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Raffle Idea

Topic closed. 4 replies. Last post 9 years ago by johnph77.

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Think's avatar - lightbulb
Marquette, MI
United States
Member #20541
August 20, 2005
705 Posts
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Posted: January 4, 2008, 9:59 pm - IP Logged

Here is a raffle idea I am sure MI will never use-

Bump the $20 tickets up to $30 one time per year and give all the extra money away as 240 $25,000 prizes.  Maybe X-Mas or 4 July? 

    Badger's avatar - adu50016 NorthAmericanBadger.jpg
    Wisconsin
    United States
    Member #1303
    March 27, 2003
    1508 Posts
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    Posted: January 5, 2008, 10:33 am - IP Logged

    Here is a raffle idea I am sure MI will never use-

    Bump the $20 tickets up to $30 one time per year and give all the extra money away as 240 $25,000 prizes.  Maybe X-Mas or 4 July? 

    You're correct.  It will never happen.  Not in any state.  Lotteries are in existence to make profits.  No profit in giving away all the player's money back to the players.

    ============

    How can you tell if a politician is lying?

    Answer: His lips are moving.

      bashley572's avatar - starwars14
      West Side of Sunny Florida
      United States
      Member #55048
      September 8, 2007
      3371 Posts
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      Posted: January 5, 2008, 1:07 pm - IP Logged

      You're correct.  It will never happen.  Not in any state.  Lotteries are in existence to make profits.  No profit in giving away all the player's money back to the players.

      Actually it might be an excellent form of profit.  If they were able to increase the sales of that specific game by over 100% what does the state care that the extra $10 went back to the palyer.  They keep the profits on the extra sales. 

      But finding someone at the lottery that thinks that way -  impossible.

      Money won is twice as good as money earned!

        Badger's avatar - adu50016 NorthAmericanBadger.jpg
        Wisconsin
        United States
        Member #1303
        March 27, 2003
        1508 Posts
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        Posted: January 5, 2008, 8:24 pm - IP Logged

        Actually it might be an excellent form of profit.  If they were able to increase the sales of that specific game by over 100% what does the state care that the extra $10 went back to the palyer.  They keep the profits on the extra sales. 

        But finding someone at the lottery that thinks that way -  impossible.

        My understanding of the suggestion was that all the money played (which would include the profit) be returned as prizes to the players.  Therefore, it would never happen.

        ============

        How can you tell if a politician is lying?

        Answer: His lips are moving.

          johnph77's avatar - avatar
          CA
          United States
          Member #2987
          December 10, 2003
          832 Posts
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          Posted: January 6, 2008, 9:02 am - IP Logged

          What the proposal is talking about is a $6,000,000 payout. Just to cover the payout costs would entail printing and selling an additional 600,000 game tickets. If the raffle operator wanted to keep the payout percentage to the usual 50%, double that. Most raffle offerings simply aren't that large in order to enable the sale of all availablle raffle tickets in the shortest time possible.

          Blessed Saint Leibowitz, keep 'em dreamin' down there..... 

          Next week's convention for Psychics and Prognosticators has been cancelled due to unforeseen circumstances.

           =^.^=