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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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RJOh's avatar - chipmunk
mid-Ohio
United States
Member #9
March 24, 2001
19819 Posts
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Posted: June 5, 2013, 12:27 pm - IP Logged

I guess the chances of winning MegaMillions are pretty slim huh?

If they weren't, everybody would be winning.

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


    United States
    Member #143931
    June 18, 2013
    14 Posts
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    Posted: June 19, 2013, 1:55 am - IP Logged

    85MM higher odds?  LOL  We rarely play MM now, and once these increased odds take place I suspect will quit playing altogether. 

    It's interesting how the current odds for the MM and PB jackpots are nearly identical and few people ever win.  Two lines on MM cost the same as one line on PB, yet the cash value for PB jackpots is always 9 to 12% lower than the proportional cash vlaue for MM.  It's something I've tracked since January 2011.  When thinking about these proportional differences in the context that every jackpot is millions of dollars, it winds up being a lot of money over time. 

    Does PB actually payout 9 to 12% more in prizes than MM?  Surely not.  Or maybe PB's admin, marketing and margins are consistently 9 to 12% higher than MM?

    I would like to see the multi-state lotteries devise their drawings differently.  Here's an example.  The numbers I've used are arbitrary.

    One set of winning numbers would be drawn for an anuitized jackpot that reaches the $100MM threshold.  The jackpot is evenly split based on number of winning tickets.  Just like it does now.

    Two sets of numbers would be drawn when the anuitized jackpot reaches the $200MM level.  Tickets sold that match one set of numbers would win half of the jackpot.  Then reset the annuitized jackpot to $50MM.  If tickets sold match both sets of numbers, then split the entire jackpot among the tickets, and then reset the jackpot to a minimum level - say $25MM.

    In other words, one additional set of winning numbers are drawn as the jackpot reaches the next $100MM threshold.

    Just an idea.

      Avatar
      Texas
      United States
      Member #132455
      September 4, 2012
      483 Posts
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      Posted: June 20, 2013, 11:34 am - IP Logged

      If the lottery will be much harder to play, I think more and more people will become intereted in playing especially if the jackpot is extremely high. If that is the case it will generate a lot of revenue for the government. We need to play smarter to outwit this game!

        helpmewin's avatar - dandy
        u$a
        United States
        Member #106665
        February 22, 2011
        19752 Posts
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        Posted: June 20, 2013, 11:43 am - IP Logged

        Increasing the price decreases the chances of someone winning because fewer tickets are sold...

        I personally think it would be a disaster if the jackpots gets to a $1 billion, and still no one can win it.

        MAYBE YOU NEED TO TRY HARDER Dance

        Let it Snow Snowman

          helpmewin's avatar - dandy
          u$a
          United States
          Member #106665
          February 22, 2011
          19752 Posts
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          Posted: June 20, 2013, 11:45 am - IP Logged

          I don't think they're making it hard enough, there will still be PLENTY of winners.  If you want my opinion, I think the odds need to be increased to over 1 in 1,000,000,000.

          I Agree!

          Let it Snow Snowman

            Teddi's avatar - Lottery-008.jpg

            United States
            Member #142499
            May 13, 2013
            1182 Posts
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            Posted: June 20, 2013, 1:32 pm - IP Logged

            you make it 50c a ticket, and 1 in 1 billion m that's $1 buys a 1 in 500 mill chance.  people will see the 50c and huge jackpots and flock to it; ignoring the  incredibly high odds. you could also make the min buy $2, keeping the shop keepers happy.

            I Agree! The only issue i have with that is decreasing the ticket price to 50 cents would decrease the value of the JP. But yes, if the JPs get to a certain amount  I'd rather spend $2 on 4 tickets (even if the odds of winning are worse) than $2 on 1 ticket. 

            Someone would have to do the math for me, but at some point the odds of winning the MM would equal the PB once you buy x number of MM tickets with different numbers. If the odds of winning the MM with 4 tickets becomes greater than winning the PB with 1 ticket, then increasing the odds but lowering the ticket price might be a good option. Except that that'll never happen.

