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is it true...

Topic closed. 13 replies. Last post 8 years ago by neverwins.

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Posted: October 1, 2008, 9:58 pm - IP Logged

That if the store that sells u a winning pick 5, 6 or mega ticket (jackpot win only) they only receive a $1,000 bonus? Thats what the guy told me at the store in Jersey..

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    Posted: October 1, 2008, 10:01 pm - IP Logged

    wll can't say that I know if it's true or not, but that's a bit rough on the store if that's the case! I always thought they received more, but can't say as I'm too sure.

     

    Amanda

      tiggs95's avatar - Lottery-036.jpg

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      Posted: October 1, 2008, 10:02 pm - IP Logged

      If you want to find the truth with no BS call the lottery headquarters in your state then you know what's what.......Good luck..

        JAP69's avatar - alas
        South Carolina
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        Posted: October 1, 2008, 10:06 pm - IP Logged

        That if the store that sells u a winning pick 5, 6 or mega ticket (jackpot win only) they only receive a $1,000 bonus? Thats what the guy told me at the store in Jersey..

        http://www.state.nj.us/lottery/general/6-5-1_retailer.htm

        MAGA

          RJOh's avatar - chipmunk
          mid-Ohio
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          Posted: October 1, 2008, 10:07 pm - IP Logged

          Each state has its own rules for paying retailers who sell the winning tickets and it's different for each game also.  Some years back when the largest MegaMillions jackpot was won by two different tickets, one in Michigan and the other in Illinois, the retailer in Michigan that sold one of the winning ticket got $2K  while the retailer in Chicago got $50K for selling the other winning ticket.   Most lotteries post that information somewhere on their websites.

           * you don't need to buy more tickets, just buy a winning ticket * 
             
                       Evil Looking       

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            Posted: October 1, 2008, 10:30 pm - IP Logged

            That if the store that sells u a winning pick 5, 6 or mega ticket (jackpot win only) they only receive a $1,000 bonus? Thats what the guy told me at the store in Jersey..

            JNE:

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            CHILL-OUT-U-(LUCKY-PERSON) U>MAY>BE

            the NEXT>>>>>>>>>>>>>>>>>>>>>>>>>>>!!!

            BIG>>>>WINNER>>>>>>>>>>>>>>>>>>>>>$$

            LOL....................................................$$$$$$$$$$

            PSYKOMO


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              Sunny California
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              Posted: October 2, 2008, 12:09 pm - IP Logged

              I was under the impression that the store received half of 1% of whatever the jackpot was. At least that's how much it was when I used to sell lottery tickets,here in CA,that is.

                Shawn67's avatar - Lottery-061.jpg

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                Posted: October 2, 2008, 12:16 pm - IP Logged

                I help manage a store in Oklahoma that sells lotto tickets. In the "great (aka: cheap)" state of Oklahoma, the retailer gets 1/2 of one percent on the "sale" of the ticket (amounts to about 1-cent/ticket), and nothing on the winnings of a ticket. As far as I know, we are the only state where the retailer gets nothing for selling a winner.

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                  Sunny California
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                  Posted: October 2, 2008, 5:41 pm - IP Logged

                  I help manage a store in Oklahoma that sells lotto tickets. In the "great (aka: cheap)" state of Oklahoma, the retailer gets 1/2 of one percent on the "sale" of the ticket (amounts to about 1-cent/ticket), and nothing on the winnings of a ticket. As far as I know, we are the only state where the retailer gets nothing for selling a winner.

                  That is a bummer! I can't believe you guys don't get anything for a winner. Boycott! LOL

                  When someone won a jackpot of $3 million at our store (after I quit) I heard the owner got around $18,000. Does that sound like half of one percent? My math's not too good today.

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                    NY
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                    Posted: October 2, 2008, 6:06 pm - IP Logged

                    wll can't say that I know if it's true or not, but that's a bit rough on the store if that's the case! I always thought they received more, but can't say as I'm too sure.

