interestrateripoff Posted January 16, 2013 Posted January 16, 2013 http://www.dailymail.co.uk/news/article-2263367/Lottery-tickets-cost-2--prize-matching-numbers-rise-25-payout-drop.html Lotto revamp: Cost of a lottery ticket DOUBLES to £2 as prize for matching three numbers rises to £25... but payout for getting five will drop Prize pot for matching five numbers will drop by £500 to £1,000 Five numbers and the bonus number win will halve to £50,000 The price is set to rise in the Autumn Players have taken to Twitter to complain about the price hike Lotto charities say they are reassured it will 'boost' the money they receive I stopped with this the minute it went to twice a week which was a money grabbing scam. Still nice to see them trying to fleece as many people as possible. Quote
Frank Hovis Posted January 16, 2013 Posted January 16, 2013 Nope, only buy on double rollovers now. Don't buy euromillions as that's two pounds so I'm out of this scam. Quote
Spoony Posted January 16, 2013 Posted January 16, 2013 The national lottery. The only tax that people queue up to pay willingly. I stopped after I won a tenner on week 1 of it back in the 90's. Bloody scam. Quote
Georgia O'Keeffe Posted January 16, 2013 Posted January 16, 2013 (edited) The national lottery. The only tax that people queue up to pay willingly. I stopped after I won a tenner on week 1 of it back in the 90's. Bloody scam. A tax that people queue up to pay willingly isnt a tax An unnecessary cost maybe, but its clearly got booger all to do with taxation anymore than buying an icecream unless the UK has started taking the draconian measure of threatening people with being removed from their freinds, family, community for not buying a lottery ticket Edited January 16, 2013 by Kandinski Quote
TheCountOfNowhere Posted January 16, 2013 Posted January 16, 2013 price of lotto doubles every twenty years.....nothing to see here. Quote
Wurzel Of Highbridge Posted January 16, 2013 Posted January 16, 2013 A tax that people queue up to pay willingly isnt a tax An unnecessary cost maybe, but its clearly got booger all to do with taxation anymore than buying an icecream unless the UK has started taking the draconian measure of threatening people with being removed from their freinds, family, community for not buying a lottery ticket Well when you consider house prices then this could well be the case. Quote
Georgia O'Keeffe Posted January 16, 2013 Posted January 16, 2013 (edited) Well when you consider house prices then this could well be the case. not until you remove planning laws on land and the byproduct of rent or people can live in the ether Edited January 16, 2013 by Kandinski Quote
DementedTuna Posted January 16, 2013 Posted January 16, 2013 People buy the ticket for entertainment, not to win. Quote
RufflesTheGuineaPig Posted January 16, 2013 Posted January 16, 2013 Most people who play are stupid. They'll keep playing. Quote
scrappycocco Posted January 16, 2013 Posted January 16, 2013 Such a simple thing, i wonder why government didn't do it itself rather than give it to a private company as a cash machine. Love to know what their fat cats get paid for collecting money. Quote
deflation Posted January 16, 2013 Posted January 16, 2013 Only the 3 numbers payout of £10 used to be fixed. All the others depend on how many people win so how can the article state that 5 numbers will drop from £1000 to £500, and 5 + bonus down to £50k. That's total b******t. From tonight's draw: Match 5 plus Bonus; 5 winners - £139,763 each. Match 5 - 204 winners - £2,140 each. I think they mean that those prizes will be the new minimum. It makes the prizes even more top heavy to the jackpot, which is wrong IMO. Quote
billybong Posted January 16, 2013 Posted January 16, 2013 Now saving £2 a go not to use the scam instead of just £1. Quote
dangermaus Posted January 16, 2013 Posted January 16, 2013 I often play the euromillions. A lot of you are missing the point. I buy on big rollovers, £2 for the time I spend daydreaming about what I'd do with it is a cheap bit of escapism. £2 isn't much...it's just a nice thought Quote
deflation Posted January 16, 2013 Posted January 16, 2013 (edited) Whilst I agree that many people who pay the lottery can't really afford it (scratch cards are a much worse 'poor tax' in my opinion), I play the same numbers by direct debit, one line every draw. £2 a week, as said previously, in a draw where somebody wins (2 x £1.1 million winners tonight) is not all that dreadful. I may have a change of heart at £4 a week in the autumn though. I used to bet on other stuff regularly (horses, football etc) but you can lose every time on those. At least I've had a few wins, the biggest £1700 5 years ago (should have stopped when I was up). I don't check numbers any more though, the novelty of that wore off years ago. If you have an online a/c and get a small win, they just BACS transfer the money to your account. Takes the fun out of it really! I have premium bonds as well and as part of a strategy, there are worse things to gamble on than the lottery. At least wins aren't taxed like the USA. Edited January 16, 2013 by deflation Quote
The Masked Tulip Posted January 16, 2013 Posted January 16, 2013 The lotto twice weekly draws now have trouble getting over 2 million jackpots at times so it appears that far fewer people are doing the lotto. They probably think - wrongly IMPO - that putting up the price will enable the jackpots to be bigger and hence that will lure more people back. They should have gone back to just one Saturday night lotto and stopped all the over guff such as Daily Picks - whatever they are - and that Thunderball which is several nights a week now. I occasionally play the US lottos when they get over 300 million - you pay about 40% tax on US winnings and there is a grey area whether you can buy a lotto ticket outside of the US legally or not. But hey, give it a go now and then. Quote
winkie Posted January 16, 2013 Posted January 16, 2013 Those that bought two now buy one, just as much chance of not winning. Quote
jaspers Posted January 16, 2013 Posted January 16, 2013 Our Dressage Team and rowers must need more money. Quote
Charlie The Tramp Returns Posted January 16, 2013 Posted January 16, 2013 Since I won the Euro Lottery I have no objection to the increase in the price. Quote
The Masked Tulip Posted January 16, 2013 Posted January 16, 2013 Our Dressage Team and rowers must need more money. Someone nicked all the horses? Quote
The Masked Tulip Posted January 16, 2013 Posted January 16, 2013 Are you thinking what I'm thinking TMT? You would pay a bit more wouldn't you. Shame none have been ridden by Victoria Pendleton. Quote
Charlie The Tramp Returns Posted January 16, 2013 Posted January 16, 2013 Are you thinking what I'm thinking TMT? They should have been French Burgers, distribution on the Factory`s Computer made a bit of a c*****p. Quote
The Masked Tulip Posted January 16, 2013 Posted January 16, 2013 That image above is doing the old association thing. If you stuck it up on posters all over the country by the end of the week people would be screaming for horse burgers at MacDs! Quote
sleepwello'nights Posted January 16, 2013 Posted January 16, 2013 Ah well that's the cost of my pension plan doubling. Quote
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