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Powerball multi-state lottery to raise prices, jackpots

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

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Urbandale, IA
United States
Member #8624
November 11, 2004
115 Posts
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Posted: January 4, 2012, 1:20 am - 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.

The prize payout is the same, but the change follows the Powerball theory of a bar-bell prize structure; moving most of the money to the top and bottom.  Everyone plays for the jackopt, but there will no be hundreds of millionaires created per year - and many more players will win $4.  Yes, no one cares about winning $4 but there will be lots of them anyway and it can be churned back into the game to get a couple of free tickets, with more chances to win and so on.  No one even plays for $1 million, but no one complains when they win and this prize level at least makes the local press; helping to promote the game.

The prize table is not worse; it is exactly the same prize payout.  Many more $4 prizes costs a lot.  Quadrupling the $200,000 prize to $1 million costs a lot.

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    Urbandale, IA
    United States
    Member #8624
    November 11, 2004
    115 Posts
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    Posted: January 4, 2012, 1:26 am - 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.

    There are no rules that anyone has to play.  All one can do is look at the final product and decide whether it is worth it to play at the new price.  The average jackpot goes from $144 million to $255 million.  The starting jackpot doubles to $40 million and will grow much faster with nearly double the money going to the jackpot pool.  It is easier to match the red powerball number alone (more winners) and the prize is bumped up to $4 (price of two tickets).  Second prize goes from $200,000 to $1 million and there will be a few hundred or more of those a year.  If folks who like to play big jackpot games because they can spend $1, then there will be a game in the product line for that.  If folks want to go for the big jackpot; a $1 million second prize and better overall odds of winning something, then there is now a game for them.

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      Urbandale, IA
      United States
      Member #8624
      November 11, 2004
      115 Posts
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      Posted: January 4, 2012, 1:30 am - IP Logged

      Does anyone know the new rules for this?

      The $25 million limitation has been dropped for the new game.

        Coin Toss's avatar - shape barbed.jpg
        Zeta Reticuli Star System
        United States
        Member #30470
        January 17, 2006
        10344 Posts
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        Posted: January 4, 2012, 2:07 am - IP Logged

        To make thigs more interesting in regards to the Powerball number, the back of the current playslip, 59 /39 says the odds against having just the Powerball are 1: 62.

        Let's see,  1: 62 on a 39 number matrix, 1: 56 on a 35 number matrix.

        Voodoo math, at best.

        Marketing.

        Lep

        Those who run the lotteries love it when players look for consistency in something that's designed not to have any.

        Lep

        There is one and only one 'proven' system, and that is to book the action. No matter the game, let the players pick their own losers.

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          NY
          United States
          Member #23835
          October 16, 2005
          3474 Posts
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          Posted: January 4, 2012, 2:14 am - IP Logged

          The prize payout is the same, but the change follows the Powerball theory of a bar-bell prize structure; moving most of the money to the top and bottom.  Everyone plays for the jackopt, but there will no be hundreds of millionaires created per year - and many more players will win $4.  Yes, no one cares about winning $4 but there will be lots of them anyway and it can be churned back into the game to get a couple of free tickets, with more chances to win and so on.  No one even plays for $1 million, but no one complains when they win and this prize level at least makes the local press; helping to promote the game.

          The prize table is not worse; it is exactly the same prize payout.  Many more $4 prizes costs a lot.  Quadrupling the $200,000 prize to $1 million costs a lot.

          "no one cares about winning $4 but there will be lots of them anyway and it can be churned back into the game to get a couple of free tickets, with more chances to win"

          That's as close to the truth as we've heard from you people, but it's really not true at all. More tickets actually means more, and better, chances to lose. That's exactly what you want, isn't it? Turn the meager winnings right back around and put them in your pockets instead of player's pockets.

