The newest Virginia Lottery scratch tickets offer a significant opportunity for a substantial payday, but this chance for a major win comes with a hefty cost.
Introducing the groundbreaking Fortune scratcher, the very first retail ticket ever to have a price point of $50, offering an astounding $326,000,000 in potential winnings.
In this case, it’s important to note that we are referring to the tickets purchased at the check-out counter. However, please be aware that there are already several online Virginia Lottery scratchers available with a $50 play option. You can easily locate them by logging into your account.
The retail game goes by the name “Fortune of $326,000,000,” however, it should be noted that the grand prize does not amount to $326 million alone. This figure represents the overall sum of prize money up for grabs.
- As of Thursday, the top prize in the game remains unclaimed with three $5 million tickets still up for grabs.
- So far, none of the 12 prizes worth $100,000 each from the dozen $326,000,000 Fortune tickets have been claimed yet.
- There are still 2,351,337 winning tickets that range from the break-even point of $50 and go all the way up to $10,000.
Premium scratcher buys are big bets, so be careful
When engaging in online or retail scratchers in Virginia, it is essential to establish a limit and adhere to it. It is crucial to remember that the chances of winning a million-dollar prize in any game are extremely slim.
This is what we’re referring to: The chances of winning one of the three $5 million “Fortune” top prizes are 1 in 2,774,400. The chances of winning any prize in this game are 1 in 3.43. This implies that approximately two out of every three tickets will yield no winnings after scratching them all.
The eXTRA Chances program allows players to redeem non-winning tickets, giving them an opportunity to win extra prizes.
Virginia Lottery Executive Director Kelly Gee stated that the allure of overcoming challenges can be a significant aspect. Moreover, Gee emphasized that scratcher games are the most sought-after product offered by the lottery. Additionally, she highlighted that the introduction of a $50 ticket represents yet another groundbreaking achievement for the Virginia Lottery.
She further added that offering games at the $50 price point showcases our continuous dedication to catering to a diverse range of consumers with a wide array of options.
In the state of Virginia, every single profit generated by the Virginia Lottery is dedicated to supporting K-12 education. During the most recent state budget year, the Lottery successfully raised an impressive sum of over $779 million. This sum accounts for approximately 10 percent of Virginia’s total budget allocated for K-12 schools.
Gee stated that the Virginia Lottery exists with the purpose of supporting students across the Commonwealth through important programs.
Stores with Virginia Lottery scratch tickets win, too
Virginia Lottery scratch tickets are available at over 5,300 businesses, where customers can easily find them. Additionally, retailers receive a portion of both the sales and winnings generated from these tickets.
- A 5% commission is earned on all lottery products.
- In addition to their regular earnings, the stores receive a bonus of 1% for successfully selling a winning ticket.
- The Virginia Lottery offers a $10,000 bonus to stores that sell a ticket with the top prize of $5 million.
Partnering with the Virginia Lottery is also financially rewarding. In the period spanning from July 1, 2021, to June 30, 2022, businesses were able to earn a total of $138.6 million in commissions and bonuses.
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