The first $30 scratch-off game, called $600 Million High Roller, debuted in 2008. The top price for an instant game leaped to $10 in 2002 and then to $20 in 2004 with the Gold Rush game. While the Florida Lottery has continued to sell an array of $1 scratch-off tickets, the state added a $2 scratch-off ticket in 1993 and introduced its first $5 game five years later. Texas offers six instant games at that price. At least six other states sell $50 scratch-off tickets, according to the website Lotto Edge. Most states have adopted lotteries since the 1980s as a source of government revenue. Davis does not need approval from the governor or the Legislature to introduce new games or increase the price of tickets. “When evaluating the introduction of a $50 price point Scratch-Off game, we learned that these tickets not only had success in other states, but that the purchase intent expressed by some Florida Lottery players could translate to increased revenue transfers for education in Florida,” Norrman said.įlorida Lottery Secretary John F. In considering new products, the Florida Lottery uses “market research, industry performance standards, product specialists and contract gaming vendors,” spokesperson Meredyth Hope Norrman said by email. Thirty-five years later, why is Florida now selling a $50 ticket? That first game, Millionaire, sold for $1. Florida voters approved a ballot measure the previous year to allow a lottery after state officials promised that the revenue from sales would bolster funding for public education. The new ticket shows how much Florida’s officially run gambling enterprise has evolved since the state introduced its first scratch-off ticket in 1987. The Florida Lottery reported that three players claimed $1 million prizes last week, most recently a Plant City man who opted for a lump-sum award of $820,000 rather than deferred payments totaling the full prize amount. The $50 ticket also offers the potential for prizes ranging from $100 to $1 million. The odds of winning that top prize are one in roughly 21.4 million. The new 500X The Cash ticket promises a maximum prize of $25 million - the largest amount ever offered in a scratch-off game - but the state is printing only two tickets with that payout. The Florida Lottery introduced the $50 game in late February, marking an increase of 66.7% in price over the most costly scratch-off tickets previously available, a pair of $30 games. Chokshi said he sometimes sells 10 to 15 of the tickets a day. The Florida Lottery introduced the first $50 scratch-off ticket last month. Hardy Chokshi, owner of Super Stop Food Store in Lakeland, holds a 500X The Cash scratch-off ticket at his store.
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