Search

Florida Fantasy-5 PlayersReply
If you're wondering why low ticket sales translates into no jackpot winner, it's due to what the people who run lottery's call coverage . In FF5 there are 376,992 possible and different combinations of five numbers. If they sold each and every one of those possible combo's that would be 100% coverage of all of the total possible combo's. That rarely ever happens. To produce 50% coverage (hence a 50/50 chance of there being a jackpot winner) The Florida Lottery must sell 198,496 different
Mar 26, 2023, 8:45 am - GiveFive - Pick 5 Forum

Florida Fantasy-5 PlayersReply
The people who run state lottery games can and do make mistakes. Here's a story about an online game that The New York Lottery once offered that was a colossal failure and was eventually pulled by the NY Lottery. The game was called Sweet Millions. It offered very low odds to win a million dollars and each and every top prize winner in all drawings collected one million dollars if they matched all six numbers. The bad thing about Sweet Millions was the lower tier prizes were awful. The game
Mar 26, 2023, 8:13 am - GiveFive - Pick 5 Forum

Florida Fantasy-5 PlayersReply
Yeah... didn't think about that. But they gotta put out the new playslips pretty soon. I'm wondering during which hour of the day right now do they sell the most FF5 tickets? Normally nobody would care about that with just one drawing per day, but after March 20th, it makes a difference. Suppose they sell $600,000 worth of tickets in 24 hours - which is what they do now. That's an average of 25,000 tickets per hour. Except it doesn't really work like that. I would think that every day ti
Mar 10, 2023, 8:24 am - GiveFive - Pick 5 Forum

Record $1.9 billion Powerball drawing delayed until TuesdayReply
$2.04B and $997M cash option are final numbers! If those numbers are accurate the cash increased by $215 million and that means they sold roughly 330 million tickets. That would be the most for the entire run despite being for a Monday drawing. It also means they sold about 2/3 of the combinations, with the chance of single winner at 36.5%, two winners at 20.6%, and 3 winners at 7.8%. It also means they sold roughly half as many tickets a they did for the (now legitimately) previous rec
Nov 8, 2022, 10:05 am - KY Floyd - Lottery News

$900 MILLION: Powerball jackpot rises, but sales miss in last draw makes for small increaseNews Story
By Todd Northrop Powerball lottery players might be wondering this morning why the jackpot only increased by $25 million after nobody won last night's $875 million grand prize. The answer is that the last jackpot was estimated too high. During the live drawing it was announced that after all proceeds were counted, the final jackpot tally came to $829.4 million $45.6 million shy of the expected amount. Likewise, the cash value that was initially estimated to reach $452.2 million only in f
Jul 16, 2023, 6:41 am - Todd - Lottery News

$1.1 BILLION: Rush of Mega Millions lottery sales prompts officials to raise jackpot estimateNews Story
Now the 3rd-largest lottery jackpot in history By Todd Northrop A rush of lottery ticket sales for the $1.025 billion Mega Millions jackpot has prompted lottery officials to revise their estimate for the Friday night drawing just one day after it was announced to $1.1 billion an increase of $75 million. The increased jackpot now ranks as the 3rd-largest lottery jackpot in history, and the 2nd-largest in Mega Millions game history. The all-important lump-sum cash value is now esti
Jul 28, 2022, 12:40 pm - Todd - Lottery News

$1.23 BILLION: Powerball jackpot juggernaut keeps rollingReply
I wouldn't call it an adjustment, but it's not at all rare for the cash:annuity ratio to remain the same from one drawing to the next. According to the worksheets on the TX website the last two runs have consistently kept the same ratio for 3 consecutive drawings before changing for the next 3 drawings. What's unusual is a change as big as this one. The annuity estimate was increased by $70 million, while the cash value only increased by $13.8 million. We've seen mistakes in some of the reported
Apr 6, 2024, 1:27 am - KY Floyd - Lottery News

Big Prize Winners on LPReply
Only a tiny percentage of members are active so even if several of the inactive members won a big prize , we'll never know. It looks like the consensus here is claiming anonymous or trying to remain anonymous as much as possible. If we assume that 50% are active in playing different lottery games If half the lottery post members bought two PB tickets each for last Saturdays drawing, it's only 0.76% of the total sales. Not saying nobody here won a big prizes, but a quarter of a million
Nov 7, 2023, 2:25 pm - Stack47 - Lottery Discussion Forum

Lottery Bible ~ Large PrintReply
The good news is everyone at your office is using deodorant. The bad news is nobody was wearing it before they returned to work in person. Unilever, the company that owns Dove, Axe, Rexona, and several other deodorant brands, said the post-pandemic return to offices led to a 15% surge in deodorant sales, boosting total sales at Unilever 5.2% to $16 billion in the latest quarter. People didn t buy deodorant as much when they were working from home, CFO Graeme Pitkethly said. . 015, 520,
Nov 3, 2023, 7:25 am - Harve$t Moon - Lottery Systems Forum

Decrease of cash valueReply
The cash value of lottery jackpots hasn't changed. It's still the same percentage of sales that it's been for several years, and only changes when the lotteries change the prize structure. The annuity is an investment, and how well it does depends on interest rates. Interest rates have gone up, so a given amount of cash buys an annuity with a higher total payout. That total payout is the sum of the actual cash and all of the interest earned by the cash because the lottery doesn't keep a penn
Oct 16, 2023, 7:44 pm - KY Floyd - Lottery Discussion Forum