Monday 24 July 2017

It probably won't be you: Lotto now harder to win

Valerie Mooney, left, and Louise Dunne, staff with SuperValu, Knocklyon, Dublin who sold a multi-million euro winning ticket earlier this month. Photo: Collins
Valerie Mooney, left, and Louise Dunne, staff with SuperValu, Knocklyon, Dublin who sold a multi-million euro winning ticket earlier this month. Photo: Collins

Sean Duffy

Playing the Lotto has become more expensive and there is less chance of winning the largest prize since it was sold to Premier Lotteries Ireland (PLI), the man appointed to monitor the privatisation has admitted.

The regulator of the National Lottery, Liam Sloyan, said he was aware consumers would have less chance of winning the jackpot following the introduction of extra balls into the game.

However, Mr Sloyan said consumers still had the same chance of winning lower prizes, adding the prize pot had remained the same.

Criticised

He was speaking in front of the Oireachtas Finance Committee yesterday, where TDs and senators heard from a number of witnesses on how the National Lottery is operating since the licence was sold three years ago to PLI, which is backed by the Ontario Teachers' Pension Fund and An Post.

The regulator was criticised by TDs, who said more needed to be done to protect Irish consumers.

PLI has developed a number of new games since it bought the National Lottery from the State in 2014 for a fee of €405m.

The company secured the rights to run the national draw for 20 years.

Fianna Fáil's Michael McGrath said the fact there were 21 different lotto products on the market was "bananas".

Irish Independent

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