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Discovery - New PA Raffle Game Change

Topic closed. 67 replies. Last post 1 year ago by GiveFive.

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Posted: October 6, 2015, 6:02 pm - IP Logged

I bought a ticket late this morning and it was under 110,000 and it was over when you bought one. I bought a ticket on Sep 30th ... so in 6 days they have sold just over 27,000 tickets.

That's not bad for 6 days ... if that continues every 6 days and sales also pick up in the last 3 weeks ... they might get to 300,000 tickets sold, at least to have money for all the prizes with a small profit.

There may be many people waiting for the last two weeks and also from out of state.

Let's hope for the best ... that the Raffle doesn't end.

CW

I was looking at the calendar today and trying to decide when I might buy my tickets.  I decided that I'll probably hold off until late in the week of the 18th. Maybe the 23 or 24.  G5

About playing the lottery --  You will lose more than you win. Until you hit a jackpot.  Then everything changes!

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    Pa
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    December 22, 2014
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    Posted: October 9, 2015, 1:16 pm - IP Logged

    Tickets as of this AM were in the 123000 range. Less than 22 days to go.

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      Philly, PA
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      July 4, 2010
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      Posted: October 11, 2015, 4:32 pm - IP Logged

      Won $20 on a scratcher and bought another ticket- 136000.

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        Pa
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        Posted: October 13, 2015, 6:29 am - IP Logged

        These are selling about 6000 per day.  The odds of willing a million will probably be the best ever for a PA lottery game, assuming they dont cut the prize structure.

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          United States
          Member #161539
          December 3, 2014
          328 Posts
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          Posted: October 13, 2015, 7:17 am - IP Logged

          These are selling about 6000 per day.  The odds of willing a million will probably be the best ever for a PA lottery game, assuming they dont cut the prize structure.

          Yes, that number seems about right ... between 6,000 to 7,000 tickets a day. I'm still looking for a pickup in ticket sales starting next week ... but that may not happen this time.

          So now the question is ... will this be the last raffle with the "best odds" ever? I have decided to put more money into raffle tickets starting this past Saturday.

          This is the big unknown factor ... will ticket sales pick up dramatically the last two weeks or not ?

          I have been getting a few tickets here and there but if ticket sales do not pick up ... then I decided that I don't want to buy all or most of my tickets in the last week or two weeks of the raffle.

          I think it's probably a good idea to spread ticket purchases out over the last 2 1/2 weeks. If all the prizes are awarded and the Lottery has always said all prizes would be awarded ... no matter what. However, maybe that rule was changed in the "fine print" for this raffle.

          I am going on the assumption that all prizes will be awarded at a possible loss to the Lottery ... so this could be the "last" best chance ever for these kind of odds for any lottery game in PA.

          I started Saturday buying a raffle ticket every day so far and will continue to do so to Sat Oct 31. I will just cut my spending on all other lottery games into Nov and Dec ... I can't let a chance like this slip away.

          It's a gamble that might pay off or maybe I'll have a bunch of worthless tickets in the end. That's what gambling is all about, I guess ... whether a person is looking for gold or a winning lottery ticket.

          As some other states have done ... maybe the raffle drawing will be delayed for a few days or a week until enough tickets are sold to cover all the prizes ... have no idea how this is going to play out.

          Even if they sell only 200,000 total tickets ... there are only 6,000 winning tickets, so there will still be a huge pile of worthless tickets scattered around. I figure to have a good many of them myself ... but I hold out some hope that one or two might win something.

          Perhaps, if this should be the last PA raffle ... maybe my tickets will be worth something if I sell them on eBay someday.

          CW

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            December 3, 2014
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            Posted: October 13, 2015, 8:26 am - IP Logged

            Just to add to my last post about the "best ever odds" for a PA lottery game. That was probably last December when the MONOPOLY MILLIONAIRES' CLUB game ended.

            The PA Lottery said they were going to distribute all the money leftover from the game ending ... most people, including myself, had no idea how much money that would actually be. I only bought one ticket but after seeing the payout results ... I wish I had bought at least 20 tickets ($100).

