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Mega Millions lottery game's redesign aims at bigger jackpots, better overall odds

Topic closed. 97 replies. Last post 3 years ago by veganlife125.

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rdgrnr's avatar - walt
Way back up in them dadgum hills, son!
United States
Member #73904
April 28, 2009
14903 Posts
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Posted: July 18, 2013, 10:28 pm - IP Logged

Is anyone really a fan of having politicians take over running the lotteries?  Have you seen their changes?  Pay out less prize money so profits will go up.  Not really the best marketing strategy.

Lots of folks do urge lotteries to give away one hundred $1 million prizes instead of a $100 million jackpot.  But then, those folks don't play for $1 million prizes.  That prize level doesn't gets many folks off the couch.  There are already games out there that offer prizes of that size.  There are people who  love those games, but they don't bring in the numbers of players that MM or PB can attract.

Does anyone know that PB already agrees that there should be more winners of $1 million and $2 million?  Does anyone know that PB creates 400 to 500 millionaires every year in the New Powerball game?  Probably not.  Few folks care, unless they win that prize. 

In fact, if PB decided to award only $1 million prizes, the game would quickly collapse into a smaller game (the kind that now exist) and it would NOT be able to create the 400 to 500 millionaires each year.

The jackpot odds in these games are such that winning is a matter of fate; not a matter of "strategy".  You can "play" for other prizes at lower odds, but for the jackpot, you can only get in the game and wait to see if the Universe thinks it's your turn.  The new MM jackpot odds can be expected to drop one, maybe two winners, per year (going from about 12 jackpot hits per year into the 10 to 11 range (on average).

Thanks Chuck.

It's good to get the official word once in a while.

Wish you'd weigh in more often.

    RJOh's avatar - chipmunk
    mid-Ohio
    United States
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    March 24, 2001
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    Posted: July 19, 2013, 12:12 am - IP Logged

    If you pick your own numbers, I wonder how many bets will be on the bet slip?

    It's hard enough to pick your own on the current slips. Maybe 2 or 3 on a slip?

    Or maybe they want people to just play auto picks.

    As I remember the Ohio's Lot'O Play game had 100 numbers and the play slips had plenty of room for five play boards.  There shouldn't be a problem doing the same with 90 numbers.

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

      RedStang's avatar - tallman zps6gf4inoc.jpg
      NY
      United States
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      January 21, 2012
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      Posted: July 19, 2013, 1:16 am - IP Logged

      Now instead of odds like being stuck by lightning while being eaten by a bear, it's more like being struck by lightning while being eat by a bear while in the middle of Death Valley when it is raining!

      Beaver Yea, or eaten by a Polar bear in Death Valley during a snowstorm.

        realtorjim's avatar - images q=tbn:ANd9GcT7U3t20NgScoPlxOqLT6TR0vQeJNBV3_tTswe1XeFDTsdw3NLZ

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        February 27, 2011
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        Posted: July 19, 2013, 9:49 am - IP Logged

        Beaver Yea, or eaten by a Polar bear in Death Valley during a snowstorm.

        Despite these unrealistic odds, when the jackpot equals the national debt because no one has hit it, and then I DO, I am going to continue to work!  Life will not change because of having 16 trillion dollars. oh, and also I'll go to Disney... and get a new car... house, can't forget a new house.  I like those infinity pools, but think it needs to be on an ocean front... I always wanted to be a world wide traveler... I might cut down work to 6 hours a day.  Did I mention buying gold.  I should buy a few hundred million worth of gold coins... Did I mention buying a RV?  Heck why not splurge a little on one of those triple expanding double-deckers, I think they are around 5000 square feet or so.  Yep, I will still be me, you can count on that.  I can still get a lot done working 4 hours a day.  It's probably all I really work anyway.  Maybe I'll buy the block around my workplace and setup a helipad so I can fly-in by helicopter every morning.  Just for the sake of avoiding traffic, you know.  It shouldn't really be much of an inconvenience considering I will only be there 2 hours a day anyway...

