[+++] Increasing the risk and the reward of the lottery

[SCHOOLING SIR]

 

[(Pro)Hunter]

Positive
Honestly, this would be a good way for people to sink their moneys into, while also having a chance at a worthwhile reward.

[RX1]

Nice idea . 

[Khaled.]

If the icrease of the chance of getting money from lottery happens ppl gonna get less money soo I disagree with the idea
negative

[M3dusa]

If the icrease of the chance of getting money from lottery happens ppl gonna get less money soo I disagree with the idea
negative

The suggestion has nothing to do with the chance of winning so people getting less money is wrong, they'll be getting more.

Positive
Honestly, this would be a good way for people to sink their moneys into, while also having a chance at a worthwhile reward.

To my knowledge, the lottery isn't a money sink, it's just a method of wealth redistribution. 20 people buy the ticket, 1 winner gets $1,000,000 (unless there was a rollover)

How about we raise the stakes even more, to the tune of 40x ($2,000,000) per ticket, then introducing a tax cut out of the prize? so if we follow the same example above of 20 people
$2,000,000 * 20 ($40,000,000) *25% and the winner ends up with $30,000,000?

[Violet]

After reviewing your suggestion, we obtained the following results:

- 18 positive votes.
- 2 negative votes.

Marked as Low priority.

[farm]

The suggestion has nothing to do with the chance of winning so people getting less money is wrong, they'll be getting more.To my knowledge, the lottery isn't a money sink, it's just a method of wealth redistribution. 20 people buy the ticket, 1 winner gets $1,000,000 (unless there was a rollover)

How about we raise the stakes even more, to the tune of 40x ($2,000,000) per ticket, then introducing a tax cut out of the prize? so if we follow the same example above of 20 people
$2,000,000 * 20 ($40,000,000) *25% and the winner ends up with $30,000,000?

I like this idea as it would act as a money sink, additionally it would incentivize buying lottery tickets more. I will say I think a tax of 25% seems a bit high as with a tax that high the expected value for playing the lottery becomes too harshly negative. A tax, in principle is a good idea though, I would fully support a lower tax.

[SP@wn]

 

[-PiQue'3-]

 

[InVadeR]

Sounds good. More players would part take in the lottery.

[InFocus]

Love the idea, Increasing buy-ins and prizes will make the lottery more exciting.

[abdall2]

 

[Violet]

After reviewing your suggestion, we obtained the following results:

- 23 positive votes.
- 2 negative votes.

Marked as Medium priority.

[ComptoN]

This shall make it more interesting 

[Jason]

CIT inflation has made this necessary. Also I support Medusa's idea of having a tax on earnings.