            I never figured out the final odds but that is probably the best payout ever for a PA lottery game.

            The payout results for Dec 19th were normal and Dec 26th were out of sight.

            You will see that 2 out of 5 numbers paid $5 on Dec 19th and on Dec 26th, the payout was $97.50.

            You will see that 4 out of 5 numbers paid $500 on Dec 19th and on Dec 26th, the payout was $9,191.00

            That was a missed opportunity on my part ...

             

            MONOPOLY MILLIONAIRES' CLUB


            12/19/2014

            No Top Prize was awarded. There were no Millionaires' Club Prize numbers drawn.

            Winning Numbers: 03  08  28  50  52
            Property: 10 - Virginia Avenue

            0 players matched 5 of 5 and the Property, next estimated Top Prize is $25,000,000.00
            0 players matched 5 of 5, each receiving $100,000.00
            0 players matched 4 of 5 and the Property, each receiving $20,000.00
            6 players matched 4 of 5, each receiving $500.00
            4 players matched 3 of 5 and the Property, each receiving $250.00
            128 players matched 2 of 5 and the Property, each receiving $25.00
            236 players matched 3 of 5, each receiving $20.00
            758 players matched 1 of 5 and the Property, each receiving $10.00
            1,314 players matched the Property, each receiving $7.00
            3,741 players matched 2 of 5, each receiving $5.00


            12/26/2014

            Winning Numbers: 16  17  25  31  51
            Property: 22 - Marvin Gardens

            0 players matched 5 of 5 and the Property, next estimated Top Prize is
            0 players matched 5 of 5, each receiving $100,000.00
            1 players matched 4 of 5 and the Property, each receiving $97,253.00
            6 players matched 4 of 5, each receiving $9,191.00
            6 players matched 3 of 5 and the Property, each receiving $7,653.50
            152 players matched 2 of 5 and the Property, each receiving $463.50
            265 players matched 3 of 5, each receiving $382.50
            847 players matched 1 of 5 and the Property, each receiving $183.50
            1,375 players matched the Property, each receiving $135.50
            3,905 players matched 2 of 5, each receiving $97.50

            ...

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              Pa
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              Posted: October 13, 2015, 8:31 pm - IP Logged

              Sounds like a decent strategy, sales  should finally hit 150K tomorrow with 18 days left. I am going to guess sales will hit 325K.

               

              I read over the Pa bulletin describing the raffle and is says this:

              The odds of winning are based on selling all 500,000 tickets. If all 500,000 tickets are not sold, the odds of winning will depend on the total number of tickets sold. All Pennsylvania Millionaire Raffle XXI lottery game prize payments, including first-prize-tier prizes, will be made as one-time lump-sum cash payments. Federal income tax withholding will be automatically deducted from the lump-sum cash payment for all first-prize-tier and second-prize-tier prizes.

               10. Consumer Promotional Programs: The Lottery may conduct promotional activities to promote the sale of Pennsylvania Millionaire Raffle XXI lottery game tickets, including offering tickets at a discounted price. Details of any such offering will be disseminated through media used to advertise or promote the Pennsylvania Millionaire Raffle XXI lottery game or through normal communications methods.

               

              15. Governing Law: In purchasing a ticket, the customer agrees to comply with and abide by the State Lottery Law (72 P. S. §§ 3761-101—3761-314), 61 Pa. Code Part V (relating to State Lotteries) and the provisions contained in this notice.

               

              http://www.pabulletin.com/secure/data/vol45/45-34/1555.html

              No mention of reducing payouts or extending the sale date. I did not read State Lottery Law, but that is probably the fine print.

                GiveFive's avatar - Lottery-026.jpg
                NY State
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                Posted: October 13, 2015, 9:10 pm - IP Logged

                These are selling about 6000 per day.  The odds of willing a million will probably be the best ever for a PA lottery game, assuming they dont cut the prize structure.

