WO2005101335A2 - Lottery game with pari-mutuel payout - Google Patents
Lottery game with pari-mutuel payout Download PDFInfo
- Publication number
- WO2005101335A2 WO2005101335A2 PCT/US2005/012707 US2005012707W WO2005101335A2 WO 2005101335 A2 WO2005101335 A2 WO 2005101335A2 US 2005012707 W US2005012707 W US 2005012707W WO 2005101335 A2 WO2005101335 A2 WO 2005101335A2
- Authority
- WO
- WIPO (PCT)
- Prior art keywords
- prize
- jackpot
- game
- match
- lottery
- Prior art date
Links
Classifications
-
- G—PHYSICS
- G07—CHECKING-DEVICES
- G07F—COIN-FREED OR LIKE APPARATUS
- G07F17/00—Coin-freed apparatus for hiring articles; Coin-freed facilities or services
- G07F17/32—Coin-freed apparatus for hiring articles; Coin-freed facilities or services for games, toys, sports, or amusements
-
- G—PHYSICS
- G07—CHECKING-DEVICES
- G07F—COIN-FREED OR LIKE APPARATUS
- G07F17/00—Coin-freed apparatus for hiring articles; Coin-freed facilities or services
- G07F17/32—Coin-freed apparatus for hiring articles; Coin-freed facilities or services for games, toys, sports, or amusements
- G07F17/3286—Type of games
- G07F17/329—Regular and instant lottery, e.g. electronic scratch cards
Definitions
- This invention relates generally to lottery games and, more specifically, to lotto games that are adapted to be played amongst a number of groups which may have different lottery pay-out rules.
- Instant lottery tickets also called scratch tickets, were invented in the second half of the 20th century. They utilize a secure printing medium with numbers or symbols covered by latex or some other material. The covering is scratched and players win prizes by adding up, lining up, or matching covered symbols.
- Various patents have been issued relative to the substrate, security precautions, symbol coverings, and play styles for these types of games. They now account for roughly half of lottery sales in North America.
- Another type of lottery ticket is the pull-tab ticket. It utilizes layers of cardboard glued together, with one layer having a series of perforations to form tabs. As the tabs are pulled away from the ticket they reveal symbols underneath and matching various combinations of symbols leads to the winning of prizes.
- the last category of lottery type games are generally referred to as lotto games and are based on the concept of picking numbers. These games usually involve players picking their own numbers or using a computer or some other mechanism to chose the numbers, in an attempt to match the numbers against those drawn by the lottery.
- the lotto concept was originally developed in Italy about 1580. It evolved from bets being placed on which candidates were chosen at random to serve in the senate. The betting was so popular among the citizenry that the incidence of the drawings was increased and the names of senators changed to numbers.
- pick 3 One of the most successful lotto type games in modem times is commonly known as pick 3.
- Players choose three digits from zero to nine.
- the lottery chooses three digits from zero to nine. If the player's numbers match the lottery's numbers in exact order-, a top prize is won.
- Other betting variations can be made where a player chooses to mach the two front digits, the two back
- tiiere will be fewer winners of the top prize, which allows lottery sellers to offer a large jackpot prize.
- the prize can further be enhanced if no winner is chosen in a particular drawing.
- the lottery is then 5 able to bank part or all of the non-won prize money from a previous drawing and offer it as an incentive for sales in a subsequent drawing, by increasing the size of the jackpot.
- subordinate prizes are also awarded for the match-ring of five, four, or even three of the six numbers drawn in any order.
- a typical prize structure for a pick 6 out of 30 game is to pay the jackpot prize if all 6 matches are correct, the approximate average odds of which are 0 1 :593,775; pay $100 if there are 5 matches, the approximate average oids of which are 1 :4,124; pay $ 10 if there are 4 matches, the approximate average odds of which are 1 : 144; and provide a free play if there are 3 matches, the approximate average odds of which are 1:15.
- the allocation of prize money to be divided is subject to selection or design -for each ticket sold.
