New game features best overall odds at winning any prize
By Kate Northrop
The Connecticut Lottery announced the launch of its first $50 scratch-off ticket ever, with the "best overall odds" of winning any prize in its game repertoire.
Lottery players in Connecticut can now try their luck with the Connecticut Lottery's new $50 scratch-off game, the most expensive ticket offered in the state.
Previously, ticket prices for instant games in Connecticut ranged from $1 to $30, but that has grown to include a game that comes with a hefty price tag, as well as a hefty prize.
The "$4,000,000 Fortune" scratch-off game features a top prize of $4 million and boasts the "best overall odds" of winning any prize at 1 in 2.38.
"CLC is thrilled to begin offering this beautiful, new $50 ticket, which we think players at that price point will really enjoy," Director of Lottery Games Carlos Rodriguez said in a press release. "With over fifty years of experience in the lottery business, CLC knows some of our customer base will love this game and enjoy the rewards of its prize structure."
There are three top prizes of $4 million to be won, as well as four second-tier prizes of $500,000 and five $100,000 third-tier prizes. In total, the game offers over $150 million in prizes. The lowest-tier prize is $50, the price of the ticket.
With the game's launch on Monday, the Connecticut Lottery joins the growing list of other U.S. lotteries offering pricey instant games. There are currently 21 state lotteries that sell scratch-off games at the $50-$100 price point.
The game has been distributed to many of the Lottery's retailers this week, the Lottery said.
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A $50 ticket for a top prize of 4 million dollars. What am i missing here. The math is just wrong for players
$50 for a $4 mil is a complete joke. Next door Massachusetts has $50 for a $20 mil winner and quite a few of $4mil winners for $10. Not to mention second prize winners are even worse. Connecticut is a joke and I hope it fails. People should just head over to Massachusetts for one of the best odds and prize structures in the country.
Not necessarily. It depends on the odds of winning the prize. Having very good odds (relatively speaking) of a $50 ticket winning a $4 million prize can be a very good lottery buy.
Now, you tell me which one is the better buy. There is no right answer, but I'm interested in hearing reasoned opinions.
I see this as a win for players of the canadan lottery why can't you ?
Todd I agree with you this is very good thing for canada people I would play this game.
The only way I put down $50 for a scratch ticket is if I already won $50 or more on a less expensive ticket/s.
It is BIG enuff letdown when you buy a $20 scratch ticket and win nada...
Anotherwords I wouldn't spend my own $$$ on that pricey a ticket.... When you lose .... You feel like a loser ..... And then you do the math and figure out how many pbs or mms tickets you could have purchased instead.
This is a scam. I made the experience of buying 10 $20 tickets on a row and I won only $20. All the tickets was loses. So you could buy like 6 tickets and win nothing or just the $50. It's a trick
No mention of the payout percentage. That's the most revealing number. It indicates how much the State lotto is ripping off the players. The lower the payout percentage, the more the players are getting ripped off.
One-armed bandits have better payouts than most State lotto games.
Florida's $50 tix offer $25 million
You are correct and I stand corrected. Although Massachusetts has a variety of tickets with higher odds the entry point to purchase them is much lower. I suppose it does depend on the risk aversion strategy of players.
Lucky Cat Poor Mouse Rich Elephant
Poor mouse asks the rich elephant, "How did you get so rich?"
Rich elephant replies, "I worked very hard for many years and invested my meager earnings in Connecticut Lottery scratch tickets and won 4 million."
Poor mouse says, "I appreciate that. I too will work very hard and invest my earnings in lottery scratch tickets until I win a big prize."
Lucky cat looks at the mouse, looks to the elephant and says, "Thank you for the food."
This could be a true story.
BobP
I've always maintained that I'd prefer lower top prizes with better odds. If you can't be happy with $4 million, I don't see what $20 million will do. For the drawing games, I think the MegaMillions should cap the top prizes at $250 million and roll down the payouts to lower tier prizes to make the game more exciting. It would be better than just winning $2 once in a while.