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Eastern Time (GMT-5:00) | New Powerball payout tableSalt Lake City, UT United States Member #70366 January 18, 2009 589 Posts Online | | Posted: December 17, 2011, 4:31 am - IP Logged | |
The following is the new Powerball payout starting in 2012 NEW POWERBALL PRIZE PAYOUT TABLE* MATCH | PRIZE | POWERPLAY | ODDS | Five White + Powerball | JACKPOT | N/A | 1:175,223,510 | Five White | $1,000,000 | $2,000,000 | 1:5,153,633 | Four White + Powerball | $10,000 | $40,000 | 1:648,976 | Four White | $100 | $200 | 1:19,088 | Three White + Powerball | $100 | $200 | 1:12,245 | Three White | $7 | $14 | 1:360 | Two White + Powerball | $7 | $14 | 1:706 | One White + Powerball | $4 | $12 | 1:111 | Powerball | $4 | $12 | 1:55 |
*This table will become effective with the Powerball draw on January 18, 2012. I use to play PowerPlay but might not now with the change of using fixed multipliers. I find it strange that 1 White + Powerball and Powerball pay the same amount of $4. On a regular basis I can hit 2W+PB or 3WB for $7 under current payout table. Assuming the lowest 2X multipler I get a return 7x on my money but even larger if 3X,4X, or 5X is used as multiplier. With the new table your only getting 4.6 payout. They have toploaded the payout for big wins which people are rarely going to hit, and reduced the lower tier payout that most people have a reasonable chance of winning. Jimmy | | |
United States Member #94645 July 24, 2010 2920 Posts Offline | | Posted: December 17, 2011, 2:25 pm - IP Logged | |
Yea I see what you mean, I ONLY play with the Powerplay, and since it looks like they are taking away the multiplier it is not worth it anymore. | | |
NEW YORK United States Member #90565 April 29, 2010 1676 Posts Offline | | Posted: December 18, 2011, 8:49 am - IP Logged | |
Yea I see what you mean, I ONLY play with the Powerplay, and since it looks like they are taking away the multiplier it is not worth it anymore. You can actually participate with 1 quick pick ticket in any lottery game pool. Remember every lottery game is just a big pool of players in itself. | | |
Mcminnville, Oregon United States Member #3070 December 13, 2003 1900 Posts Offline | | Posted: December 18, 2011, 8:58 pm - IP Logged | |
From the looks of that jackpot payout table the 5+0 and 5+1 prizes are the only ones worth winning. Too bad their the hardest to win. Oh well I will play any ways. Good luck to all!-weshar75 | | |
DFW, Texas United States Member #79155 August 18, 2009 134 Posts Offline | | Posted: December 19, 2011, 4:33 pm - IP Logged | |
The odds change slightly, since you're a tiny amount more likely to get the Powerball number, and the price doubles, but most of the prize amounts stay the same. They put the highest Powerplay multiplier on the level that's third-hardest to win, as well as quintupling the base prize at the second level, while while fixing the lowest multiplier on the levels people are most likely to win, other than the very bottom. The biggest gains are at the top (least likely) levels. If I match 3 white balls, I pay an extra dollar to win the same amount, or pay an extra dollar to have the lowest multiplier locked in, and still multiplying the same base amount. I can't say I'm a fan. It is jackpots that sell tickets, but it's also the lower levels where most people win. I'm not usually one to complain, but other than the bigger jackpots, and the million-dollar prizes (the least likely outcomes), this looks awful to me. I could make a joke about occupying Powerball, since they want to make a $6 net win into a $5 net win and transfer the remainder to the biggest winners, but I don't want to get a political discussion started.
