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Jackpot Prizes

Topic closed. 1 reply. Last post 11 years ago by PS Master.

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How many Top Prizes of under $50,000 do you think a lottery should include in a new scratch game?

5 or less [ 0 ]  [0.00%]
6-10 [ 1 ]  [25.00%]
10-14 [ 1 ]  [25.00%]
15-19 [ 0 ]  [0.00%]
25 or more [ 2 ]  [50.00%]
Total Valid Votes [ 4 ]  
Discarded Votes [ 2 ]  
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Louisville, KY
United States
Member #15734
May 20, 2005
203 Posts
Offline
Posted: August 27, 2005, 12:13 am - IP Logged

This question came to me because it always seems here in MI, that the lottery never, and I mean NEVER, decides to put more than 4 top prizes in any new scratch game. Even the 2nd prizes are almost non-existent. Usually, if you look at the odds (which of course they don't make available online), the odds for hitting the top prize OR the 2nd prize are almost always the same - usually around 1 in 1,700,000 for BOTH first and second prizes.

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    New Member
    FL
    United States
    Member #11275
    February 9, 2005
    15 Posts
    Offline
    Posted: August 29, 2005, 1:13 pm - IP Logged

    This question came to me because it always seems here in MI, that the lottery never, and I mean NEVER, decides to put more than 4 top prizes in any new scratch game. Even the 2nd prizes are almost non-existent. Usually, if you look at the odds (which of course they don't make available online), the odds for hitting the top prize OR the 2nd prize are almost always the same - usually around 1 in 1,700,000 for BOTH first and second prizes.

    I guess it depends on what price you are refering too?  In a $1 game, you will not see a $50,000 prize.  But in a $5, $10, or $20 you will see more depending on the price of the game.  For me, I would rather have more lower prizes in the $100 and $500 range than more prizes at the $50,000 range.  That's the balancing act, of providing enough top prizes while still allowing the game to have enough $100 and $500 prizes.  I mean, you can have twenty $50,000 prizes in a game or TEN THOUSAND $100 prizes.  For me, I want a better shot at the $100 prizes and leave the $50,000 where they are at.  I think most states offer games with different odds at those levels.  So a game may say over 100 $10,000 prizes or over 10,000 $100 prizes.  They seem to make a game for almost everyone on what they are trying to win...