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Streak of jackpot winners is bad luck for Powerball lottery sales

Topic locked. Last post more than one year ago by CASH Only. 39 comments.

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MillionsWanted's avatar - th 39059 moneyman 122 80lo
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Norway
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December 10, 2004
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Posted: March 16, 2005, 5:23 pm - IP Logged Bottom

People must be spoiled thinking that $ 10-40 million is not enough to be interested in buying tickets.


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Posted: March 16, 2005, 5:32 pm - IP Logged Bottom Top

At least South Dakota (where the article was about), six other states and DC have Hot Lotto.

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Posted: March 16, 2005, 6:08 pm - IP Logged Bottom Top

Admittedly I'm not fluent in Lotterese. I take it that a "matrix" change would entail the drop of a few more white balls into the chute and the subsequent increase of odds - say maybe 1 in 150 million. Well hey I'll take that! It's too boring to drive by a convenience store and see the familiar powerball signs reading 10 million . . boooring!

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St Francis, WI
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Posted: March 16, 2005, 10:01 pm - IP Logged Bottom Top

I have the choice of playing many games right now....

(near the Wis-Illinois border)



Wis Megabucks..... $2.1 Million    1:7Mill odds

Powerball................ $18 Million    1:120 Million odds

Mega Millions.......... $36 Million    1:135 Mill odds...



And now



Illinois Lotto ........... $25 Million.... 1:10 million odds....



It makes Illinois Lotto 15x Better than Powerball and last week when Powerball was smaller Illinois Lotto was somthing like 27x plus better than powerball....



I did put a couple of bucks on the other games, but I dropped $20 bucks this week on Ill Lotto.....



The simple formula I use is that I take the cash amount and divide it by the odds...



The numbers for tonight...

It's not exact but gives a good guide.....



#1 Illinois lotto= 1.2525

#2 Wis Supercash= .2567      (pays nothing for 2 or 3 matches but everybody gets $250k)

#3 Illinois Little Lotto= .1737    (pays on 2 matches)

#4 Wis Megabucks= .1652    (sits at 1 mil for a month before increasing)

#5 Mega Millions=.1554

#6 Wis Badger 5= .0942 (was #2 last night) (pays on 2 matches)

#7 Powerball=   .0830



I created a spreadsheet that gives me all the data on these lottos...

Watching them on a daily basis becomes interesting...



MarkP

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Posted: March 16, 2005, 10:27 pm - IP Logged Bottom Top

Wow who would have though that low jackpots would equal low sales. You would think that people running these games sometimes slept through economics classes.

One would only hope that they change powerball. Perhaps follow my advice and make a game that comes close to or just over the 1:200 million mark. It's clear that the current game doesn't work if the purpose is to actually sell tickets and make participating states money.

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The center of your brain. *poke* Hurts?, PA
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Posted: March 17, 2005, 12:32 am - IP Logged Bottom Top

well who would have thought that it would be hit again.



Todd: Can we do a petition to get the powerball jackpot and matrix raised?

I finally got the old domain name back. Go to my website at www.dr-ew.tk. There's still some funny stuff there.

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Posted: March 17, 2005, 1:18 am - IP Logged Bottom Top

 

 Right now Powerball is the YUGO of Lotteries

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beltsville, md
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Posted: March 17, 2005, 7:20 am - IP Logged Bottom Top



the goal of the people who run these games is to generate higher sales through more people playing for a higher jackpot. the goal of real lottery players is to win enough money to get out of the rat race. these

two goals have nothing to do with one another.



hitchaser...

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Posted: March 17, 2005, 9:03 am - IP Logged Bottom Top

 

  Hello everyone,

  My name is Arthur and Im from De. Just sign to your little group. How about we all move to Pa it seems that  they are getting all the winning powerball numbers

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Posted: March 17, 2005, 9:33 am - IP Logged Bottom Top

Wow it was hit yet again. 120 million to one seems really high odds for a 10 million jackpot game.