- Keno is a lottery game in which the house draws a number of balls, say, from a group or 5 field of balls that is larger than the number of balls selected by a player ⁇ but any match between the balls selected by the player to the balls drawn by the house counts. Lotto games are actually a subset of keno games; in lotto games, the number of balls drawn by t ie house or lottery equals the number of balls picked by the player. In contrast, higher prizes can be offered by establishing a matri-x of different size.
- a typical prize structure may be to pay out $2,000,000 if there are 6 matches, having an approximate average num er of prizes for each drawing of less than one; $65,816.40 if there are 5 matches and a match with a bonus number, having an approximate average numbers of prizes for each drawing of 8; $1,784.80 if there are 5 matches, having an approximate average numbers of prizes for each drawing of 236; $68. lO if there are 4 matches, having an approximate average numbers of prizes for each drawing of 11,857; and $10 if there are 3 matches, having an approximate average numbers of prizes for each drawing of 213,760.
- a variation of this game with smaller top prizes but better odds is a pick 5
- a typical prize structure and relative occurrences for a pick 5 out of 55 rolldown game may be to pay the jackpot if all 5 numbers are matched, the probability of which is 1 :3,478,761; pay $500 if 4 numbers are matched, the probability of which is 1:13,91 5; pay
- a bonus ball can be added to a lotto game to create a prize smaller than the jackpot prize but larger than any of the other prizes. So, for instance, in a pick six lotto game a player matches only five of the six numbers drawn by the lottery; however, the lottery has also 0 drawn a seventh ball, the bonus ball, which if paired with any five of the six other numbers drawn by the lottery creates a prize intermediate between matching five and matching the six original balls drawn. In the last decade a new high jackpot game was developed called Powerball® (Multi-State Lottery Association, West Des Moines, Iowa).
- the challenge is to find a way to accommodate jackpot limitations, regulatory systems, and currency differences in such a way as to offer a game with enhanced value compared to existing games in all jurisdictions.
- the present invention provides a prize pool for a lotto game played among a plurality of member lotteries in which at least two of the member lotteries are from diverse groups.
- the prize pool is comprised of a system of prize levels including a jackpot prize level and a subordinate prize level, wherein all member lotteries are eligible for the jackpot prize and wherein a first member lottery awards subordinate prizes having a pre-determined fixed monetary value and a second member lottery awards subordinate prizes on a pari-mutuel basis.
- the lotto game 5 is comprised of a plurality of levels of subordinate prizes. The second member lottery awards a first subordinate prize equal to a fixed percentage of a second subordinate prize.
- Figure 1 is a diagram of the reporting of ticket sales in each of five jurisdictions in 0 their own currencies to the game administrator at the close sales for a particular drawing.
- Figure 2 is a diagram of the reporting of the number of winners at each prize level in each jurisdiction of Figure 1 to the game administrator after the drawing.
- Figure 3 is a diagram of the reporting by the game administrator to each of the jurisdictions of the authorized payouts in each jurisdiction.
- Figure 4 is a diagram of the payments to subordinate prize winners and to the Super Pool fund in four jurisdictions if there was no jackpot prize winner.
- Figure 5 is a diagram of the flow of monies of the drawing resulted in a single jackpot winner in Jurisdiction B.
- the amount of the jackpot prize and the subordinate prizes can be different in each participating jurisdiction. These subordinate prizes maybe made pari-mutuel or fixed by jurisdiction. A determination is made of each prize level for each jurisdiction as per the rules set by that jurisdiction.
- each lottery jurisdiction i.e., Lottery A - E
- the game administrator reports to the game administrator its total sales for that drawing in its own currency and the number of chances for the jackpot that are sold. That currency is converted to a reference currency. Totals are made in the reference currency from all jurisdictions and allocated to the various prize levels in the common game.
- Fig. 5 illustrates the process where there is a single jackpot winner in Jurisdiction B.
- the jurisdictions that have lower jackpot ceilings will have inflated, possibly greatly, their subordinate prizes for drawings when a jackpot winning 0 ticket was purchased in their jurisdiction.