                Thanks for posting this information.  I'm an out of state player (I live in New York State) and probably wont be buying until late in the week of Oct 18th or possibly even the week of Oct 25th.  Because I can only make one trip to PA, I'm stuck with buying all my tickets in one shot.  It's a one hour drive over to PA from where I live, and as much as I'd like to make more than one trip, it's very unlikely that's going to happen.  G5

                About playing the lottery --  You will lose more than you win. Until you hit a jackpot.  Then everything changes!

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                  December 3, 2014
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                  Posted: October 14, 2015, 6:18 am - IP Logged

                  Sounds like a decent strategy, sales  should finally hit 150K tomorrow with 18 days left. I am going to guess sales will hit 325K.

                   

                  I read over the Pa bulletin describing the raffle and is says this:

                  The odds of winning are based on selling all 500,000 tickets. If all 500,000 tickets are not sold, the odds of winning will depend on the total number of tickets sold. All Pennsylvania Millionaire Raffle XXI lottery game prize payments, including first-prize-tier prizes, will be made as one-time lump-sum cash payments. Federal income tax withholding will be automatically deducted from the lump-sum cash payment for all first-prize-tier and second-prize-tier prizes.

                   10. Consumer Promotional Programs: The Lottery may conduct promotional activities to promote the sale of Pennsylvania Millionaire Raffle XXI lottery game tickets, including offering tickets at a discounted price. Details of any such offering will be disseminated through media used to advertise or promote the Pennsylvania Millionaire Raffle XXI lottery game or through normal communications methods.

                   

                  15. Governing Law: In purchasing a ticket, the customer agrees to comply with and abide by the State Lottery Law (72 P. S. §§ 3761-101—3761-314), 61 Pa. Code Part V (relating to State Lotteries) and the provisions contained in this notice.

                   

                  http://www.pabulletin.com/secure/data/vol45/45-34/1555.html

                  No mention of reducing payouts or extending the sale date. I did not read State Lottery Law, but that is probably the fine print.

                  Yes, I also think they will probably sell around 325,000 tickets ... that would work to keep the Raffle around in the future. They still make a small or good profit and players have one game with good odds going off four times a year ... but there still could be a mad rush for tickets in the last two weeks.

                  Hard to know what will make the Lottery happy however ... they might still decide to pull the plug or make changes to the game. I say as long as they are not loosing money then keep the raffle going every three months ... let the players have one game to play with good odds and four chances to win a million dollars.

                  G5 ... just having a ticket or tickets will be the main thing. In 2006 I decided to buy 25 raffle tickets ($500) and I was buying them spread out at 4 or 5 a week and I won nothing ... at that time the Lottery was selling 625,000 total tickets, so there were a lot of tickets around. I said that I would never do that again ... and would usually just buy 3 to 5 tickets ... sometimes 7 or 10 tickets and one time I only bought 1 ticket.

                  Just decided to try some extra tickets with the chance that this raffle might be under 400,000 total tickets sold. Maybe they will decide to sell less tickets next time but the Lottery will also have to change the prize structure to less prizes.That's why I hope selling 300,000 to 350,000 tickets will keep the raffle game going with no changes in the future.

                  If they do make changes then I may not play anymore ... just drive up to MA to play their Mass-Cash game ... you can buy tickets for 30 days in advance with a chance to win $100,000 or more with a 35 number game instead 43 numbers in the PA Cash 5 game. The people in MA are very lucky to have that game ... if you have a set numbers that you like and you play them on two or three tickets, then you get $100,000 on each ticket ... no splitting any jackpot money. A person could have a set of numbers played on five tickets and win $500,000 ... it could happen.

                  Just to add, when I bought my ticket yesterday ... it was one day and two hours (26 hrs) since I bought my ticket on Monday ... only 5,500 tickets had been sold, not even 6,000 but Monday was a holiday and that might have kept sales down ... people busy doing other things.

                  Good luck,

                  ...

                    GiveFive's avatar - Lottery-026.jpg
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                    Posted: October 14, 2015, 8:00 am - IP Logged

                    Yes, I also think they will probably sell around 325,000 tickets ... that would work to keep the Raffle around in the future. They still make a small or good profit and players have one game with good odds going off four times a year ... but there still could be a mad rush for tickets in the last two weeks.

