Is my lottery scratch card void?
I just won 7,000 on a scratch off. At first i thought I lost, so I ripped it into 3 pieces along with other losers. After I looked it over I realized I won. I taped it back together and it seems to fit. I have receipts and the other tickets I ripped as well. The card is not defaced and the code on the back is riped in half but intact and readable. It is Saturday so i have no way of going to the office and asking. Please tell me it's still good :(.
If I spend $50,000 on 50,000 $1 scratch card lottery tickets, how much money can I expect to win?
You can expect to make at least $30,000 back.Its been a long time, but I remember that lottery style games like scratch tickets or pull tabs are required by law to pay out at least 60%. That doesn't mean that you will always get that much in return. It just means that if you purchase the full set of tickets (20 to 200 tickets for the set) you must get a minimum of 60% back.Most scratch tickets have around a 1 in 4 chance of winning something. That does not say anything about the prize that you would win. It also does not say that if you have 4 tickets one will win. But as the number of tickets increases, the chances of winning will get closer to 1 in 4 or whatever odds are declared in the tickets small print.So if you are buying 100 $1 tickets, you would likely win on around 25 of the tickets. Most of those would return $1, but you could expect maybe 5 that win $5 and one that might win $10 or more. That would probably happen most of the time, but there is a small chance that you would win $1000 on a ticket. This may even happen if you buy 50,000 tickets, but even if you did get that big winning ticket you still wouldn't be able to expect more than about 80% of your money back. You would be able to expect at least 60% back though.
Is it legal in the UK to sell my own lottery scratch cards?
Note, I am not a lawyer.I believe that scratchcards in the UK are regulated as lotteries. I personally think this is a mistake and that there are substantive differences between the two that justify harsher regulation for scratchcards, but I don't make the rules.Anyway, lotteries are presumptively illegal in the UK unless they meet particular criteria/exceptions set out in the Gambling Act. To run a lottery legally you would need two licenses (an operating license and a personal management licence):Do I need a licence?Except in various circumstances that are detailed here:Circumstances in which you do not need a lottery operating licenceNote, you would have to run your lottery for non-commercial purposes (eg. No commercial gain for you. Any "profit" would have to be fundraising for an appropriately registered society). I am pretty sure they the only scratchcards that are allowed to make a commercial profit are the national lottery, and the profit is can make it clearly defined in the legislation and franchising process.So in answer to your question:yes it is legal if you have the appropriate paperwork for your lottery's sizebut you cannot make a profit
How can I creatively wrap lottery scratch off cards?
I bought a gift for my boyfriend for his birthday that's in a week and a half but since it has to be custom made, it won't arrive in time for his birthday. In the meantime, I was thinking about getting him a whole bunch of scratch cards bc he absolutely loves them and I really do not want to show up empty-handed at his birthday dinner. He knows that my gift is going to be late and he knows that it's something really nice so I'm pretty sure he doesn't expect a gift at all on his birthday. Regardless, I still want to get him a little something. I've been racking my brain trying to think of a way to wrap about a dozen scratch cards that I want to give him. Do y'all have any ideas of how I can wrap them? Thanks!
What happens when a Lottery Scratch Card expires?
When the lottery scratch card expires, it usually means that those particular series are no longer on sale but, it shouldn't affect the fact that you won and you could still claim the prize. If you take this ticket to the agency where the tickets are sold, computer terminal might not be able to verify it but, if you contact the head office, they can verify it and should give you the prize. I find it hard to believe that they only have 6 months as usually, tickets are active on shelf for lot longer than that. So, I suggest you get in touch with the head office and also, if you need to send it through the mail, you have it registered as well.. good luck..
[UK] National Lottery scratch cards, online or real life?
I've been so tempted to play these... I know you need a lot of "luck" to win more than what you waste... but my dad's mate won £6000 playing a scratch card (not online)... I went on the website and used the "try now" feature,it seems legit... but to my surprised once I played one and the prize would have been £50... I keep thinking, they so can get away with it online, always controlling who wins and who dont, and for continuous times not winning anything. The "real" scratch cards wont ever work like that, right? but online is easy and discrete... so whats the best option?? :S
If I invested into purchasing $100 worth of lottery scratch cards, what are the odds of making a return greater than my initial investment?
Approximately one in 292 million - that’s a 0.0000003425% chance of winning.Lotteries are just another tax on the poor - the government keeps half of the revenue of all ticket sales (meaning a $7 million jackpot really represents $14 million worth of tickets sold). When you buy a lottery ticket, you’re essentially just paying more taxes voluntarily. And yet there are people who drop $20 per week, every week for forty years or more hoping one day it will be their turn.That same $20 per week invested from ages 20 to 60 would be worth $300k on your 60th birthday, even with the most conservative market estimates. In other words, you could turn $20 per week into $300k simply by not playing the lottery.
How does a scratch-off lottery game work?
Here's an example. A State lottery decides to run a 100,000 ticket game at $1 a ticket. They decide the payback will be 50%, so all the tickets put together have a total win of $50,000.They decide:1 ticket has a grand prize of $10,000.10 tickets pay $1,000 each.100 tickets pay $100 each1000 tickets pay $10 each.10,000 tickets pay $1 each (money back).That's a total of 11,111 winning tickets paying a total of $50,000. The other 88,889 tickets lose. This is just an example - generally there are many more small prize and money-back tickets to make the game more interesting.They take this to a specialist security printer. The printer runs off 100,000 tickets in a long strip, printed with the front and back text and pictures but no game. The game payoff details, worked out as above, are fed into a computer which randomizes the winners, and then the strip of tickets is run through another printer that prints the random game outcome, a serial number and barcode, and the rubbery scratch-off cover. The data file used to create this goes to the lottery's computer.Now you buy a ticket and scratch it and find you have a $10 winner. The store clerk scans the barcode, which is sent to the lottery, and the lottery's computer looks up the number in the database and verifies that you didn't cheat, and gives the clerk the go-ahead to pay you. You don't even have to scratch the ticket - a lot of people don't bother. They just buy the tickets and have the clerk scan them and pay off any winners.Naturally the security of that data file is extremely important! If you or I could get hold of it, we could find ourselves a co-operative store clerk and go through the ticket rolls looking for the big winning numbers, then cut them out for ourselves and sell all the losers to the rubes. I'm not saying that happens - no siree. Everyone working for a State lottery is of the highest possible integrity and it would never cross anyone's mind to do such a dishonest thing.