Welcome Guest
Log In | Register )
You last visited May 17, 2022, 7:00 pm
All times shown are
Eastern Time (GMT-5:00)

Powerball multi-state lottery to raise prices, jackpots

Topic closed. 191 replies. Last post 10 years ago by rdgrnr.

Page 2 of 13
PrintE-mailLink
Avatar
Orlando, FL
United States
Member #115780
August 28, 2011
259 Posts
Offline

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
    50
    Pennsylvania
    United States
    Member #74094
    May 2, 2009
    24135 Posts
    Offline

    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 #66139
      October 16, 2008
      1998 Posts
      Offline

      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 #116096
        September 4, 2011
        4034 Posts
        Offline

        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 #93160
          June 23, 2010
          3141 Posts
          Offline

          Good luck to the people participating in this game.

            Boney526's avatar - NjlpLogo
            New Jersey
            United States
            Member #99028
            October 18, 2010
            1439 Posts
            Offline

            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 #115780
              August 28, 2011
              259 Posts
              Offline

              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
                100
                mid-Ohio
                United States
                Member #9
                March 24, 2001
                20272 Posts
                Offline

                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 every combination, just the winning ones * 

                Thumbs Up       

                  Avatar

                  United States
                  Member #21
                  December 7, 2001
                  4530 Posts
                  Offline

                  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

                  .

                    lakerben's avatar - 4eyes
                    100
                    New Mexico
                    United States
                    Member #86096
                    January 29, 2010
                    20861 Posts
                    Offline

                    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 #99028
                      October 18, 2010
                      1439 Posts
                      Offline

                      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 #113038
                        July 1, 2011
                        27 Posts
                        Offline

                        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.

                          Avatar

                          United States
                          Member #21
                          December 7, 2001
                          4530 Posts
                          Offline

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

                          Answer: NO!

                          .

                            Avatar
                            New York
                            United States
                            Member #111799
                            June 2, 2011
                            33 Posts
                            Offline

                            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 #68661
                              December 27, 2008
                              260 Posts
                              Offline

                              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