                    Hard to know what will make the Lottery happy however ... they might still decide to pull the plug or make changes to the game. I say as long as they are not loosing money then keep the raffle going every three months ... let the players have one game to play with good odds and four chances to win a million dollars.

                    G5 ... just having a ticket or tickets will be the main thing. In 2006 I decided to buy 25 raffle tickets ($500) and I was buying them spread out at 4 or 5 a week and I won nothing ... at that time the Lottery was selling 625,000 total tickets, so there were a lot of tickets around. I said that I would never do that again ... and would usually just buy 3 to 5 tickets ... sometimes 7 or 10 tickets and one time I only bought 1 ticket.

                    Just decided to try some extra tickets with the chance that this raffle might be under 400,000 total tickets sold. Maybe they will decide to sell less tickets next time but the Lottery will also have to change the prize structure to less prizes.That's why I hope selling 300,000 to 350,000 tickets will keep the raffle game going with no changes in the future.

                    If they do make changes then I may not play anymore ... just drive up to MA to play their Mass-Cash game ... you can buy tickets for 30 days in advance with a chance to win $100,000 or more with a 35 number game instead 43 numbers in the PA Cash 5 game. The people in MA are very lucky to have that game ... if you have a set numbers that you like and you play them on two or three tickets, then you get $100,000 on each ticket ... no splitting any jackpot money. A person could have a set of numbers played on five tickets and win $500,000 ... it could happen.

                    Just to add, when I bought my ticket yesterday ... it was one day and two hours (26 hrs) since I bought my ticket on Monday ... only 5,500 tickets had been sold, not even 6,000 but Monday was a holiday and that might have kept sales down ... people busy doing other things.

                    Good luck,

                    ...

                    CW - Agreed Mass Cash is the best Pick5 game in The Northeastern United States.  One thing about it though for people reading this that may be interested in traveling to Massachusetts (as I did from NY) to buy Mass Cash tickets, the game IS NOT pari-mutuel.

                    And that's a GOOD thing when you have 5 numbers!  But it also means that the lower tier prizes are modest at best.  Having 4 numbers will get you $250.  3 numbers is good for $10.  G5

                    About playing the lottery --  You will lose more than you win. Until you hit a jackpot.  Then everything changes!

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                      Wyomissing, PA
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                      November 15, 2014
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                      Posted: October 14, 2015, 9:49 am - IP Logged

                      At the current rate, taking into account the increase in sales near the end, 350,000 appears realistic. Even 400,000 is possible, though, at this point, seems a stretch.

                      If only 400,000 sell, the odds improve to the following (overall payback % improves to ~64% verses ~51%):

                      Top Prize 4 $1,000,000 1 in 100,000 (from 125,000)
                      Second Prize 4 $100,000 1 in 100,000 (from 125,000)
                      Third Prize 100 $1,000 1 in 4,000 (from 5,000)
                      Fourth Prize 5,892 $100 1 in 67.89 (from 84.86)
                      Totals 6,000 $5,089,200 1 in 66.67 (from 83.33)

                      If only 300,000 sell, which seems overly pessimistic, odds improve to (overall payback % improves to ~85% verses ~51%):

                      Top Prize 4 $1,000,000 1 in 75,000 (from 125,000)
                      Second Prize 4 $100,000 1 in 75,000 (from 125,000)
                      Third Prize 100 $1,000 1 in 3,000 (from 5,000)
                      Fourth Prize 5,892 $100 1 in 50.92 (from 84.86)
                      Totals 6,000 $5,089,200 1 in 50 (from 83.33)

                      So while the odds could be much better than advertised due to low ticket sales, winning something isn't a slamdunk. 1 in 75,000 is still slim. Heck, even winning the 4th prize isn't all that easy. 1 in 50, while better than 1 in ~83 isn't that easy to hit. Even if one spends $200 on 10 tickets, odds are 5 to 1 of winning zilch. In contrast, one could spend that same $200 on 10 $20 instant tickets and very likely get at least two winners to win $40+ back, and possibly hit for much more.

