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Lottery jackpots may get bigger

Topic closed. 142 replies. Last post 5 years ago by Coin Toss.

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CDanaT's avatar - tiger avatar_04_hd_pictures_169016.jpg
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January 4, 2012
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Posted: February 15, 2012, 12:21 am - IP Logged

lotta talk about riggin,in another thread i asked someone to explain the mechanics of the riggin,

no replies,from poster that says its "rigged"

Isn't that Mel Gibsons character name in Lethal Weapon (scratching head) ???  What?

Stay Positive, Believe and good things will come your way

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    NY
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    October 16, 2005
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    Posted: February 15, 2012, 2:11 am - IP Logged

    ashabug725,

    Oh I agree that PB is more likely to get there first, if either one does, but, the increase in tickets prices has decreased the number of players, thus with less people playing even though they've doubled (or tripled, with Powerplay) the amount individualy played, that leaves for a lot less of the 175 M + combinations being covered.

    Those who run the lotteries are always a few steps, no make that miles) ahead of the players.

    In a world of hoping for a jackpot of 1/2 of a billion dollars, I don't think a variance of $28M in a start point is exactly earth shattering.

    Just my $.02

    The new minimum jackpot  makes only a small difference because almost all jackpots rolled past $40 million with the old minimums.

    What does make a huge difference is that the jackpot gets twice as much money from each ticket sold, while the odds were only improved by a modest amount. Selling fewer tickets means the jackpot won't grow twice as fast, but since the odds are only slightly better it also means there's almost twice as much chance of a rollover for each drawing.

    On average they have to sell about 175 million tickets to have 1 winning ticket. That would put $112 million in the jackpot prize pool, which would (currently) result in an advertised jackpot of about  $180 million. On average, the previous matrix would sell 195 million tickets to produce one winning ticket for a cash value of about $63 million, advertised at (again, based on current rates) $100 million. The new formula should result in average jackpots that are 80% higher than they used to be.

    If the previous PB record of $177 million cash, advertised at $365 ,happened today it would be $318.6 million in cash, and would be advertised as $510 million. That same amount of cash at the interest rates of 2006 would result in an advertised jackpot of $650 million. Of course that's before accounting for the utter insanity that's likely to result from advertising a jackpot of more than $500 million.

    We may not see $500 million this year, but it's very likely within the next few years.

      garyo1954's avatar - garyo
      Dallas, Texas
      United States
      Member #4549
      May 2, 2004
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      Posted: February 15, 2012, 3:18 am - IP Logged

      The new minimum jackpot  makes only a small difference because almost all jackpots rolled past $40 million with the old minimums.

      What does make a huge difference is that the jackpot gets twice as much money from each ticket sold, while the odds were only improved by a modest amount. Selling fewer tickets means the jackpot won't grow twice as fast, but since the odds are only slightly better it also means there's almost twice as much chance of a rollover for each drawing.

      On average they have to sell about 175 million tickets to have 1 winning ticket. That would put $112 million in the jackpot prize pool, which would (currently) result in an advertised jackpot of about  $180 million. On average, the previous matrix would sell 195 million tickets to produce one winning ticket for a cash value of about $63 million, advertised at (again, based on current rates) $100 million. The new formula should result in average jackpots that are 80% higher than they used to be.

      If the previous PB record of $177 million cash, advertised at $365 ,happened today it would be $318.6 million in cash, and would be advertised as $510 million. That same amount of cash at the interest rates of 2006 would result in an advertised jackpot of $650 million. Of course that's before accounting for the utter insanity that's likely to result from advertising a jackpot of more than $500 million.

      We may not see $500 million this year, but it's very likely within the next few years.

      Interesting points.

      The odds of getting 5 of 5 are still the same. The only improved odds are on the powerball, down to 35 from 39. Paying $2 - $3 is not a smart play when you can play a state game and get two to three times as many chances at a pot larger than $1 mill to $2 mill.


        Bahamas
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        August 5, 2011
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        Posted: February 15, 2012, 8:41 am - IP Logged

        The REAL CONSPIRACY is he's being paid by the MUSL to entertain and engage us until the next large jackpot - lol!

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

          CDanaT's avatar - tiger avatar_04_hd_pictures_169016.jpg
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          Posted: February 15, 2012, 8:54 am - IP Logged

          Like a freshly planted garden...Let the growth begin and the rewards be bountiful to all of those that contribute.
           oh ta heck with it.....give up the goodies tonight !!!

          Stay Positive, Believe and good things will come your way

            savagegoose's avatar - ProfilePho
            adelaide sa
            Australia
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            April 11, 2006
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            Posted: February 15, 2012, 8:58 am - IP Logged

            the real conspiracy is... " they " keep track of my numbers, and even when i get someone Else to play them they know its mine and make sure they lose.

            They are waiting until i forget to play my regs and WHAM they will make my numbers come up,.

            They know everyone's regs, and  have software checking to see what set of number  where forgotten ea week, thus distressing the max amount of people, and they make them come up.

            why you ask? because, they are pure EVIL!!!

