Welcome Guest
Log In | Register )
You last visited January 21, 2017, 4:32 pm
All times shown are
Eastern Time (GMT-5:00)

Powerball multi-state lottery to raise prices, jackpots

Topic closed. 191 replies. Last post 5 years ago by rdgrnr.

Page 2 of 13
4.26
PrintE-mailLink
Avatar
Orlando, FL
United States
Member #115785
August 28, 2011
259 Posts
Offline
Posted: January 3, 2012, 12:17 pm - IP Logged

Actually, the prize would have to go to $10 Billion before I even think about spending $2.00 on a ticket.

Let the phony cronies play and win amongst themselves; their slowly becoming the only ones that can play anyway.

I currently play Powerball and FL Lotto. I'm thinking if I give up FL Lotto and even if I win PB's second prize, I will be happy anyways. And my total yearly expenditure remains the same.

    dr65's avatar - black panther.jpg
    Pennsylvania
    United States
    Member #74096
    May 2, 2009
    23238 Posts
    Offline
    Posted: January 3, 2012, 12:20 pm - IP Logged

    People can cry all they want about the powerball price but wait till the jackpot gets to $500,000,000 and then you see the real lotto fever people will be lining up from all over the world and this big jackpots can now occour more frequeintly meaning i could win half a billion dollars every month .Oh well i am looking at a private island in bahamas already i dont need any noisy neighbor arround my $10,000,0000 mansion only lots of beautiful women geting natural sun tan lol .

    Oh, it's going to be $500,000,000 a MONTH now, is it?  Well, then! Count me.....OUT. $40 million or $1 billion, first you have to hold the winning ticket.

      dpoly1's avatar - driver
      PA
      United States
      Member #66141
      October 16, 2008
      1679 Posts
      Offline
      Posted: January 3, 2012, 12:21 pm - IP Logged

      I will most likely only play 1 pick without powerplay. It would be nice to see a $500,000,000 jackpot!

        LottoGuyBC's avatar - Lottery-050.jpg
        British Columbia
        Canada
        Member #116101
        September 4, 2011
        4033 Posts
        Offline
        Posted: January 3, 2012, 12:32 pm - IP Logged

        I will most likely only play 1 pick without powerplay. It would be nice to see a $500,000,000 jackpot!

        $500,000,000.00 Jackpot...that would be pretty sick

        $1,000,000,000.00 Jackpot...gonna have to Hiding Behind Computer

        "You have to be in it to win it!"

          ressuccess's avatar - Lottery-043.jpg

          United States
          Member #93164
          June 23, 2010
          1424 Posts
          Offline
          Posted: January 3, 2012, 12:33 pm - IP Logged

          Good luck to the people participating in this game.

            Boney526's avatar - NjlpLogo
            New Jersey
            United States
            Member #99032
            October 18, 2010
            1439 Posts
            Offline
            Posted: January 3, 2012, 12:39 pm - IP Logged

            I was waiting to see the prize table and Power Play prize table before I said anything, but this is aweful.  They didn't even raise any prizes except 3 dollars to 4 dollars (that should excite nobody, since a Powerplayed Powerball ticket always won more than that) and they made the Second prize always a million, which it was with power play, which costed 2 dollars anyway.

            This is, actually, overall, a worse prize table, with a higher priced ticket.  That's so ridiculous, it's ridiculous.

              Avatar
              Orlando, FL
              United States
              Member #115785
              August 28, 2011
              259 Posts
              Offline
              Posted: January 3, 2012, 12:40 pm - IP Logged

              What I find interesting is that it was Mega Millions (with lower odds) and not Powerball that had really big Jackpots to be won in the past

                RJOh's avatar - chipmunk
                mid-Ohio
                United States
                Member #9
                March 24, 2001
                19901 Posts
                Offline
                Posted: January 3, 2012, 12:48 pm - IP Logged

                This move could make local games more attractive.  There are probably plenty of players who would be happy to just spend a $1 for better odds of being a millionaire rather than $2 for worst odds of being a multi-millionaire.

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

                  JADELottery's avatar - YingYangYong 01.PNG
                  The Quantum Master
                  West Concord, MN
                  United States
                  Member #21
                  December 7, 2001
                  3684 Posts
                  Offline
                  Posted: January 3, 2012, 12:50 pm - IP Logged

                  This move could make local games more attractive.  There are probably plenty of players who would be happy to just spend a $1 for better odds of being a millionaire rather than $2 for worst odds of being a multi-millionaire.

