Selling Lottery tickets in your mat?

[Gatorlenny]

For those in Florida, I am looking into the possibility of selling Lottery tickets in my mat. I am fully attended so that part is a no brainer. The business development poeple at the Lottery are looking at "non traditional" venues for business, and well we all qualify. Costs to me are a $100 application fee and a $10/week supply fee. Lottery provides a satellite for communication and all the equipment. I would make 5% on each ticket sold, and 1% on each ticket cashed in. I would only have to cash in up to $599. They offer a 6 month ramp to get up to 1200 tickets sold per week.

I look at as a way to increase some foot traffic. Maybe people that did not know we were there, find out we are. Lottery stats show a business will pick up by 11%. I don't expect to be anywhere near that. But a 2-3% increase would be nice:) I can make a few extra $ per year with minimal effort if we can sell the minimum.

Concerns: now we will have more cash on hand, and it might make us a target for crime. We get people in the store we may not want.

I understand a totally automated way to purchase tickest is coming, and that would be a nice way to get nice little profit for a few square feet with even less attendant interaction.

My question is has anyone here tried this and what did you experience?

Thanks in advance!

[fishmanz]

I looked into Keno for my mat but the prophit was not there. .5 cents per sale in Rhode Island and no share of winners. It pulls lowlife people in to hang around. You have to be there every minute to operate the machine and pick up the mess they leave behind. They can keep it as far as I'm concerned.

Scratch tix love to be stolen. In my state the store has to buy the books of tickets themselves. The more choices you have, the more you have to buy for your inventory. That's a big outlay of cash and if they are stolen, it's all on you as they are yours, not the lotterys'.