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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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usa
United States
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April 2, 2010
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Posted: January 4, 2012, 11:50 pm - IP Logged

I played when the jackpot was high..  I don't think at this time that I would spend the money.. I would rather LOSE it to pic 3.. LOLShocked

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    Posted: January 5, 2012, 12:35 am - IP Logged

    I am sure they will rig a win as stated before that, or the jackpot before. But if not I am sure the new rules will just go into effect regardless. They should add $40 million to the pot but I doubt that will happen, the new payouts will just go into effect.

    I'm sure UR cable is RIGGED>>>>>>>>>>>UNLESS UR on WELFARE<<<<<<<<<<<<<<<<<<<<<!!!!!!!!!!!!!!

    HOW MANY of Uuuuuuuuuuu<<<<<<<<<<<sit on UR asset'sssssss<<<<<<<<<<<<<<<<<<<<<<?????????

    & get UR cable TV 4 FREE>>>>>>>>so why should powerball NOT^^^

    raise UR>>>>>>>>>>>>>>>PRICE of a TICKET??????????????????so uuuuuuuuuucan pay FAIR SHARE !!!!!!

    ur a weloff person if u skam D system LoviesLoverJester LaughLovies $$$$$$!

    welcome>>>>>>>>>>>>>>>>>>>>>>>>>>aboardddddddddddddddddddddddddddddddd$$$$$$$$$$$$

    PartyPartyJack-in-the-BoxPartyPartyWhite BounceWhite BounceWhite BounceJester LaughChair

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      The Quantum Master
      West Concord, MN
      United States
      Member #21
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      Posted: January 5, 2012, 9:08 am - IP Logged

      A Big decision and a Big change with Big jackpots means a Big public ad campaign to let the people know about the upcoming event.

      Oh, wait... there was little to none.

      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

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        Harbinger
        D.C./MD.
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        July 30, 2006
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        Posted: January 5, 2012, 9:44 am - IP Logged

        It will affect sales but then again............. the Quick Pickers....................OK so now what will the catchy phrase be?????????  "A dollar and a dream" will only apply to the MEGA.  So what will it be for $2 PBall?

        "Two bux sux",  comes to mind immediately,  then "The 2dollar dream ream".  I would like to run their ad campaign.  "reach around...................

        Thud


          Bahamas
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          August 5, 2011
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          Posted: January 5, 2012, 9:52 am - IP Logged

          By Todd Northrop, with AP wire sources

          Powerball lottery organizers are betting that bigger jackpots will entice more people to play, but gamblers are going to have to dig deeper into their wallets to try their luck.

          Game changes that have been in the works for months — perhaps years — are finally going into effect this month.

          (See Changes coming to Powerball multi-state lottery game in January, Lottery Post, Jun. 27, 2011.)

          Tickets for the multi-state game are doubling in price to $2 beginning Jan. 15.  While the odds of winning one of the game's giant jackpots also are improving, 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.

          "With the price of everything else going up, there's not much you can get for a dollar anymore," said 28-year-old Ryan Raker, of Des Moines, Iowa, who buys a ticket once a month.  He says he'll probably play less frequently now.

          Lotteries have long sold regular people on the hope of becoming rich quick by simply picking a lucky combination of numbers.  Some play loved ones' birthdays or anniversaries in the hope that fate may point them in the direction of a jackpot.  Selling that hope is easy; less so is predicting consumers' sensitivity to price changes.

          Powerball's move follows the model of scratch ticket games, which once were all $1 but now are offered at higher prices with the chance for bigger prizes.

          The evolution of scratch tickets and the creation of families of games that offer tickets at different prices has proven successful across the country, said Rebecca Hargrove, president of the Tennessee Lottery.  Scratch games like Win for Life in Illinois, Jumbo Bucks in Tennessee and the Crosswords game in Iowa have all been successful, Hargrove said.

          "The more choices you gave players the higher the sales were," Hargrove said.  "A family of games at multiple price points created the most excitement. Once those kinds of games were introduced we saw a dramatic increase in sales."

