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$550 MILLION: Mega Millions holiday bonanza!

Topic closed. 220 replies. Last post 3 years ago by Viking Orayk.

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Portland, OR
United States
Member #145973
August 20, 2013
226 Posts
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Posted: December 14, 2013, 10:55 am - IP Logged

Did you play or are going to play, Cupcake10?

"Understand... people are more complicated than the masks they wear in society... everyone is playing to win, and some people will use moral justifications to advance their side"

                                                                                                                                                          Robert Greene

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    Endless Mountains Pennsylvania
    United States
    Member #149903
    December 11, 2013
    202 Posts
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    Posted: December 14, 2013, 10:57 am - IP Logged

    2+pb = I'm still flushing money down the toilet.

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      New Member
      austin, tx
      United States
      Member #150013
      December 14, 2013
      8 Posts
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      Posted: December 14, 2013, 10:58 am - IP Logged

      I believe that the original poster was right, but explained him/herself wrong.

      I was about to make the same comment.

      The whole thing started with the Powerball rule change some time ago. I am sure you realized too that the PB Jackpot have risen faster and higher because of the higher cost and the worse odds of the new system.

      I think the Megamillions franchise wanted to address this issue changing the odds from 175million : 1 to 250million : 1. This would result less frequent Jackpot hits and higher Jackpot payout. The higher Jackpot values would generate more playslips. The fact that cost of a MM ticket remained $1 also helps to get more people involved in MM rather than PB:)

      BUT - and I believe this is going to be a big mistake - the odds are so bad now, that it cause jackpot payouts to rise to the extremes.

      How would you manage two or three jackpots a year, each of them around $800-900 million (and a coulpe of more with much less winnings)? Just look at this weeks number, the jackpot jumped $100 million between two drawings! Imagine that there will be no winners in the next 2-3 weeks!

        Todd's avatar - Cylon 2.gif
        Chief Bottle Washer
        New Jersey
        United States
        Member #1
        May 31, 2000
        23267 Posts
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        Posted: December 14, 2013, 11:01 am - IP Logged

        I believe that the original poster was right, but explained him/herself wrong.

        I was about to make the same comment.

        The whole thing started with the Powerball rule change some time ago. I am sure you realized too that the PB Jackpot have risen faster and higher because of the higher cost and the worse odds of the new system.

        I think the Megamillions franchise wanted to address this issue changing the odds from 175million : 1 to 250million : 1. This would result less frequent Jackpot hits and higher Jackpot payout. The higher Jackpot values would generate more playslips. The fact that cost of a MM ticket remained $1 also helps to get more people involved in MM rather than PB:)

        BUT - and I believe this is going to be a big mistake - the odds are so bad now, that it cause jackpot payouts to rise to the extremes.

        How would you manage two or three jackpots a year, each of them around $800-900 million (and a coulpe of more with much less winnings)? Just look at this weeks number, the jackpot jumped $100 million between two drawings! Imagine that there will be no winners in the next 2-3 weeks!

        The whole point of Mega Millions and Powerball is to create big jackpots.  If you want to play for smaller jackpots, nearly every state has other in-state games offering smaller jackpots.

        If I win an $800 million jackpot, I think I'll somehow manage it.  It's a tough job, but someone has to do it.

        BTW, it was lucky that nobody won the jackpot Friday, because with nine 5+0 winners, the odds were better that someone would hit.

         

        Check the State Lottery Report Card
        What grade did your lottery earn?

         

        Sign the Petition for True Lottery Drawings
        Help eliminate computerized drawings!

          dpoly1's avatar - driver
          PA
          United States
          Member #66141
          October 16, 2008
          1672 Posts
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          Posted: December 14, 2013, 11:05 am - IP Logged

          The whole point of Mega Millions and Powerball is to create big jackpots.  If you want to play for smaller jackpots, nearly every state has other in-state games offering smaller jackpots.

          If I win an $800 million jackpot, I think I'll somehow manage it.  It's a tough job, but someone has to do it.

          BTW, it was lucky that nobody won the jackpot Friday, because with nine 5+0 winners, the odds were better that someone would hit.

          I Agree!

          I Am with you Todd Vader!

