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Lotteries long for 'jackpot fever'

Topic closed. 63 replies. Last post 10 years ago by tony95.

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Georgia
United States
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January 29, 2007
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Posted: February 13, 2007, 8:11 pm - IP Logged

In GA the jackpot got big for Mega Millions, over 200 millions. I wouldn't think twice about complaining about 5 million, but maybe I'm old school there. The thing to remember about Holywood is that the Paris Hiltons of the world have no concept of money because it was always handed to them.

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    Georgia
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    January 29, 2007
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    Posted: February 13, 2007, 8:12 pm - IP Logged

    What I meant to say is I wouldn't think about complaining.

      MissNYC's avatar - diva
      Westchester, New York
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      January 27, 2007
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      Posted: February 13, 2007, 8:17 pm - IP Logged

      Don't get me wrong, I'd be happy winning 10k, all I'm saying is that for the Mega millions or Powerball to entice me over a local lottery, it would have to be a big one, and the bigger the better, sometimes it's just fun to dream big. What was big 5 years ago doesn't seem to get the same attention, so I think they should go a bit bigger if they want that same attention they've had in the past.

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        United States
        Member #1826
        July 11, 2003
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        Posted: February 13, 2007, 10:56 pm - IP Logged

        There are things a lottery can do to overcome so-called "jackpot fatigue", some are pretty, some aren't. The first remedy is simple patience. Unfortunately, most states have seemed to put all their eggs into one basket, that being either PB or MM, so waiting may not be much of an option when most of your ad budget is going to a "lost cause". There are lot's of things these games can do to get people back, such as add more prizes, increase lower tier prizes, raise the price and lower the odds (both have to be done in order for it to work). Other than raising the prices, however, none of this will happen. Lottery directors have a tendency to think low of their players, they think players will buy anything no matter how bad it is.

        (insert signature here)

          konane's avatar - wallace
          Atlanta, GA
          United States
          Member #1265
          March 13, 2003
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          Posted: February 13, 2007, 11:30 pm - IP Logged

          They've made the matrix too high, odds too long where you spend, spend, spend and get no return.

          Mega Millions and Powerball both are no fun any longer due to this.  Have covered it ad nauseam in my previous posts.

          Do a visual of someone sitting on a donkey, spurs buried in its ribs dangling a carrot on a stick, whomping its rear with another stick.  That's exactly how MM and PB are treating players and the only winners have been them to this point.

          Now they're feeling self inflicted pain.  Good it's about time!!  Hope they continue to feel it deeply in thier pockets, suffering results of their own greed .... by discounting intelligence of players and their willingness to toss money down a rat hole.

          Bring the matrix down .... make playing the games FUN again and players might $$$pend more. 

          Good luck to everyone!

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            NY
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            October 16, 2005
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            Posted: February 14, 2007, 2:35 am - IP Logged

            "If the jackpots don't get quite as high it's because MORE STATES ARE PLAYING and PEOPLE ARE WINNING JACKPOTS MORE OFTEN."

            That isn't how it works.  How often the jackpots are won is and always will be a function of the odds, but probability is only a trend and there will be variations on both sides of the norm. The more people play the more money goes into the prize pool and the higher the jackpots get.  More people playing means more winners, but it also means more money for prizes at the same time, and the jackpots grow faster when more people play.

            The article says that sales are down, but it also says that the previous year had record sales as a result of unusually large jackpots. Some people would look at the record year and see a glass that's more than half full, but it looks like now that sales have dropped back to what is probably typical they're crying that their very big glass is half empty.

            It also looks to me like the numbers in the article are wrong. The annuity jackpots offered from June 2005 through June 2006 totaled about $1.5 billion.  Figuring that the cash was about 60% of the annuity value there would have been about $900 million in the jackpot pool. With 30% of sales going to the jackpot that means they would have sold $3 billion dollars worth of tickets, or twice what the article lists as the record sales.

            By comparison  the total annuity jackpots offered for the previous year totaled just over $1 billion. Interest rates were lower, so the total cash may have been  about 65% or about 680 million. That would be a bit shy of $2.3 billion in sales.

            If those numbers are close to accurate the record year saw sales that were about 30% higher than the previous year. That would make current sales that are down by 30%  fairly close to  the sales for the year before the record sales.

            Do people really have "jackpot fatigue"?  Maybe, but the sky isn't falling. At least not yet.

              LOTTOMIKE's avatar - cash money.jpg
              Tennessee
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              October 15, 2004
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              Posted: February 14, 2007, 7:25 am - IP Logged

              They've made the matrix too high, odds too long where you spend, spend, spend and get no return.

              Mega Millions and Powerball both are no fun any longer due to this.  Have covered it ad nauseam in my previous posts.

              Do a visual of someone sitting on a donkey, spurs buried in its ribs dangling a carrot on a stick, whomping its rear with another stick.  That's exactly how MM and PB are treating players and the only winners have been them to this point.

