New Irish Lotto Changes Today

acb121 · 13-09-2015 3:59pm

Actually ....

You can work out how EXACTLY many tickets were bought by looking at the prize payout !

Reverse engineering if you like.

Im gonna have a look !

acb121 · 13-09-2015 5:11pm

I have rounded a few figures up or down;

( technique to work ANY lottery sales out )

The main Irish Lotto Prize Fund is 52% of gross revenue.

The Irish Lotto Prize Fund allocates to the 46.16% for the Jackpot.

Simply put, the Jackpot of the Irish Lotto is 46.16% of 52% of 100% monetary value of tickets sold.

As with most lotteries, this is PLUS ANY EXISTING ROLLOVER.

If there is no rollover it is a simple equation. A rollover just adds 1 extra sum.

On 9th September the Jackpot was €5,672,580

However it was not won, so it rolled over.

The rollover from 9th September was €5,672,580

On 12th September the Jackpot was €6,282,846

€ 6,282,846 - € 5,672,580 = € 610,266

So € 610,266 was added from that weeks sales to the Jackpot.

€ 610,266 was the total allocated from total Lotto sales to the JACKPOT prize pot.

€ 610,266 is 46.16%, of 52%, of 100% gives us total ticket sales.

As € 610,266 was 46.16% of the PRIZE FUND, which was 52% of GROSS REVENUE.

610,266 divided by 46.16 multiplied by 100 = 1,332,067

So the PRIZE FUND, which was 52% of GROSS REVENUE was 1,332,067

1,332,067 divided by 52 multiplied by 100 = 2,561,667 is THE GROSS REVENUE

So the Lotto draw generated € 2,561,667 gross sales

As the price of a single line is € 2 ( 2,561,667 divided by 2 ) a total of 1,280,834 lines were purchased.

As the minimum purchase is 2 lines, that mean there was a MAXIMUM of 640,417 players spending € 4 each.

But of course some folk spend plenty more, so the maximum number of purchasers was 640,417 players, but of course if all purchasers spent € 8 each that would mean there was 320,208 players.

And so on.

To work out how many actual individual players divide 640,417 by the average spend !

ytpe2r5bxkn0c1 · 13-09-2015 5:17pm

What were the numbers prior to the change?

lycan238 · 13-09-2015 6:21pm

its posted above that apparently its 1 in 13 for a prize of some description. I wonder what the odds are for the Irish lotto? Have not done it since but some weeks put on a small bet in the bookies with 3 numbers.

4068ac1elhodqr · 13-09-2015 6:30pm

lycan238 wrote: »

its posted above that apparently its 1 in 13 for a prize of some description. COLOR="Purple"]euromillions[/COLOR I wonder what the odds are for the Irish lotto?

Less than they were a week or two ago, anyway.

Read somewhere the luckiest shop for buying a ticket is in Donegal with about x12 winning tickets since the start. However you'd still be more likely to be fatally injured getting in a car to go there than actually coming back with a winning ticket.

lycan238 · 13-09-2015 6:56pm

Emmy Thundering Frost wrote: »

Less than they were a week or two ago, anyway.

Read somewhere the luckiest shop for buying a ticket is in Donegal with about x12 winning tickets since the start. However you'd still be more likely to be fatally injured getting in a car to go there than actually getting coming back winning ticket.

We have a fairly lucky shop here nearby us however most of the prizes won are the lotto plus games.

5rtytry56 · 13-09-2015 7:08pm

Michaela Sparse Penny wrote: »

What were the numbers prior to the change?

1 - 45 for all lotto draws

4068ac1elhodqr · 13-09-2015 7:23pm

1988 (36-ball game) 1,947,792, ah those were the days.
1992 (39-ball game) 3,262,623
1994 (42-ball game) 5,245,786
2006 (45-ball game) 8,145,060
now 47 with balls (load of balls) its 10,737,573
when it (eventually) goes to 49 integer units, look forward to 1 : 13,983,816!

Roughly about the same chance of getting bit by a shark, after surviving an asteroid strike and then getting jiggy with the victoria secrets ladies (on a leap year). You can't live off 3.2m anyway these days, but sure it's a good start....

Calibos · 13-09-2015 7:37pm

We've only sold 2. The last one was about 10 years ago and was a Lotto +1 for €300,000. Never claimed.
The other one was a main draw jackpot back in the early to mid 90's IIRC. Prize back then was about a million punts. Was thrilled to discover we'd sold a jackpot winner, even more thrilled at the thoughts about what we'd do with the IR£5,000 sellers commission, disgusted when we checked Aertel only to find that the jackpot had been won by 6 distinct winning tickets, the most it had ever been split before or since. ie. The IR£5,000 sellers commission would be split 6 ways between the six shops that sold the tickets. Dunno who might have been a bit less happy than they should have been. Us when we collected our IR£833 instead of IR£5,000 or the winning ticket holder collecting IR£166,000 instead of a cool Million like he thought he was for a few minutes/hours after he checked his ticket but before he realised his was actually one of 6 winning tickets.

