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Idaho Raffle Changes

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

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HoLeeKau's avatar - YheaShea
Idaho
United States
Member #94283
July 17, 2010
2284 Posts
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Posted: October 23, 2012, 6:53 pm - IP Logged

I don't think I like the new prize structure.  They used to have at least 1 25K prize - maybe 2 but I can't remember for sure.  Now the 2nd highest prize is just $10K.  I wonder what prompted them to change this?  I think I'll just buy 1 ticket this year, just to be in it. 

There are 250K tickets selling for $10 each, which is the same as every year since the raffles started.

 

$1,000,000 RAFFLE PRIZES AND ODDS:
Prize amountNumber of winnersOdds 1:
$1,000,0001250,000
$10,000462,500
$1,000505,000
$1001000250
$501000250
$252400104
    HoLeeKau's avatar - YheaShea
    Idaho
    United States
    Member #94283
    July 17, 2010
    2284 Posts
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    Posted: October 30, 2012, 11:58 am - IP Logged

    This starts on Wednesday and I just got an email saying they will give a voucher with each ticket to enter for a $100 drawing each day.  That's an extra $6000 over the course of the promotion which does NOT make up for not having a $25K prize.

     

    Anyone else's state lottery getting greedier by the minute?

      RJOh's avatar - chipmunk
      mid-Ohio
      United States
      Member #9
      March 24, 2001
      19830 Posts
      Online
      Posted: October 30, 2012, 12:38 pm - IP Logged

      From your chart, it looks like they are planning on selling 250,000 ticket at $10 each which mean they plan on raising $2,500,000 and paying out $1,300,000 is prizes plus an addition $6,000 in promotional prizes.

      Not including the cost of retailers commission and the general cost of running a raffle, they are paying out 52% of sales in prizes.  What percent of sales are normally paid out in prizes that make you think there are getting greedy?

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

        HoLeeKau's avatar - YheaShea
        Idaho
        United States
        Member #94283
        July 17, 2010
        2284 Posts
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        Posted: October 30, 2012, 2:11 pm - IP Logged

        I dunno the percentage, I just know they eliminated some of the higher prizes.  The lower prizes don't make up for that.  Who wants to pay $10 for a chance at $100 bucks?  If I was gonna be happy with $100 I'd buy 10 $1 scratch tickets instead.  I'd rather eliminate some of the lower prizes (not all) if that's what it takes to get that $25K prize back.

         

        Maybe I'm in the minority, and maybe they got complaints in previous years from people who bought several tickets and won nothing.  Maybe they would be happier if they could at least win a hundred bucks.  Not me.

          RJOh's avatar - chipmunk
          mid-Ohio
          United States
          Member #9
          March 24, 2001
          19830 Posts
          Online
          Posted: October 30, 2012, 2:30 pm - IP Logged

          I dunno the percentage, I just know they eliminated some of the higher prizes.  The lower prizes don't make up for that.  Who wants to pay $10 for a chance at $100 bucks?  If I was gonna be happy with $100 I'd buy 10 $1 scratch tickets instead.  I'd rather eliminate some of the lower prizes (not all) if that's what it takes to get that $25K prize back.

           

          Maybe I'm in the minority, and maybe they got complaints in previous years from people who bought several tickets and won nothing.  Maybe they would be happier if they could at least win a hundred bucks.  Not me.

          I'd rather eliminate some of the lower prizes (not all) if that's what it takes to get that $25K prize back.

          PB did something like that when they doubled the price of their tickets and didn't double the payout amount of the lower prizes so the second prize could pay $1M and some players stop playing.

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

            HoLeeKau's avatar - YheaShea
            Idaho
            United States
            Member #94283
            July 17, 2010
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            Posted: October 30, 2012, 2:41 pm - IP Logged

            I see PowerBall differently than I do a raffle.  The odds of winning the PowerBall top prize is sooo long that many of us play for the lower prizes.  It's an ongoing game where you need to see a bit of money once in a while to keep going.   I see the raffle as something much closer to a scratch off game.  Limited time, limited number of tickets available, much better odds.

              RJOh's avatar - chipmunk
              mid-Ohio
              United States
              Member #9
              March 24, 2001
              19830 Posts
              Online
              Posted: October 30, 2012, 4:30 pm - IP Logged

              Make your mind, do you want better odds of winning something ($100 perhaps if you're lucky) or better odds of winning nothing if you don't win the $25000?

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


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                Member #111442
                May 25, 2011
                6323 Posts
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                Posted: October 30, 2012, 4:32 pm - IP Logged

                Make your mind, do you want better odds of winning something ($100 perhaps if you're lucky) or better odds of winning nothing if you don't win the $25000?

                Roll Eyes  (I'm thinking......)

                  HoLeeKau's avatar - YheaShea
                  Idaho
                  United States
                  Member #94283
                  July 17, 2010
                  2284 Posts
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                  Posted: October 30, 2012, 6:05 pm - IP Logged

                  Make your mind, do you want better odds of winning something ($100 perhaps if you're lucky) or better odds of winning nothing if you don't win the $25000?

                  For a $10 entry fee, I'd rather have a chance at the $25K.  Sure I'd love to win a hundred bucks, but not if that means I don't even have a chance at $25K.

                    HoLeeKau's avatar - YheaShea
                    Idaho
                    United States
                    Member #94283
                    July 17, 2010
                    2284 Posts
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                    Posted: November 22, 2012, 2:16 pm - IP Logged

                    Dunno if any other Idahoans are still hanging around, haven't seen y'all in a while.  But just in case, tomorrow (Black Friday) from noon to 3 MST you get a free Powerball ticket with the purchase of a raffle ticket.  Good chance to get in on the gigantic Powerball jackpot for free!