This is what I posted last week. It is the worst value on offer from NL. The normal pay-out is 52% but this is over 130% at the moment with the €19.1m carry forward.I was given a ticket for this for Christmas and the draw takes place this evening.
Just had a look and the raffle is sold out at 500,000 tickets at €25 each- €12,500,000
The listed prizes are as follows
• 1 Prize of €1,000,000
• 4 Prizes of €100,000
• 10 Prizes of €10,000
• 30 Prizes of €5,000
• 165 Prizes of €1,000
• 6000 Prizes of €500
Total of €4,815,000. They surely cannot be making €7,685,000 on this draw. I know that some proceeds are given to various causes but this seems extremely excessive.
Does anyone have any information on the profits v's money given to charitable causes for the year for the national lottery?
I think the Regulator justifies the lower pay-out ratio in that the NL run a slight risk as they guarantee the prizes, even if they only sold say 10,000 tickets which would of course result in a massive loss. Still, they obviously run little risk of that happening.Have you heard of the Christmas raffle?
€25 a ticket.
Payout 38.5%.
500,000 tickets expected to be sold.
Makes the Lotto look generous.
Promoted as an ideal Christmas present.
I attach some of the rules. Not the Christmas Raffle but a Google search should give it. The rip off is quite transparent, all set out in the rules and overseen by the "Regulator".Good to know I'm not losing my mind. Simply crazy that they can get away with it by having a link with some good causes. Would we be as accepting of other betting sites if they gave a % of profits to charity?
Anyone have a link to the governing rules of the lottery and the % pay out to players across all the games? I would love to dive down this rabbit hole.
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