Latest / Best of Business / Jason Delamore: Lotto NZ chief executive on the new changes coming to Lotto

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Jason Delamore: Lotto NZ chief executive on the new changes coming to Lotto · Best of Business

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  Speaker 2: Do for c Allen nineteen past five. I'll get to
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  Speaker 2: your texts in the tick. Lotto is getting its first
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  Speaker 2: big revamp in twenty years. There will now be more
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  Speaker 2: balls in the powerball machine. At the moment there are
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  Speaker 2: ten is going to go up to fourteen, and they're
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  Speaker 2: also adding an eighth division now. Jason Delamore is the
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  Speaker 2: Loto chief executive. Hi, Jason, Hi, heither, why are you
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  Speaker 2: making it harder to win the Big One?
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  Speaker 3: We're not necessarily making it harder. There's certainly a change
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  Speaker 3: to the number of balls that go into the powerball drawer,
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  Speaker 3: and that enables us to increase the size of the prizes,
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  Speaker 3: both the entry prize from four to five million, and
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  Speaker 3: there must be one from fifty to sixty million. But
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  Speaker 3: it also allows us to introduce a division eight, which
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  Speaker 3: significantly increases the number of winners that enjoy with Lotto
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  Speaker 3: every drawer.
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  Speaker 2: Forgive me if I'm wrong, because my understanding was that
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  Speaker 2: by through the changes that you're making, it does become
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  Speaker 2: harder to win that big Powerbowl, which is now which
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  Speaker 2: is now sixty million, up from fifty Am I wrong?
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  Speaker 3: No, that is correct from a Odds perspective, and then
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  Speaker 3: you put that into perspectives, so that means on average
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  Speaker 3: winning a jackpot, the jackpot draw goes from every three
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  Speaker 3: weeks to about every three and a half week, So
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  Speaker 3: that probably puts into a bit more contexts that folks
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  Speaker 3: can understand.
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  Speaker 2: Will we winning it too much too often?
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  Speaker 3: That is a consequence if you don't keep the game
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  Speaker 3: up to speed. So one of the things that has
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  Speaker 3: happened in New Zealand since who made the last change
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  Speaker 3: is our population is actually increased by over a million people,
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  Speaker 3: and so it's very normal for lotteries to tune their
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  Speaker 3: powerball and their lottery games in keeping with the population.
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  Speaker 2: Now, the new eighth division which you've added, which obviously,
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  Speaker 2: as you say, will have more frequent little winners. What's
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  Speaker 2: the prize? How small is it?
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  Speaker 3: We've yet to announce that, Heather, so that will come
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  Speaker 3: later on in a month or two. We're getting closer
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  Speaker 3: to the full announcement, Like.
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  Speaker 2: Give me, give me, because you know I need to know.
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  Speaker 2: Are we dealing in hundreds of thousands, hundreds tens?
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  Speaker 3: What are we dealing with here, it'll be a smaller
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  Speaker 3: cash prize.
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  Speaker 2: What's small to you?
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  Speaker 3: It's when you get closer to the day you'll be
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  Speaker 3: the first recall.
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  Speaker 2: We had a discussion about this. Everybody has got completely
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  Speaker 2: different different ideas of like, what does an acceptable lotto win.
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  Speaker 3: I think you can have a lottery prize on what
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  Speaker 3: it will be?
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  Speaker 2: My I reckon anything short of five million. I'm not
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  Speaker 2: happy about. What about you?
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  Speaker 3: You're not happy? No, you're into the bigger drawers are yeah? Yeah, yeah,
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  Speaker 3: Well well we've interviewed a number of our wines, of course,
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  Speaker 3: and people, even five million people just find that such
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  Speaker 3: a life changing experience. So mm hmm.
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  Speaker 2: Jason, thank you. I appreciate it. Jason Delamore, Loto, Chief.
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