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NY's Lotto no match for Powerball, Mega Millions

New York LotteryNew York Lottery: NY's Lotto no match for Powerball, Mega Millions
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ALBANY, N.Y. — Lotto is still losing its mojo.

New York's venerable twice-weekly Lotto drawing continues its long-term decline in an age of multi-state mega jackpots. Even as overall lottery revenues grew, receipts from Lotto dropped from $137.5 million in 2005 to a projected $44 million for the state fiscal year ending March 31, according to Gov. Andrew Cuomo's recent budget proposal.

Lotto is simply less alluring than the six-figure jackpots of Powerball and Mega Millions, which are sold around the nation.

"With Powerball, the amount is always so much more than Lotto," said Eric Gordon, a Powerball player checking out the $194 million jackpot sign on his way to work in Albany on Thursday, a day when Lotto's jackpot was $8.4 million. "Just a bigger pot and the feeling and the adrenaline that you get from thinking, 'Maybe I can win this!'"

Lotto was introduced as a pick-your-own numbers game in 1978, and an early jackpot was $250,000. A state lottery report from 1983 notes that Lotto's popularity was slow in coming, "but once it did the success was phenomenal." Long lines of Lotto players at delis and convenience stores became a common sight when jackpots swelled. The ubiquitous "Hey, You Never Know" ad campaign was launched in 1991 to spotlight high jackpots.

In 1995, it was New York's No. 1 game as measured by dollars brought in by ticket sales. But the game reached its peak a couple of years later.

Lotto now represents a small slice of the state's lottery revenue.

The estimated $44 million in Lotto receipts projected for this fiscal year compares to $166 million for Powerball in New York and $124 million for Mega Millions. New York also projects $632 million from instant games and $937 million from video lottery terminals at the state's nine so-called racinos.

Lotto's eclipse and the rise of video slots fits in with a larger trend of gamblers gravitating toward bigger jackpots and faster games, said John Warren Kindt, professor emeritus of business and legal policy at the University of Illinois at Urbana-Champaign.

"The marketing all shows that the smaller pots are less attractive and slower forms of gambling are less attractive," said Kindt, a lottery expert.

A spokesman for the lottery noted that revenue from Lotto began to decline long ago with the rise of multistate jackpots. Spokesman Lee Park declined to comment on the future of Lotto but said they continue to evaluate games and marketing to increase sales.

"The New York Lottery continues to be the most profitable in North America with record-strong sales and revenue for education," Park said.

AP

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24 comments. Last comment 5 months ago by THRIFTY.
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maringoman's avatar - kobold
Massachusetts
United States
Member #37433
April 14, 2006
1892 Posts
Offline
Posted: February 3, 2014, 3:44 pm - IP Logged

NY Lotto: Horrible odds when compared to the many other games that NY and nearby states offers. When I happen to be in NYC I only ever spend $1 on this game. Even at $1 for 2 lines this game has terrible odds.

NUMBERS MATCHED
PRIZE LEVEL
CHANCES OF WINNING
On a $1 Play
Six
1st
1:  45,057,474.00
1: 22,528,737.00
Five + bonus
2nd
1: 7,509,579.00
1: 3,754,789.50
Five
3rd
1: 144,414.98
1: 72,207.49
Four
4th
1: 2,179.85
1: 1,089.92
Three
5th
1: 96.17
1: 48.08

It's a futile effort.

    Todd's avatar - Cylon 2.gif
    Chief Bottle Washer
    New Jersey
    United States
    Member #1
    May 31, 2000
    21436 Posts
    Online
    Posted: February 3, 2014, 3:52 pm - IP Logged

    The only way to compare to other states is the $1 per play odds.

     

    Check the State Lottery Report Card
    What grade did your lottery earn?

     

    Sign the Petition for True Lottery Drawings
    Help eliminate computerized drawings!

      maringoman's avatar - kobold
      Massachusetts
      United States
      Member #37433
      April 14, 2006
      1892 Posts
      Offline
      Posted: February 3, 2014, 4:13 pm - IP Logged

      The only way to compare to other states is the $1 per play odds.

