Today saw an announcement from National Lottery operators Camelot that the cost of a UK Lotto Ticket would be increasing to £2 from the current cost of £1. The increase in ticket price will help to fund a wide range of new prizes that will see more winners winning more money and the introduction of the new Lotto Raffle. These changes are due to come into effect in early Autumn 2013, details of the revised prize structure are show in the table below:
|Now||Proposed game||Now||Proposed game|
|Lotto Raffle||0||Over 50 fixed £20,000 prizes||0||Over 50 fixed £20,000 prizes|
|Jackpot – Match 6||est. £4.1m||est. £5m||est. £2.2m||est. £2.5m|
|Match 5+ Bonus†||£100,000||£50,000||£100,000||£50,000|
The introduction of the new Lotto Raffle will see a staggering 50 players win £20,000 in each draw and the number of winners will increase as main jackpots rollover.
Probably the most significant change is the increase in Match 3 prize money from £10 to £25, this is sure to be attractive to many players with odds of winning in this tier at 57 to 1 when compared with the Health Lottery’s odds for matching 3 numbers being 214 to 1 for a lower prize of £20.
Match 3 Prize Comparison
The table below shows a comparison between UK Lotto and the Health Lottery draw for players matching 3 numbers.
|UK Lotto||Health Lottery|
What the above table means is that a UK Lotto player would statistically have to spend £114 to win a £25 Match 3 prize. For a Health Lottery player they would have to spend £214 to win a Match 3 prize of £20. Whilst these odds may seem quite poor, the Match 3 prizes aren’t the reason that most of us play lotteries. For the most part lottery players are looking for life changing money by winning one of the massive lottery Jackpots.
In relation to Jackpots there is a huge void between Lotto and Health Lottery and with the introduction of the Lotto Raffle this void has become even bigger. The table below illustrates this:
|UK Lotto||Lotto Raffle||Health Lottery|
|Prize||£2,200,000 (minimum)||£20,000 (fixed)||£100,000 (fixed)|
*Based on 19m ticket sales per draw (average ticket sales per draw in 2012)
It’s easy to see the attraction of the new National Lottery Lotto Raffle in the above table, with at least 50 winners in each draw it offers a great prize level at what are arguably the best lottery odds for this level of prize when compared with other draws.
For more information on the latest Lotto Changes and the new Lotto Raffle visit www.lottery.co.uk