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Mega Millions multi-state lottery to get harder to win in Oct.

Topic closed. 311 replies. Last post 3 years ago by Jill34786.

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United States
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September 7, 2011
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Posted: May 23, 2013, 5:20 pm - IP Logged

"Explain to me how this will bring more money?"

They don't have to bring in more money to make more money, they just have to pay out less of what they bring in and by upping the odds and elimination 0+1 payouts of $2 they will accomplish that.

The problem is going to be having sales drop off and 6 months going by before the jackpot hits $100 million. If it takes a year before it gets past $200 million people could lose interest all together.

    Avatar
    Toronto
    Canada
    Member #138397
    January 26, 2013
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    Posted: May 23, 2013, 5:25 pm - IP Logged

    Has nothing to do with inflation.

    you're sadly mistaken. Can you even imagine a 300 million dollar jackpot in the 1980s? It wouldn't have happened because 300 million then is like 2-3

    billion now. At least. The value of a dollar will go down, eventually it'll be low enough that 300 million jackpots don't seem like so much. Which is when the

    lottery commission has to raise the prizes to make bigger, more lucrative jackpots.


      United States
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      Posted: May 23, 2013, 5:27 pm - IP Logged

      you're sadly mistaken. Can you even imagine a 300 million dollar jackpot in the 1980s? It wouldn't have happened because 300 million then is like 2-3

      billion now. At least. The value of a dollar will go down, eventually it'll be low enough that 300 million jackpots don't seem like so much. Which is when the

      lottery commission has to raise the prizes to make bigger, more lucrative jackpots.

      I Agree! In the 1980s it was a big deal to be "a millionaire". Green laugh

        RJOh's avatar - chipmunk
        mid-Ohio
        United States
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        March 24, 2001
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        Posted: May 23, 2013, 5:39 pm - IP Logged

        The problem is going to be having sales drop off and 6 months going by before the jackpot hits $100 million. If it takes a year before it gets past $200 million people could lose interest all together.

        If states continue to contribute only 32% of sales to the jackpots but pay out less in prizes then the objective of the change will be shown not to be to increase the jackpots but to increase the states profits.  If neither happens, I would expect another change within a year.

         * you don't need to buy more tickets, just buy a winning ticket * 
           
                     Evil Looking       

          veganlife125's avatar - Lottery-061.jpg

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          May 18, 2013
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          Posted: May 23, 2013, 6:25 pm - IP Logged

          I'm not a vegan but all the rabbits and squirrels in the holler are.

          And it don't seem to make 'em taste any healthier.

          Ain't that the truth rdgrnr! "We both be's up in these tennessee hills and whens i go walking the terriers in May they be jumpin rabbits every step of the way!"   Yall know why!Big Grin 

          Don't forget to visit the Lottery Post Gift Shop!

            veganlife125's avatar - Lottery-061.jpg

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            Posted: May 23, 2013, 8:10 pm - IP Logged

            Explain to me how this will bring more money? The reason PB worked was even with lower ticket sales (which there was, in fact, a drop in # of tickets sold for each equivalent jackpot level vs. the old game), they still made more sales/revenue because the ticket price doubled. This does none of that. Jackpots will grow slower, thereby doing what MM has been doing all year until reaching $190 million (which isn't that high in relative terms) recently - that is being won continually at lower jackpots because the jackpots grow so slowly.The starting jackpot isn't that much more attractive ($15 million) compared to what it already is. Powerball, almost through the entirety of the time it's been cross-sold & under the $2 matrix game, has been a higher jackpot thereby taking away sales from MM (you can go look at sales for MM and they have been terrible outside of the record jackpot); you used to see ~$20 million sales on the $12 million starting jackpot.

            So again, how will this bring in more money? The one time a year that the jackpot is able to reach a level where they sell $175.7 million in unique tickets and it still rolls over (due to 258.9 million odds)?

