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 MineRealm Lotto 2014 - Official Details [1.5M+ CREDITS!] 
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Post MineRealm Lotto 2014 - Official Details [1.5M+ CREDITS!]
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Lotto 2014
--
1st Place: 1,509,600 - #02632 (claimed by benza435)
2nd Place: 283,050 - #00495 (unclaimed)
3rd Place: 94,350 - #00837 (claimed by Reuden)

To claim your prize, either post below, or message a staff member.

How to enter:
To buy a ticket for 500 credits: /lottery buy
To see your tickets: /lottery tickets

--

The lottery end/drawing is on January 1st, 2014! Enter now!

Last years jackpot was over 1.3 million credits!
Find more info here: viewtopic.php?f=4&t=10902

Drawing Schedule:
The winning lottery numbers will be announced at 3:00PM PST on January 1st, 2014.

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Have a question or comment? Post it below!

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Thu Dec 05, 2013 10:31 pm
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Post Re: MineRealm Lotto 2014 - Official Details
What program/method will be used to determine the winner?

Will there be runner-up spots like last time?

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Thu Dec 05, 2013 10:50 pm
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Post Re: MineRealm Lotto 2014 - Official Details
Eetrab wrote:
What program/method will be used to determine the winner?

Will there be runner-up spots like last time?


We'll be using http://www.random.org/

Also, still planning on second & third place prizes like last year.

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Thu Dec 05, 2013 11:08 pm
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Post Re: MineRealm Lotto 2014 - Official Details
Does the server also take 10% tax on this or is it a straight up 500rc?

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Fri Dec 06, 2013 12:50 am
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Post Re: MineRealm Lotto 2014 - Official Details
Bu1ld0g wrote:
Does the server also take 10% tax on this or is it a straight up 500rc?

The server takes a 50% tax, actually. The jackpot is equal to 250rc*the number of tickets bought, and (assuming the same as last year) divided like so:
80% to 1st place
15% to 2nd place
5% to 3rd place.

The rest of the money is removed to prevent long-term inflation. And just to let everyone know, it's probabilistically unfavorable to enter the lottery. The calculations are too complex to post here, but just know that to make a profit (or in this case, destroy some money and still break even) a lottery has to be nonprofitable to enter. You should be a few tickets anyway, though, because it's fun and it helps the server.

~dlgn

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Fri Dec 06, 2013 10:16 am
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Post Re: MineRealm Lotto 2014 - Official Details
Bu1ld0g wrote:
Does the server also take 10% tax on this or is it a straight up 500rc?


Standard 10% transaction tax when the prize is sent to the winner.

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Fri Dec 06, 2013 12:06 pm
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Post Re: MineRealm Lotto 2014 - Official Details
I bought ticket number 467 right after the server announced the "estimated jackpot" is 603,200. How does 467 tickets add up to 603k? Is there extra money in the jackpot to increase ticket buying or is this a bug?

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Sat Dec 07, 2013 11:50 am
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Post Re: MineRealm Lotto 2014 - Official Details
It seems the "estimated jackpot" might actually be the estimated end jackpot. It finds the rate at which tickets are bought, uses this to estimate how many tickets will be bought by January 1st, and determines the "jackpot" which will be received by the 1st place winner (50% of the cost of the tickets minus tax). IIRC, this is different from last year.

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Mon Dec 09, 2013 8:34 am
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Post Re: MineRealm Lotto 2014 - Official Details
The estimated jackpot hasnt changed from 1,289,600 for a while now, and I'm sure people have been buying tickets. Is this intended, or just a bug?
Sun Dec 15, 2013 10:57 pm
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Post Re: MineRealm Lotto 2014 - Official Details
The rest is being held in an off-shore account for tax evasion purposes pie :P

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Sun Dec 15, 2013 11:19 pm
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