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Weekly Raffle

Topic closed. 6 replies. Last post 10 years ago by Todd.

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Delaware
United States
Member #30273
January 14, 2006
494 Posts
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Posted: December 16, 2006, 1:09 pm - IP Logged

For your consideration:

Every Sunday, have a ball drawn raffle. Only 50,000 tickets will be sold (from 49,999 to 0) and drawn by 5 side-by-side ball machines, the leftmost containing 0-4 and the others containing 0-9. The ticket cost is $5 each, and numbers are assigned consecutively.

The top prize is $100,000. There are 4 second prizes of $10,000, and 10 third prizes of $1,000. All prizes are paid lump-sum. The payout would be 60% ($150,000 per drawing), and would require 15 drawings to complete, not counting re-draws if duplicate numbers pop-up. The state's take would be $100,000 per drawing.

The odds of winning $10,000 are 1:12,500. The odds of winning $1,000 are 1:5,000. The overall odds of winning any prize are 1:3,333 (rounded).

This is just my initial thoughts for the game and obviously require tweaking.

    Lucky Star's avatar - flower2
    Georgia
    United States
    Member #38040
    April 23, 2006
    1643 Posts
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    Posted: December 22, 2006, 12:38 am - IP Logged

    Interesting!

    Peace.  And, Good Luck!!!

      TheGameGrl's avatar - character catafly.jpg
      A long and winding road
      United States
      Member #17084
      June 10, 2005
      4524 Posts
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      Posted: December 23, 2006, 9:38 am - IP Logged

      By golly I think its a win-der-Ful idea! Have you suggested this to your state lottery?

      Even once every two weeks would still pull in a healthy guaranteed sum. Its a win win for both sides.

      The price and odds are definitely worthy of playing.

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

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

        Litebets27's avatar - power
        Maryland
        United States
        Member #10465
        January 14, 2005
        6065 Posts
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        Posted: December 23, 2006, 10:04 am - IP Logged

        For your consideration:

        Every Sunday, have a ball drawn raffle. Only 50,000 tickets will be sold (from 49,999 to 0) and drawn by 5 side-by-side ball machines, the leftmost containing 0-4 and the others containing 0-9. The ticket cost is $5 each, and numbers are assigned consecutively.

        The top prize is $100,000. There are 4 second prizes of $10,000, and 10 third prizes of $1,000. All prizes are paid lump-sum. The payout would be 60% ($150,000 per drawing), and would require 15 drawings to complete, not counting re-draws if duplicate numbers pop-up. The state's take would be $100,000 per drawing.

        The odds of winning $10,000 are 1:12,500. The odds of winning $1,000 are 1:5,000. The overall odds of winning any prize are 1:3,333 (rounded).

        This is just my initial thoughts for the game and obviously require tweaking.

        I'd drive to Delaware for this one if out-of-State players are not excluded. Thumbs Up

        litebets

        Feeling,  PRICELESS!!!Banana

        Come on Jackpot!!!

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          California
          United States
          Member #46824
          October 1, 2006
          270 Posts
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          Posted: December 23, 2006, 11:32 am - IP Logged

          rdc137...the raffle idea you suggested sounds good.  One issue that needs to be considered is how much play would this game take away from existing games?  If the existing games have a better return to the state, why would the state promote a game that generated less reveune for the lottery?

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            Delaware
            United States
            Member #30273
            January 14, 2006
            494 Posts
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            Posted: December 23, 2006, 12:12 pm - IP Logged

            rdc137...the raffle idea you suggested sounds good.  One issue that needs to be considered is how much play would this game take away from existing games?  If the existing games have a better return to the state, why would the state promote a game that generated less reveune for the lottery?

            I hadn't thought about that actually. It would probably only work in the larger states. Delaware and Maryland are having difficulties selling all of their raffle tickets. Pennsylvania also had some problems with it this year because 3 of the bordering states offered raffles. I am unaware of the status of New Jersey's. For the smaller states it might have to be a multi-state raffle. For example, I could see a "Northeast Corridor" raffle encompassing the small states of RI, CT, DE, and DC, all of which are Powerball states. The tri-state members (VT, NH, ME) might get in on that too. All of those states combined put their player pool on target with a state roughly the size of Pennsylvania. The other states in the NE corridor (MA, NY, NJ, MD, and depending on your view VA) are Mega Millions and would not join if this were part of the "Power Alliance" (my stupid name for the MUSL).

              Todd's avatar - Cylon 2.gif
              Chief Bottle Washer
              New Jersey
              United States
              Member #1
              May 31, 2000
              23260 Posts
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              Posted: December 23, 2006, 12:57 pm - IP Logged

              For your consideration:

              Every Sunday, have a ball drawn raffle. Only 50,000 tickets will be sold (from 49,999 to 0) and drawn by 5 side-by-side ball machines, the leftmost containing 0-4 and the others containing 0-9. The ticket cost is $5 each, and numbers are assigned consecutively.

              The top prize is $100,000. There are 4 second prizes of $10,000, and 10 third prizes of $1,000. All prizes are paid lump-sum. The payout would be 60% ($150,000 per drawing), and would require 15 drawings to complete, not counting re-draws if duplicate numbers pop-up. The state's take would be $100,000 per drawing.

              The odds of winning $10,000 are 1:12,500. The odds of winning $1,000 are 1:5,000. The overall odds of winning any prize are 1:3,333 (rounded).

              This is just my initial thoughts for the game and obviously require tweaking.

              I like it. Thumbs Up

               

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