        Jack-in-the-Box

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          Keokuk,Iowa
          United States
          Member #116504
          September 12, 2011
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          Posted: July 19, 2013, 10:37 am - IP Logged

          Despite these unrealistic odds, when the jackpot equals the national debt because no one has hit it, and then I DO, I am going to continue to work!  Life will not change because of having 16 trillion dollars. oh, and also I'll go to Disney... and get a new car... house, can't forget a new house.  I like those infinity pools, but think it needs to be on an ocean front... I always wanted to be a world wide traveler... I might cut down work to 6 hours a day.  Did I mention buying gold.  I should buy a few hundred million worth of gold coins... Did I mention buying a RV?  Heck why not splurge a little on one of those triple expanding double-deckers, I think they are around 5000 square feet or so.  Yep, I will still be me, you can count on that.  I can still get a lot done working 4 hours a day.  It's probably all I really work anyway.  Maybe I'll buy the block around my workplace and setup a helipad so I can fly-in by helicopter every morning.  Just for the sake of avoiding traffic, you know.  It shouldn't really be much of an inconvenience considering I will only be there 2 hours a day anyway...

          Jack-in-the-Box

          Sounds like a plan....except for that nonsense about working.

            RJOh's avatar - chipmunk
            mid-Ohio
            United States
            Member #9
            March 24, 2001
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            Posted: July 19, 2013, 11:58 am - IP Logged

            Despite these unrealistic odds, when the jackpot equals the national debt because no one has hit it, and then I DO, I am going to continue to work!  Life will not change because of having 16 trillion dollars. oh, and also I'll go to Disney... and get a new car... house, can't forget a new house.  I like those infinity pools, but think it needs to be on an ocean front... I always wanted to be a world wide traveler... I might cut down work to 6 hours a day.  Did I mention buying gold.  I should buy a few hundred million worth of gold coins... Did I mention buying a RV?  Heck why not splurge a little on one of those triple expanding double-deckers, I think they are around 5000 square feet or so.  Yep, I will still be me, you can count on that.  I can still get a lot done working 4 hours a day.  It's probably all I really work anyway.  Maybe I'll buy the block around my workplace and setup a helipad so I can fly-in by helicopter every morning.  Just for the sake of avoiding traffic, you know.  It shouldn't really be much of an inconvenience considering I will only be there 2 hours a day anyway...

            Jack-in-the-Box

            Inspite of the higher odds I don't expect many jackpots of a billion dollars or more.  With its $1 price for one line the new matrix will attract players who would pay $1 for a chance in a pick5 game with a jackpot of $100K and players who don't want to pay $2 for a chance to win a multi-million dollars jackpot which should help it exceed the sales amounts of PB.

            If there are many billion dollars plus jackpots, look for MM to do what PB did when it thought a half billion dollar jackpot was large and establish a cap that distributes a potion of such large jackpots to all the top winners. 

            This 5/75+1/15 format is something new and it's hard to tell what will happen.

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

              Littleoldlady's avatar - basket
              Clarksville
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              July 15, 2002
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              Posted: July 19, 2013, 12:24 pm - IP Logged

              I don't care what they do.  When you buy a ticket, you are just buying a chance at a dream.  If the price stays the same, I will keep playing it.  Maybe if the price changes to 3$ a ticket for the megaplier, I will play every now and then.   I don't play PB anymore.  I did an experiment and got burnt pretty good.   I bought 100 PB tickets with the bonus and won basically nothing.  I did this three times in a row when the jackpot was really big.  Got three numbers 1 time.  Now I just play MM  one or two lines for at least 2 draws.  Happier with that.

              If you know your number is going to hit, have patience and then KILL IT!

              You never know when you will get another hit.

                stunna6036's avatar - Lottery-033.jpg
                chicago,il
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                April 11, 2013
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                Posted: July 19, 2013, 2:22 pm - IP Logged

                I don't care what they do.  When you buy a ticket, you are just buying a chance at a dream.  If the price stays the same, I will keep playing it.  Maybe if the price changes to 3$ a ticket for the megaplier, I will play every now and then.   I don't play PB anymore.  I did an experiment and got burnt pretty good.   I bought 100 PB tickets with the bonus and won basically nothing.  I did this three times in a row when the jackpot was really big.  Got three numbers 1 time.  Now I just play MM  one or two lines for at least 2 draws.  Happier with that.

                I just wish they stop watering down the games while trying to entice people to spend more money with more opportunities to win money(added dollar options).  Its nice to dream big every once and a while I agree. But these games will always be unrealistic to win.

                  maringoman's avatar - images q=tbn:ANd9GcTbRxpKQmOfcCoUqF2FyqIOAwDo7rg9G-lfJLAALPGWJWwiz19eRw
                  Massachusetts
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                  Posted: July 19, 2013, 2:25 pm - IP Logged

                  I don't care what they do.  When you buy a ticket, you are just buying a chance at a dream.  If the price stays the same, I will keep playing it.  Maybe if the price changes to 3$ a ticket for the megaplier, I will play every now and then.   I don't play PB anymore.  I did an experiment and got burnt pretty good.   I bought 100 PB tickets with the bonus and won basically nothing.  I did this three times in a row when the jackpot was really big.  Got three numbers 1 time.  Now I just play MM  one or two lines for at least 2 draws.  Happier with that.