              Now they're feeling self inflicted pain.  Good it's about time!!  Hope they continue to feel it deeply in thier pockets, suffering results of their own greed .... by discounting intelligence of players and their willingness to toss money down a rat hole.

              Bring the matrix down .... make playing the games FUN again and players might $$$pend more. 

              i agree.it quit being fun for me when the matrix changed.i mainly have fun with pick 5 now.i'll take 200,000 dollars just as soon as i would 200 million dollars.

                Todd's avatar - Cylon 2.gif
                Chief Bottle Washer
                New Jersey
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                May 31, 2000
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                Posted: February 14, 2007, 9:01 am - IP Logged

                They've made the matrix too high, odds too long where you spend, spend, spend and get no return.

                Mega Millions and Powerball both are no fun any longer due to this.  Have covered it ad nauseam in my previous posts.

                Do a visual of someone sitting on a donkey, spurs buried in its ribs dangling a carrot on a stick, whomping its rear with another stick.  That's exactly how MM and PB are treating players and the only winners have been them to this point.

                Now they're feeling self inflicted pain.  Good it's about time!!  Hope they continue to feel it deeply in thier pockets, suffering results of their own greed .... by discounting intelligence of players and their willingness to toss money down a rat hole.

                Bring the matrix down .... make playing the games FUN again and players might $$$pend more. 

                This is absolutely correct!

                The issue is NOT that the jackpots are too low.

                The problem is that the odds are so high that many people rationalize that they are not going to win.

                The "magic level" where people start coming out in droves to buy tickets is a perception level that kicks in when the jackpot is so high that it overcomes their rational thoughts about not being able to win.

                That's all it is.  It is NOT that people think $100 million is a small amount.  No way!  It's that they have such a strong belief that they will not win that it seems pointless -- even wasteful -- to plunk down a dollar (or $5 or $10).  Buying a pack of gum with that dollar would bring more joy.

                What if they created an anti-mutli-state game?  One that focused on generating as many millionaires as possible (given the constraints of the prize payout percentages, etc.).  If they generated 20 or 30 millionaires every drawing (I'm talking $1 million in cash, not some "cash value" that chops it down to $200,000 after taxes), does anyone think people wouldn't play because $1 million isn't enough?

                 

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

                 

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

                  CCHS13's avatar - chi jpeg.jpg
                  Illinois
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                  September 23, 2006
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                  Posted: February 14, 2007, 9:21 am - IP Logged

                  You guys are right on the money and that is evident with the interest that people

                  have with the raffle drawings as of late.  I mean these tickets are $20 most of the time

                  and people have no problem buying 1 or more of those.  They do think the players

                  are ignorant to the odds and just see the money, but we are not.  Most of us anyway

                  Men Lie Women Lie Numbers Dont

                    konane's avatar - wallace
                    Atlanta, GA
                    United States
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                    March 13, 2003
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                    Posted: February 14, 2007, 9:39 am - IP Logged

                    This is absolutely correct!

                    The issue is NOT that the jackpots are too low.

                    The problem is that the odds are so high that many people rationalize that they are not going to win.

                    The "magic level" where people start coming out in droves to buy tickets is a perception level that kicks in when the jackpot is so high that it overcomes their rational thoughts about not being able to win.

                    That's all it is.  It is NOT that people think $100 million is a small amount.  No way!  It's that they have such a strong belief that they will not win that it seems pointless -- even wasteful -- to plunk down a dollar (or $5 or $10).  Buying a pack of gum with that dollar would bring more joy.

                    What if they created an anti-mutli-state game?  One that focused on generating as many millionaires as possible (given the constraints of the prize payout percentages, etc.).  If they generated 20 or 30 millionaires every drawing (I'm talking $1 million in cash, not some "cash value" that chops it down to $200,000 after taxes), does anyone think people wouldn't play because $1 million isn't enough?

                    If they would toss out the pencil necked number crunchers who sold them an "80's all for me none for you" mindset with current matrices and have a whole new campaign bringing back classic Powerball and Big Game ~ NOT Mega Millions ~ then my bet is people would get off their wallets.

                    Texas rolled back their regular lotto matrix but didn't roll it back to original so are still suffering their folly.

                    A prime example of ruining a perfectly good game was our previous greedy lottery director ending Lotto Georgia 6-46 in favor of the now defunct Lotto South 6-49.  Odds up, people quit playing, end of story.

                    They just don't seem to get it, must be they're living in too much smog downtown to realize what players want and keep showing with their wallets.  Or maybe it's too many 'perks' from companies selling lame concepts so they can provide supplies for games. Ponder

                    Lowering the matrix back to original is a win/win for everyone .... it's a slam dunk, it's a winner in the biggest way.

                    As Todd eloquently put people have to BELIEVE they can win in order to spend money on fun/joy of trying to achieve their dream.

                    Good luck to everyone!

