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Lottery jackpots may get bigger

Insider BuzzInsider Buzz: Lottery jackpots may get bigger
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$1 billion? Not as crazy as it sounds

The Powerball lottery that provided a lucky Rhode Island ticket holder $336.4 million could soon produce jackpots of $500 million or more.

Saturday's winner, who purchased a ticket at a Newport Stop & Shop, has yet to be identified. But the sixth-largest lottery ticket in U.S. history — worth about $210 million as a lump-sum payment — could eventually seem like chump change.

Had no one picked Saturday's six-number winning combination, the Powerball ticket would have jumped to a record $415 million this week.

"Could we see even bigger numbers? Anything's possible," says Tennessee Lottery Director Rebecca Paul Hargrove, head of the Multi-State Lottery Association (MUSL). "When a jackpot hits $200 million, it becomes water cooler talk and the increase in play is dramatic."

Tennessee, which has offered Powerball since 2004, had record ticket sales last week. Like other states, Tennessee receives at least 30% of Powerball revenue, which issued for education and other programs, says Hargrove, who has overseen lotteries in Illinois, Georgia and Florida.

MUSL, a coalition of several states, tweaked Powerball to make it more enticing last month, boosting ticket prices to $2 from $1 and hiking the minimum top payout to $40 million. The number of potential $1 million prizes was also increased, and the odds of winning the top prize were lowered to 1 in 176 million — from 1 in 195 million under prior Powerball draws.

"You definitely see a huge jump in sales," says Terri La Fleur, publisher of gaming journal La Fleur's. "We haven't seen a (top prize) above $390 million. We envision it can go over $500 million."

Lottery officials expected the changes to raise the anticipated top prize to $255 million, says MUSL director Chuck Strutt. But sales mushroomed the past 10 days. Powerball is offered in 42 states, Washington, D.C., and the Virgin Islands.

"Can the jackpot in the new game hit $1 billion? In this game design, it is predicted to happen about once in 10 years," he says.

Saturday's winning numbers were 1-10-37-52-57, with a Powerball of 11. Rhode Island lottery director Gerry Aubin says he expects the winner to surface later this week. "Hopefully, they are seeking some financial and legal advice right now and changing their phone number," Aubin says. The state's previous top lottery winner, who won $151 million in 2007, didn't come forward for several days.

Higher prizes could lead to abuse, warns Keith Whyte, of the National Council on Problem Gambling. "Some people may be unable to resist risking hundreds or thousands of dollars," he says. "The simplest advice: keep purchases at reasonable levels and play for recreation, like pooling ticket purchases with friends."

USA Today

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142 comments. Last comment 5 years ago by Coin Toss.
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NEW YORK
United States
Member #90535
April 29, 2010
11975 Posts
Online
Posted: February 13, 2012, 10:29 pm - IP Logged

$1 billion? Not as crazy as it sounds

The Powerball lottery that provided a lucky Rhode Island ticket holder $336.4 million could soon produce jackpots of $500 million or more.

Saturday's winner, who purchased a ticket at a Newport Stop & Shop, has yet to be identified. But the sixth-largest lottery ticket in U.S. history — worth about $210 million as a lump-sum payment — could eventually seem like chump change.

Had no one picked Saturday's six-number winning combination, the Powerball ticket would have jumped to a record $415 million this week.

"Could we see even bigger numbers? Anything's possible," says Tennessee Lottery Director Rebecca Paul Hargrove, head of the Multi-State Lottery Association (MUSL). "When a jackpot hits $200 million, it becomes water cooler talk and the increase in play is dramatic."

Tennessee, which has offered Powerball since 2004, had record ticket sales last week. Like other states, Tennessee receives at least 30% of Powerball revenue, which issued for education and other programs, says Hargrove, who has overseen lotteries in Illinois, Georgia and Florida.

