|Posted: December 10, 2008, 12:58 pm - IP Logged|
Looking at the past year I'm a bit surprised they bumped it that high. The $30 million increase last May had actual ticket sales of just over 59 million. With the higher cash value, this increase of 37 million would be equivalent to an increase of almost 42 million last May, and will require sales of about 78 million tickets. That's 32% more than sales for similar annuity jackpots last May. Last February an advertised jackpot of 220 million had sales of 77 million tickets. The cash value of that jackpot was roughly $10 million less than the current cash value, but I doubt the typical player has a clue about that. Whether it's the cheap gas, the economy, Christmas (probably a bit of all 3), or something else, MM sales aren't hurting.