      Compare those odds to the odds below for Sweet Million game that cost $1. Note that I am comparing the $1 odds.

      NUMBERS MATCHED
      PRIZE*
      CHANCES OF WINNING
      6 out of 6
      $1,000,000 Cash
      1 in: 3,838,380
      5 out of 6
      $500.00 Cash
      1 in: 18,815.59
      4 out of 6
      $40.00 Cash
      1 in: 456.14
      3 out of 6
      $3.00 Cash
      1 in: 32.07

       

      The odds of winning the top prize of $1M on Sweet Million are comparable to the odds of winning the Lotto's second prize (On a $1 Play). The only problem is the Lotto's second prize never pays anywhere close to $1M

      It's a futile effort.

        Avatar
        NEW YORK
        United States
        Member #90537
        April 29, 2010
        3190 Posts
        Offline
        Posted: February 3, 2014, 5:27 pm - IP Logged

        I DO NOT PLAY THE NEW YORK LOTTO.

        I DID NOT PLAY THE NEW YORK LOTTO TODAY.

        HOW TO WIN THE LOTTERY BY NOT PLAYING=SAVE YOUR MONEY TO PLAY THE LOTTERY SOMEDAY.



        OUR REGULAR LOTTERY PROGRAMMING.

        1) Playing the lottery more often for less tickets= Buying 1 lottery ticket.

        2) Playing the lottery less often for more tickets= Buying multiple lottery tickets.

        3) Playing the lottery less often for less tickets= Buying 1 lottery ticket monthly or yearly.

        4) Playing the lottery more often for more tickets= Spending more money= Gambling addiction.

        I SET A LOTTERY STOP LOSS LIMIT TO MINIMIZE MY LOSSES.

        A lottery stop loss limit is very important to be a successful lottery player over the long term.

        MESSAGE TO THE NEW YORK LOTTERY.

        SELLING LOTTERY TICKETS THROUGH THE INTERNET IS A GREAT SOLUTION. Illinois lottery sells lottery tickets online to its residents. Illinois residents are also able to buy lottery tickets using a MOBILE APPLICATION.

          DDOH937's avatar - Lottery-028.jpg

          United States
          Member #149603
          December 4, 2013
          192 Posts
          Offline
          Posted: February 3, 2014, 6:31 pm - IP Logged

          The estimated $44 million in Lotto receipts projected for this fiscal year compares to $166 million for Powerball in New York and $124 million for Mega Millions. New York also projects $632 million from instant games and $937 million from video lottery terminals at the state's nine so-called racinos.

           

           

          These guys are pulling in big bucks all over the place aren't they? Just shy of $2 Billion a year into the State's coffers eh!! Wow, these States really depend on lotto/gaming funds more than i thought.

          "It's good to have money and the things that money can buy, but it's good, too, to check up once in a while and make sure that you haven't lost the things that money can't buy." - George Lorimer

            whiteballz's avatar - Lottery-015.jpg
            Nutley, New Jersey
            United States
            Member #131063
            August 1, 2012
            771 Posts
            Offline
            Posted: February 3, 2014, 6:49 pm - IP Logged

            Most people seem to want huge jackpots regardless of the odds.

            .


              United States
              Member #124498
              March 14, 2012
              7024 Posts
              Offline
              Posted: February 3, 2014, 7:46 pm - IP Logged

              Lotto's eclipse and the rise of video slots fits in with a larger trend of gamblers gravitating toward bigger jackpots and faster games, said John Warren Kindt, professor emeritus of business and legal policy at the University of Illinois at Urbana-Champaign

               

              What is the opinion of this expert on how the moral of the people were literally stepped on, and the consequence in decreased sales, when they increased the balls from 44 to 59?

                Coin Toss's avatar - shape barbed.jpg
                Zeta Reticuli Star System
                United States
                Member #30470
                January 17, 2006
                8917 Posts
                Offline
                Posted: February 4, 2014, 1:22 am - IP Logged

                I think the OP title, NY's Lotto no match for Powerball, Mega Millions, holds true for many states.