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                      Knoxville
                      United States
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                      April 7, 2005
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                      Posted: February 14, 2007, 10:50 am - IP Logged

                      It sounds like we are getting a pretty good consensus here on the odds being too long.  I was very frustrated when I posted a protest thread here before PB raised the odds and some people insisted raising the odds would be good for the game.  Apparently, I have been completely vindicated.  The odds went up and sales went down. 

                      I keep a spreadsheet of what I would do with the money if I won and when the jackpot starts to get over $100 million I already have every dream fulfilled.  When it gets over $200 million, I almost stop caring because there are only so many yachts, houses and cars I can make reasonable use of.  I know some players want to buy a country or start an airline, but the vast majority don't need or even want all of that.  I just want an option to play lower odds and have a little better chance of winning.  Give us two games, a 50million:1 and a 100million:1, I will play whichever suites me at the moment.

                      Lastly, I wanted to comment on the guy who listed "more states entering the PB or MM" is a reason the pots get hit at the low end.  I have said it in the past that the number of players has nothing to do with the average winning pot size, it is the odds that determine this.  I almost think that this misconception is put out by the lottery association to justify the raising the odds, if not, then I am not sure why people would not know this.

                        csfb's avatar - Lottery-001.jpg

                        United States
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                        May 13, 2005
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                        Posted: February 14, 2007, 10:52 am - IP Logged

                        Agreed, the lotteries have brought this on themselves by ever increasing the odds.  Once upon a time 80million to 1 was the Powerball odds, now we are expected to buy in to 145million to 1 odds.  People just aren't as dumb as they would like.  My suggestion is to drop the odds on the regular powerball to 100million to 1 and add a Mini-Powerball game with something like 30million to 1 odds.  This way players can choose from a long shot to a very long shot depending on their personality.  Right now I only have the option to play 145million to 1 Powerball or my state lottery's 500,000 to 1 Pick 5 which leaves me out in the cold as far as having an option that suites my personal preferrence. 

                         

                        We don't have a Mega Millions but I couldn't imagine buying a ticket with 175million to 1 odds and having an ounce of faith that I could get anything out of it.  Before Powerball went to 145m:1 odds I would start buying at $50 million dollar pots, now I wait for $100 million and I am definitely buying less tickets, mainly because I believe I am throwing my money away at these odds and I need an exponentially greater incentive to play the jacked-up version. 

                        I agree!

                                 Sun Smiley             

                          csfb's avatar - Lottery-001.jpg

                          United States
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                          Posted: February 14, 2007, 10:53 am - IP Logged

                          They've made the matrix too high, odds too long where you spend, spend, spend and get no return.

                          Mega Millions and Powerball both are no fun any longer due to this.  Have covered it ad nauseam in my previous posts.

                          Do a visual of someone sitting on a donkey, spurs buried in its ribs dangling a carrot on a stick, whomping its rear with another stick.  That's exactly how MM and PB are treating players and the only winners have been them to this point.

                          Now they're feeling self inflicted pain.  Good it's about time!!  Hope they continue to feel it deeply in thier pockets, suffering results of their own greed .... by discounting intelligence of players and their willingness to toss money down a rat hole.

                          Bring the matrix down .... make playing the games FUN again and players might $$$pend more. 

                          I agree!

                                   Sun Smiley             

                            csfb's avatar - Lottery-001.jpg

                            United States
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                            May 13, 2005
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                            Posted: February 14, 2007, 10:55 am - IP Logged

                            This is absolutely correct!

                            The issue is NOT that the jackpots are too low.

                            The problem is that the odds are so high that many people rationalize that they are not going to win.

                            The "magic level" where people start coming out in droves to buy tickets is a perception level that kicks in when the jackpot is so high that it overcomes their rational thoughts about not being able to win.

                            That's all it is.  It is NOT that people think $100 million is a small amount.  No way!  It's that they have such a strong belief that they will not win that it seems pointless -- even wasteful -- to plunk down a dollar (or $5 or $10).  Buying a pack of gum with that dollar would bring more joy.

                            What if they created an anti-mutli-state game?  One that focused on generating as many millionaires as possible (given the constraints of the prize payout percentages, etc.).  If they generated 20 or 30 millionaires every drawing (I'm talking $1 million in cash, not some "cash value" that chops it down to $200,000 after taxes), does anyone think people wouldn't play because $1 million isn't enough?

                            I agree!

                                     Sun Smiley             

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                              Greenwich, CT
                              United States
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                              May 24, 2004
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                              Posted: February 14, 2007, 12:17 pm - IP Logged

                              I think that people will become desensitized to any jackpot amount, over time.  The odds are just about right for a multistate game.  Let people play state games if they want an easier target.

                              I do agree that it's too tough to win a prize.  I say, reconstruct the matrix with fewer bonus balls.  Increase lower tier payouts a bit.  Maybe a 5/69 + 1/15?  Or 5/55 + 2/10.  They have 168m and 156m combinations, respectively.

                              Give out $1, $2, $3, prizes for matching a bonus ball or two.  If people won on every 10 or 15 lines, they would come back, and feel that they were so close!  That will drive interest, fun and sales.