View Full Version : Lotto price to double
Camelot have decided to put the price of a flutter on the Lotto up to£2.00 a ticket. The government collected £738 million in duty last year because of 12% duty charged,this will double if the ticket price goes up.
I only buy two tickets a week at the moment, I am now thinking will I bother any more. [disgust]
I buy 2 tickets a week for the lottery and 2 for the euromillions and although i accept the odds of winning are humongous and the pot was pitiful, now that the cost of trying to win has doubled, i wont buy wed/sat anymore. I'll just drop the wed/sat tickets and stick with euromillions (unless they put them up too).
Now they have you hooked they could probably make it £10 a ticket and they would still sell them.
Camelot have decided to put the price of a flutter on the Lotto up to£2.00 a ticket. The government collected £738 million in duty last year because of 12% duty charged,this will double if the ticket price goes up.
I only buy two tickets a week at the moment, I am now thinking will I bother any more. [disgust]
Thats interesting. When the fledgling United States formed they had no way of collecting taxes so they didn't. They just ran Lotterys. That would be a good model for us. Just gamblers pay and everyone else lives tax free. (I bet it would work :eek:)
Thats interesting. When the fledgling United States formed they had no way of collecting taxes so they didn't. They just ran Lotterys. That would be a good model for us. Just gamblers pay and everyone else lives tax free. (I bet it would work :eek:)
I picked up that snippet of info the other day while watching a programme called Pawn Stars, they had a lottery ticket signed by George Washington
changilass
17-Jan-13, 12:43
When is this due to start?
They won't be getting our money anymore.
When is this due to start?They won't be getting our money anymore.
sometime in the Autumn allegedly
Just buy half as many as before.
Just buy half as many as before.
which halves the odds of winning.....why didnt i think of that
changilass
17-Jan-13, 13:55
Will continue playing till price goes up, but after that will save it and put it into premium bonds, at least I will have something to show for it even if ernie fails to pick my numbers.
weezer 316
17-Jan-13, 16:57
Lol! What greeting about the price! Its been the same price since.....1994. Can you name me any other fixed rate service that's the same price as 1994?
Mind, its not a right to buy lottery tickets, its a privelage!
Lol! What greeting about the price! Its been the same price since.....1994. Can you name me any other fixed rate service that's the same price as 1994?
Mind, its not a right to buy lottery tickets, its a privelage!
Yep agree 100%
Yep agree 100%
Its not just the price going up I am bothered about, but the amount of duty that will be generated by doubling the ticket price, is my main concern
Its not just the price going up I am bothered about, but the amount of duty that will be generated by doubling the ticket price, is my main concern
Why? that amount will build a hospital.
Its not just the price going up I am bothered about, but the amount of duty that will be generated by doubling the ticket price, is my main concern
But over 18 years that revenue has depreciated in real value to good causes, no?
Why? that amount will build a hospital.
But does it go to that use? Or will it fund the MP's proposed pay increase that they want.
which halves the odds of winning.....why didnt i think of that
What happens to the size of the jackpot when the price goes up?
Double the stake should see double the prize money (assuming the number of tickets sold remains the same) & after all, at an estimated £4 million jackpot currently & the fact that £4 million doesn't go far these days (how many Mars bars is that?), it's no wonder that they are doubling it....
But does it go to that use? Or will it fund the MP's proposed pay increase that they want.
Well if it didn't, that would cost a hospital. :eek:
Double the stake should see double the prize money (assuming the number of tickets sold remains the same) & after all, at an estimated £4 million jackpot currently & the fact that £4 million doesn't go far these days (how many Mars bars is that?), it's no wonder that they are doubling it....
So if the price doubles and the jackpot doubles and you buy half as many, you have half the chance of winning twice as much.
secrets in symmetry
18-Jan-13, 00:03
So if the price doubles and the jackpot doubles and you buy half as many, you have half the chance of winning twice as much.Lol!
Brilliant post - it looks like nonsense, but it's spot on if nothing else changes, and everyone else buys their usual number of tickets. :cool:
The actual changes that are being made are quite different. Here's the Gruinard's report on it. (http://www.guardian.co.uk/uk/2013/jan/16/national-lottery-ticket-price-double)
£4 million doesn't go far these days (how many Mars bars is that?)....
oh somewhere in the region of 9,981,000 give or take....
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