          For example, in Iowa, scratch ticket sales increased from $125 million in 2007 to $165.3 million in 2011, state lottery officials said.

          Lottery officials believe increasing the price of the game will make it more attractive to players, said Terry Rich, spokesman for the West Des Moines-based Multi-State Lottery Association, which runs Powerball.

          "People like variety," Rich said.  "We're repackaging and freshening up the product and enriching the product."

          Powerball is the big fish of the various lottery games states offer, and typically has some of the biggest payouts.  There are nine ways to win the game, from a $3 prize for matching the Power Ball number to various payouts for different combinations of winning numbers.

          Odds of winning are improving because of changes the game is making in the numbers players can choose.  The number of Powerball numbers to choose from will decrease from 39 to 35.  That will improve the odds of winning from 1 in 192 million to 1 in 175 million.

          Picking the right numbers will have a bigger payoff: The starting jackpot is rising from $20 to $40 million.  The amount won for matching all five numbers but not the Power Ball will increase from $200,000 to $1 million.

          The move is a strategy to differentiate the game from Mega Millions, the other big money, multi-state lottery game that is sold for $1 a ticket.  Both games are sold in 42 states, plus the U.S. Virgin Islands and Washington, D.C.  Each game has drawings twice a week.

          It could pay off, because consumers often get more excited about larger jackpots and play more.  Clyde Barrow, a gambling expert at the University of Massachusetts-Dartmouth, said larger jackpots should attract more players, even at the higher price.

          "As prizes escalate more people tend to enter the game," he said.  "The big draw will be the size of the jackpot.  The idea is that at $12 million people don't get too excited but when it crosses $140 million, more people will play and by increasing the price level of tickets you will reach that prize level much faster."

          Rich said sales may dip at first but likely would climb as jackpots soar.  Half of ticket sales are returned to the states where Powerball is played to help fund government programs.

          "We wouldn't be doing it if we didn't think more money would be coming back to the states and help them with revenues during these tough economic times," Rich said.

          Hargrove, the Tennessee lottery executive, said many players already pay an extra dollar to play an option called the Power Play, which can multiply winnings for prizes below the jackpot level.

          In Oklahoma, 40 percent of players already are paying $2 for a Powerball ticket with the Power Play option.  In Tennessee, nearly 30 percent pay to play the Power Play option.  The option will continue to be offered for an extra dollar with the new changes, Hargrove said.

          Still, the game may have work to do to win over players hesitant to fork over an extra dollar.  Many say they'll simply play half as much, or switch to the less expensive Mega Millions.

          Irwin Weitz, who owns an Atlanta home improvement business, said he buys five to 10 tickets each time the Powerball jackpot reaches $100 million.  The 57-year-old said he's not swayed by promises of higher, faster-growing jackpots and will buy half as many Powerball tickets.

          "I don't see the argument," Weitz said.  "The reality is when the odds are so high, you're just gambling on a dream of becoming rich quick."

          Katie Langel, manager of the Freedom Value Center convenience store and gas station in Sioux Falls, S.D., didn't like the idea, either.

          "Say I've been buying (tickets) for years," she said.  "I may just go to Mega Millions.  I just don't really see why it has to go up to $2."

          At the Navarro Pharmacy in Miami's Little Havana area, retired nursing home worker Maria Fernandez, 67, said playing the Powerball every week has given her hope.  Fernandez, who lives off a small pension, said she can't afford more than the $5 a week she now spends so will have to play less.

          "Poor people will not have as many chances to win," she said.

          Zach Levy, a 23-year-old salesman from Atlanta, said he'll buy fewer Powerball tickets but won't give up altogether.

          "I won't play as eagerly as I did before, but I still want to win," he said.  "I would finally move out of my parents' basement."

          However many people will gripe about the increased price, the Multi-State Lottery Association says that thousands of randomly-selected players they surveyed since 2005 have asked for the change.

