Well thanks for nothing, Camelot. You're not getting any more of my hard-earned.
You can shove your "lotto" up your pumper, you greedy bastards.
Probably but still should increase revenue.@Natasha Whittam wrote:It's a big hike and one, I suspect, will cost them a lot of punters.
Sluffy - When you think about it even though it is just an increase of £1 and doesn't seem a lot, it is a big increase when it is an increase of 100% to make it £2 which people will notice (it's not like it has gone up a few pence like 15p for example).@Sluffy wrote:Probably but still should increase revenue.@Natasha Whittam wrote:It's a big hike and one, I suspect, will cost them a lot of punters.
The price as doubled so it can lose (in theory) half of its customers but still retain the same income. If it loses less than half it actually makes a profit.
It depends on something known as 'elasticity' of demand - which basically means will people continue paying for the goods or services despite increases in their price or not.
For example people still buy cigarettes although their price goes up each and every year.
The chances of winning the jackpot are so remote (I think it was stated as 1 in 70 million on the radio this morning) that it is more likely that those who really could do with the money - are the ones who play it the most.
It is likely that these people will still chase the dream and thus why even with the increase in price that those punters will still want to be in it to win it.
Anyway it is only an extra quid when all said and done!
PS - Didn't one of our posters win big on the lotto once?
Of all money spent on National Lottery games, 50% goes to the prize fund, 28% to 'good causes' as set out by Parliament (though some of this is considered by some to be a stealth tax  levied to support the Big Lottery Fund , a fund constituted to support public spending ), 12% to the UK Government as duty, 5% to retailers as commission, and a total of 5% to operator Camelot, with 4.5% to cover operating costs and 0.5% as profit.
Permissions in this forum:
You cannot reply to topics in this forum