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Estimated
$1 Million Top Prize In "Pot O' Gold Raffle"; Only 120,000
Tickets Available
DES MOINES, Iowa – Sales have begun in the Iowa Lottery's new
cash raffle game, which offers players 112 prizes ranging from
an estimated $1,000 up to $1 million in a St. Patrick's Day
drawing. Only 120,000 tickets will be sold for the "Pot O' Gold
Raffle" and each will cost $20.
"This is a different twist on both raffles and the lottery,"
Iowa Lottery CEO Terry Rich said Monday. "This game also offers
some of the best odds ever for winning a $1 million prize, and
that's something we think will be a hit with our players."
Sales started Sunday in the game, with tickets available at
lottery terminals in retail locations across the state. Each
ticket will bear a unique number from 10000001 to 10120000.
The prizes and odds are:
- One top prize of an estimated $1 million (1:120,000 odds of winning).
- One prize of an estimated $100,000 (1:120,000 odds).
- 100 prizes of an estimated $1,000 (1:1,200 odds).
Rich noted that the Iowa Lottery's first cash raffle game was
offered in 2008, but its sales were impacted by the severe
storms and flooding that devastated much of the state that
spring and summer. Rich said that lottery raffle games have been
successful in other states, and the Iowa Lottery anticipates its
new game will do well here.
Kimberly Edwards of Pleasant Hill, a member of a natural gas
repair crew, won the $1 million top prize in the 2008 raffle
game. John Warner, a Polk City electrician, won that game's
$100,000 prize.
This year's sales period for lottery raffle tickets is scheduled
to end March 13, but it may end sooner if all tickets sell out
before that date. The drawing is scheduled for March 17. Raffle
players must keep their tickets to check them against the
winning raffle numbers and to claim a prize.
After the drawing, the winning raffle numbers will be posted on
the lottery Web site at www.ialottery.com and will be available
via print-out from lottery terminals. In addition, the lottery
will provide a list of the winning numbers on posters that will
be put up in retail locations and at the lottery's regional
offices in Council Bluffs, Storm Lake, Des Moines, Mason City
and Cedar Rapids.
Prizes must be claimed within 90 calendar days of the drawing
date.
The prize amounts listed for the raffle are based on all
available tickets being sold. If all tickets are not sold,
prizes will be awarded on a pari-mutuel basis based on a
percentage of total tickets actually sold and will be lower than
the set prize amounts.
Since the Iowa Lottery's start in 1985, its players have won
more than $2.4 billion in prizes while the lottery has raised
more than $1.2 billion for state programs. |