          If a private companywas making the claims MUSL is the government would be all over them for false and misleading advertising. Look at the  "improvements" being promoted, then consider the reality:

          1. They claim the odds of winning the jackpot are improving, but right now spending $2 gets you a 1 in 97.6 million chance of winning. The "improved odds"will only give you a 1 in 175 million chance for the same $2.
          2. With the  odds for 3+0 and 4+0 remaining the same a $2 bet now gives you half as much chance of winning the same prize.
          3. The chance of getting only the powerball with a $2 bet goes from 1 in 31 to 1 in 56, making it 80% less likely. In return they'll give you 33% more if you do manage to win.
          4. The chance of hitting an n+1 prize with a $2 bet is about 55% of what it used to be, but the prize doesn't go up even a penny.
          5. The chance of winning anything at all with a $1 bet is now zero.
          6. Powerplay. For the same chance you already had of winning 3 of the prizes and 1.1 times the chance you had of winning 5 of the prizes, paying 3 times as much as you used to will get you...   wait for it...  twice as much money.
          7. The chance to play for bigger jackpots? That's always been there once the jackpot rolls. The only real chance to play for a bigger jackpot will be on the rare occasions that the jackpot  reaches a new record. In 2011 there were 28 chances to spend a single dollar for a chance at winning more than $100 million (annuity value, of course). Putting almost twice as much into the jackpot pool for each ticket may result in almost twice as many chances to play for more than $100 million, but each chance will cost twice as much.

          The smart people will spend their money elsewhere most of the time and only play when the jackpot is unusually big. Of course that's  the real point. The goal here isn't to do anything for  players in general. It's to find out how much they can convince peope to spend by having a few ridiculously large jackpots. If collecting twice as much money from stupid people offsets the losses when smarter people walk the states will at least break even, and I'm sure that's what they're counting on. The frenzy if they can  advertise a (bogus) $500 million jackpot will just be the cing on the cake.

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            NY
            United States
            Member #23835
            October 16, 2005
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            Posted: January 4, 2012, 2:22 am - 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.

            The local games are already more attractive on a regular basis, but it seems that a lot of players aren't smart enough to take advantage of that.

            The chances of winning NY lotto are about 8 times better than the chances of winning MM and 9 times better than powerball. Despite that, MM and PB outsell lotto even on the occasions when the cash value of Lotto is more than the cash value of MM or PB. According to <snip> NY generally has $2.5 million or more in MM sales for advertised jackpots of $12 million.  When NY lotto was advertised at $13.5 million for 12/21 sales were (roughly) a bit shy of $1 million.

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

              sirbrad's avatar - Lottery-062.jpg
              PA
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              Member #22983
              October 6, 2005
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              Posted: January 4, 2012, 2:29 am - IP Logged

              Although higher jackpots would seem more exciting that is too much to lose for a ticket. I got sick of the powerball losses years ago. As I said for years until I see proof that somone actually won I won't believe it. It is always fishy to me how bith PB and MM are won right before they break anymore records. I not 100% conivced they are scams or that they determine who wins, but seeing is believing and I have never seen #%$@ in real life that anyone has ever won. And I don't believe everything I see on the internet or news. The price raise is just another reason not to play it, the game sucks at $1.00 and does not pay back diddily squat. At leat I won the smaller games a few times. Also most of the alleged winners are already rich, so bascially it is the poor making the rich richer.

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                NY
                United States
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                October 16, 2005
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                Posted: January 4, 2012, 2:56 am - IP Logged

                To make thigs more interesting in regards to the Powerball number, the back of the current playslip, 59 /39 says the odds against having just the Powerball are 1: 62.

                Let's see,  1: 62 on a 39 number matrix, 1: 56 on a 35 number matrix.

                Voodoo math, at best.

                Marketing.

                Lep

                As usual, you don't have a clue about odds. Your chances of getting the powerball right are currently 1 in 39, but despite your delusions about PB being two lotteries, everybody who plays a powerball also has to play 5 other numbers on their ticket. Some of those people will have chosen at least one of the five winning numbers that are drawn, which means that even though they have the right powerball it's impossible for them to have only the powerball right. It should be obvious that the odds of getting only the powerball right are therefore less than 1 in 39 even if you can't figure out what the exact odds are.

