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Florida Millionaire Christmas Raffle Sold Out

Topic closed. 9 replies. Last post 10 years ago by DoubleDown.

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floridian's avatar - DiscoBallGlowing

United States
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Posted: December 1, 2006, 8:13 am - IP Logged

With an apparent rush at the end to buy tickets the Florida Holiday Millionaire Raffle is officially sold out.  Yesterday morning an estimated 130,000 tickets remained but by this morning  the entire allocated amount of 1,250,000 raffle tickets were sold out.  This raises some $25 million dollars of which $13 million will be awarded January 1. 2007 to 130 lucky winners in the 3 different prize catagories.

The initial thinking was that the tickets would be sold until the cut-off date of midnight December 30, 2006.  In my opinion, the marketing of this product was perfect.  It hit its desired audience and brought in the goods 30 days early.  Many LP members have reservations about raffles but weather you like them or not in Florida raffles are big business.

This of course will add to the ever increasing education fund which will benefit the most by the success of the raffle. 

This will probably send a strong signal to Lottery Officials to offer more of these raffles in the months and years to come.

Floridian

    stavros's avatar - avatar 6898.gif
    Florida
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    Posted: December 1, 2006, 10:06 am - IP Logged

    I had planned on buying 5 of them and got my last one yesterday afternoon.  Just made it!

    Good Luck!

    Stavros

     

      floridian's avatar - DiscoBallGlowing

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      Posted: December 1, 2006, 10:08 am - IP Logged

      I had planned on buying 5 of them and got my last one yesterday afternoon.  Just made it!

      Great man!!

      I wish you the best of luck in January and for that matter the rest of this year.

      Floridian

        stavros's avatar - avatar 6898.gif
        Florida
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        Posted: December 1, 2006, 10:10 am - IP Logged

        Great man!!

        I wish you the best of luck in January and for that matter the rest of this year.

        Floridian

        The same back at ya, Floridian!

        Good Luck!

        Stavros

         

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          California
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          Posted: December 1, 2006, 11:34 am - IP Logged

          floridian...while all you state above is true, there is another factor that should be considered; how does the sale of raffle tickets effect other games?  One would think there has to be some fall off in sales from the ongoing games.

          Before moving forward with more of these games it would be prudent to understand the enitre picture from both a reveune and profit perspective.  The raffle program returns less then 50% to the state (which it does) and other programs return at least 50%. If the raffle program is not generating enough "new" dollars, then the education fund is actually losing!

          From a players perspective these raffles sound great, primarily based on the better odds.  But as one ponys up $20 per ticket does that take away from my regular lottery purchases?  If so which games, and at waht cost to the state?

            stavros's avatar - avatar 6898.gif
            Florida
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            Posted: December 1, 2006, 11:46 am - IP Logged

            floridian...while all you state above is true, there is another factor that should be considered; how does the sale of raffle tickets effect other games?  One would think there has to be some fall off in sales from the ongoing games.

            Before moving forward with more of these games it would be prudent to understand the enitre picture from both a reveune and profit perspective.  The raffle program returns less then 50% to the state (which it does) and other programs return at least 50%. If the raffle program is not generating enough "new" dollars, then the education fund is actually losing!

            From a players perspective these raffles sound great, primarily based on the better odds.  But as one ponys up $20 per ticket does that take away from my regular lottery purchases?  If so which games, and at waht cost to the state?

            CA Lottery Guy.....I've purchased 5 Raffle tickets. I have cut back a bit on my daily lottery plays, but, even by cutting back, I have spent more with the raffle and pick 3/4 combined then I would have spent on just the pick 3/4.  Based on my experience, there has been increased spending, not a cut back.

            Good Luck!

            Stavros

             

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              California
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              Posted: December 1, 2006, 12:28 pm - IP Logged

              stavros...granted you have had increased spending.  The critical issue from the state's standpoint is profit, i.e. what is directed to the education fund.  How much did you cutback and what percentage/amount of that would have gone to the state?  Does the amount of profit  realized from your $100 in raffle sales offset that amount?  Does the state come out ahead or behind?  (note: stavors, I am not asking for your spending pattern, just asking more of a generalized question.)

              The only way to answer this is to have all the lottery sales figures and profit percentages from this year and previous years, draw comparisons, and to do some research to find out what effect the raffle had on a wide range of players.  From there some concusions may be drawn.  One would hope the lottery would perfom this type of analysis.  Would this type of report be made public? 

                justxploring's avatar - villiarna
                Wandering Aimlessly
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                Posted: December 1, 2006, 1:02 pm - IP Logged

                The FL website says they were sold out at 10:33.  I was at Albertson's and they were sold out earlier, unless they just didn't have the terminal producing them.  Hmm.  I'm sure I was there before 10.  As I wrote on another thread late last night, I had finally given into the hype and withdrawn money from the ATM.  I'm very surprised they sold out so quickly. I figured I'd be able to purchase a ticket through the end of the week. Oh, well. I'm not too upset. I can always blow $20 on some scratch tickets or play some other game.

                 

                Good luck Floridian.  I hope you win!!

                  floridian's avatar - DiscoBallGlowing

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                  Posted: December 1, 2006, 1:16 pm - IP Logged

                  floridian...while all you state above is true, there is another factor that should be considered; how does the sale of raffle tickets effect other games?  One would think there has to be some fall off in sales from the ongoing games.

                  Before moving forward with more of these games it would be prudent to understand the enitre picture from both a reveune and profit perspective.  The raffle program returns less then 50% to the state (which it does) and other programs return at least 50%. If the raffle program is not generating enough "new" dollars, then the education fund is actually losing!

