Christmas Millionaire Raffle 2016

Meeoow · 31-12-2017 3:53pm

Had no intention of buying one of these tickets till I came on here. Feck yiz all. You got the gambling bug on me. Just got one in the 330,000's.

zzfh · 31-12-2017 3:55pm

what time is the draw supposedly on at?

4068ac1elhodqr · 31-12-2017 4:04pm

zzfh wrote: »

what time is the draw supposedly on at?

Easter-time maybe?

CeilingFly · 31-12-2017 4:06pm

tayto lover wrote: »

So 8.25 Million at least taken in and 3.5 Million given out in prizes.
Nice little earner for the National Lottery robbers.

no-one is forcing you or anyone to buy a lottery ticket.

Possibly also check facts before giving fake news.

65% of ALL income after prizes MUST go to good causes. That is the water-tight legal agreement for the lottery licence.

So with average 56.5% of overall revenue going in prizes, then 65% of the remaining 43.5% going to good causes (29%) that leaves less than 15% of gross income for all costs (including retailer costs) and profits.

In 2016 net profit was about 1%

zzfh · 31-12-2017 4:08pm

Danica Odd Sage wrote: »

Easter-time maybe?

ahh, fantastic. Months to buy one yet so

4068ac1elhodqr · 31-12-2017 5:13pm

CeilingFly wrote: »

Possibly also check facts before giving fake news.

65% of ALL income after prizes MUST go to good causes. That is the water-tight legal agreement for the lottery license.

This ('65% after prizes percent for good causes' is very deceptive) and not even sure that is an accurate figure.
More like 46% after prizes, with 54% as profit after prizes.
GC is the lowest receiving percent of all distribution methods.

Ticket sales: Only 30% goes to 'good causes' (originally was 50% at very start on the lottery's initiation many years ago).
Scratch cards sales: Only a minuscule 10% of total sales go to 'good causes'

Thus for this particular draw approx figures are in descending order:

Income: €12.5m (100%)

Prize Fund: €4.4m (35.2%)
Gross Profit/Margin: €4m+ (34.8%)
Good Causes: €3.75m (30%)

Peckham · 31-12-2017 6:12pm

Meeoow wrote:

Had no intention of buying one of these tickets till I came on here. Feck yiz all. You got the gambling bug on me. Just got one in the 330,000's.

Snap.

Bought one at 4.30pm. In the low 340,000s

CeilingFly · 31-12-2017 6:36pm

Danica Odd Sage wrote: »

This ('65% after prizes percent for good causes' is very deceptive) and not even sure that is an accurate figure.
More like 46% after prizes, with 54% as profit after prizes.
GC is the lowest receiving percent of all distribution methods.

Ticket sales: Only 30% goes to 'good causes' (originally was 50% at very start on the lottery's initiation many years ago).
Scratch cards sales: Only a minuscule 10% of total sales go to 'good causes'

Thus for this particular draw approx figures are in descending order:

Income: €12.5m (100%)
Prize Fund: €4.4m (35.2%)
Gross Profit/Margin: €4m+ (34.8%)
Good Causes: €3.75m (30%)

I can't see how its deceptive. Clearly states 65% of income after prizes goes to causes.

Originally prize money was just 40%, but that simply did not wash with many players, so it gradually increased amd and is now almost 57% a little closer to general betting - bookies work on 75-80% overall.

So for every €100 spent on lottery, approximately €57=prizes, €29 = causes and €14 = operational costs / profits.

Nothing out of the ordinary and hardly "robbers" as the other poster suggested

mad m · 31-12-2017 7:29pm

Will it be televised?

PieOhMy · 31-12-2017 7:32pm

mad m wrote: »

Will it be televised?

I think its picked by an algorithm so no, it will just be announced. Not the most transparent to the general public but there you have it. Open to correction here but I seem to recall seeing it in the terms and conditions?

NoeldeBournaix · 31-12-2017 8:20pm

PieOhMy wrote: »

I think its picked by an algorithm so no, it will just be announced. Not the most transparent to the general public but there you have it. Open to correction here but I seem to recall seeing it in the terms and conditions?

You're correct.

