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Lottery mega-jackpots generating less 'buzz'

Topic closed. 30 replies. Last post 10 years ago by MissNYC.

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justxploring's avatar - villiarna
Wandering Aimlessly
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Posted: January 28, 2007, 7:01 am - IP Logged

At first I was going to agree that people give up and are sick of losing.  It makes sense, since the odds are so high. That was actually my first thought about many players and might be valid, but not for a large percentage of people. People who play mega jackpot games obviously know there's a slim chance they'll win, but it only takes 1 ticket.  I'm also sick of losing for the past 30 years, but that doesn't stop me from buying tickets for Lotto twice a week.  Of course, I admit I am totally addicted to my 4 cards.  I just "know" one of them will hit after I stop.  I do agree with RJOh's comment about the many choices we have now. That certainly could something to do with lower sales if people don't have to go out of their way to play a game with a large jackpot. Maybe people are also simply getting bored. 

Do you think the economy has something to do with it?  Around here it's high season and the stores aren't as crowded and people aren't spending nearly as much as in past years.  Home sales are way down around here (45% in Dec according to the paper) so that really hurts many businesses that target new homeowners like furniture and applicances. I know this is a thread about multi-state games, but it would be the same everywhere.  Sure it's only a few bucks, but it has to come from somewhere. The FL Raffle was a big success, but the reason I mention this is because it is now the busy season here and the lottery has rolled a few times from $3M to $6M to $9M to $14 and now it's $19M.  Not very big rollovers. Usually during the winter months it increases a lot faster.  FL is a parimutel state so jackpots are based on ticket sales, or maybe they are suddenly becoming conservative in their estimates.  

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    Coastal Georgia
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    Posted: January 28, 2007, 9:22 am - IP Logged

    In the race to the top (jackpot) both MM and PB ground up the matrix way too high and now seem to be paying for having done so.  Good, now maybe they'll learn a lesson.  Call it greed, competition, good business or bad advice from pencil necked number crunchers who don't live in the real world ..... however, this is one aspect of their shortsightedness I've complained about before. 

    There comes a time when dangling the carrot while spurring the horse doesn't work anymore.  Since they're seeing a decline in sales, perhaps scaling back the matrix where more people will realize they have a better chance to win, therefore spend more money on tickets just might be what stimulates sales again.  Go back to what worked and brought money in originally. 

    If a matrix makes sense and I believe I can win with those odds, I will spend more $$$ per draw.  Mega Millions is lucky to see $2 per drawing from me with the current matrix .... if that much.  Some drawings I simply don't play, period.

    I Agree! One million ( pardon the pun ) percent, Konane...

    They have got to adjust the matrix .

    DD

     

                                   

                  

     

     

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      Coastal Georgia
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      Posted: January 28, 2007, 9:24 am - IP Logged

      I agree with many of the points you made, Michael.  If PB or MM came to FL and I bought a ticket, I doubt if I'd care if the jackpot was $25M or $250M.  Who wouldn't be happy winning $20 million?  I think it's crazy that people think they have a better shot at the prize when the amount is higher.  I know that isn't the only reason people wait to play, but I cannot possibly imagine that there is a gambler in the world who would be upset winning even a "small" jackpot like $15M. 

      I Agree!

      Everyone wants a "large" jackpot, but a $15MM win is fine with me too.
      I notice that the Powerball was hit last night for $15 MM.
      I'm sure the winner is not complaining..

      DD

       

                                     

                    

       

       

        Badger's avatar - adu50016 NorthAmericanBadger.jpg
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        Posted: January 28, 2007, 11:36 am - IP Logged

        The fact that there is less excitement and sales in these lotteries are fine with me.  It means my chances are higher.

        It really doesn't change your chances. You aren't really playing against the other players, you are playing against the odds of winning. In Powerball, it's still something like 142 million to one that you will have a winning jackpot ticket.  While its paramutuel, and sometimes there is more than one winner, that doesn't happen as often, and still doesn't change the odds of having a winning jackpot ticket.

        ============

        How can you tell if a politician is lying?

        Answer: His lips are moving.

          Badger's avatar - adu50016 NorthAmericanBadger.jpg
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          Posted: January 28, 2007, 11:45 am - IP Logged

          I Agree!