- Jurisdictions that have no jackpot ceiling forego the gain in subordinate prizes but capitalize on sales related to a high jackpot.
- Table 2 is prize structure for a hypothetical lotto game similar to the Powerball® lottery game but with two numbers drawn from the second bin instead of one.
- the matrix is a 5/60 + 1/2/40, which is a combination of a lotto game wherein 5 numbers out of 50 are chosen and a 5 game, in the nature of what is sometimes in the industry called a keno game, in which the player may choose either 1 or 2 numbers out of 40.
- a sellout of the game where each chance purchased is unique, the prizes paid are illustrated according to rates where the percentage of sales allocated to that prize is specified in the right hand column.
- the size of the individual subordinate prizes paid from the Super Pool will be a function of the number of subordinate prize winners. Smaller jurisdictions will arguably have fewer winners to split the Super Pool and will have the largest prize inflation. It is a more than likely that different groups, and particularly different groups comprised of political jurisdictions, will have regulations in place concerning the structure and payout of lotto games within their group. For example, a group or jurisdiction may require that all lotto games played within the group have a pari-mutuel structure and/or a minimum or maximum prize percentage payout, which may differ from the prize percentage payout chosen for the multi-group lotto game.
- a new game design is proposed which would provide a multi-group lotto game allowing for different prize structures and different prize percentage payouts amongst the groups for the same game.
- the proposed game design would allow for participation by partner groups having pari-mutuel game payout structures and partner groups having fixed game payout structures at differing prize percentages.
- the jackpot prize is very rarely fixed. Rather, the jackpot prize is based upon player participation and increases over periods of time during which the jackpot prize is not won and jackpot prize funds are rolled over from one drawing to the next.
- the subordinate prizes may, however, be set at fixed levels to encourage continued player participation even when the jackpot prize is at a relatively low level, as for example immediately following the jackpot prize being won.
- the prize percentage payout is variable and approaches a target level only over a statistically long period of time.
- the subordinate prizes are not fixed but rather are variable as well.
- the prize percentage payout target is fixed and is achieved on a cyclical basis.
- the cycles may be marked in terms of time, for example, weekly, monthly, or yearly, or on a per-draw basis.
- Table 3 lays out a prize structure applicable to a pari-mutuel partner group in such a lotto game.
- the jackpot prize level (Match 5+1) is the same in all partner groups (Compare Table 1 to Table 6).
- the subordinate prizes are generally lower and calculated according to a variety of methods, for example as a generally lower preset fixed percentage of sales. In this manner, the pari-mutuel group achieves a target prize percentage payout of approximately 45% per cycle, as opposed to the 50% prize percentage payout over a statistically long period of time illustrated in Table 1.
- the prize levels are not fixed; the numbers represent averages per cycle. In order to maintain equity in the price of purchasing a chance in the jackpot prize in a pari-mutuel group versus the fixed payout groups, all partner groups maintain an equal contribution per chance sold to the jackpot prize pool.
- a lotto game according to the present invention may also provide subordinate prizes for which each prize level is a multiple of another prize level. For example, a first subordinate prize level is funded with one fourth the percentage of prize sales as the jackpot prize, a second subordinate prize level is funded with one fourth the percentage of prize sales as the first subordinate prize level, and so on.
- Table 4 lays out a prize structure in a pari-mutuel game in which each prize level is a multiple of another prize level.
- the present design provides that a hierarchy of prizes calculated, post-number selection, which would take into account actual winners for each prize category and would establish that, for instance, a match 4+1 winner be paid 4 times what a match 4+0 winner is paid and 12 times what a match 3+1 winner would be paid, etc.
- This design ensures that it would be unlikely for a match 4+0 prizewinner to win more than a match 4+1 prizewinner.