                     

                    Amanda

                    What exactly is rough about being paid $1000 for selling a $1 lottery ticket? It cost the store exactly as much to sell that ticket as it did to sell the losers. Many (probably most) states pay retailers for redeeming the winners, but the stores don't redeem the jackpot winners, so there's no cost to them.

                      Badger's avatar - adu50016 NorthAmericanBadger.jpg
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                      Posted: October 2, 2008, 8:52 pm - IP Logged

                      That if the store that sells u a winning pick 5, 6 or mega ticket (jackpot win only) they only receive a $1,000 bonus? Thats what the guy told me at the store in Jersey..

                      I think it depends upon the state involved.  They all do it differently, since it is state-run not national.  So how much they get depends upon what the particular state they are in has allowed by law.  At one time in WI the retailer got nothing.  Now, I think they get a small percent . That's only on a jackpot of course. Nothing on anything less.

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

                      How can you tell if a politician is lying?

                      Answer: His lips are moving.

                        djklaugh's avatar - Lottery-031.jpg
                        Portland,Oregon
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                        Posted: October 5, 2008, 9:15 pm - IP Logged

                        It really does depend on the state.  Here is what Washington State does for its retailers vis a vis lottery sales:

                         

                         

                        Benefits of Being a Retailer

                        Increase Profits

                        Earn money, make winners!
                        Let’s face it, who hasn’t dreamed about winning the Lottery? The link between dreams and reality is the Lottery retailer. Just take a look at the revenue-generating opportunity the Lottery offers…cha-ching!

                        • 6% commission on all Scratch ticket and Draw Game sales (except Mega Millions).
                        • 7% commission on all Mega Million sales.
                        • 1% bonus increase in the commission on all Lotto sales when Jackpots are $6 million or more.
                        • $50,000 selling bonus for selling a winning Mega Millions Jackpot ticket.
                        • $2,500 selling bonus for selling a winning second-tier Mega Millions ticket.
                        • Selling bonus equaling 1% of the jackpot for selling a winning Lotto Jackpot ticket.
                        • Selling bonus equaling 1% of the jackpot for selling a winning Hit 5 Cashpot ticket.
                        • Special retailer incentives during specified sales promotions.

                         

                        And Oregon says this (from  the FAQ section for retailers):

                        How much money will I make?

                        A This answer depends on a lot of variables, of course. It will depend on what products you sell, the

                        location of your business, etc. Your local Field Sales Representative can share some average sales

                        figures with you for your area. Here is a list of Commission Rates for all types of Lottery products. In

                        addition to Commissions, some Retailers are eligible for bonuses and incentives.

                        For Traditional Games (all games other than Video Lottery), the compensation you receive

                        depends on the volume of Lottery product sold at your business every week. The following rates

                        apply, generally. Please refer to the Retailer Contract for specific details.

                        Amount Sold per Week Compensation - Percent of Gross Sales

                        Up to $1,000 5.0%

                        $1,001 to $2,000 7.0%

                        $2,001 to $3,000 7.5%

                        $3,001 to $4,000 8.0%

                        $4,001 to $5,000 8.5%

                        $5,001 to $6,000 9.0%

                        $6,001 to $7,000 9.5%

                        $7,001 and up 10.0%

                        For Video Lottery, the percentage retailers receive is calculated on a percentage of

                         

                        net

                        receipts.

                        Djklaugh

                          Some things have to be believed to be seen.

                        "I have not failed. I have just found ten thousand things that don't work".  Thomas Edison

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                          Posted: October 5, 2008, 10:46 pm - IP Logged

                          I believe a Powerball Jackpot winning ticket selling store OWNER gets $100,000 in the stores' name.

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                            Posted: October 9, 2008, 10:18 pm - IP Logged

                            KY Floyd - I agree with your post. I guess I just think that there should be a little more incentive in some states for the retailers if they sell a winner. I mean at the end of the day they're still making money, so they're still happy!

                             

                            Actually when you think about it, in the states where they give a good payout, the retailers are in the best position to win something, cos every ticket they sell could win them cash! far better odds than someone buying 1 or 2!

                             

                            Amanda Drum