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Changes coming to Powerball multi-state lottery game in January

Topic closed. 125 replies. Last post 5 years ago by Raven62.

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New Jersey
United States
Member #21206
September 4, 2005
949 Posts
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Posted: June 28, 2011, 10:08 pm - IP Logged

I play by expectation value, meaning I'm far less likely to play this game.

With it's artificial cap, there is no way that Powerball can ever have an expectation value that's worth very much.

    TheGameGrl's avatar - character catafly.jpg
    A long and winding road
    United States
    Member #17084
    June 10, 2005
    4523 Posts
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    Posted: June 28, 2011, 10:24 pm - IP Logged

    TheGameGrl wrote : "Change is a positive way for things to improve"

    Wow,I've heard liberals scream this insanity ever since the obama campaign and we're even more in debt and our economy still even further in the tank....change is not always positive for things to improve or the effects would be beneficial which they clearly are not whether it be in the powerball or the presidential election.

    I know what is positive though and that is the lack of change in my pocket since the last election....

    Crow,. Stay on topic, this is not a political arena. Its about the Powerball and its changes.

    ~~Is it true, Is it kind,Is it necessary. ~~~

     Thanks be to the giving numbers: 1621,912,119 02014

      tkr333's avatar - Lottery-058.jpg

      United States
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      June 13, 2005
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      Posted: June 28, 2011, 10:28 pm - IP Logged

      Ha!  No problem being outed (again).  The research method requires a full and clear presentation of the changes and a discussion of other options in the market and many more details about how the game will play - how the jackpots will build, the average jackpots offered and won, etc.  It also includes purchase modeling to try to judge how players will respond with their dollars, no matter what they say.  I can only ask that players give it a chance.  See how the game plays.  In the end, I think they will find more of what they expect from Powerball - more of the reason that they play.  One writer sees negative respones here and can't believe that research was positive (at least from a success point of view).  The writers here react to each other and to a news article about the game instead of a full survey.  And, of course it is one thing to complain and quite another to buy a ticket anyway.  The survey results showed a surprising number of player didn't care about $2.  Another bunch didn't like it, but agreed that they would still play.  We are assuming some loss of ticket purchases, but the bottom line for state programs and for money poured back into prizes is still favorable.

      This will be a good move! Not on powerballs part but it will help the state lotteries bring in more revenue,because there are too many working people out there who play that extra dollar hoing to win! I would also say megamill is sitting back hoping you make this change!

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        Urbandale, IA
        United States
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        November 11, 2004
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        Posted: June 28, 2011, 10:37 pm - IP Logged

        I play by expectation value, meaning I'm far less likely to play this game.

        With it's artificial cap, there is no way that Powerball can ever have an expectation value that's worth very much.

        The cap is also gone.

          dr65's avatar - black panther.jpg
          Pennsylvania
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          May 2, 2009
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          Posted: June 28, 2011, 10:56 pm - IP Logged

          I don't care for PB unless the jackpot is way up, then I'll buy some tickets and add the extras.

          So if I play 5 qp's with PP, I'll be paying $15 for them instead of $10? No thanks.


            Canada
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            December 27, 2008
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            Posted: June 28, 2011, 11:02 pm - IP Logged

            I play by expectation value, meaning I'm far less likely to play this game.

            With it's artificial cap, there is no way that Powerball can ever have an expectation value that's worth very much.

            I agree Prob988. The expected value for Powerball is rarely high enough to make it worth playing. With a $2 ticket, it will happen even less often.

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              C. C. Texas
              United States
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              June 18, 2005
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              Posted: June 28, 2011, 11:54 pm - IP Logged

              Since the Power Ball started in texas there have only been 30 people match the first 5 numbers out of 146 draws. and of those 30 people only 7 have played power play.
              There have been NO Power Ball winners in Texas. So this new change will NOT help anyone in Texas.


                joshuacloak's avatar - Money Swim-uncle-scrooge-mcduck-35997717-677-518.jpg

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                Posted: June 29, 2011, 12:40 am - IP Logged

                so if chick32 who we think he is.

                thank god the cap gone , good news , maybe now PB has a shot at beating MM records. even if the odds are lowered

                the  current powerball FAQ , thirty cents of every dollar sold, goes into the jackpot.

                so now with it be 2 bucks, it be 60 cents to jackpot right? ,  with the change of 2 bucks per ticket?

                 

                 if we do have a high 300m or record run, the 2 buck change  would be Good for it"jackpot growth" , as people buy a lot  during lotto fever outbreak.  , and it should go up more then ever before per draw.

                 

                plus i know the lottery love to show off 1 million winner headline on their websites. so  its really just marketing big plus their for them. having ever 5-0 winner now marketable to rest of us as 1m winners.

                i just have a feeling when mm offering 100m to 200m range jackpots it does do near every year. with a record ever 4-5 years, , pb will be seen as a ripoff, even if the lower fixed prices are better then mm

                and i hope 3rd place,4-1 hit,  is more then 40k mm offers if you buy their 2 buck ticket also.

                 

                i also noticed looking at their faq, their been updating it , giving people more info on the change

                 

                The current game is designed for an average jackpot of $141 million. Since the money put to the jackpot pool is nearly doubled, even with lower jackpot odds caused by dropping the red balls from 39 to 35, the math for the new design says the average will be $255 million. The Powerball jackpot should jump quickly – and that is a concern. The guaranted starting jackpot will double to $40 million and will jump twice as fast, by at least $10 million each draw. It may be that the jackpot grows so quickly that players will not have time to notice that the game has hit their “buy” point. So please pay attention.