          Everyone wants a "large" jackpot, but a $15MM win is fine with me too.
          I notice that the Powerball was hit last night for $15 MM.
          I'm sure the winner is not complaining..

          DD

          Exactly. The minimum is, I think, still 10 million. If anyone here wins 10 million and whines that it isn't enough to do anything with, they should consider that most people won't make that much in their entire working lifetime !

          Quoting from the article "

          "No one is experiencing those [long] lines anymore," Gerald S. Aubin, the head of the Rhode Island Lottery, said yesterday. "I don't think it's a shortage of money. They're just not as excited about a $240 million jackpot as they were 10 years ago."

          This surprises this guy? When you listen to the media, and you hear the numbers of dollars being thrown around by the govt when it spends, and how companies are buying other companies for billions of dollars, then 200 million doesn't sound like so much anymore. Especially when you know the govt takes half of it back before you see a cent. ANd especially when people keep playing and don't even get any decent lower-tier prizes. People start realizing they are feeding the lottery and getting nothing back. A lottery game needs to have the bettor win something decent for their efforts on a semi-regular basis. The jackpot wins are just pure luck, but when you get a crummy 3 bucks for hitting the bonus ball only, or like our 6/49 game, you get 2 bucks for hitting 3 of 6, that gets old after awhile. If you could get 10 bucks for 3 of 6, that would at least make you feel like its worth it to continue playing.

          ============

          How can you tell if a politician is lying?

          Answer: His lips are moving.

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            Maine
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            Posted: January 28, 2007, 11:57 am - IP Logged

            I agree too. People may be interested in big jackpots but the truth is that they hate playing a losing game and it is starting to finally show. When winning the jackpot is $50 million, winning 4 out of 5 pays $150 and 3 out of 5 pays $7 you have to be an idiot to play. And every time they modify any lottery they somehow make it harder to boot. I a used to buy a few MM tickets every draw but got completely discouraged and only buy 1 QP per draw. When you buy $5 or 5 lines of 6 #s and you don't even get 1 # wnat fun is that? I consistently get no numbers on my 2 QPs that I buy each week. It really is bad. When I started playing lottery 30 years ago it was always fun to see a number or three and win a couple of bucks and it kept my interest. People have better things to do with their money than pay to get ripped off.

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              Coastal Georgia
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              Posted: January 28, 2007, 12:17 pm - IP Logged

              Exactly. The minimum is, I think, still 10 million. If anyone here wins 10 million and whines that it isn't enough to do anything with, they should consider that most people won't make that much in their entire working lifetime !

              Quoting from the article "

              "No one is experiencing those [long] lines anymore," Gerald S. Aubin, the head of the Rhode Island Lottery, said yesterday. "I don't think it's a shortage of money. They're just not as excited about a $240 million jackpot as they were 10 years ago."

              This surprises this guy? When you listen to the media, and you hear the numbers of dollars being thrown around by the govt when it spends, and how companies are buying other companies for billions of dollars, then 200 million doesn't sound like so much anymore. Especially when you know the govt takes half of it back before you see a cent. ANd especially when people keep playing and don't even get any decent lower-tier prizes. People start realizing they are feeding the lottery and getting nothing back. A lottery game needs to have the bettor win something decent for their efforts on a semi-regular basis. The jackpot wins are just pure luck, but when you get a crummy 3 bucks for hitting the bonus ball only, or like our 6/49 game, you get 2 bucks for hitting 3 of 6, that gets old after awhile. If you could get 10 bucks for 3 of 6, that would at least make you feel like its worth it to continue playing.

              Yep.Thumbs Up

              That pretty much sums( another intended pun ) it up.

               

                                             

                            

               

               

                Coin Toss's avatar - shape barbed.jpg
                Zeta Reticuli Star System
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                Posted: January 28, 2007, 2:05 pm - IP Logged

                I would really like to see a multi-state game where the top jackpot maybe has a ceiling and when it is reached more money goes into the lower prizes, or a game where the winner base is "wider", not potentially one person winning an obscene amount.

                Mega Millioins has foxed lower prizes, Powerball has made an attempt with the multiplier, but it's still the player paying more for that, so in essence, another lottery within itself.  

                As Badger pointed out, most people won't make $10 million in their lifetime, so who really needs hundreds of millions? 

