Page 1
Page 1
Started By
Message

Do grocery stores and gas stations make money selling lottery tickets?

Posted on 9/3/17 at 10:16 pm
Posted by danilo
Member since Nov 2008
20381 posts
Posted on 9/3/17 at 10:16 pm
Do they make money directly from selling tickets? If so, how much? I underestand selling tickets may get people into the store and they may buy something else.

Just wondering as I went to the grocery story today and saw the pathetic loser piss away their money on scratch offs.
This post was edited on 9/3/17 at 10:20 pm
Posted by Emiliooo
Member since Jun 2013
5148 posts
Posted on 9/3/17 at 10:17 pm to
Yes, why else would they use space in their store to house them?
Posted by danilo
Member since Nov 2008
20381 posts
Posted on 9/3/17 at 10:19 pm to
quote:

Yes, why else would they use space in their store to house them?

To sell them beer, cigarettes, soda, chips, etc
Posted by MMauler
Member since Jun 2013
19216 posts
Posted on 9/3/17 at 10:20 pm to
I remember reading some place that they get $.05 for every dollar sold and get something like $10K if they sell the winner grand prize on Megamillion, Powerball, and certain large scratches.
Posted by Btrtigerfan
Disgruntled employee
Member since Dec 2007
21678 posts
Posted on 9/3/17 at 10:20 pm to
Not sure if it's changed, but in Louisiana it was 5%.
Posted by LSU fan 246
Member since Oct 2005
90567 posts
Posted on 9/3/17 at 10:20 pm to
very very little
Posted by Cosmo
glassman's guest house
Member since Oct 2003
120599 posts
Posted on 9/3/17 at 10:20 pm to
They make very little on lotto

But it gets you into the store to buy a 40 oz olde english
This post was edited on 9/3/17 at 10:21 pm
Posted by vl100butch
Ridgeland, MS
Member since Sep 2005
34694 posts
Posted on 9/3/17 at 10:23 pm to
I know that the World bar across the river from Vicksburg made around $20,000 from the lottery during the last two weeks of the billion dollar Powerball....

more than paid for the extra people necessary...no telling what Delta Liquors (on the south side of I-20) made with three lotto machines...
Posted by Havoc
Member since Nov 2015
28812 posts
Posted on 9/3/17 at 10:25 pm to
Nearly every time I go in to buy a Schmitz bull malt liquor I pick up some scratch offs.
Posted by Brosef Stalin
Member since Dec 2011
39331 posts
Posted on 9/3/17 at 10:27 pm to
I think its actually a cut of the prize money if they sell the winning ticket, not a set amount. I know I've heard of stores getting $50,000 and more.
Posted by PaBon
UPT 17th W/D
Member since Sep 2014
1891 posts
Posted on 9/3/17 at 10:32 pm to
vicious cycle...
This post was edited on 9/3/17 at 10:34 pm
Posted by Ice Cream Sammich
Baton Rouge
Member since Apr 2010
10117 posts
Posted on 9/3/17 at 10:34 pm to
It's capped at 10k.

Daily sales do not cover the additional phone line that the machine requires. Cokes and chips make it barely break even.
This post was edited on 9/3/17 at 10:35 pm
Posted by tokenasian37
Member since Aug 2007
942 posts
Posted on 9/3/17 at 11:36 pm to
The answers to your questions are HERE or described below.


quote:

If so, how much?

In Louisiana, I believe it is 5% commission on sales, also a lower percentage(0.50%-2.0%) for cashing tickets from $1-$600.

quote:

I underestand selling tickets may get people into the store and they may buy something else.

True, most gamblers will by cigarettes and/or alcohol with their lottery purchases.

quote:

It's capped at 10k.

Nah, selling the winning Powerball/Megamillion ticket guarantees the retailer at least $25,000.00 or 1% of states total sale.

Here's a Louisiana retailer selling bonus list:

Lotto jackpots (1 percent of prize)
Easy 5 jackpots (1 percent of prize)
Powerball's match-5 prize (1 percent of prize, including Power Play or $10,000-$20,000)
Powerball jackpots (minimum of $25,000 or 1 percent of Louisiana's contribution to the jackpot prize pool)
Mega Millions match-5 prize (1 percent of prize, including Megaplier or $2,500 - $10,000)
Mega Millions jackpots (minimum of $25,000 or 1 percent of Louisiana's contribution to the jackpot prize pool).


quote:

Daily sales do not cover the additional phone line that the machine requires. Cokes and chips make it barely break even.


You're talking out your arse now. At a half decent retailer, they would break even or make a money after the retailers are charged a $20 weekly fee to defray telecommunication linecosts. Retailers only need to sell $60 daily to break even. BTW, you do not need a dedicated phone line because the machine runs on cellular service.

This post was edited on 9/3/17 at 11:54 pm
Posted by Spock's Eyebrow
Member since May 2012
12300 posts
Posted on 9/3/17 at 11:48 pm to
quote:

Just wondering as I went to the grocery story today and saw the pathetic loser piss away their money on scratch offs.



I don't think any less of them than people who play the rigged games at casinos. At least they get to avoid the nasty smokers.
first pageprev pagePage 1 of 1Next pagelast page
refresh

Back to top
logoFollow TigerDroppings for LSU Football News
Follow us on Twitter, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookTwitterInstagram