 4,500 retail businesses across Indiana sell Hoosier Lottery tickets . For every $1 in ticket sales, 56 cents goes to prizes; 30 cents goes to the s tate; 10 cents goes to retailers and suppliers; 2 cents goes to salaries, profes sional services and administrative expenses; and 2 cents goes to advertising and promotions.


        # # #


        For more information about the Hoosie r Lottery, please visit the Hoosier Lottery Web site media room at: www.hoosie rlottery.com.



        Come, Pinky; we must prepare for tomorrow night...

        Jim