                  You read my mind.

                  Thumbs Up

                  Presented 'AS IS' and for Entertainment Purposes Only.
                  Any gain or loss is your responsibility.
                  Use at your own risk.

                  Order is a Subset of Chaos
                  Knowledge is Beyond Belief
                  Wisdom is Not Censored
                  Douglas Paul Smallish
                  Jehocifer

                    lakerben's avatar - Lottery-061.jpg
                    New Mexico
                    United States
                    Member #86099
                    January 29, 2010
                    11166 Posts
                    Offline
                    Posted: January 3, 2012, 1:04 pm - IP Logged

                    Five numbers with powerplay used to be 1 million now its two million! Sounds good to me!

                     

                    I'm going to win this year!

                     

                    Party

                      Boney526's avatar - NjlpLogo
                      New Jersey
                      United States
                      Member #99032
                      October 18, 2010
                      1439 Posts
                      Offline
                      Posted: January 3, 2012, 1:05 pm - IP Logged

                      I did a short analysis of pay tables for both games, the old and new, with and without powerplay.

                       

                      Based on the first draw (New Jackpot), the Original returns 23.394% of money played (on average).  With PowerPlay, for 2 dollars, it returns 31.0547%.  The new tickets return 29.3944%, with Powerplay for 3 dollars returns 36.1926%.

                       

                      I said it before, that it'd only be better if these return tables were significantly better.  They are slightly, but not significantly better, and with an increase in cost, they still result in a bigger Expected loss per ticket (31.0547% of 2 dollars returned vs. 29.3944% of 2 dollars)

                       

                      I tried posting the excel analysis - but it becomes disorganized on the site.  The conclusion was that these new paytables return a slightly higher percent, but not at the cost you want to play at, and still have a bigger expected loss due to price increases.

                        Avatar
                        Pittsburgh, PA
                        United States
                        Member #113043
                        July 1, 2011
                        22 Posts
                        Offline
                        Posted: January 3, 2012, 2:07 pm - IP Logged

                        Maybe someone should start a petition like the young lady did against Bank of America.  Anyone can boycott Powerball or any ripoff games.  There are no rules saying anyone has to play.  I will not be playing.

                        On another note I have thought of a power up option with the three and four digit numbers.  Would something like this generate any interest?  Multiplying these prizes by up to five times would be a big hit in my opinion.

                          JADELottery's avatar - YingYangYong 01.PNG
                          The Quantum Master
                          West Concord, MN
                          United States
                          Member #21
                          December 7, 2001
                          3684 Posts
                          Offline
                          Posted: January 3, 2012, 2:11 pm - IP Logged

                          Question: Does a bigger jackpot improve your chances of winning?

                          Answer: NO!

                          Presented 'AS IS' and for Entertainment Purposes Only.
                          Any gain or loss is your responsibility.
                          Use at your own risk.

                          Order is a Subset of Chaos
                          Knowledge is Beyond Belief
                          Wisdom is Not Censored
                          Douglas Paul Smallish
                          Jehocifer

                            Avatar
                            New York
                            United States
                            Member #111804
                            June 2, 2011
                            30 Posts
                            Offline
                            Posted: January 3, 2012, 2:22 pm - IP Logged

                            Those games are already rigged, and once the Jackpot is bigger your chances of winning diminish. Once this thing is over 100 millions they star rigging it . Someone will hit the Jackpot on Jan 14 which is a saturday since the new game start on the 18th. LOL lottery is so predictable.


                              Canada
                              Member #68663
                              December 27, 2008
                              260 Posts
                              Offline
                              Posted: January 3, 2012, 2:23 pm - IP Logged

                              The jackpot will increase by at least $10 million every drawing there is no grand prize winner, whereas under the current structure there is no minimum increase.

                              The above statement from the story is incorrect. Under the current structure, the jackpot increases a minimum $5 million per draw.

                              Also, under the current structure, the only way to gain a realistic payout is via group play. The new structure makes it even more difficult to gain a realistic payout as an individual player.

                              Good luck.

                                 
                                Page 2 of 13