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New multi-state lottery game launches Sunday

Topic closed. 131 replies. Last post 2 years ago by Tami333.

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NEW YORK
United States
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April 29, 2010
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Posted: October 21, 2014, 12:40 pm - IP Logged

No cries whatsoever. Lottery is sold to adults so it's assumed they know what they're doing. My comment was meant to remind admin to update his report on lottery report card.

As far as lottery addiction I think it's a good thing because income taxes and sales taxes would be sky high if the lottery revenues in their billions didn't exist.

Did you buy a Monopoly Millionaires's Club $5 Ticket? I donated $5 to it; I hope that they spend it on kids education like the lottery promised.

Patriot

    veganlife125's avatar - Lottery-061.jpg

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    Posted: October 21, 2014, 12:47 pm - IP Logged

    "We've heard for years, 'Why should one person win $100 million?  Why don't 100 people win $1 million a piece?'  So that's exactly what we're creating,"  Hargrove said.

    The reason that won't happen is because you can't fund it.

    "Many times when we do research people ask us, 'why not give away a lot of million dollar prizes?"  Rich said.  "And i think that's where this game began."

    Mega Millions & Powerball already gives away alot of million dollar prizes each year.  In fact most draws have million dollar winners with no jackpot winner.  It's the majority of people playing that are after the jackpot that fund the million dollar winners.

    The 414 MegaMillions jackpot that ran from December 20th, 2013 till March 18th, 2014 funded 50 million dollar winners.  That's 50 million dollar winners in 3 months!  Many won more because of the multiplier.  You figure Powerball does about the same so we are talking 300 to 400 million dollar winners each year combined.  Whats the problem?  Some envious people worried about a lucky few collecting a 9 figure check?  This kind of rhetoric works when your asking for a vote but not when asking for $5 haha! Big Grin

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

      maringoman's avatar - images q=tbn:ANd9GcTbRxpKQmOfcCoUqF2FyqIOAwDo7rg9G-lfJLAALPGWJWwiz19eRw
      Massachusetts
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      Posted: October 21, 2014, 1:35 pm - IP Logged

      Did you buy a Monopoly Millionaires's Club $5 Ticket? I donated $5 to it; I hope that they spend it on kids education like the lottery promised.

      Patriot

      I'm not getting a ticket because MA is not in it. If I happened to be in a state that carries the game then I could buy one ticket to satisfy my curiosity. The game costs too much and worst of all is that it's computerized. Good luck sir. Thumbs Up

      That money's gone fo ever

        RJOh's avatar - chipmunk
        mid-Ohio
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        Posted: October 21, 2014, 4:03 pm - IP Logged

        I'm not getting a ticket because MA is not in it. If I happened to be in a state that carries the game then I could buy one ticket to satisfy my curiosity. The game costs too much and worst of all is that it's computerized. Good luck sir. Thumbs Up

        Same here in Ohio but my curiosity will be satisfied by reading what happened in the other states that have it.  I'll be surprised if this game is still around a year from now.

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

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          New York
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          Posted: October 21, 2014, 5:18 pm - IP Logged

          Because I'm dense I need clarification. If no one wins the top prize, then no one wins the $1,000,000 prizes. Is this accurate? If yes, there could conceivably be many drawings with no winners at all? How does this create more winners? Am I missing something?

            LottoMetro's avatar - Lottery-024.jpg
            Happyland
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            September 1, 2013
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            Posted: October 21, 2014, 6:04 pm - IP Logged

            Because I'm dense I need clarification. If no one wins the top prize, then no one wins the $1,000,000 prizes. Is this accurate? If yes, there could conceivably be many drawings with no winners at all? How does this create more winners? Am I missing something?

            Correct.

            This creates more winners because the number of available $1 million prizes increases every draw there isn't a top prize winner. It's just like rolling jackpots except with $1 million prizes. Once the top prize hits the cap ($25 million), all new funds in the jackpot pool go to additional prizes. Conceivably, the more drawings that roll, the more millionaires, which means a cold cycle could result in over 100 millionaires being created in a single drawing. These are guaranteed prizes.

            The game is indeed complex and somewhat confusing even for savvy players and I think this could possibly hurt it in the short-term. It also gives new meaning to "you have to be in it to win it." Lower prizes aside, your $5 is only worthwhile if the drawing has a top prize winner(s).