                      Another way to decide whether to go heavy on the raffle, is to view it this way. At 400,000 tickets sold, the overall payback percentage of ~64% is still somewhat worse than $20 instant games, which often have 70-75% payback, available right now, everyday. However, if one has reasonable confidence in ticket sales being far below 400,000, then it's possible the raffle will have a payback percentage, possibly upwards of 85%, better than anything else PA offers. However, to reiterate, at well over 400,000+ tickets sold, $20 instants have better overall payback. Something to keep in mind, if going all in on the raffle.

                      I currently have 1 ticket, and may buy some more, but not going on all in. Pick 5 is another avenue of winning $1 million with better odds and about the same payback percentage as the raffle 50% verses ~51%. $20 instants have better overall payback, and odds are far better of winning something than the raffle. 1 out of every ~3 $20 instants is a winner verses 1 in 50 for the raffle, at best, assuming only 300,000 tickets sell.

                      With all that said, I like the raffle concept, and hope the PA Lottery continues it. But it definitely needs some rework. In my view, run it monthly with 100,000 or so tickets offered each time. And/or offer a high-stakes raffle, such as 50,000 tickets at $50 or even $100 each. I'd buy one, and so would many others. Texas has long offered $50 instants, and they sell. There's a small, but solid market for high-wager players. PA should tap into that instead of marketing the raffle to the average lottery player who is hesitant to spend more than a few dollars on a numbers ticket.

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                        Posted: October 14, 2015, 11:32 am - IP Logged

                        At the current rate, taking into account the increase in sales near the end, 350,000 appears realistic. Even 400,000 is possible, though, at this point, seems a stretch.

                        If only 400,000 sell, the odds improve to the following (overall payback % improves to ~64% verses ~51%):

                        Top Prize 4 $1,000,000 1 in 100,000 (from 125,000)
                        Second Prize 4 $100,000 1 in 100,000 (from 125,000)
                        Third Prize 100 $1,000 1 in 4,000 (from 5,000)
                        Fourth Prize 5,892 $100 1 in 67.89 (from 84.86)
                        Totals 6,000 $5,089,200 1 in 66.67 (from 83.33)

                        If only 300,000 sell, which seems overly pessimistic, odds improve to (overall payback % improves to ~85% verses ~51%):

                        Top Prize 4 $1,000,000 1 in 75,000 (from 125,000)
                        Second Prize 4 $100,000 1 in 75,000 (from 125,000)
                        Third Prize 100 $1,000 1 in 3,000 (from 5,000)
                        Fourth Prize 5,892 $100 1 in 50.92 (from 84.86)
                        Totals 6,000 $5,089,200 1 in 50 (from 83.33)

                        So while the odds could be much better than advertised due to low ticket sales, winning something isn't a slamdunk. 1 in 75,000 is still slim. Heck, even winning the 4th prize isn't all that easy. 1 in 50, while better than 1 in ~83 isn't that easy to hit. Even if one spends $200 on 10 tickets, odds are 5 to 1 of winning zilch. In contrast, one could spend that same $200 on 10 $20 instant tickets and very likely get at least two winners to win $40+ back, and possibly hit for much more.

                        Another way to decide whether to go heavy on the raffle, is to view it this way. At 400,000 tickets sold, the overall payback percentage of ~64% is still somewhat worse than $20 instant games, which often have 70-75% payback, available right now, everyday. However, if one has reasonable confidence in ticket sales being far below 400,000, then it's possible the raffle will have a payback percentage, possibly upwards of 85%, better than anything else PA offers. However, to reiterate, at well over 400,000+ tickets sold, $20 instants have better overall payback. Something to keep in mind, if going all in on the raffle.

                        I currently have 1 ticket, and may buy some more, but not going on all in. Pick 5 is another avenue of winning $1 million with better odds and about the same payback percentage as the raffle 50% verses ~51%. $20 instants have better overall payback, and odds are far better of winning something than the raffle. 1 out of every ~3 $20 instants is a winner verses 1 in 50 for the raffle, at best, assuming only 300,000 tickets sell.