This is from the game rules on the website:

'Specialised electronic random number generator hardware, or other equipment or draw process as the National Lottery may from time to time determine, will be employed to randomly select the required number of Unique Multiple-Digit Numbers for each division of Prizes in the Christmas Millionaire Raffle Draw 31st December 2017'

https://www.lottery.ie/static/c/assets/ctplotteryiecms/games/millionaire-raffle/2017/xmas-millionaire-raffle-rules-2017-issue-1-31-october-2017-for-website_caeba94f010eec4de356f3e3bb6821f2.pdf

Bought my ticket today. Best of luck all.

mad m · 31-12-2017 8:35pm

What time is draw at?

4068ac1elhodqr · 31-12-2017 8:45pm

CeilingFly wrote: »

I can't see how its deceptive. Clearly states 65% of income after prizes goes to causes.

So for every €100 spent on lottery, approximately
€57=prizes,
€29 = causes and
€14 = operational costs / profits.

Not sure where you're getting those fake figures, sure you've quoted prizes percentages twice. Give us the % from 'total sales or revenue', not after prizes, not after tea and cakes, not after expenses.
This event has very different numerals to what you have been suggesting. How can a prize fund of 4.4m from 12.5m total generated be 57% ???

Income: €12.5m (100%)

Prize Fund: €4.4m (35.2%) { not your 57% }
Gross Profit/Margin: €4m+ (34.8%) { not your 14% }
Good Causes: €3.75m (30%) { not your 29% }

Terms state this event draw date may be extended until all tickets are sold, so that is unlikely to happen today/tomorrow unless all 500,000 are sold within the next 2hours.

NoeldeBournaix · 31-12-2017 8:49pm

mad m wrote: »

What time is draw at?

All it seems to say is that sales close at 10pm, and that the draw takes place on new years eve, so sometime between 10pm and midnight by the looks of it.

taylor3 · 31-12-2017 9:04pm

We'll all be like lunatics checking the results when they are revealed. Imagine being the one to wake up tomorrow and realising you've won a million. ðŸ˜

4068ac1elhodqr · 31-12-2017 9:17pm

taylor3 wrote: »

We'll all be like lunatics checking the results when they are revealed. Imagine being the one to wake up tomorrow and realising you've won a million. ðŸ˜

Imagine around 494,944 people waking up (in a month, or two, or three) with an extra €25 in their pocket. The joy!

Lottomad17 · 31-12-2017 10:02pm

1 hour left I wonder how many tickets are left

DANNY2014 · 31-12-2017 10:11pm

Just at 360000 gone

4068ac1elhodqr · 31-12-2017 10:17pm

500,000 - 360,000 (140,000), within 44mins does not compute.

Screen_Shot_2017-12-31_at_21.15.25.png

TheQuietFella · 31-12-2017 10:18pm

Mind games!

taylor3 · 31-12-2017 10:19pm

Danica Odd Sage wrote: »

Imagine around 494,944 people waking up (in a month, or two, or three) with an extra €25 in their pocket. The joy!

Ah c'mon let us enjoy our moment.

PopTarts · 31-12-2017 10:22pm

There’s not gonna be much more sold. They’ll be lucky to get to 75% of the 500,000.

Most shops would be closed early NYE and I doubt many play online

PieOhMy · 31-12-2017 10:43pm

If you are reading this lotto - if the winning number is between 370,000 and 500,000 I'll be highly suspiscious!

jomalone14 · 31-12-2017 10:45pm

359xxx at 9.24pm........best of luck to me

Marymidlands · 31-12-2017 10:56pm

359+++ at 9.49.

duffman13 · 31-12-2017 10:58pm

3599×× at 9.55 better odds so

Lottomad17 · 31-12-2017 11:00pm

Best of luck every1

Lottomad17 · 31-12-2017 11:15pm

My online ticket says better luck next time already

taylor3 · 31-12-2017 11:15pm

PieOhMy wrote: »

If you are reading this lotto - if the winning number is between 370,000 and 500,000 I'll be highly suspiscious!

If memory serves me right I think i remember hearing last year's winner (from Cork that went unclaimed) that ticket was purchased on the day of the draw.

jellybear · 31-12-2017 11:16pm

Lottomad17 wrote: »

My online ticket says better luck next time already

Was just coming on to post this

Christmas Millionaire Raffle 2016

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