                  I bought 100 PB tickets with the bonus and won basically nothing.  I did this three times in a row when the jackpot was really big.  Got three numbers 1 time.

                  So you spent $900 for the three drawings? wow. God bless you Littleoldlady. I am a little curious though. Did you wheel your numbers or did you have a self picked set of numbers or did you do quickpicks? thanks. 

                  I personally play one or two lines with powerplay and for advanced drawings.

                  That money's gone fo ever

                    RJOh's avatar - chipmunk
                    mid-Ohio
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                    Posted: July 19, 2013, 3:09 pm - IP Logged

                    I don't care what they do.  When you buy a ticket, you are just buying a chance at a dream.  If the price stays the same, I will keep playing it.  Maybe if the price changes to 3$ a ticket for the megaplier, I will play every now and then.   I don't play PB anymore.  I did an experiment and got burnt pretty good.   I bought 100 PB tickets with the bonus and won basically nothing.  I did this three times in a row when the jackpot was really big.  Got three numbers 1 time.  Now I just play MM  one or two lines for at least 2 draws.  Happier with that.

                    I've tried that experiment on paper many times and never lost a cent.  What made you think doing it for real would have profitable outcome?  On paper I usually got back about 10% of what it would have cost.

                    As a premium member you could have posted fifty lines on the prediction board for every drawing leading up to the big jackpot and had a pretty good respresentation what would happen in the real world.

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


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                      Posted: July 19, 2013, 3:12 pm - IP Logged

                      Littleoldlady said: "I don't play PB anymore.  I did an experiment and got burnt pretty good.   I bought 100 PB tickets with the bonus and won basically nothing.  I did this three times in a row when the jackpot was really big.  Got three numbers 1 time."

                      omg. ouch. Herein lies the reason why we seldom played the multistate games - the longshot odds of winning.

                      Reminds us of our neighbor's son who works as a trainer for a professional sports team.  A team player recently spent $10K on quick picks for a multistate lotto game with an enormous jackpot.  He won less than $200.  Nobody won the jackpot, so the jackpot ballooned for the next drawing.  Then the player spent $15K for quick picks for the next drawing and he won less than $100.

                        Think's avatar - lightbulb
                        Marquette, MI
                        United States
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                        August 20, 2005
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                        Posted: July 19, 2013, 9:41 pm - IP Logged

                        There are, of course, several ways to play the new matrix.

                        My method is to take out the multiplier.  I am sure that I am not the only one who thought of this.

                        For the current game that will cost you $44 for  true 3.8 million to one odds at the jackpot ($46 less the $2 rebate)

                        For the new game that is $14 for true 18 million to one odds ($15 less the $1 rebate)

                        This, of course means that I will have to be more disciplined and wait for the high Jackpots that this game is designed for.  Probably other people will do this too.  You just have to put aside a dollar a draw until the jackpot is up to the level you are shooting for.  With this game, that should be pretty high.

                        Beats playing $66 ($70-$4) for a full Powerball ticket at 5 million to 1 odds

                          RJOh's avatar - chipmunk
                          mid-Ohio
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                          Posted: July 19, 2013, 9:59 pm - IP Logged

                          I just wish they stop watering down the games while trying to entice people to spend more money with more opportunities to win money(added dollar options).  Its nice to dream big every once and a while I agree. But these games will always be unrealistic to win.

                          The states are really trying to entice people to play the local games, MM and PB are there just to peak their interest.

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

                            maringoman's avatar - images q=tbn:ANd9GcTbRxpKQmOfcCoUqF2FyqIOAwDo7rg9G-lfJLAALPGWJWwiz19eRw
                            Massachusetts
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                            Posted: July 20, 2013, 12:28 am - IP Logged

                            Come on now, you really never expected to recoup your loses with out winning a jackpot, did you?  You can still win a jackpot with the new matrix while losing less per play. Thumbs Up

                            I just wish they would not change the games. They are already making huge profits as it is.

                            That money's gone fo ever

                              RedStang's avatar - tallman zps6gf4inoc.jpg
                              NY
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                              Posted: July 20, 2013, 1:06 am - IP Logged

                              They say it's gonna get "Better".  Is that better for them or us.