            Even if they didn't change the odds they would take in alot more money over the course of a year if they started out at 100 million minimum. Each lotto has 104 draws a year with most of them lanquishing under 100 million bringing in what a measly 10 million a draw?  10+ draws just to get past 100mil?  15+ draws to get past 200mil?  Then it starts to double each draw.  Im rounding of course.   It seemed inevitable to have higher odds or higher minimum pots.  We will see.

            Don't forget to visit the Lottery Post Gift Shop!

              mightwin's avatar - questns

              United States
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              January 5, 2011
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              Posted: May 23, 2013, 9:52 pm - IP Logged

              Maybe they want to be like ohio's classic lotto, how long has that run been going on?! Lol

                redhot7's avatar - SetforLifeLogo
                California
                United States
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                June 17, 2011
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                Posted: May 23, 2013, 11:02 pm - IP Logged

                This could backfire. Less people would buy MM which means the jackpot increment may only be 1 millions per draw. It would take 3 years before anybody won MM Jackpot. What a complete joke!

                  RedStang's avatar - tallman zps6gf4inoc.jpg
                  NY
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                  January 21, 2012
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                  Posted: May 24, 2013, 1:09 am - IP Logged

                  Going to be interesting when playslips won't work and clerks have to explain that they raised the balls to 75.


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                    Posted: May 24, 2013, 1:28 am - IP Logged

                    It was a shot in the dark at 175 million to one.

                    It'll be a shot in the dark at 258 million to one.

                    It ain't like you ever really had a good shot at it anyway.

                    Todd once explained beating the current odds as akin to getting struck by lightning while being eaten by a shark.

                    And now it'll be like being struck by lightning while being eaten by a shark while in your tool shed eating mayonnaise out of the jar with a pool cue with Oprah on your back.

                    Know what I'm sayin'?

                    No, I dont know what you are saying.

                    Are you saying the MM has just jumped the shark?

                    P.S.

                    I dont mind Oprah on my back as long as Tom Cruise is on her back.

                    P.P.S.

                    Nothing like a good old tablespoon full of mayonnaise.Hyper


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                      Posted: May 24, 2013, 1:40 am - IP Logged

                      If states continue to contribute only 32% of sales to the jackpots but pay out less in prizes then the objective of the change will be shown not to be to increase the jackpots but to increase the states profits.  If neither happens, I would expect another change within a year.

                      The OP said that during an interview it was indicated that the changes were made to sustain the sales in N Dakota, if I am not mistaken.

                      There was no mention of the relative sales of "other" states when Jackpot sizes rise.

                      We have a promotion here also.  It is a buy 10 get three free.

                      It is generous to a point.

                      What I dont like i that our play slips allows only five games max.  So in order to get three free, you either have to play the same five lines twice, or you have to have enough confidence in your numbers to let them "run" for another draw.


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                        Posted: May 24, 2013, 10:58 am - IP Logged

                        Go big, or go home MM.


                          United States
                          Member #116268
                          September 7, 2011
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                          Posted: May 24, 2013, 11:03 am - IP Logged


                            United States
                            Member #116268
                            September 7, 2011
                            20244 Posts
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                            Posted: May 24, 2013, 11:24 am - IP Logged

                            The OP said that during an interview it was indicated that the changes were made to sustain the sales in N Dakota, if I am not mistaken.

                            There was no mention of the relative sales of "other" states when Jackpot sizes rise.

                            We have a promotion here also.  It is a buy 10 get three free.

                            It is generous to a point.

                            What I dont like i that our play slips allows only five games max.  So in order to get three free, you either have to play the same five lines twice, or you have to have enough confidence in your numbers to let them "run" for another draw.

                            In the event of a bold price increase, would you play 5 lines for $20. instead of 20 lines for $20.


                              United States
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                              Posted: May 24, 2013, 12:54 pm - IP Logged

                              In the event of a bold price increase, would you play 5 lines for $20. instead of 20 lines for $20.

                              I doubt it.  Maybe if I had a very large grubstake.

                                 
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