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Why GA-KY-VA Lose for Life will flop

Topic closed. 53 replies. Last post 11 years ago by sirbrad.

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United States
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June 5, 2002
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Posted: February 3, 2006, 7:08 pm - IP Logged

As I've been posting, GA will not offer a cash option (can't say for sure yet about KY or VA.) The top prize of $1000-a-week-for-life/$520,000 cash (if offered) will not be enough for winners to quit their jobs.

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    Posted: February 3, 2006, 7:15 pm - IP Logged

    Not enough, but still more than what people get with our Win-For-Life game. Yeah, hovering $9,000 above the poverty line, now that's a prize. At least this new game will be $39 grand a year. At least you'll be in the nice part of the ghetto.

    (insert signature here)

      TheGameGrl's avatar - character catafly.jpg
      A long and winding road
      United States
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      Posted: February 3, 2006, 8:03 pm - IP Logged

       Jimmy,

      3k x 12 = 36,000

      Please advise how this is just above poverty, for the PA( lose) Lucky for life?

       I personally think Lucky for Life should go visit Kovorkian for a well deserved demise, but until such time I would not scoff at its payout if I won it.

      I hope other states have better luck and more wins then we've witnessed here in the keystone state.

      ~~Is it true, Is it kind,Is it necessary. ~~~

       Thanks be to the giving numbers: 1621,912,119 02014

        emilyg's avatar - cat anm.gif

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        Posted: February 3, 2006, 8:37 pm - IP Logged

        As I've been posting, GA will not offer a cash option (can't say for sure yet about KY or VA.) The top prize of $1000-a-week-for-life/$520,000 cash (if offered) will not be enough for winners to quit their jobs.

        then don't play it.  i will play  and will enjoy doing so.

        love to nibble those micey feet.

         

                                     

          dvdiva's avatar - 8ball

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          Posted: February 4, 2006, 1:24 am - IP Logged

          It all depends on what sales will support. 1k/week isn't enough for me to get a ticket. But it's enough for some. It failed due to poor sales in WA state. If it were 1k/day then I'd be interested. Providing they would do a ball drawing and not an Indiana style computer drawing.

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            United States
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            Posted: February 4, 2006, 1:32 am - IP Logged

             Jimmy,

            3k x 12 = 36,000

            Please advise how this is just above poverty, for the PA( lose) Lucky for life?

             I personally think Lucky for Life should go visit Kovorkian for a well deserved demise, but until such time I would not scoff at its payout if I won it.

            I hope other states have better luck and more wins then we've witnessed here in the keystone state.

            $36,000 is the pre-tax prize, you really end up with $27,000. And the poverty line in the US is $19,000/year (post-taxes). So you're only $8,000 (even less than my previous quote) above the line. Not enough to quit unfortunately. But I wouldn't scoff either if I won it on a gift ticket or something either, it would make good weekend fun money.

            (insert signature here)


              United States
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              Posted: February 4, 2006, 10:46 am - IP Logged

              It all depends on what sales will support. 1k/week isn't enough for me to get a ticket. But it's enough for some. It failed due to poor sales in WA state. If it were 1k/day then I'd be interested. Providing they would do a ball drawing and not an Indiana style computer drawing.

              WA Unlucky for Life (online) failed due to the lack of a cash option, which Lucky for Life (scratch) has. OR (Lose for Life) needs to learn from WA.

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                New York, NY
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                Posted: February 6, 2006, 3:31 pm - IP Logged

                Well I guess all we can do is wait and see if it will fail as many folks think it will.  If it does, then guess GA will only have Fantasy 5, and Mega Millions to play.  The jackpot may not ben enough for me to quit my job, but it would be enough for me to pay down on some bills, and do a little saving.  It would be enough for me to return to school for a semester or two without having to take out loans so I can puruse my dream of becoming of a nurse.  I mean small amounts can mean a lot to some people. 