            I might wake up early and go running.  I might also wake up and win the lottery.

            The odds are about the same.


              United States
              Member #116268
              September 7, 2011
              20244 Posts
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              Posted: June 20, 2013, 4:32 pm - IP Logged

              I Agree! The only issue i have with that is decreasing the ticket price to 50 cents would decrease the value of the JP. But yes, if the JPs get to a certain amount  I'd rather spend $2 on 4 tickets (even if the odds of winning are worse) than $2 on 1 ticket. 

              Someone would have to do the math for me, but at some point the odds of winning the MM would equal the PB once you buy x number of MM tickets with different numbers. If the odds of winning the MM with 4 tickets becomes greater than winning the PB with 1 ticket, then increasing the odds but lowering the ticket price might be a good option. Except that that'll never happen.

              This is a dumb idea. The only way to make the game BETTER is by increasing the ticket price.

                brees2012's avatar - animal whale.jpg

                United States
                Member #125177
                March 26, 2012
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                Posted: June 28, 2013, 2:40 pm - IP Logged

                                         Sounds like GREED            IT'S not like they aren't making enough now

                 

                                 It will get to a point people will not play the game .....

                  redhot7's avatar - SetforLifeLogo
                  California
                  United States
                  Member #112364
                  June 17, 2011
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                  Posted: June 28, 2013, 3:18 pm - IP Logged

                  If they received enough complains, is there any chance that they would change their mind?


                    United States
                    Member #116268
                    September 7, 2011
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                    Posted: June 29, 2013, 11:34 pm - IP Logged

                    If they received enough complains, is there any chance that they would change their mind?

                    Poor ticket sales after the fact is the only thing they will comprehend.


                      United States
                      Member #116268
                      September 7, 2011
                      20244 Posts
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                      Posted: June 29, 2013, 11:35 pm - IP Logged

                                               Sounds like GREED            IT'S not like they aren't making enough now

                       

                                       It will get to a point people will not play the game .....

                      I Agree! I dont think people will play as much once they realize no one is going to win.


                        United States
                        Member #116268
                        September 7, 2011
                        20244 Posts
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                        Posted: June 29, 2013, 11:36 pm - IP Logged

                        I Agree! The only issue i have with that is decreasing the ticket price to 50 cents would decrease the value of the JP. But yes, if the JPs get to a certain amount  I'd rather spend $2 on 4 tickets (even if the odds of winning are worse) than $2 on 1 ticket. 

                        Someone would have to do the math for me, but at some point the odds of winning the MM would equal the PB once you buy x number of MM tickets with different numbers. If the odds of winning the MM with 4 tickets becomes greater than winning the PB with 1 ticket, then increasing the odds but lowering the ticket price might be a good option. Except that that'll never happen.

                        I don't do math either.


                          United States
                          Member #116268
                          September 7, 2011
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                          Posted: July 16, 2013, 6:16 pm - IP Logged

                          What a bummer. My favorite game is being hijacked.

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                            United States
                            Member #94616
                            July 24, 2010
                            4735 Posts
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                            Posted: July 16, 2013, 8:07 pm - IP Logged

                            Not playing power ball much (if at all) since they increased the cost- gonna DROP Mega next... Thumbs Down

                              Saylorgirl's avatar - Lottery-065.jpg
                              Indiana
                              United States
                              Member #129225
                              June 13, 2012
                              546 Posts
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                              Posted: July 17, 2013, 7:16 pm - IP Logged

                              I,for one,will NOT fall into line like a nice little sheep and go along with being fleeced out of my money by a greedy lottery commission!I will boycot this decision and refuse to buy MM tickets.I have one ticket left for tomorrow nights jackpot and then that's it for me.

                              I agree with you!!  However, I will probably play until October 18th which is the last draw on the current game.  Then boycot it is!!  What a total waste of money it will be.

                                 
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