          1 ticket, 1 Winner!

          dpoly1 - Playing the lottery to save the jobs of those that build, transport, sell & maintain luxury items! -

           

          Eschew Poverty ........... Vote Conservative!

            hearsetrax's avatar - 0118

            United States
            Member #52345
            May 21, 2007
            2659 Posts
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            Posted: December 14, 2013, 11:07 am - IP Logged

            I Agree!

            I Am with you Todd Vader!

            1 ticket, 1 Winner!

            and may the almighty have mercy on the one poor soul that gets that lucky

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              United States
              Member #122324
              January 29, 2012
              69 Posts
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              Posted: December 14, 2013, 11:09 am - IP Logged

              I don't think it's as bad as advertised.   Outside of possible pressure from friends and family it's easy to say no to the rest.    Maybe you have to be that person to understand but there's plenty of people who have won big jackpots and never been heard from again.

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                New Member
                austin, tx
                United States
                Member #150013
                December 14, 2013
                8 Posts
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                Posted: December 14, 2013, 11:14 am - IP Logged

                Todd, you are right: if you are the player, the higher the jackpot, the better you feelWink

                But now you have a LOT LESS change to win a LITTLE MORE* money.

                Which one is the better: 20 winners taking home $300mill or 5 winners with $8-900millions?

                Also this whole competition between PB and MM is escalating in front of our eyes: we pay more for the game and it's less likely that we (anyone) would hit the jackpot.

                When I wrote 'how do you manage...', I meant how do the two franchises manage that they pay out nearly a billion dollar to the avarage joe (like me)

                Don't get me wrong, I still play both games (just buying fewer PB tickets per week).

                 

                *couple o' hundred mill's more Big Smile

                  Todd's avatar - Cylon 2.gif
                  Chief Bottle Washer
                  New Jersey
                  United States
                  Member #1
                  May 31, 2000
                  23267 Posts
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                  Posted: December 14, 2013, 11:22 am - IP Logged

                  Todd, you are right: if you are the player, the higher the jackpot, the better you feelWink

                  But now you have a LOT LESS change to win a LITTLE MORE* money.

                  Which one is the better: 20 winners taking home $300mill or 5 winners with $8-900millions?

                  Also this whole competition between PB and MM is escalating in front of our eyes: we pay more for the game and it's less likely that we (anyone) would hit the jackpot.

                  When I wrote 'how do you manage...', I meant how do the two franchises manage that they pay out nearly a billion dollar to the avarage joe (like me)

                  Don't get me wrong, I still play both games (just buying fewer PB tickets per week).

                   

                  *couple o' hundred mill's more Big Smile

                  Answer:  It's better to have fewer winners take home bigger jackpots. 

                  Why?  Because if the game was structured so that 30 people split the jackpot, then the jackpot would NEVER grow to a large size because the game would be too easy to win.  Then Mega Millions would fail, and we would not even be having this discussion.

                  It is large jackpots that draw huge numbers of people to play.  People don't line up around the block for a chance to win a million or so.  There are a ton of games that offer million-dollar prizes.  Play a raffle, they are perfect for that kind of thing.

                   

                  Check the State Lottery Report Card
                  What grade did your lottery earn?

                   

                  Sign the Petition for True Lottery Drawings
                  Help eliminate computerized drawings!

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                    New Member
                    austin, tx
                    United States
                    Member #150013
                    December 14, 2013
                    8 Posts
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                    Posted: December 14, 2013, 11:37 am - IP Logged

                    Todd:

                    I don't play raffle, OK!? 'Cause I love me my millions! Hunderds of millions.

                    (what i tried to say -  and this is just one way to look at it - i would give up the 800 hunder million jackpot that I most likely will never win to take home 300 million dollars that I more likey to get. all of this is theoretical, the chances are so low that I won't win in any of the cases. But I am still buying the tickets. Twice a week, every week. Even if it is for 'only' $40 millions. Do I sound desperateSmile ?)

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                      United States
                      Member #124814
                      March 20, 2012
                      219 Posts
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                      Posted: December 14, 2013, 11:42 am - IP Logged

                      9 people won the 5+0....9!

                      With only 15 mega balls, that is surprising that none of those won the jackpot. Even more surprisong is the fact that 9 people beat 1/18m odds on a single draw.

