Virgin Islands Lottery
Regular (Passive) Drawing Prospectus
Based on 34,000 Sheets     Cost to Dealer: $23.00

 
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

       
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

       
 

Payout Percentage Assumption

 

90%

 

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.

- A whole sheet of lottery ticket consist of 20 pieces
- A single piece of lottery ticket costs $1.50
- A whole sheet of lottery ticket costs $30.00
- One piece of the grand prize costs $8,750
- A whole sheet of the grand prize costs $175,000
- Dealers earn $7.00 per sheet from sale of tickets
- A sheet of tickets is equally divided. 1/2 sheet or 10 pieces for $15.00; 5 pieces for $7.50.

Draws every other Thursday.

 
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

Prizes for winning tickets must be submitted within six (6) months after the draw date. 

Additional Lottery Rules


 

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