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United States Member #93192 June 23, 2010 640 Posts Offline | | Posted: December 19, 2011, 5:05 pm - IP Logged | |
Are you sure that the Powerball is $2 per draw? | | |
olplugger Mechanicsville, VA United States Member #84260 December 23, 2009 1099 Posts Online | | Posted: December 19, 2011, 5:22 pm - IP Logged | |
Are you sure that the Powerball is $2 per draw? Yep.... 2 bucks. I read this on the Virginia Lottery website: "Changes to Powerball will mean larger jackpots and better chances of winning. After someone wins, jackpots will start over at $40 million, double the current $20 million. The overall chances of winning any prize will improve to 1 in 31.8 from the current 1 in 35. The chances of winning the jackpot will change to 1 in 175 million from 1 in 195 million. The ticket price will increase to $2." "My thoughts do not aim for your assent; just place them alongside your own reflections for awhile." - Robert Nozick, Philosopher - | | |
Salt Lake City, UT United States Member #70366 January 18, 2009 589 Posts Online | | Posted: December 20, 2011, 7:20 pm - IP Logged | |
The following is the new Powerball payout starting in 2012 NEW POWERBALL PRIZE PAYOUT TABLE* MATCH | PRIZE | POWERPLAY | ODDS | Five White + Powerball | JACKPOT | N/A | 1:175,223,510 | Five White | $1,000,000 | $2,000,000 | 1:5,153,633 | Four White + Powerball | $10,000 | $40,000 | 1:648,976 | Four White | $100 | $200 | 1:19,088 | Three White + Powerball | $100 | $200 | 1:12,245 | Three White | $7 | $14 | 1:360 | Two White + Powerball | $7 | $14 | 1:706 | One White + Powerball | $4 | $12 | 1:111 | Powerball | $4 | $12 | 1:55 |
*This table will become effective with the Powerball draw on January 18, 2012. I use to play PowerPlay but might not now with the change of using fixed multipliers. I find it strange that 1 White + Powerball and Powerball pay the same amount of $4. On a regular basis I can hit 2W+PB or 3WB for $7 under current payout table. Assuming the lowest 2X multipler I get a return 7x on my money but even larger if 3X,4X, or 5X is used as multiplier. With the new table your only getting 4.6 payout. They have toploaded the payout for big wins which people are rarely going to hit, and reduced the lower tier payout that most people have a reasonable chance of winning. Jimmy I guess I'm the only one bothered by the fact that 1WB + 1PB = 1PB = $4. Matching more pays the same amount as matching less seems like your getting ripped off but I guess that's just me. 3WB + 0PB = $14, 1PB = $12. You can see that matching 3WB only pays you $2 more. Matching 3WB is alot harder than matching 1PB and you should be compensated more than the crumbs they are offering with the fixed 2x multiplier. If they would have left the multiplier alone I probably would have continued the PowerPlay but not now. Unlike most people here I have to travel to Idaho to play, so I'm not going to make a 3 hour round-trip to Idaho to only play 1 line. I play 25 lines so the difference between $50 and $75 is a big deal to me. Jimmy | | |
Texas United States Member #56363 October 23, 2007 2418 Posts Offline | | Posted: December 21, 2011, 9:00 pm - IP Logged | |
Yeah...the payouts don't make a lot of sense. I'm going to keep playing PB, but I won't play the powerplay when it changes. I looked on the PB website but coundn't find any payout chart for the new payouts. Where did you find it? CAN'T WIN IF YOU'RE NOT IN A DOLLAR AND A DREAM (OR $2)
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Salt Lake City, UT United States Member #70366 January 18, 2009 589 Posts Online | | Posted: December 21, 2011, 11:54 pm - IP Logged | |
Yeah...the payouts don't make a lot of sense. I'm going to keep playing PB, but I won't play the powerplay when it changes. I looked on the PB website but coundn't find any payout chart for the new payouts. Where did you find it? I found it on the Idaho state lottery site under the news section. If you Google "2012 Powerball changes" you will find an article by someone that analyzed 2012 Powerball vs existing MegaMillions payouts. Other than top tier, MegaMillions wins hands down as the best value per dollar. But MegaMillions will probably soon change also, so it probably will not matter anyway. Jimmy | | |
Salt Lake City, UT United States Member #70366 January 18, 2009 589 Posts Online | | Posted: December 22, 2011, 12:19 am - IP Logged | |
Also since Powerball/PowerPlay is using a fixed multiplier I assume they are no longer drawing the multiplier with each draw. Does that mean they got rid of the 10x multiplier promotion?. I always played more during the 10x promotion when they had it. Jimmy | | |
Mcminnville, Oregon United States Member #3070 December 13, 2003 1900 Posts Offline | | Posted: December 22, 2011, 4:02 pm - IP Logged | |
Also since Powerball/PowerPlay is using a fixed multiplier I assume they are no longer drawing the multiplier with each draw. Does that mean they got rid of the 10x multiplier promotion?. I always played more during the 10x promotion when they had it. Jimmy I am thinking that they will get rid of that 10x promotion because they expect record runs next year in powerball.-weshar75 | | |
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