                 

                will if the new avergage will be above 255m, I will Love this change,  , hope it works pb!

                as i was thinking you would not beat MM out in jackpots

                 

                also We are secretly out to promote the $2 bill., they are comedy gold over at pb website.

                  slick30's avatar - Lottery-012.jpg
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                  oswego, ny
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                  Posted: June 29, 2011, 8:42 am - IP Logged

                  it would nice to win the last 1.00 drawing. you have to feel for the kitchen table people who sit around on a saturday nite with their 5.00-20.00 worth of PB tickets listening to oldies on the radio, drinking <snip>tails or coffee, waiting for the drawing that will now cost them double for the same amount of tickets. somehow i think the enthusiasm will dampen by doubling the price. still don't understand why people want to win that much (100mil or more). you would think that 2-10 million would please 99% of the populace, but no, they want the moon as their prize and won't settle for less.

                  This post has been automatically changed by the Lottery Post computer system to remove inappropriate content and/or spam.

                  for me, it is a matter of how much it costs to play. i go several weeks without playing a game because i just don't have an extra dollar. when i DO have a few extra dollars i would much rather have 5 chances in 175 million than 2 chances.

                  and as far as the size of the jackpot, i would not complain if i won the second prize of 200 or 250 K, but i have been making plans about what i would do with a huge jackpot for about as long as i've been playing. and in order to get all the things i want and give my family all that they would need, i need a jackpot of at least 40mil.

                  that doesn't mean i wouln't be happy with less, it would just be nice to have everything i have ever wanted in my life and never have to worry about how i'm gonna pay the bills. (or lose another house to forclosure).

                  for the jackpots of 100mil and more, that jusy means a whole lot more i can give to charities and/or start a foundation to help those in need.


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                    March 25, 2011
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                    Posted: June 29, 2011, 9:36 am - IP Logged

                    for me, it is a matter of how much it costs to play. i go several weeks without playing a game because i just don't have an extra dollar. when i DO have a few extra dollars i would much rather have 5 chances in 175 million than 2 chances.

                    and as far as the size of the jackpot, i would not complain if i won the second prize of 200 or 250 K, but i have been making plans about what i would do with a huge jackpot for about as long as i've been playing. and in order to get all the things i want and give my family all that they would need, i need a jackpot of at least 40mil.

                    that doesn't mean i wouln't be happy with less, it would just be nice to have everything i have ever wanted in my life and never have to worry about how i'm gonna pay the bills. (or lose another house to forclosure).

                    for the jackpots of 100mil and more, that jusy means a whole lot more i can give to charities and/or start a foundation to help those in need.

                    your delusional. you need a minimum of 40 million. you'd be doing handstands if you won 40K which is about a 300,000-1 chance...there isn't much more than a microscopic difference between 2 chances or 5 chances in 175 million if you understood the law of probability and statistics which i don't, but all this is just a pipe dream anyway..

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                      Chief Bottle Washer
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                      Posted: June 29, 2011, 10:23 am - IP Logged

                      I agree Prob988. The expected value for Powerball is rarely high enough to make it worth playing. With a $2 ticket, it will happen even less often.

                      I'm sure that you don't play often because you are from Canada.  Where they play $2 games, right?  (Or $5 per play for Super 7.)

                       

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

                       

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

                        Todd's avatar - Cylon 2.gif
                        Chief Bottle Washer
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                        Posted: June 29, 2011, 10:27 am - IP Logged

                        The cap is also gone.

                        Good deal.

                        Are you able to comment on the progress of a new national game?  Are the changes to Powerball in lieu of a new national game, or is it still in the works?

                         

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

                         

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


                          Canada
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                          Posted: June 29, 2011, 10:32 am - IP Logged

                          I'm sure that you don't play often because you are from Canada.  Where they play $2 games, right?  (Or $5 per play for Super 7.)

                          I have the opportunity to play every Powerball draw, but I choose not to because of the low expected value. The two main games in Canada are Lotto 649 at $2 per ticket and Lotto Max at $5 per ticket. The ticket costs are more in line with the odds of the game and therefore usually a better expected value. There have been two occasions (rare given how long the game has been around) where a Lotto 649 draw had an expected value of over 100%.

                            Todd's avatar - Cylon 2.gif
                            Chief Bottle Washer
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                            Posted: June 29, 2011, 10:34 am - IP Logged

                            I have the opportunity to play every Powerball draw, but I choose not to because of the low expected value. The two main games in Canada are Lotto 649 at $2 per ticket and Lotto Max at $5 per ticket. The ticket costs are more in line with the odds of the game and therefore usually a better expected value. There have been two occasions (rare given how long the game has been around) where a Lotto 649 draw had an expected value of over 100%.

                            Um...er....OK, I guess.  That's why people are scrambling over the border to play 6/49 and Lotto Max, right?

                            Which games does your online pool site play?

                             

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

                             

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


                              Canada
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                              Posted: June 29, 2011, 11:17 am - IP Logged

                              Um...er....OK, I guess.  That's why people are scrambling over the border to play 6/49 and Lotto Max, right?

                              Which games does your online pool site play?

                              I was not aware the Canadian games are popular with US residents.

                              I will send you a private message to answer your second question. I do not want to discuss the pools I play in on this forum in case it is seen as promotion or advertising as per the forum rules.