Its luck of the draw needless to say. Another local shop had sold 3 main draw jackpot winners before it closed about 10 years ago despite the fact that we'd sell more tickets on a Saturday alone than they'd have sold all week. ie. a lotto rep confirmed to us that our lotto turnover was multiples of this other shops. Yet they were the 'luckier' shop.

My observation is that when the price increase was publicised all our lotto customers were complaining and saying that would stop playing the lotto or cut back on the number of lines they bought. When the price increase actually came in.....they all rounded up!! Me 3 lines with plus now cost €7.50?? Feck It! Round it up to 4 lines for a nice even Tenner!! :Rolleyes:

allibastor · 14-09-2015 12:39pm

I dont understand what the price increase was for.

The jackpot in the Irish lotto still only goes up very slowly. At least on the euromillions if it isnt won in a few weeks it goes to massive proportions.

Irish lotto can be un-won for 2 months and still be less than 10 Million, and at odds of 11M-1 to win it is a disgrace.

I would love the money to set up my own Lotto, it must be money for old rope!

Cee-Jay-Cee · 14-09-2015 12:47pm

Stopped doing it after nearly 20 years. the new crowd knew they were going to do this when they bought it yet never revealed it. I hope their pension fund looses millions and they're left with nothing when they retire and the rest of the investors lose their business/investments and are all left destitute in need of hand outs.

sdanseo · 14-09-2015 3:00pm

Cee-Jay-Cee wrote: »

Stopped doing it after nearly 20 years. the new crowd knew they were going to do this when they bought it yet never revealed it. I hope their pension fund looses millions and they're left with nothing when they retire and the rest of the investors lose their business/investments and are all left destitute in need of hand outs.

Those hand-outs will come from our PRSI, so I'd prefer to let them continue earning their own dime to be honest.

Arrow in the Knee · 28-10-2015 2:04pm

"New Lotto changes introduced seven weeks ago have seen winners drop by a THIRD"

http://www.irishmirror.ie/news/irish-news/new-lotto-changes-introduced-seven-6693994

4068ac1elhodqr · 28-10-2015 3:17pm

A relative just 3 numbers (on the +2)
- and previously it meant you'd get a scratchcard or maybe a few dolla
now it's nothing, nada, zilch.

I advised them just to do the pick 3 or 4 at the bookies, give direct to (small) charities or just not bother at all.
The bookies reported have reported a 25%+rise on Ire Lotto (at shops) since the price rise, no wonder.

Those Retired Canadian Teachers have enough oil and natural resources to get with by already.

Umaro · 28-10-2015 3:35pm

Calibos wrote: »

We've only sold 2. The last one was about 10 years ago and was a Lotto +1 for €300,000. Never claimed.

I wonder what happens to all the unclaimed winnings.

ejabrod · 28-10-2015 3:40pm

Emmy Thundering Frost wrote: »

1988 (36-ball game) 1,947,792, ah those were the days.
1992 (39-ball game) 3,262,623
1994 (42-ball game) 5,245,786
2006 (45-ball game) 8,145,060
now 47 with balls (load of balls) its 10,737,573
when it (eventually) goes to 49 integer units, look forward to 1 : 13,983,816!....

Even with these odds, I still firmly believe the outcome is manipulated ('fixed', if you will)

whiskeyman · 28-10-2015 3:40pm

Arrow in the Knee wrote: »

"New Lotto changes introduced seven weeks ago have seen winners drop by a THIRD"

http://www.irishmirror.ie/news/irish-news/new-lotto-changes-introduced-seven-6693994

Super sleuths at The Mirror wrote:

Mirror analysis shows the number of prizewinners has dropped 33% since the controversial new system was introduced on September 3

I thought it was well publicised that the changes meant fewer number of winners, but larger prize totals?
Not quiet getting the 'shock' at the report.

They should focus on the difference of paying players and amounts being given out to charitable causes.

Shelflife · 28-10-2015 3:50pm

whiskeyman wrote: »

I thought it was well publicised that the changes meant fewer number of winners, but larger prize totals?
Not quiet getting the 'shock' at the report.

They should focus on the difference of paying players and amounts being given out to charitable causes.

Afaik there are actually more ways of winning a prize. So for each draw you gave s slightly better chance of winning a prize and that prize will on average be more than before .

The mirror reports on the number of people actually winning a prize. It fails to highlight that less people are playing the lotto as a result of the price increase or are playing less lines.

So prior to price increase 1000 lines are played and 200 win prizes.

After the price increase 800 lines are played and 165 win prizes.

In effect the lines played V winning lines ratio is slightly up but the mirror chose to go with the 17% less winners route.

Lies, damn lies and statistics !

4068ac1elhodqr · 28-10-2015 3:58pm

You don't get anything for 3 numbers on the Lotto+2, so would therefore assume there are less prizes.

The raffle thing isn't a bad idea, but would still rather not bother.

allibastor · 28-10-2015 4:07pm

Load of balls is all it is!

47 to be exact, but ruins my chances of winning now!

New Irish Lotto Changes Today

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