                        With all that said, I like the raffle concept, and hope the PA Lottery continues it. But it definitely needs some rework. In my view, run it monthly with 100,000 or so tickets offered each time. And/or offer a high-stakes raffle, such as 50,000 tickets at $50 or even $100 each. I'd buy one, and so would many others. Texas has long offered $50 instants, and they sell. There's a small, but solid market for high-wager players. PA should tap into that instead of marketing the raffle to the average lottery player who is hesitant to spend more than a few dollars on a numbers ticket.

                        Ron ... you have some great ideas, yes I would also buy a $50 or $100 raffle ticket with very good odds or lower number of tickets ... of course I would only be buying one ticket. I also like the idea of a raffle game every month ... maybe 100,000 total tickets sold as you mentioned.

                        However, I hope the Lottery will just leave the game alone for now and try the new format a few more times. They don't have to make a killing on every raffle game ... as long as they can cover all the prizes and make a small profit, they can keep it going.

                        I just bought a ticket just short of 24 hrs from yesterday ... 23.5 hrs ... it was just under 149,000 so later today they should go over 150,000 tickets sold.

                        In 24 hrs they sold just under 5,000 tickets ... so that seems to be the new daily sales number.

                        I will correct something from my earlier post ... I said I had started buying a ticket everyday starting last Sat ... it was Sunday that I started buying a ticket everyday ... so far.

                        That's another thing, I said I had planned to buy a ticket everyday through Oct 30th ... so far I have but that could change later due to finances. It's a day to day thing but I will watch ticket sales ... if they stay low then I may continue buying tickets.

                        Thanks for figuring the various odds on different ticket sale totals ... I was going to try and figure all that out later today.

                        Like you said ... even with only 100,000 tickets sold or 200,000 tickets ... with only 6,000 winning tickets, it's still a hard game to win at ... remember, there are only 8 "super prizes" out of those 6,000 tickets ... even with only 50,000 tickets sold, it would still be hard trying to win one of those four million dollar prizes or $100,000 prizes.

                        Odds really don't mean too much, only to the people that actually win something. I have not been winning very much in Sep and so far in Oct with the lottery ... I just figured I will drop all the games and buy more raffle tickets. I've not had a good year with the PA Lottery ... just two weeks ago I would have had four numbers in the Mass-Cash game but I have no tickets. I have a few combos that I would play and they have been doing OK ... I can win nothing with the Cash 5 game in PA ... I play it a little heavy when the jackpot is around $1 million but I am going to cut back on that also.

                        You mentioned a better payback with a $20 scratch off ticket ... but you never know if all the big winning tickets are out there or are they being held back in a warehouse somewhere to be put out later ... lots of money spent for nothing.

                        CW

                          GiveFive's avatar - Lottery-026.jpg
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                          Posted: October 14, 2015, 5:19 pm - IP Logged

                          At the current rate, taking into account the increase in sales near the end, 350,000 appears realistic. Even 400,000 is possible, though, at this point, seems a stretch.

                          If only 400,000 sell, the odds improve to the following (overall payback % improves to ~64% verses ~51%):

                          Top Prize 4 $1,000,000 1 in 100,000 (from 125,000)
                          Second Prize 4 $100,000 1 in 100,000 (from 125,000)
                          Third Prize 100 $1,000 1 in 4,000 (from 5,000)
                          Fourth Prize 5,892 $100 1 in 67.89 (from 84.86)
                          Totals 6,000 $5,089,200 1 in 66.67 (from 83.33)

                          If only 300,000 sell, which seems overly pessimistic, odds improve to (overall payback % improves to ~85% verses ~51%):

                          Top Prize 4 $1,000,000 1 in 75,000 (from 125,000)
                          Second Prize 4 $100,000 1 in 75,000 (from 125,000)
                          Third Prize 100 $1,000 1 in 3,000 (from 5,000)
                          Fourth Prize 5,892 $100 1 in 50.92 (from 84.86)
                          Totals 6,000 $5,089,200 1 in 50 (from 83.33)

                          So while the odds could be much better than advertised due to low ticket sales, winning something isn't a slamdunk. 1 in 75,000 is still slim. Heck, even winning the 4th prize isn't all that easy. 1 in 50, while better than 1 in ~83 isn't that easy to hit. Even if one spends $200 on 10 tickets, odds are 5 to 1 of winning zilch. In contrast, one could spend that same $200 on 10 $20 instant tickets and very likely get at least two winners to win $40+ back, and possibly hit for much more.