          Summary of Powerball changes

          • Jackpots will start at a minimum of $40 million (the current starting point is $20 million).
          • 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 number of Powerballs (the bonus number) will drop from the current 39 to 35, improving the odds of winning the jackpot to 1 in 175,223,510.  (The current odds of winning the jackpot are 1 in 195,249,054).  By comparison, the odds of winning the jackpot in Mega Millions are 1 in 175,711,536 — nearly identical to the new Powerball odds.  The number of regular numbers (the first five numbers drawn) will remain the same 59.
          • The overall odds of winning any prize have improved to 1 in 31.8.  The current odds of winning a prize are 1 in 35.
          • The cost to play Powerball will increase to $2 per ticket.  This is the first time in 20 years that Powerball has raised the ticket cost.  Power Play will continue to be offered at the same $1 per ticket cost, making a ticket purchased with the Power Play option $3.
          • Power Play is changed from being a random multiplier drawn to a fixed increase that varies based on what prize level is won by the player.  The extra Power Play computerized drawing that takes place after the main drawing is eliminated once the changes take place.  See the new prize and odds table below for the new fixed Power Play payout amounts for each prize level.
          • Second prize, which is won by matching the first five numbers but not the Powerball, will increase from $200,000 to $1 million, ensuring that many more millionaires are created by the game since there are typically multiple second-prize winners every drawing.  A ticket purchased with the Power Play option that wins second prize will be increased to $2 million.
          • The lowest prize level — won by matching just the Powerball number — is increased to $4, but is also easier to win, thanks to the fewer Powerball numbers to choose from.
          • The "Match 5 Bonus Prize", which limits the amount that record jackpots can increase to $25 million per drawing, has been eliminated.
          • The first drawing of the changed Powerball game will be Wed., Jan. 18, 2012.  The final drawing under the current Powerball rules will be Sat., Jan. 14, 2012.  Tickets for the changed Powerball game will go on sale Jan. 15.

          New prize and odds table

          MatchPrizePrize with
          Power Play
          Odds
          5 of 5 + PowerballJackpotJackpot1 in 175,223,510
          5 of 5$1,000,000$2,000,0001 in 5,153,633
          4 of 5 + Powerball$10,000$40,0001 in 648,976
          4 of 5$100$2001 in 19,088
          3 of 5 + Powerball$100$2001 in 12,245
          3 of 5$7$141 in 361
          2 of 5 + Powerball$7$141 in 707
          1 of 5 + Powerball$4$121 in 111
          Powerball only$4$121 in 56

          Note to readers

          Many readers ask about when the changes to Powerball will be reflected on the pages of Lottery Post and our sister site, USA Mega.

          Rest assured, the changes will be published in all the necessary pages, but only when the changes have gone into effect.  So you can expect the changes to be made to our Web pages on January 15th — the day after the final drawing under the old rules takes place.

          The Powerball Jackpot rolled over for the 3rd time and by TWICE ($14m) the amount it typically does at the stage in the build up to a huge jackpot. For those of you that trend this you can validate as much.

           

          I guess this is the aggressive particpation of all of those opponents to the new game trying to win before it goes to $2 - lol!

          "Freedom of Speech? Keep reading and you will discover that freedom comes at a price!"


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            Posted: January 5, 2012, 10:12 am - IP Logged

            The Powerball Jackpot rolled over for the 3rd time and by TWICE ($14m) the amount it typically does at the stage in the build up to a huge jackpot. For those of you that trend this you can validate as much.

             

            I guess this is the aggressive particpation of all of those opponents to the new game trying to win before it goes to $2 - lol!

            Excellent observation rad242. Your right on the money, only 10 day's left to win that Powerball at only $1/ticket. Conversely the sales should drop after the 15th for a few months until stability returns.I Agree!

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              TX
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              Posted: January 5, 2012, 10:52 am - IP Logged

              Mcginnin56, I just wonder if nobody wins the jackpot between now and the new "$2 start date", will the increase be at normal traditional rates of the past or the predicted rate of the future starting after Jan 15th ?

