Home » News » Pawn Lottery, Red Cross | Mortgage Lottery: So much of the money goes to the Red Cross

Pawn Lottery, Red Cross | Mortgage Lottery: So much of the money goes to the Red Cross

Many people probably push this button in the hope that all the money will go to the Red Cross for help, but the truth is that only 35 percent of your mortgage goes there.

You come with a bag full of empty bottles and the amount on the screen shows 47 kroner. Instead of getting the money, you choose to take the chance at Pantelotteriet. After all, 47 kroner equals 94 lots (one ticket costs 50 øre), so you press the button and leave it alone. The paper tag comes out with the disappointing message “No win this time”.

Yeah, but at least you’ve given $ 47 to a good cause, right?

The answer is, in part, no. Of the 47 kroner, a good part goes towards profits for other lucky winners, and some also goes to further operations, salaries and other administrative expenses.

In reality, you have only donated 34.5 percent of the sum, ie NOK 16.2, to the Red Cross.

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Best in class

Still, it should be said that if you want to combine charity with the chance to become a millionaire yourself, Pantelotteriet is probably the best option you have.

No lotteries in Norway give a larger share of the profits for the purpose, claims the general manager of the Pantel Lottery, Gaute Langdal.

– The mortgage lottery gives twice as much for the purpose as, for example, Norsk Tipping. At Pantelotteriet, only 35 per cent of the profits go to prizes to the participants, while at Norsk Tipping it is between 50 and 90 per cent. When such a large proportion goes back to the public in the form of winnings, there is little left for good causes, he tells Nettavisen.

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So, when only 34.5 percent of the proceeds go to the Red Cross and 35 percent of the money goes back to the participants in the form of winnings, where will the remaining money be?

9.75 per cent goes back to the stores, as they own the vending machines, and the lottery thus has to pay for access and the extra work that falls on the shop employees to run the lottery. 20.75 per cent goes to operations, marketing and investments in the company, including Thon Holding, which owns 60 per cent of the Pantelotteriet.

Langdal rejects the fact that there is someone in the company who takes out big salaries and winnings from the lottery’s revenue.

– I can guarantee that no one sits and takes out fat bonuses in connection with the mortgage lottery. This is about the Red Cross, he says.

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Donations don’t work

It is easy to imagine that the button could have worked as a pure donation button instead of a lottery, but we should think Langdal does not get the desired effect.

There are some machines in Norway that have this alternative button, but the disappointing news is that only one percent of the deposit is donated away. In comparison, as many as 12 percent of the Panthers choose to play in the Pantelotteriet.

– The problem with the clean donation buttons is that they have no incentives. In the pledge lottery, you support the Red Cross, while also having the opportunity to win a million kroner, he says.

If, on the other hand, you are of the generous kind, you can still choose to give away all your money to the Red Cross if you win the lottery. Unclaimed winnings in the lottery go to the Red Cross in full if they are not raised within 90 days.

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