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N.C. Million Dollar Raffle Starts May 11, 2007

Topic closed. 2 replies. Last post 10 years ago by Fourwayz.

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amsoly41's avatar - ron paul_gold_standard.jpg
Tennessee
United States
Member #24912
October 29, 2005
94 Posts
Offline
Posted: April 9, 2007, 3:15 pm - IP Logged

RAFFLE WITH FOUR TOP PRIZES OF $1 MILLION DOLLARS APPROVED

RALEIGH- The North Carolina Education Lottery Commission (NCEL) today
gave approval to the NCEL to introduce a raffle game in North Carolina.
The proposed game will have four top prizes of $1 million as well as
many other prizes.  The odds of winning $1 million will be 1 in 125,000.

"This will be our first raffle, but if successful, it will not be the
last," said Tom Shaheen, NCEL executive director. "We are constantly
looking for ways to maximize sales and raise as much money as possible
for education programs. Since players have been asking for this, and
surrounding states have offered raffles, we want North Carolina to share
in the fun."

The first NCEL raffle tickets, which will cost $20 each, are tentatively
scheduled to go on sale May 11. A drawing is tentatively scheduled to be
held July 4 to determine the winners of the more than 500 prizes. Along
with the $1 million top prizes there also will be two other prize
levels. The second prize level will be five (5) prizes of $100,000. The
third prize level will be 500 prizes of $1,000.

The NCEL will offer a finite number of 500,000 tickets. They will be on
sale until the draw date unless they sell out earlier. If the raffle
game sells out, the NCEL would generate approximately $3.5 million for
education.

Players will not have to fill out a play slip or scratch off latex on
any ticket. They will be able to ask a retailer for a raffle ticket and
the retailer will prompt the terminal to print out the next available
six-digit number from the finite pool.

Here are the odds for NCEL's first raffle:
Prize              Number of prizes            Odds
$1,000,000          4                      1:125,000
$100,000              5                      1:100,000
$1,000              500                    1:1,000

Money can't buy you happiness... but it does bring you a more pleasant form of misery Wink

    Coin Toss's avatar - shape barbed.jpg
    Zeta Reticuli Star System
    United States
    Member #30470
    January 17, 2006
    10345 Posts
    Offline
    Posted: April 10, 2007, 10:22 am - IP Logged

    Here are the odds for NCEL's first raffle:
    Prize              Number of prizes            Odds
    $1,000,000          4                      1:125,000
    $100,000              5                      1:100,000
    $1,000              500                    1:1,000

    This is the exact format Illinois used for their raffle.

    Just as an FYI, this is what you're really up against:

      500,000 tickets 

    -       509 winners

    ________________

    = 499,491 losers

    Those who run the lotteries love it when players look for consistency in something that's designed not to have any.

    Lep

    There is one and only one 'proven' system, and that is to book the action. No matter the game, let the players pick their own losers.

      Fourwayz's avatar - Trek Borgsym4.gif
      New Member
      Godwin, NC
      United States
      Member #38644
      May 2, 2006
      8 Posts
      Offline
      Posted: May 9, 2007, 10:29 am - IP Logged

      Nope, just another ploy to suck more money out of the areas of the state that are left out of the winning belt across the center of the state.

      More hay Trigger? "No thanks Roy, I'm stuffed."