                For those who would still chase rainbows offered from games that are hit 12 to 15 times a year out of 104 draws, let them.  

                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.

                  RJOh's avatar - chipmunk
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                  Posted: January 28, 2007, 2:41 pm - IP Logged

                  Coin Toss,
                  Years ago when OhioSuper Lotto was generating jackpots of $40-$75M and people from surrounding states would cross the boarder to play, some one decided to limit each winning ticket to $20M and many people stopped playing and the game never recovered.  PowerBall have a similar rule when its jackpot reaches a record amount but that is so high that it's unlikely to happen more than a few times during a lifetime.  As you pointed out, most people will not make $10M in their lifetime but both multi-state games sell more tickets when their jackpots are more than $20M.

                   * you don't need to buy more tickets, just buy a winning ticket * 
                     
                               Evil Looking       

                    Coin Toss's avatar - shape barbed.jpg
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                    Posted: January 28, 2007, 5:39 pm - IP Logged

                    RJOH

                    Oh yeah, I know - greed isn't just on the player side of things. I'm just saying if there was a situation where people had a choice of playing a lotto that is going to produce 1 $100,000,000 winner or another lotto that is going to produce 10 $10,000,000 winners, I'm playing the one with a smaller jackpot but more jackpots paid out.

                    Unfortunately, such a game doesn't exist (in the U.S. anyway).

                    Might be a good marketing test though, put a ceiling on a jackpot but let what comes in after that "spill" into second and third place, make it "easier" to hit,  and have more big winners, just not as big.

                    Lotteries are the only game that really produce millionaires (although "instant" ones) and it's kind of a shame that even at that they produce so few because so many people want to be not only a millionaire but a "hundred-millionsaire".

                    Tp paraphrase another saying, I guess "the people get the lotto (government) they deserve".

                    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.

                      justxploring's avatar - villiarna
                      Wandering Aimlessly
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                      Posted: January 28, 2007, 8:45 pm - IP Logged

                      I know this isn't about the Lottery, but when such a comment as what was above stated is made, I think of that show Deal or No Deal.  Ordinary people who average $30K a year in income will turn down a sure $200K just for a shot at a million bucks.  It's insane.  I can't imagine being offered over $100K and saying "No Deal" and walking away with $25 bucks because you made a bad choice.  Tells you something about the world we live in however.

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                        Greenwich, CT
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                        Posted: January 29, 2007, 9:20 am - IP Logged

                        A couple of thoughts....

                        1.  MM and PB should not merge.  When someone wins a jackpot, there's a good chance the other game's jackpot will be at a high level.  I like to play for the higher cash value, since the difference in odds between the two games is negligible.

                        2.  These two lotteries need to keep the public interested by dangling a better carrot.  Perhaps a $1 prize for matching 2/5.  Add a few extra numbers if necessary.  Something to keep the public winning every 4th or 5th ticket and coming back to buy more.

                          Coin Toss's avatar - shape barbed.jpg
                          Zeta Reticuli Star System
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                          Posted: January 29, 2007, 10:30 am - IP Logged

                          JAG331

                          Adding a $1 payout for 2 out of 5 is hardly "dangling a better carrot".

                          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.

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                            Greenwich, CT
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                            Posted: January 29, 2007, 10:37 am - IP Logged

                            I didn't say it was a fresh carrot!  :0)

                            Just better in the sense that when you reward people with a small prize every couple of games, they will keep coming back, e.g. scratchers and slots.

                            It's possible to go dozens of tickets in PB and MM without winning a dime.

                              MissNYC's avatar - diva
                              Westchester, New York
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                              Posted: January 29, 2007, 11:19 am - IP Logged

                              I Agree!

                              Everyone wants a "large" jackpot, but a $15MM win is fine with me too.
                              I notice that the Powerball was hit last night for $15 MM.
                              I'm sure the winner is not complaining..

                              DD

                              I'm sure the winner is not complaining, but I also bet part of him wishes it had rolled from the previous drawing, which would have made it close to 300 million. I believe for 15 mil, one could play another lottery game. I play powerball or megamillions for their "mega jackpots," however, the jackpots never seem to grow as large as they used to a year or two ago. What are the odds someone wins two weeks in a row? I think they need to add another number or two to get the game exciting again.