Thread: anyone think $5 for a lotto ticket is too much?

I think it's $4 too much.
let's be realistic here:
it's 14 million to 1 to win it.

Originally Posted by hassle

I think it's $4 too much.
let's be realistic here:
it's 14 million to 1 to win it.

Then just don't play. Simple as that.

Simple as that.
what I meant was, convincing people to BUY a $5 'ticket' for a 14,000,000 to 1 chance of winning might be a bit tough.

not win you really think about it. . . .5 dollars at a chance to win millions. Its worth it to ma!!

Hassle,

I can drop the lotto price to $1 IF:

I drop the commission and matrix
I drop the Humanitarian Aid
I drop the payout amount
I drop the revenue benefit to PIPS members

You can always play the $1 Pick 3 and Pick 4 the odds on a win in Pick 3 is less than 100 to 1.

Bryan

Originally Posted by BM

Hassle,

I can drop the lotto price to $1 IF:

I drop the commission and matrix
I drop the Humanitarian Aid
I drop the payout amount
I drop the revenue benefit to PIPS members

You can always play the $1 Pick 3 and Pick 4 the odds on a win in Pick 3 is less than 100 to 1.

Bryan

Great answer Bryan. Some people do not see whole picture.

dropping the price would sell thousands more tickets and would give us:
MORE for commission and matrix
MORE for Humanitarian Aid
MORE payout amount
MORE revenue benefit to PIPS members
my local football team halved their entrance fee recently and now they fill a stadium that was previously barely half full.
"You can always play the $1 Pick 3 and Pick 4 the odds on a win in Pick 3 is less than 100 to 1."
no thanks, I'm only interested in selling not buying.

Originally Posted by BM

Hassle,

I can drop the lotto price to $1 IF:

I drop the commission and matrix
I drop the Humanitarian Aid
I drop the payout amount
I drop the revenue benefit to PIPS members
You can always play the $1 Pick 3 and Pick 4 the odds on a win in Pick 3 is less than 100 to 1.
Bryan

That's nonsense hassle!!! you can't apply basic economics to something that's completely unproven. Allow the man (bryan) some sense in knowing his commodity and some market experience from pipsaid.........without really being rude...you should just butt out....and wait to see everything working before you add comments....

Hey Hassle,

Why you are influencing changes. Bryan structured program and that how it will be. If you do not like it, start own lotto for your football team.

It looks that some members are never happy whatever you offer them.

It's like putting brake in car when friends are pushing you up hill.

Originally Posted by hassle

dropping the price would sell thousands more tickets and would give us:
MORE for commission and matrix
MORE for Humanitarian Aid
MORE payout amount
MORE revenue benefit to PIPS members
my local football team halved their entrance fee recently and now they fill a stadium that was previously barely half full.
"You can always play the $1 Pick 3 and Pick 4 the odds on a win in Pick 3 is less than 100 to 1."
no thanks, I'm only interested in selling not buying.

This is not a very good example hassle...You've doubled the number of people coming to the game by halving the ticket price. That keeps you at the same income generation you had before. While I will admit that now you potentially have twice as many people making use of the concession stand(s), that has to be considered a separate business. Based on ticket sales alone you doubled them but you didn't bring any more money in than before. If there was another "product" in conjunction with PipsAid where getting more tickets sold would in turn spur sales of "the product" then your example would be valid; in this case it is not.

The better question would be, "What kind of jackpots are we looking at for a $5 ticket?" If the jackpot is attractive enough, people will spring for the $5. If it's no better than their local lottery then they won't. Pretty simple...