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                Chief Bottle Washer
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                Posted: January 5, 2012, 11:09 am - IP Logged

                The Powerball Jackpot rolled over for the 3rd time and by TWICE ($14m) the amount it typically does at the stage in the build up to a huge jackpot. For those of you that trend this you can validate as much.

                 

                I guess this is the aggressive particpation of all of those opponents to the new game trying to win before it goes to $2 - lol!

                Hmmm, note to lottery directors:  here's a new marketing angle you may not have thought of.  Instead of the next marketing slogan of "You could win!", maybe it should be "You guys better buy more tickets or we'll raise the price."

                LOL  If we weren't laughing we'd be cying, right?  Better to laugh.

                 

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                  Pennsylvania
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                  Posted: January 5, 2012, 11:36 am - IP Logged

                  Dunno WHEN we as a people of the USA will get smart and stop voting in people that do not represent us, disrepect us, use us and threaten us if we don't fall in line with what they want.  They use police action against us if we try to rise up against the crap they spit out at us, calling it "Security", the only thing is secure is that they can make a mockery of our Constitution and the Bill of Right.   Use us as they see fit?   The young ones are fed up with it and they have the power to change things, the powers that be beat them down but they will rise again and again until they win our rights back.  We have a right to assemble and the Constitution says we have Rights to Free Speech.

                  If they need more money for the States, then the largest "Job Creator" should start hiring to fix the bridges and roads in this country.

                  Politicians have gone mad with power.  Most, if not all, are too stupid and self centered to help us.

                  With that beig said, I will never buy another Powerball ticket again. 

                  Life Is Wonderful If You Don't Weaken


                    Bahamas
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                    Posted: January 5, 2012, 11:51 am - IP Logged

                    Hmmm, note to lottery directors:  here's a new marketing angle you may not have thought of.  Instead of the next marketing slogan of "You could win!", maybe it should be "You guys better buy more tickets or we'll raise the price."

                    LOL  If we weren't laughing we'd be cying, right?  Better to laugh.

                    Todd - I am shocked and appalled at your response and the manner in which you trivialize a NATIONAL ISSUE - lol! lol! lol! lol! Now that I am off the ground and dusted myself off i think I will laugh until I cry.

                     

                    Your comment was a classic! lol

                    "Freedom of Speech? Keep reading and you will discover that freedom comes at a price!"

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                      Posted: January 5, 2012, 12:02 pm - IP Logged

                      Pretty soon lottery prices will be like gas and need a credit card to buy one...

                                                                                Pure luck

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                        Posted: January 5, 2012, 12:04 pm - IP Logged

                        Pretty soon lottery prices will be like gas and need a credit card to buy one...

                        I thought some peeps already use their credit cards to purchase lottery tickets What?

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

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                          NEW YORK
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                          Posted: January 5, 2012, 12:07 pm - IP Logged

                          Hmmm, note to lottery directors:  here's a new marketing angle you may not have thought of.  Instead of the next marketing slogan of "You could win!", maybe it should be "You guys better buy more tickets or we'll raise the price."

                          LOL  If we weren't laughing we'd be cying, right?  Better to laugh.

                          Playing the lottery more often for more lines= Spending more money= Gambling addiction.


                            Bahamas
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                            Posted: January 5, 2012, 12:07 pm - IP Logged

                            Buying HOPE on CREDIT. Now there's a concept!

                            "Freedom of Speech? Keep reading and you will discover that freedom comes at a price!"

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                              Posted: January 5, 2012, 12:15 pm - IP Logged

                              Next will be but 20.00 worth of power ball tickets get one free...Got that here in Ky already..Right now buy 2 five dollar scratch offs of the same kind and get a three dollar one free with a coupon they send you in the e-mail...The lottery peeps are always thinking and lottery peeps keep on buying...One winner and 299 million losers of the big jackpot..

                                                                                        Pure luck

                                 
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