            Red Devil

            2014 = -1016; 2015= -1409; 2016 JAN = -106; FEB= -81; MAR= -131; APR= - 87: MAY= -91; JUN= -39; JUL=-134; AUG= -124; SEP = -123; OCT= -84  NOV=- 73 TOT= -3498

            keno historic = -2291 ; 2015= -603; 2016= JAN=-32, FEB= +12 , MAR= -86, APR = -77. MAY= -48, JUN= -29, JUL=-71; AUG = -52; SEPT= -43; OCT = +56 NOV = -33 TOT= -3297

              CDanaT's avatar - tiger avatar_04_hd_pictures_169016.jpg
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              Posted: February 15, 2012, 9:06 am - IP Logged

              the real conspiracy is... " they " keep track of my numbers, and even when i get someone Else to play them they know its mine and make sure they lose.

              They are waiting until i forget to play my regs and WHAM they will make my numbers come up,.

              They know everyone's regs, and  have software checking to see what set of number  where forgotten ea week, thus distressing the max amount of people, and they make them come up.

              why you ask? because, they are pure EVIL!!!

              Red Devil

              C'mon Savage(mother)goose......it can't be that bad ???? besides, they only just single you out  cause they know whatta bad kid you were and how much grief you caused !!  ROFL

              Stay Positive, Believe and good things will come your way


                Bahamas
                Member #114685
                August 5, 2011
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                Posted: February 15, 2012, 9:10 am - IP Logged

                the real conspiracy is... " they " keep track of my numbers, and even when i get someone Else to play them they know its mine and make sure they lose.

                They are waiting until i forget to play my regs and WHAM they will make my numbers come up,.

                They know everyone's regs, and  have software checking to see what set of number  where forgotten ea week, thus distressing the max amount of people, and they make them come up.

                why you ask? because, they are pure EVIL!!!

                Red Devil

                I think the MUSL needs to launch a nationwide competition to see who can come up with the best most plausible conspiracy theories and have players vote for a winner but then the losers would say its a CONSPIRACY explaing why they didn't win - lol. SCRATCH THAT

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


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                  May 25, 2011
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                  Posted: February 15, 2012, 9:19 am - IP Logged

                  the real conspiracy is... " they " keep track of my numbers, and even when i get someone Else to play them they know its mine and make sure they lose.

                  They are waiting until i forget to play my regs and WHAM they will make my numbers come up,.

                  They know everyone's regs, and  have software checking to see what set of number  where forgotten ea week, thus distressing the max amount of people, and they make them come up.

                  why you ask? because, they are pure EVIL!!!

                  Red Devil

                  It is the sole mission of these devious, deceitful numbers savagegoose. Morning, noon and night. While you work, eat, play and sleep these crafty numbers are taunting, mocking us every step of the way.    Poke

                   

                  They can never truly be satisfied, until you are ready to jump off a high rise building. As you descend quickly, screaming with frustration on your journey towards that concrete sidewalk, you briefly look up at your tickets clutched tightly in your fist, and realize your numbers from last night's drawing CAME UP!!   Eek  Hyper

                   

                  TO LATE. SPLAT.    Dead

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                    sapulpa,ok.
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                    March 28, 2011
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                    Posted: February 15, 2012, 9:30 am - IP Logged

                    ill gladly take one billion


                      Bahamas
                      Member #114685
                      August 5, 2011
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                      Posted: February 15, 2012, 9:35 am - IP Logged

                      It is the sole mission of these devious, deceitful numbers savagegoose. Morning, noon and night. While you work, eat, play and sleep these crafty numbers are taunting, mocking us every step of the way.    Poke

                       

                      They can never truly be satisfied, until you are ready to jump off a high rise building. As you descend quickly, screaming with frustration on your journey towards that concrete sidewalk, you briefly look up at your tickets clutched tightly in your fist, and realize your numbers from last night's drawing CAME UP!!   Eek  Hyper

                       

                      TO LATE. SPLAT.    Dead

                      An old man turned ninety-eight
                      He won the lottery and died the next day
                      It's a black fly in your Chardonnay
                      It's a death row pardon two minutes too late
                      And isn't it ironic... don't you think

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

                        CDanaT's avatar - tiger avatar_04_hd_pictures_169016.jpg
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                        Posted: February 15, 2012, 9:35 am - IP Logged

                        ill gladly take one billion

                        Whoa Nellie !!!!! ya startin' to sound like Congress & that White House dude !!!!   won't just 40 million do ??   Thud

                        Stay Positive, Believe and good things will come your way


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                          Posted: February 15, 2012, 9:40 am - IP Logged

                          An old man turned ninety-eight
                          He won the lottery and died the next day
                          It's a black fly in your Chardonnay
                          It's a death row pardon two minutes too late
                          And isn't it ironic... don't you think

                          Alanis Morissette sung my feelings exactly.  Guitar


                            United States
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                            Posted: February 15, 2012, 9:53 am - IP Logged

                            Whoa Nellie !!!!! ya startin' to sound like Congress & that White House dude !!!!   won't just 40 million do ??   Thud

                            I'd settle for $500, I'm not greedy.   Yes Nod

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                              New Member
                              NE Ohio
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                              October 15, 2011
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                              Posted: February 15, 2012, 11:00 am - IP Logged

                              How about we get a bunch of lottery clubs and a number of people that can afford to throw $100 at a big jackpot, say $200 million, and assign them specific combinations so the all the combinations are covered.

                               

                              1.    The jackpot would get a $175 million kick in the pants

                              2.    There would be 34 millionaires and one jackpot winner

                               

                              I just can’t believe with the number of tickets sold there was only one winner, it’s almost like they control the combinations that are played by auto picks. And if it was public information, or at least information released after drawings, we would be surprised how low the coverage numbers are.

                                 
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