                  From a players perspective these raffles sound great, primarily based on the better odds.  But as one ponys up $20 per ticket does that take away from my regular lottery purchases?  If so which games, and at waht cost to the state?

                  Starvos tends to reflect what other Floridians say to me.  Obviously, this is not scientific but I bought tickets also and this did not detract from my  regular play.  In fact, because it is the holiday season many people have told me they hardley every play but bought several tickets for this one.

                  Let me also inform you that with the advent of clever scratch-off marketing techniques the scratch-off games and quick pick process has become a gold mine for Florida.  This type of play has attracted a different kind of lottery player.  It takes no brain power at all, just plunk down the money and play.  Another case in point, they started a new adder to Fantasy5 (pick5) in April.  For another dollar at the terminal you can take a chance on an instant win of money up to $500.  Let me tell you that sales have increased quite a bit.  Daily pools used to be around 160 to 180k and are now running around 260 to 280k.  Money to play coming from other games, don't think so.

                  I view the easy play games as attractions for players who really did not get involved with Lottery play in the past.  These are new customers instead of old customers spreading their money thinner amongst the other games.

                  However, you make some good points that give me reason to look even closer at the numbers.

                  Let me also point out another overlooked point about Lottery gambling that will meet with some raised eyebrows.  I do a lot of talking with folks who buy tickets at several places where tickets are sold and many of them tell me they have started buying tickets in the past couple of years for a reason most of us do not fit into the gambling scenerio.  Frankly, many people have told me because of the pressures of today, loss of jobs, loss of self worth, serious reductions in salary levels and a bigger separation between the have and have nots; and knowing that they will probably never progress any further up the salary ladder are now buying chances to increase their lot in life.

                  One day a women told me she makes enough to get by but hates her existance and was buying five dollars worth of Lotto quick picks in hopes some little something might change in her life.  She told me in the past she never would have even dared to buy any because of peer pressure against the Lottery.  She said her life was so miserable that she did not care anymore what other people thought.  She went on to say that even the dream of possibily winning something makes days she buys tickets more bearable.  This is not an isolated case, I have heard variations of this story many times over the past several months.

                  I am not quite old enough to remember it but the depression in the 30's produced issues a lot like what is going on now.  It is kind of like misery loves company.  People would spend several dollars to see marathon dancers, dance for hours to the point of total exhaustion to give their life more meaning.  Many of those people could ill afford the tickets to watch but they bought them anyway. 

                  I feel today's lottery for some is like that, there was an old movie called "They shoot horses, don't they?" which develops that theme.  You might want to check it out.

                  I guess my whole point in this is to tell you that more and more money will be spent for Lottery games until such time as personal dignity and happiness levels increase in this country.  You may think I  am over the top on this one but check it out for yourself.

                  Floridian

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                    Coastal Georgia
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                    Posted: December 1, 2006, 2:30 pm - IP Logged

                    Starvos tends to reflect what other Floridians say to me.  Obviously, this is not scientific but I bought tickets also and this did not detract from my  regular play.  In fact, because it is the holiday season many people have told me they hardley every play but bought several tickets for this one.

                    Let me also inform you that with the advent of clever scratch-off marketing techniques the scratch-off games and quick pick process has become a gold mine for Florida.  This type of play has attracted a different kind of lottery player.  It takes no brain power at all, just plunk down the money and play.  Another case in point, they started a new adder to Fantasy5 (pick5) in April.  For another dollar at the terminal you can take a chance on an instant win of money up to $500.  Let me tell you that sales have increased quite a bit.  Daily pools used to be around 160 to 180k and are now running around 260 to 280k.  Money to play coming from other games, don't think so.

                    I view the easy play games as attractions for players who really did not get involved with Lottery play in the past.  These are new customers instead of old customers spreading their money thinner amongst the other games.

                    However, you make some good points that give me reason to look even closer at the numbers.

                    Let me also point out another overlooked point about Lottery gambling that will meet with some raised eyebrows.  I do a lot of talking with folks who buy tickets at several places where tickets are sold and many of them tell me they have started buying tickets in the past couple of years for a reason most of us do not fit into the gambling scenerio.  Frankly, many people have told me because of the pressures of today, loss of jobs, loss of self worth, serious reductions in salary levels and a bigger separation between the have and have nots; and knowing that they will probably never progress any further up the salary ladder are now buying chances to increase their lot in life.

                    One day a women told me she makes enough to get by but hates her existance and was buying five dollars worth of Lotto quick picks in hopes some little something might change in her life.  She told me in the past she never would have even dared to buy any because of peer pressure against the Lottery.  She said her life was so miserable that she did not care anymore what other people thought.  She went on to say that even the dream of possibily winning something makes days she buys tickets more bearable.  This is not an isolated case, I have heard variations of this story many times over the past several months.

                    I am not quite old enough to remember it but the depression in the 30's produced issues a lot like what is going on now.  It is kind of like misery loves company.  People would spend several dollars to see marathon dancers, dance for hours to the point of total exhaustion to give their life more meaning.  Many of those people could ill afford the tickets to watch but they bought them anyway. 

                    I feel today's lottery for some is like that, there was an old movie called "They shoot horses, don't they?" which develops that theme.  You might want to check it out.

                    I guess my whole point in this is to tell you that more and more money will be spent for Lottery games until such time as personal dignity and happiness levels increase in this country.  You may think I  am over the top on this one but check it out for yourself.

                    Floridian

                    I totally agree ,  Floridian.

                    Everyone is looking for a stroke of good luck, and the raffle is one of the easier games to play.

                    I have one ticket and I will be one of the dreamers looking hard at the website for those winning numbers on the 31st...

                    Good luck to all,

                    DD