How does a Drawdown work?
Perforated numbered tickets are purchased the ticket holder keeps their ticket half and the other ticket half is put in a large bin and mixed. At the night of the Drawdown tickets are pulled out from the bin. The ticket numbers are announced and posted on a large tracking board. Once the ticket is called out and placed on the tracking board the ticket is eliminated from winning. This process continues until there is one ticket in the bin. The last ticket in the bin is the winning ticket. The winning ticket is a 50/50 winner with the Post. The 50/50 is based on the total sum of all ticket verified sales for the Drawdown period.
Is there only one (1) winner?
There is a possibility of multiple winners. When there are 10 remaining tickets in the bin the Drawdown Host will ask if the ticket holders would like to split the pot or continue drawing? This is an individual decision not a majority vote decision. Meaning all tickets holders must agree to split pot, if one (1) or more holders choose not to split - the draw-down continues until the remaining ticket holders agree to split or until only one ticket remains.
What is the price of tickets?
Ticket prices are $10.00 without insurance and $15.00 with insurance.
What is insurance?
A twist to the Post Drawdown will be the option to purchase a ticket with insurance. Insurance tickets are the same as shape, size, and color as regular tickets. When an insurance ticket is pulled instead of automatically being eliminated from winning, the insurance ticket is put back in the bin for a second chance to win -- one (1) time. Thus giving the ticket holder (for a fee) two chances at winning.
When are insurance tickets bought?
Before the ticket goes in the draw bin. Ticket holders cannot buy insurance after their ticket is pulled from the bin.
Can an insurance ticket win a Random Draw Prize and the 50/50?
Yes