Description
Claims
Priority Applications (3)
Application Number | Priority Date | Filing Date | Title |
---|---|---|---|
EP05734168A EP1741073A1 (en) | 2004-04-13 | 2005-04-13 | Lottery game with pari-mutuel payout |
AU2005234506A AU2005234506A1 (en) | 2004-04-13 | 2005-04-13 | Lottery game with pari-mutuel payout |
CA002562921A CA2562921A1 (en) | 2004-04-13 | 2005-04-13 | Lottery game with pari-mutuel payout |
Applications Claiming Priority (2)
Application Number | Priority Date | Filing Date | Title |
---|---|---|---|
US10/823,011 | 2004-04-13 | ||
US10/823,011 US20050227759A1 (en) | 2004-04-13 | 2004-04-13 | Lottery game with pari-mutuel payout |
Publications (1)
Publication Number | Publication Date |
---|---|
WO2005101335A2 true WO2005101335A2 (en) | 2005-10-27 |
Family
ID=34965546
Family Applications (1)
Application Number | Title | Priority Date | Filing Date |
---|---|---|---|
PCT/US2005/012707 WO2005101335A2 (en) | 2004-04-13 | 2005-04-13 | Lottery game with pari-mutuel payout |
Country Status (5)
Country | Link |
---|---|
US (1) | US20050227759A1 (en) |
EP (1) | EP1741073A1 (en) |
AU (1) | AU2005234506A1 (en) |
CA (1) | CA2562921A1 (en) |
WO (1) | WO2005101335A2 (en) |
Cited By (1)
Publication number | Priority date | Publication date | Assignee | Title |
---|---|---|---|---|
WO2015162533A1 (en) * | 2014-04-24 | 2015-10-29 | Scientific Games Holdings Limited | Method and system to fund and conduct second chance games |
Families Citing this family (19)
Publication number | Priority date | Publication date | Assignee | Title |
---|---|---|---|---|
US20060084491A1 (en) * | 2004-10-01 | 2006-04-20 | Dicarlo Fernando | Implementing wagering games using a pari-mutuel configuration |
US20060094494A1 (en) * | 2004-10-28 | 2006-05-04 | Stargames Corporation Pty Limited | Keno feature trigger |
WO2007044440A2 (en) * | 2005-10-04 | 2007-04-19 | Powerpick America, Llc | Method and system for shared ownership lottery plays |
US20090156285A1 (en) * | 2007-12-12 | 2009-06-18 | Amada Andrew R | Method and System for Lottery Incentive Rollovers without Re-Qualifying |
US20090209328A1 (en) * | 2008-02-20 | 2009-08-20 | Frick Michael D | Method and apparatus for a multi-game and multi-level raffle ticket |
AU2009267176C1 (en) * | 2008-06-30 | 2013-01-17 | Bally Gaming, Inc. | Wagering game with shared outcome providing individual awards to players |
US20100062824A1 (en) * | 2008-09-08 | 2010-03-11 | Frick Michael D | Method and apparatus that control risk and uncertainty in a variable priced promotional lottery game |
US20100062821A1 (en) * | 2008-09-08 | 2010-03-11 | Frick Michael D | Method and apparatus that control risk and uncertainty in a raffle |
WO2010027372A1 (en) * | 2008-09-08 | 2010-03-11 | Integrated Group Assets Inc. | Method and apparatus that control risk and uncertainty in a frequency priced raffle |
US20100062825A1 (en) * | 2008-09-08 | 2010-03-11 | Frick Michael D | Method and apparatus that control risk and uncertainty in a promotional lottery game with a hybrid prize structure |
US8540568B2 (en) * | 2010-10-22 | 2013-09-24 | Integrated Group Assets, Inc. | Method and apparatus for jackpot progression based on mathematical expectancy for wins at each price point |
US8485901B2 (en) | 2011-07-21 | 2013-07-16 | Igt | Gaming system and method for providing a multi-dimensional symbol wagering game with rotating symbols |
US8430737B2 (en) | 2011-07-21 | 2013-04-30 | Igt | Gaming system and method providing multi-dimensional symbol wagering game |
US8357041B1 (en) | 2011-07-21 | 2013-01-22 | Igt | Gaming system and method for providing a multi-dimensional cascading symbols game with player selection of symbols |