MUSL, a coalition of several states, tweaked Powerball to make it more enticing last month, boosting ticket prices to $2 from $1 and hiking the minimum top payout to $40 million. The number of potential $1 million prizes was also increased, and the odds of winning the top prize were lowered to 1 in 176 million — from 1 in 195 million under prior Powerball draws.

"You definitely see a huge jump in sales," says Terri La Fleur, publisher of gaming journal La Fleur's. "We haven't seen a (top prize) above $390 million. We envision it can go over $500 million."

Lottery officials expected the changes to raise the anticipated top prize to $255 million, says MUSL director Chuck Strutt. But sales mushroomed the past 10 days. Powerball is offered in 42 states, Washington, D.C., and the Virgin Islands.

"Can the jackpot in the new game hit $1 billion? In this game design, it is predicted to happen about once in 10 years," he says.

Saturday's winning numbers were 1-10-37-52-57, with a Powerball of 11. Rhode Island lottery director Gerry Aubin says he expects the winner to surface later this week. "Hopefully, they are seeking some financial and legal advice right now and changing their phone number," Aubin says. The state's previous top lottery winner, who won $151 million in 2007, didn't come forward for several days.

Higher prizes could lead to abuse, warns Keith Whyte, of the National Council on Problem Gambling. "Some people may be unable to resist risking hundreds or thousands of dollars," he says. "The simplest advice: keep purchases at reasonable levels and play for recreation, like pooling ticket purchases with friends."

"They should raise the price to $5.00 so people would realize they are throwing good money away.Spending any money on a lottery is just like setting it on fire, it will disappear before your eyes."

The reason scratch tickets cost more is because players do not have to wait for a drawing.By the way I have never played scratch tickets.

    HiFi's avatar - police

    United States
    Member #3792
    February 21, 2004
    198 Posts
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    Posted: February 13, 2012, 10:31 pm - IP Logged

    i wish they made a lottery game with the same odds as a casino game... i dont know why the lottery has to have such garbage odds when casinos make tons of money an have drastically better odds

      JoeBigLotto's avatar - Lottery-049.jpg
      melbourne , florida
      United States
      Member #121140
      January 3, 2012
      180 Posts
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      Posted: February 13, 2012, 10:47 pm - IP Logged

      i wish they made a lottery game with the same odds as a casino game... i dont know why the lottery has to have such garbage odds when casinos make tons of money an have drastically better odds

      First of all l was the first guy here to write about $500,000,000 jackpot and now everyone is copying me and for the lottery being like a casino well don't worry very soon a new casino will pop up in your back yard and then you be the first to start whinning about it too the lottery will never be like the casinos .They won't serve you alcohol and they won't let you see cute women in skimpy outfit so stop dreaming.

        DC81's avatar - batman39
        MI
        United States
        Member #54830
        August 31, 2007
        985 Posts
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        Posted: February 13, 2012, 10:54 pm - IP Logged

        Remember not that far back when Powerball jacked up their odds to 1 in nearly 200M and how that was supposed to bring those record jackpots, those 500M jackpots... What happened to that? Oh right. LOL

        You can't predict random.

          gocart1's avatar - lighthouse
          ONEONTA,NEW YORK
          United States
          Member #30516
          January 17, 2006
          419 Posts
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          Posted: February 13, 2012, 11:02 pm - IP Logged

          Remember not that far back when Powerball jacked up their odds to 1 in nearly 200M and how that was supposed to bring those record jackpots, those 500M jackpots... What happened to that? Oh right. LOL

          I Agree!US Flag

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            new york
            United States
            Member #123017
            February 11, 2012
            124 Posts
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            Posted: February 13, 2012, 11:36 pm - IP Logged

            so with bigger jack pots(supposedly) will any pay for the power play option?

              weshar75's avatar - Lottery-042.jpg
              Mcminnville, Oregon
              United States
              Member #3013
              December 13, 2003
              3046 Posts
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              Posted: February 13, 2012, 11:36 pm - IP Logged