                          Another way to decide whether to go heavy on the raffle, is to view it this way. At 400,000 tickets sold, the overall payback percentage of ~64% is still somewhat worse than $20 instant games, which often have 70-75% payback, available right now, everyday. However, if one has reasonable confidence in ticket sales being far below 400,000, then it's possible the raffle will have a payback percentage, possibly upwards of 85%, better than anything else PA offers. However, to reiterate, at well over 400,000+ tickets sold, $20 instants have better overall payback. Something to keep in mind, if going all in on the raffle.

                          I currently have 1 ticket, and may buy some more, but not going on all in. Pick 5 is another avenue of winning $1 million with better odds and about the same payback percentage as the raffle 50% verses ~51%. $20 instants have better overall payback, and odds are far better of winning something than the raffle. 1 out of every ~3 $20 instants is a winner verses 1 in 50 for the raffle, at best, assuming only 300,000 tickets sell.

                          With all that said, I like the raffle concept, and hope the PA Lottery continues it. But it definitely needs some rework. In my view, run it monthly with 100,000 or so tickets offered each time. And/or offer a high-stakes raffle, such as 50,000 tickets at $50 or even $100 each. I'd buy one, and so would many others. Texas has long offered $50 instants, and they sell. There's a small, but solid market for high-wager players. PA should tap into that instead of marketing the raffle to the average lottery player who is hesitant to spend more than a few dollars on a numbers ticket.

                          Thanks so much for an utterly fantastic post!!!

                          Lots of food for thought in there, especially the payback percentage comparison to $20 scratch offs.  That's something I have never considered. I'm in New York and I've no idea what the payback percentage is on $20 scratch offs here, but I would think that it's commensurate with PA's.  But then for me personally, I'm not much a scratch offs player.  I indulge myself with them every once in a blue moon, but that's all.  I'm planning on buying at least 6 PA raffle tickets, maybe a few more, it all depends upon what the checkbook will allow.

                          Here's hoping they only sell 300,000 raffle tickets!  G5

                          About playing the lottery --  You will lose more than you win. Until you hit a jackpot.  Then everything changes!

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                            Pa
                            United States
                            Member #162117
                            December 22, 2014
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                            Posted: October 14, 2015, 9:54 pm - IP Logged

                            Thanks Ron for the write up.

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                              United States
                              Member #161539
                              December 3, 2014
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                              Posted: October 15, 2015, 1:14 pm - IP Logged

                              OK ... I am going to make a prediction of the final number of tickets sold in the PA Raffle. Of course this means nothing but just for fun I am going to use the figures I currently have ... I am figuring around 260,000 total tickets sold when the raffle ends.

                              I bought a ticket today 25.5 hours from my last ticket purchase yesterday ... exactly 6001 tickets were sold during that time ... current number just under 154,000.

                              So ticket sales have been around 5,000 to 6,000 a day over the last few days ... there are 17 days left for ticket sales.

                              With 155,000 tickets currently sold ... there are 17 days left with 6,000 tickets possibly being sold each day.

                              That amounts to another 102,000 tickets sold ... final total number of tickets sold ... 257,000.

                              Of course two or three things can change that final figure ... ticket sales could pick up over the last two weeks or the Lottery could decide to postpone the drawing for a few days to a week so all prizes are covered.

                              The drawing could go off as scheduled with a possible loss to the Lottery.

                              It's a big unknown just how everything will play out ... but it might be that 300,000 tickets will be sold and the Lottery makes a small profit and will have another raffle.

                              ...