US20130029759A1 (en) * | 2011-07-28 | 2013-01-31 | International Mobile Sportsbook Company S.L | Global Pool Betting |
EP3061061A4 (en) * | 2013-10-21 | 2017-07-12 | Intralot, Inc. | Multi-jurisdictional progressive fast play lottery games and associated methods |
US10497214B2 (en) | 2013-10-21 | 2019-12-03 | Intralot, Inc. | Multi-jurisdictional progressive fast play lottery games with pool replenishment and associated methods |
US10366568B2 (en) | 2014-11-19 | 2019-07-30 | Henry Milligan | Lottery game providing a chance to win a jackpot at a reduced cost to the player, with an increased revenue to the operator and ticket retailer |
US10249144B2 (en) | 2016-02-05 | 2019-04-02 | Hydra Management Llc | Generation of game outcomes and a single validation file that includes the game outcomes for a plurality of instant ticket sub games having different prize levels |
Family Cites Families (15)
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US4842278A (en) * | 1986-06-02 | 1989-06-27 | Victor Markowicz | Hierarchical lottery network with selection from differentiated playing pools |
US5186463A (en) * | 1991-05-29 | 1993-02-16 | Marin Thomas C | Method of playing a lottery game |
US5275400A (en) * | 1992-06-11 | 1994-01-04 | Gary Weingardt | Pari-mutuel electronic gaming |
CA2170633A1 (en) * | 1993-08-27 | 1995-03-02 | Christopher Russell Byrne | Super keno |
US5909875A (en) * | 1994-01-18 | 1999-06-08 | Weingardt; Gary | Keno game |
CA2150215C (en) * | 1995-05-25 | 2003-02-25 | John Xidos | Distributed gaming system |
US5613679A (en) * | 1995-11-17 | 1997-03-25 | Casa; Nikko | Method of playing a lottery game |
US6241608B1 (en) * | 1997-01-15 | 2001-06-05 | Lawrence J. Torango | Progressive wagering system |
US6435968B1 (en) * | 1997-03-17 | 2002-08-20 | Lawrence J. Torango | Progressive wagering system |
US5779547A (en) * | 1997-01-16 | 1998-07-14 | Thunderbird Greeley, Inc. | Pari-mutuel gaming system and method of using same |
BR9815619A (en) * | 1997-11-19 | 2000-10-24 | Robert A Sarno | Process, apparatus and system for lottery games |
US6183361B1 (en) * | 1998-06-05 | 2001-02-06 | Leisure Time Technology, Inc. | Finite and pari-mutual video keno |
US6017032A (en) * | 1999-02-03 | 2000-01-25 | Grippo; Donald R. | Lottery game |
US6386975B1 (en) * | 2000-05-08 | 2002-05-14 | Vernon J. Peterson | Wagering game and system for its implementation |
US6887152B2 (en) * | 2001-05-24 | 2005-05-03 | Edward J. Stanek | Lotto game |
-
2004
- 2004-04-13 US US10/823,011 patent/US20050227759A1/en not_active Abandoned
-
2005
- 2005-04-13 WO PCT/US2005/012707 patent/WO2005101335A2/en not_active Application Discontinuation
- 2005-04-13 EP EP05734168A patent/EP1741073A1/en not_active Withdrawn
- 2005-04-13 AU AU2005234506A patent/AU2005234506A1/en not_active Abandoned
- 2005-04-13 CA CA002562921A patent/CA2562921A1/en not_active Abandoned
Cited By (2)
Publication number | Priority date | Publication date | Assignee | Title |
---|---|---|---|---|
WO2015162533A1 (en) * | 2014-04-24 | 2015-10-29 | Scientific Games Holdings Limited | Method and system to fund and conduct second chance games |
US9355525B2 (en) | 2014-04-24 | 2016-05-31 | Scientific Games International, Inc. | Method and system to fund and conduct second chance games |
Also Published As
Publication number | Publication date |
---|---|
EP1741073A1 (en) | 2007-01-10 |
AU2005234506A1 (en) | 2005-10-27 |
US20050227759A1 (en) | 2005-10-13 |
CA2562921A1 (en) | 2005-10-27 |
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