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                  Posted: February 6, 2006, 6:31 pm - IP Logged

                  I think it's not enough for people to retire if they win Lose For Life. I think the only way GA, KY, and VA people can retire is if they win MM or PB jackpot.

                    emilyg's avatar - cat anm.gif

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                    Posted: February 6, 2006, 6:55 pm - IP Logged

                    Well I guess all we can do is wait and see if it will fail as many folks think it will.  If it does, then guess GA will only have Fantasy 5, and Mega Millions to play.  The jackpot may not ben enough for me to quit my job, but it would be enough for me to pay down on some bills, and do a little saving.  It would be enough for me to return to school for a semester or two without having to take out loans so I can puruse my dream of becoming of a nurse.  I mean small amounts can mean a lot to some people. 

                    good thinking.  anything extra is pure gravy.

                    love to nibble those micey feet.

                     

                                                 


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                      Posted: February 8, 2006, 1:49 pm - IP Logged

                      I predict Lose for Life will be gone within a year, and that GA, KY, and VA will be considering "classic" lotto games like in the pre-Lotto South era.

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                        Delaware
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                        Posted: February 8, 2006, 2:23 pm - IP Logged

                        If you don't like the game, don't play it. It's that simple. I will play the game whenever I visit VA and I play PA's version when I visit there. $36,000/yr or $52,000/yr is not enough to retire on, nor would I use it as such. What it is is a cushion: If you loose your job, want to take a nice vacation, or want to boost your savings account. $36 or $52K properly invested will allow you to retire comfortably if you aren't there yet. If you are retired, blow it on your grandkids.


                          United States
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                          Posted: February 8, 2006, 2:31 pm - IP Logged

                          If you don't like the game, don't play it. It's that simple. I will play the game whenever I visit VA and I play PA's version when I visit there. $36,000/yr or $52,000/yr is not enough to retire on, nor would I use it as such. What it is is a cushion: If you loose your job, want to take a nice vacation, or want to boost your savings account. $36 or $52K properly invested will allow you to retire comfortably if you aren't there yet. If you are retired, blow it on your grandkids.

                          All I'm saying is that NO lottery game with prizes paid over time (x number of years or lifetime) should be offered WITHOUT a cash option. WA Lucky for Life scratch has a cash option, so there's no excuse for PA's game or the upcoming Lose for Life not to have one as well.

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                            Delaware
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                            Posted: February 8, 2006, 2:55 pm - IP Logged

                            Then write the those 4 state and demand it.

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                              New Jersey
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                              Posted: February 8, 2006, 3:03 pm - IP Logged

                              If you don't like the game, don't play it. It's that simple. I will play the game whenever I visit VA and I play PA's version when I visit there. $36,000/yr or $52,000/yr is not enough to retire on, nor would I use it as such. What it is is a cushion: If you loose your job, want to take a nice vacation, or want to boost your savings account. $36 or $52K properly invested will allow you to retire comfortably if you aren't there yet. If you are retired, blow it on your grandkids.

                              All I'm saying is that NO lottery game with prizes paid over time (x number of years or lifetime) should be offered WITHOUT a cash option. WA Lucky for Life scratch has a cash option, so there's no excuse for PA's game or the upcoming Lose for Life not to have one as well.

                              I don't play annuity only games myself, but one hears all the time of people who do so.

                              Not everyone who plays the lottery is a responsible person.  Some people like annuities and some people need annuities to give them time to adjust to having money.

                              Lotteries are only interested in sales.  If their product sells they continue it.  If it doesn't, they drop it or change it.

                              If you feel that your concerns outweigh those of everyone else on the planet, I suggest you take a different tack:  Tell people to boycott annuity only jackpots.  I wouldn't suggest screaming at them about the subject though.  Some people would be happy to have an annuity.  If I were given a gift ticket that won and gave such a benefit, I would certainly just put the money in my pocket and think little more about it.