            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

              Teddi's avatar - Lottery-008.jpg

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              Posted: October 21, 2014, 11:55 pm - IP Logged

              Correct.

              This creates more winners because the number of available $1 million prizes increases every draw there isn't a top prize winner. It's just like rolling jackpots except with $1 million prizes. Once the top prize hits the cap ($25 million), all new funds in the jackpot pool go to additional prizes. Conceivably, the more drawings that roll, the more millionaires, which means a cold cycle could result in over 100 millionaires being created in a single drawing. These are guaranteed prizes.

              The game is indeed complex and somewhat confusing even for savvy players and I think this could possibly hurt it in the short-term. It also gives new meaning to "you have to be in it to win it." Lower prizes aside, your $5 is only worthwhile if the drawing has a top prize winner(s).

              I feel like I'm dense too. If they're going to rollover the number of million dollar winners anyway, why wait until there's a jackpot winner? If a person matches the numbers, just give them that money. You're spending $5 on a ticket which has zero chance of winning unless someone claims the jackpot? 

              For that matter, if the only point is to create more small millionaires, why even have a jackpot? Or why have it as high as $25million? That's higher than the starting jackpot for Mega Millions.

              Well two good things about this game: 1. all those whiners can't complain about a multi-state game only catering to a small number of people winning huge amounts of money. 2. So many new millionaires will give E! a chance to come with new episodes of 'Curse of the Lottery'. They'll be a lot more lawsuits and a lot more stories about people blowing all their winnings. Can't wait.

                Gambler4Life's avatar - Lottery-011.jpg
                Texas
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                Posted: October 22, 2014, 12:30 am - IP Logged

                Got my ticket yesterday. Feeling like dice in a gambler's hand--LUCKY!

                  Gambler4Life's avatar - Lottery-011.jpg
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                  Posted: October 22, 2014, 12:34 am - IP Logged

                  Likewise.

                    Gambler4Life's avatar - Lottery-011.jpg
                    Texas
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                    Posted: October 22, 2014, 12:42 am - IP Logged

                    Thankfully, there are no state taxes in Texas!

                      Gambler4Life's avatar - Lottery-011.jpg
                      Texas
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                      Posted: October 22, 2014, 12:44 am - IP Logged

                      I'm in Texas & my property is B&O, too.

                        Gambler4Life's avatar - Lottery-011.jpg
                        Texas
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                        Posted: October 22, 2014, 12:51 am - IP Logged

                        When in doubt--gamble.

                          LottoMetro's avatar - Lottery-024.jpg
                          Happyland
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                          Posted: October 22, 2014, 12:55 am - IP Logged

                          I feel like I'm dense too. If they're going to rollover the number of million dollar winners anyway, why wait until there's a jackpot winner? If a person matches the numbers, just give them that money. You're spending $5 on a ticket which has zero chance of winning unless someone claims the jackpot? 

                          For that matter, if the only point is to create more small millionaires, why even have a jackpot? Or why have it as high as $25million? That's higher than the starting jackpot for Mega Millions.

                          Well two good things about this game: 1. all those whiners can't complain about a multi-state game only catering to a small number of people winning huge amounts of money. 2. So many new millionaires will give E! a chance to come with new episodes of 'Curse of the Lottery'. They'll be a lot more lawsuits and a lot more stories about people blowing all their winnings. Can't wait.

                          The difference is that you don't have to match any numbers to win the $1 million prizes. All the tickets are basically thrown together and they choose X number of winners from them. So unlike PB/MM, where you may or may not have second prize winners, these ones are guaranteed.

                          Your concerns have been echoed before. I don't see the point of having a jackpot either but obviously it serves as a trigger for the million dollar prizes. I also don't see why they couldn't have just tweaked the structure(s) for PB or MM to have the same millionaire feature. My suspicion is that they just wanted to use the opportunity to leap into the realm of $5 draw tickets, which have a higher profit margin. I predict that in 5 years we will have a $10 ticket too.

                          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

                            Gambler4Life's avatar - Lottery-011.jpg
                            Texas
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                            January 18, 2014
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                            Posted: October 22, 2014, 12:55 am - IP Logged

                            Good luck!! When in doubt, gamble.

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                              NY
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                              Posted: October 22, 2014, 1:29 am - IP Logged

                              Played two games on one play-slip and the raffle numbers were four apart. Guess their selling a bunch of tics. Entered 1 ticket and won 16 entries including all 4 RRs. Surprised you can't play the game separately.