                The overall odds of winning any PB prize are currently 2 in 70.22. Adding up the chances of winning any of the prizes other than just the powerball shows that the chance of winning one of them is 0.8626 in 70.22. That leaves 1.1374 in 70.22 to win the only other prize available, which is the 0+1 powerball only prize. I know it's not in your skill set, but 1.1374 in 70.22 can be simplified by using 3rd grade math and dividing both sides by 1.1374, which reveals odds of 1 in 67.74. By a strange coincidence, that's exactly what Powerball says the odds of winning the 0+1 prize are.

                  sirbrad's avatar - Lottery-062.jpg
                  PA
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                  Member #22983
                  October 6, 2005
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                  Posted: January 4, 2012, 3:48 am - IP Logged

                  "Powerball lottery organizers are betting that bigger jackpots will entice more people to play"

                  Or A LOT less people will play and the jackpots will stay the same, or take forever to get high and they will go back to $1.00 pretty quickly.

                    sirbrad's avatar - Lottery-062.jpg
                    PA
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                    Posted: January 4, 2012, 3:52 am - IP Logged

                    "Those in charge of the lottery are gambling that people are willing to pay more for the hope of becoming a millionaire in a down economy."

                    Lol!! Who are these stupid idiots in charge? Yeah, people are broke from the poor economy so why not become more broke and spend on money on pipe dreams? Lol!! Those morons never cease to amuse me.

                      TnTicketlosers's avatar - Lottery-065.jpg

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                      February 19, 2009
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                      Posted: January 4, 2012, 8:22 am - IP Logged

                      There are more negative responses than positive on the new Powerball changes.I read them all.It would cost alot to play now with the powerplay,3 dollars for 1 line is alot.We Americans are struggling already,Ive pawned so many things just to eat,and I know there are more like me here on this post.Ive been out of work since June of last year,I finally got one and start Thursday and I know for sure I wont be throwing it away on the Powerball.As a Tennessee resident I  know I wont play.It will be low money flow for a short time and then more will play again as normal....I guess the best thing to do if your gonna play is M E G A   M I L L I O N S it's cheaper.US Flag

                        tiggs95's avatar - Lottery-036.jpg

                        United States
                        Member #47420
                        November 4, 2006
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                        Posted: January 4, 2012, 8:38 am - IP Logged

                        How can anyone say hitting the powerball is easier?...Gonna cost you double and just the same odds..Bigger jackpot but still is hard to hit..No matter how you cut it you'll still need tons of luck...

                                                                                  Pure luck

                          dr65's avatar - black panther.jpg
                          Pennsylvania
                          United States
                          Member #74096
                          May 2, 2009
                          22854 Posts
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                          Posted: January 4, 2012, 9:01 am - IP Logged

                          How can anyone say hitting the powerball is easier?...Gonna cost you double and just the same odds..Bigger jackpot but still is hard to hit..No matter how you cut it you'll still need tons of luck...

                          I Agree!

                          tiggs! Nice to see you back.

                          Happy New Year too!

                          Good luck today!!

                          Big Smile


                            Bahamas
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                            August 5, 2011
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                            Posted: January 4, 2012, 9:02 am - IP Logged

                            There are no rules that anyone has to play.  All one can do is look at the final product and decide whether it is worth it to play at the new price.  The average jackpot goes from $144 million to $255 million.  The starting jackpot doubles to $40 million and will grow much faster with nearly double the money going to the jackpot pool.  It is easier to match the red powerball number alone (more winners) and the prize is bumped up to $4 (price of two tickets).  Second prize goes from $200,000 to $1 million and there will be a few hundred or more of those a year.  If folks who like to play big jackpot games because they can spend $1, then there will be a game in the product line for that.  If folks want to go for the big jackpot; a $1 million second prize and better overall odds of winning something, then there is now a game for them.

                            Chuck32 - I have gotten over the price increase and I do like to idea that there's a chance to win $1mil greedy as I am in wanting to win a LARGE JACKPOT. What I do want you to clarify however is, will the method of drawing remain the same? With machines and no a computerized system?

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                              The Quantum Master
                              West Concord, MN
                              United States
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                              December 7, 2001
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                              Posted: January 4, 2012, 9:38 am - IP Logged

                              When the new game comes, we think they should change the name from Powerball to Powertrip.

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                              Use at your own risk.

                              Order is a Subset of Chaos
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