Suspicious mind

[Frank1]

Recently on a Tuesday evening the national lottery advertised on tv a £15m jackpot must be won the next Saturday.
This was before the Wednesday draw when the jackpot had reached over £8m. This £ 8mjackpot wasn't won.
Had the jackpot been won the company running the lottery would have had to find an additional £8m.
I find it difficult to believe that a company would gamble with this amount of money whatever the odds

[atticus]

Maybe they have a more sophisticated business model than you think.

[Frank1]

Maybe.
The company is now in court defending a claim from an unsuccessful bidder for the contract to run the lottery.

[Monday]

Recently on a Tuesday evening the national lottery advertised on tv a £15m jackpot must be won the next Saturday.
This was before the Wednesday draw when the jackpot had reached over £8m. This £ 8mjackpot wasn't won.
Had the jackpot been won the company running the lottery would have had to find an additional £8m.
I find it difficult to believe that a company would gamble with this amount of money whatever the odds

In other words, how did they know on Tuesday that Wednesdays lottery would not be won and the prize money would roll over to Saturdays lottery.

[echat11]

It might simply be an error, these commercials are pre-recorded, so an error can be made,
i.e. selecting the wrong commercial, being given the wrong information etc.
I'm sure if they had to find that monies, it won't hit their 'profits' too hard. No doubt some
platforms ran the correct commercial on the day. There will be 'caveats' for mistakes in
their Terms and Conditions.

[atticus]

Surely if they offer a guaranteed prize fund on a certain date, they will have put that amount of money aside; and advertising a guaranteed prize of umpteen million helps increase ticket sales. I am not sure that I see the problem.

[HariSeldon]

In other words, how did they know on Tuesday that Wednesdays lottery would not be won and the prize money would roll over to Saturdays lottery.

Hanlon’s Razor: “Never attribute to malice that which is adequately explained by stupidity.”

[Frank1]

The company achieved annual sales of £7.1 billion in 2024 so £8m is a drop in the ocean.
I hadn't realised gambling was such a profitable business.

[wales01man]

The company achieved annual sales of £7.1 billion in 2024 so £8m is a drop in the ocean.
I hadn't realised gambling was such a profitable business.

If you do some research you can find the breakdown of every pound spend on tickets showing shares to Good causes winners The retailer who sells the tickets and the lott0 company Not all of the prize fund in each draw is paid out even if the Jackpot is won this allows for bigger draws like the 15 Million nothing sinister in it at all

[atticus]

I hadn't realised gambling was such a profitable business.

It was reported yesterday that the UK gambling industry spends £2billlion - no, not a typo - on advertising each year.

https://www.theguardian.com/society/...20the%20sector.

[echat11]

It was reported yesterday that the UK gambling industry spends £2billlion - no, not a typo - on advertising each year.

https://www.theguardian.com/society/...20the%20sector.

That is likely to go down, as the Government etc clam down on gambling advertising, just as the tobacco industry has seen.
I.E. football clubs advertising betting companies on their 'football kits'.

[Monday]

Hanlon’s Razor: “Never attribute to malice that which is adequately explained by stupidity.”

Not malice. Merely an inquisitive mind