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MI Change Play hits all time low!

Topic closed. 19 replies. Last post 13 years ago by CASH Only.

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Bradly_60's avatar - disney37
Atlantic Mine, Michigan
United States
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June 23, 2002
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Posted: June 1, 2003, 7:11 pm - IP Logged

haha....how funny a $.25 pay only paid out $75.  what a game hey....when it came out they were calling for thousands of dollar prizes....that game won't be here long trust me.

Brad


    United States
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    June 5, 2002
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    Posted: June 1, 2003, 9:30 pm - IP Logged

    There were $75 prizes last weekend (Memorial Day wknd).

      RJOh's avatar - chipmunk
      mid-Ohio
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      March 24, 2001
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      Posted: June 1, 2003, 11:07 pm - IP Logged

      How can any prize money be generated with a 25¢ ticket  if the state takes half the money and the store gets a nickle for processing the ticket?  You might as well ask the state to take your loose change because you aren't willing to wait till you have a dollar worth for a regular lottery ticket.

      RJOh


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        Posted: June 2, 2003, 5:19 am - IP Logged
        RJ:

        The 5% or 6% or whatever commission (6% in NY) Michigan retailers get is PER DOLLAR, so, a store would most likely make 1.25c-1.5c on a 25c Michigan        "Change Play" ticket.

        The "breakage" (a term used in horse racing, etc for rounding down winning bets) in Change Play is high, since apparently all payoffs are 100x, 200x, 300x etc the wager ($75.00/25c=300.)

          RJOh's avatar - chipmunk
          mid-Ohio
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          Posted: June 2, 2003, 8:29 am - IP Logged

          Cash,

          I'm surprise any store would be willing to handle anything for 1.5¢.  Sounds like the state is the only one making any money on this deal.

          RJOh


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            Posted: June 2, 2003, 9:05 am - IP Logged
            RJ:

            I suppose a store employee is "obligated" to sell a Change Play ticket if the customer wants one. I don't think many businesses with lottery make more from selling tickets than of any other product, although they probably rely less on tobacco sales now.


              United States
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              Posted: June 7, 2003, 1:42 am - IP Logged

              Did Georgia and Michigan ever think players would quickly tire of the game because so few win ANYTHING?

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                United States
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                June 30, 2002
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                Posted: June 7, 2003, 6:34 am - IP Logged

                CASH,

                I bet more people would play if they used your 3/99 idea.


                  United States
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                  Posted: June 7, 2003, 6:40 am - IP Logged
                  smd:

                  Did you see that the UK wants to sell 1p tickets (1.60c-1.65c)? But they supposedly would have TENS of THOUSANDS of winners each night.

                  My 3/99, of course, would allow MANY MORE winners, with multiple bets on one ticket possible, and multi-draw capabilities (the latter on 50c bets).


                    United States
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                    June 5, 2002
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                    Posted: June 9, 2003, 12:46 am - IP Logged

                    Three of last night's (6/8) six winners get $100. Another wins $108.


                      United States
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                      Posted: June 10, 2003, 1:32 am - IP Logged
                      You would think by now SOMEBODY would have written a story on how both "change games" have become flops.

                      To me, at least, it's obvious.

                        RJOh's avatar - chipmunk
                        mid-Ohio
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                        Posted: June 10, 2003, 2:19 am - IP Logged

                        The Change game is not a flop.  It's a penny game that pays pennies to its winner.  It's like buying penny stocks, you can't lose much and you can't make much.

                        RJOh


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                          Posted: June 10, 2003, 5:22 am - IP Logged
                          RJ:

                          When the Michigan game started, at least one ticket won over $10,000. These days it's rare for a ticket to rake in $500.


                            United States
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                            Posted: June 13, 2003, 4:54 am - IP Logged

                            I predict that both change games (Georgia & Michigan)will be gone before the next MM rollover series ends with a $100m+ jackpot.


                              United States
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                              June 5, 2002
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                              Posted: June 15, 2003, 6:26 pm - IP Logged

                              Only $800 in prizes tonight (Sun 6/15), which means there was less than $2000 played STATEWIDE.