                        Jill34786's avatar - Lottery-006.jpg
                        Windermere, FL/Franklin, TN
                        United States
                        Member #50210
                        March 1, 2007
                        843 Posts
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                        Posted: December 14, 2013, 11:48 am - IP Logged

                        Todd:

                        I don't play raffle, OK!? 'Cause I love me my millions! Hunderds of millions.

                        (what i tried to say -  and this is just one way to look at it - i would give up the 800 hunder million jackpot that I most likely will never win to take home 300 million dollars that I more likey to get. all of this is theoretical, the chances are so low that I won't win in any of the cases. But I am still buying the tickets. Twice a week, every week. Even if it is for 'only' $40 millions. Do I sound desperateSmile ?)

                        Giving up a $800 million jackpot in order to take home $300 million is wishful thinking. The cash value of an $800 million annuity is roughly $429 million. Factor in just the portion of total Federal taxes that would be owed and your net payout would be $259 million. State taxes would make yet an even bigger dent on the overall take home amount.

                        ** Some people fulfill their dreams by receiving entitlements from the Government while others wake up and work hard for it! **

                          LottoMetro's avatar - Lottery-024.jpg
                          Happyland
                          United States
                          Member #146344
                          September 1, 2013
                          1129 Posts
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                          Posted: December 14, 2013, 11:51 am - IP Logged

                          9 people won the 5+0....9!

                          With only 15 mega balls, that is surprising that none of those won the jackpot. Even more surprisong is the fact that 9 people beat 1/18m odds on a single draw.

                          The fact that there were 9 second prize winners is actually within reason.

                          18,492,204 * 9 = 166,429,836

                          Last night's sales were 167,868,489

                          Also, going by single draw coverage only, there was less than 50% chance of there being a jackpot winner. Next draw might be a different story.

                          If the chances of winning the jackpot are so slim, why play when the jackpot is so small? Your chances never change, but the potential payoff does.
                          If a crystal ball showed you the future of the rest of your life, and in that future you will never win a jackpot, would you still play?

                          2016: -48.28% (13 tickets) ||
                          P&L % = Total Win($)/Total Wager($) - 1


                            United States
                            Member #106134
                            February 13, 2011
                            806 Posts
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                            Posted: December 14, 2013, 11:51 am - IP Logged

                            I'm happy that Colorado had a 5+0 winner!  Another landlocked state that usually never wins anything.

                              mypiemaster's avatar - 2015021003pileofcash
                              JACKPOT HUNTER

                              United States
                              Member #141034
                              April 2, 2013
                              1408 Posts
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                              Posted: December 14, 2013, 12:04 pm - IP Logged

                              I believe that the original poster was right, but explained him/herself wrong.

                              I was about to make the same comment.

                              The whole thing started with the Powerball rule change some time ago. I am sure you realized too that the PB Jackpot have risen faster and higher because of the higher cost and the worse odds of the new system.

                              I think the Megamillions franchise wanted to address this issue changing the odds from 175million : 1 to 250million : 1. This would result less frequent Jackpot hits and higher Jackpot payout. The higher Jackpot values would generate more playslips. The fact that cost of a MM ticket remained $1 also helps to get more people involved in MM rather than PB:)

                              BUT - and I believe this is going to be a big mistake - the odds are so bad now, that it cause jackpot payouts to rise to the extremes.

                              How would you manage two or three jackpots a year, each of them around $800-900 million (and a coulpe of more with much less winnings)? Just look at this weeks number, the jackpot jumped $100 million between two drawings! Imagine that there will be no winners in the next 2-3 weeks!

                              GuitarBoo Hoo bubu, this is no time for picnic baskets. We want extreme jackpots. The more extreme the better, that's why we play. Better to have one person win $800-900M JACKPOT, than to have it split several ways. It's getting sweeter. Keep rolling baby, till we make it to $1billy. Hallelujah!!! Drum

                              Seek and ye shall find -Matt. 7:7 ...Ask and ye shall receive -John 16:24 ...Give and it shall be given unto you -Luke 6:38 ...Be careful what you ask for!!! -Mypiemaster 1:1

                              Having Money Solves Problems That Not Having Money Creates Yes Nod ****John Carlton****

                                 
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