Fun Money Experiment #1: Scratch Lottery $2,500 A Week For Life

By | August 18, 2014

$2,500 A Week For Life - logo

It has been a long time since I have done a fun money experiment. Lately, I have seen many people buy and play the scratch lottery tickets. So I went to a local deli and looked at the different types of the scratch lottery that are available for purchase. I decided to try the $2,500 A Week for Life scratch lottery tickets. I have no intention of winning the jackpot, but I do expect to see some $$$ here and there to keep me entertained. Let’s see the chances of winning in these scratch lottery tickets.

My experiment will involve buying $100 worth of the same type of scratch lottery. The test will show the number of winning tickets and the total winning amount.

The cost per ticket is $5, so I bought 20 tickets for a total of $100. Below are the results.

Ticket #1: Nothing

$2,500 A Week For Life 001 $2,500 A Week For Life 001A

Ticket #2: Nothing

$2,500 A Week For Life 002 $2,500 A Week For Life 002A

Ticket #3: Nothing

$2,500 A Week For Life 003$2,500 A Week For Life 003A

Ticket #4: Nothing

$2,500 A Week For Life 004 $2,500 A Week For Life 004A

Ticket #5: Nothing

$2,500 A Week For Life 005 $2,500 A Week For Life 005A

Ticket #6: Winner $5

$2,500 A Week For Life 006$2,500 A Week For Life 006A

Ticket #7: Nothing

$2,500 A Week For Life 007$2,500 A Week For Life 007A

Ticket #8: Nothing

$2,500 A Week For Life 008$2,500 A Week For Life 008A

Ticket #9: Nothing

$2,500 A Week For Life 009 $2,500 A Week For Life 009A

Ticket #10: Nothing

$2,500 A Week For Life 010$2,500 A Week For Life 010A

Ticket #11: Nothing

$2,500 A Week For Life 011$2,500 A Week For Life 011A

Ticket #12: Nothing

$2,500 A Week For Life 012$2,500 A Week For Life 012A

Ticket #13: Nothing

$2,500 A Week For Life 013$2,500 A Week For Life 013A

Ticket #14: Winner $15

$2,500 A Week For Life 014$2,500 A Week For Life 014A

Ticket #15: Nothing

$2,500 A Week For Life 015$2,500 A Week For Life 015A

Ticket #16: Nothing

$2,500 A Week For Life 016$2,500 A Week For Life 016A

Ticket #17: Nothing

$2,500 A Week For Life 017$2,500 A Week For Life 017A

Ticket #18: Nothing

$2,500 A Week For Life 018$2,500 A Week For Life 018A

Ticket #19: Nothing

$2,500 A Week For Life 019 $2,500 A Week For Life 019A

Ticket #20: Winner $50

$2,500 A Week For Life 020 $2,500 A Week For Life 020A

 

Results

Total Winning: $5 + $15 + $50 = $70
Chance of Winning:
3 in 20 tickets = 15%
According to New York Lottery website for $2,500 A Week for Life, the overall chances of winning is 1 in 4.75 or 21%. In this experiment, I fared worse than the overall chances.

Net Gains: Wins – Initial Capital = $70 – $100 = -$30
In this experiment, the total winnings came out to $70, but my initial cost was $100 for all the tickets, so in net, I lost $30.

Thoughts
It was tedious scratching all the tickets manually with a coin. Let me know your thoughts on these scratch lottery ticket games. If you would like to see me do another fun money experiment with scratch lottery tickets, let me know which other type you want me to try with.

Disclaimer: This post is purely for entertainment and is not an advocate or advice for buying scratch lottery tickets. This post is not sponsored by any company or organization.

One thought on “Fun Money Experiment #1: Scratch Lottery $2,500 A Week For Life

  1. phyllis wilcher

    In chicago how many 2500 to 5000 a week tickets are avalible in illinois.

    Reply

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