Virgin Islands Lottery |
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| 1 | First Prize | $175,000.00 | |
| 2 | Approximations | $2,500.00 | $5,000.00 |
| 33 | Triple Terminal | $500.00 | $16,500.00 |
| 1 | Second Prize | $65,000.00 | |
| 2 | Approximations | $1,500.00 | $3,000.00 |
| 33 | Triple Terminal | $300.00 | $9,000.00 |
| 1 | Third Prize | $40,000.00 | |
| 2 | Approximations | $1,200.00 | $2,4000.00 |
| 33 | Triple Terminal | $200.00 | $6,600.00 |
| 1 | Fourth Prize | 30,000.00 | |
| 2 | Approximations | $900.00 | 1,800.00 |
| 33 | Triple Terminal | $120.00 | 3,960.00 |
| 1 | Fifth Prize | 20,000.00 | |
| 2 | Approximations | $600.00 | 1,200.00 |
| 33 | Triple Terminal | $100.00 | 3,300.00 |
| Subtotal | $383,660.00 |
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| 4 | Prizes | $5,000.00 | $20,000.00 |
| 6 | Prizes | $2,000.00 | $12,000.00 |
| 10 | Prizes | $1,600.00 | $16,000.00 |
| 20 | Prizes | $1,200.00 | 24,000.00 |
| 30 | Prizes | $600.00 | $18,000.00 |
| 50 | Prizes | $300.00 | $15.000.00 |
| 70 | Prizes | $200.00 | $14,000.00 |
| 511 | Prizes | $100.00 | $51,100.00 |
| 3,368 | Prizes | $30.00 | 101,040.00 |
| 495 | Prizes | $100.00 | $49,500.00 |
| Subtotal | $320,640.00 | ||
4,744 |
Grand Total |
$704,300.00 |
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Payout Percentage Assumption |
90% |
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The projected change is based on 34,000 sheets of tickets @ $23 per sheet and $30.00 to the playing public on a bi-weekly basis. 1. A whole sheet of lottery ticket consist of 20 pieces Draws every other Thursday. |
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Proposed System |
Break even point | ||
| 34,000 x 23 $782,000.00 | 704,300 / 23 $30,622 | ||
Dealers Earnings |
Net Profit Margin | ||
| 34,000 x 7 $238,000.00 | 782,000 - 704,300 $77,700.00 | ||
Cost to Dealer: $23.00| Prizes for winning tickets must be submitted within six (6) months after the draw date. |  |