                Illinlois Lotto starts at $2M and rolls over $250,000 when no one wins it.

                The Missouri Lotto jackpot is usually in the $1M to $4M range.

                Those who run the lotteries love it when players look for consistency in something that's designed not to have any.

                Lep

                There is one and only one 'proven' system, and that is to book the action. No matter the game, let the players pick their own losers.

                  RedStang's avatar - mustangstu zps4c591ef5.jpg
                  Dutchess , NY
                  United States
                  Member #121966
                  January 21, 2012
                  2516 Posts
                  Offline
                  Posted: February 4, 2014, 1:39 am - IP Logged

                  They make it seem like the game is a failure, but when there's only 3 winners a year, it's really a financial winner for them. I play the CT games because the payouts for NY games are pathetic.

                    rdgrnr's avatar - walt
                    -Ridge Runner- Oracle of the Appalachians
                    Way back up in them dadgum hills, son!
                    United States
                    Member #73904
                    April 28, 2009
                    14903 Posts
                    Offline
                    Posted: February 4, 2014, 7:58 am - IP Logged

                    They make it seem like the game is a failure, but when there's only 3 winners a year, it's really a financial winner for them. I play the CT games because the payouts for NY games are pathetic.

                    "...NY games are pathetic."

                    Maybe so but look at the bright side, their corned beef sandwiches are excellent!

                      dallascowboyfan's avatar - tiana the-princess-and-the-frog.jpg
                      Oklahoma
                      United States
                      Member #82391
                      November 12, 2009
                      5214 Posts
                      Offline
                      Posted: February 4, 2014, 9:43 am - IP Logged

                      NY Lotto: Horrible odds when compared to the many other games that NY and nearby states offers. When I happen to be in NYC I only ever spend $1 on this game. Even at $1 for 2 lines this game has terrible odds.

                      NUMBERS MATCHED
                      PRIZE LEVEL
                      CHANCES OF WINNING
                      On a $1 Play
                      Six
                      1st
                      1:  45,057,474.00
                      1: 22,528,737.00
                      Five + bonus
                      2nd
                      1: 7,509,579.00
                      1: 3,754,789.50
                      Five
                      3rd
                      1: 144,414.98
                      1: 72,207.49
                      Four
                      4th
                      1: 2,179.85
                      1: 1,089.92
                      Three
                      5th
                      1: 96.17
                      1: 48.08

                      Crazy odds.

                      I Love Pink & Green 1908

                        Avatar
                        New Member
                        New Jersey, Paterson
                        United States
                        Member #140719
                        March 25, 2013
                        25 Posts
                        Offline
                        Posted: February 4, 2014, 10:22 am - IP Logged

                        Ny and NJ need to fix their current pick 6 lottery.  Both have small jackpots that take forever to grow into anything worth playing for.  Look at the California Super Lotto, it doesn't pay as much as Power Ball or Mega but it does have some decent size jackpots that are attractive when you see them.

                        All I ask is the chance to prove that money can't make me happy.

                          RedStang's avatar - mustangstu zps4c591ef5.jpg
                          Dutchess , NY
                          United States
                          Member #121966
                          January 21, 2012
                          2516 Posts
                          Offline
                          Posted: February 4, 2014, 10:49 am - IP Logged

                          "...NY games are pathetic."

                          Maybe so but look at the bright side, their corned beef sandwiches are excellent!

                          The CB sandwiches are pretty good but they don't compare to Patels 40 day slow rolled hotdogs. Some of the top Chefs in the world can't mimic the flavor.

                            maringoman's avatar - kobold
                            Massachusetts
                            United States
                            Member #37433
                            April 14, 2006
                            1892 Posts
                            Offline
                            Posted: February 4, 2014, 4:24 pm - IP Logged

                            Crazy odds.

                            dallascowboyfan  I know you've said you would want a local Lotto game in OK but if it offers such terrible odds then MM & PB are better for you.

                            It's a futile effort.