              This is the first run that is going to be all $2 tickets so we will reach $300 million faster than this last run of $336 million.  I say 40,60,80,100,125,150,175,200,250,325 so 10 rollovers and that will be a record.  We might see a new record on the 11th drawing.  just my two cents. Good luck!-weshar75

                CDanaT's avatar - tiger avatar_04_hd_pictures_169016.jpg
                TX
                United States
                Member #121193
                January 4, 2012
                1637 Posts
                Offline
                Posted: February 13, 2012, 11:49 pm - IP Logged

                This is the first run that is going to be all $2 tickets so we will reach $300 million faster than this last run of $336 million.  I say 40,60,80,100,125,150,175,200,250,325 so 10 rollovers and that will be a record.  We might see a new record on the 11th drawing.  just my two cents. Good luck!-weshar75

                SORRY WESHAR75,,,,, I HAVE PLANS TO WIN SOMEWHERE BETWEEN 50 AND 200 MILLION  Patriot....PERHAPS AFTER , YOUR PREDICTION WILL COME TO THE SURFACE See Ya!

                Stay Positive, Believe and good things will come your way

                  kyokushin187's avatar - evildead2
                  cornwall,ct
                  United States
                  Member #102636
                  December 23, 2010
                  245 Posts
                  Offline
                  Posted: February 13, 2012, 11:58 pm - IP Logged

                  hopefully we can get a winner out of mm Tuesday.me.                                       

                  Kyokushin karate a.k.a.

                  "the strongest karate"    OSU!

                    Coin Toss's avatar - shape barbed.jpg
                    Zeta Reticuli Star System
                    United States
                    Member #30470
                    January 17, 2006
                    10344 Posts
                    Offline
                    Posted: February 14, 2012, 12:56 am - IP Logged

                    First of all l was the first guy here to write about $500,000,000 jackpot and now everyone is copying me and for the lottery being like a casino well don't worry very soon a new casino will pop up in your back yard and then you be the first to start whinning about it too the lottery will never be like the casinos .They won't serve you alcohol and they won't let you see cute women in skimpy outfit so stop dreaming.

                    Well JoeBigLotto, a search for "$500,000,000 jackpot" produces 8 pages of previous discussions so you're hardly 'the first guy here to write about $500,000,000 jackpot, nor is everybody 'copying you'.

                    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.

                      RedStang's avatar - tallman zps6gf4inoc.jpg
                      NY
                      United States
                      Member #121961
                      January 21, 2012
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                      Posted: February 14, 2012, 1:03 am - IP Logged

                      Like weshar said. If the PB jackpot snowballed that quickly starting with 1$ bets, i can't imagine whats gonna happen with 2$. I can see an easy 500 mill++ coming soon.

                        ashabug725's avatar - Yavill
                        Indiana
                        United States
                        Member #122868
                        February 9, 2012
                        322 Posts
                        Offline
                        Posted: February 14, 2012, 1:18 am - IP Logged

                        This is the first run that is going to be all $2 tickets so we will reach $300 million faster than this last run of $336 million.  I say 40,60,80,100,125,150,175,200,250,325 so 10 rollovers and that will be a record.  We might see a new record on the 11th drawing.  just my two cents. Good luck!-weshar75

                        I say.. 40..65.. 95.. 130.. .175.. 230.. 300.. 380.. 465.. 550
                        (if it were to go that high obviously)

                          Avatar
                          new york
                          United States
                          Member #123017
                          February 11, 2012
                          124 Posts
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                          Posted: February 14, 2012, 1:55 am - IP Logged

                          im going to play mm more then pb only when pb is below $100 mil. $2 seems to much for anything less then $100mil(im greedy so what). any ways pb this roll wont get over $400mil cause im going to snatch it before it reaches $200mil, well thats the plan.

                            jeffrey's avatar - moon
                            Hamilton, OH
                            United States
                            Member #4162
                            March 27, 2004
                            277 Posts
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                            Posted: February 14, 2012, 2:27 am - IP Logged

                            seems like lately only people on the coasts win. sucks to be in the middle.