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New multi-state lottery game launches Sunday

Topic closed. 131 replies. Last post 7 years ago by Tami333.

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THRIFTY's avatar - great seal_obverse.jpg
100
NEW YORK
United States
Member #90531
April 29, 2010
12642 Posts
Offline

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

    United States
    Member #142771
    May 18, 2013
    263 Posts
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    "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
      United States
      Member #37432
      April 14, 2006
      2747 Posts
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      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
        100
        mid-Ohio
        United States
        Member #9
        March 24, 2001
        20272 Posts
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        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 every combination, just the winning ones * 

        Thumbs Up       

          Avatar
          New York
          United States
          Member #103596
          January 4, 2011
          7412 Posts
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          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
            United States
            Member #146338
            September 1, 2013
            1175 Posts
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            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?

            P&L % = Total Win($)/Total Wager($) - 1

              Teddi's avatar - Lottery-008.jpg

              United States
              Member #142493
              May 13, 2013
              1394 Posts
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              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
                United States
                Member #151475
                January 18, 2014
                60 Posts
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                Got my ticket yesterday. Feeling like dice in a gambler's hand--LUCKY!

                  Gambler4Life's avatar - Lottery-011.jpg
                  Texas
                  United States
                  Member #151475
                  January 18, 2014
                  60 Posts
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                  Likewise.

                    Gambler4Life's avatar - Lottery-011.jpg
                    Texas
                    United States
                    Member #151475
                    January 18, 2014
                    60 Posts
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                    Thankfully, there are no state taxes in Texas!

                      Gambler4Life's avatar - Lottery-011.jpg
                      Texas
                      United States
                      Member #151475
                      January 18, 2014
                      60 Posts
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                      I'm in Texas & my property is B&O, too.

                        Gambler4Life's avatar - Lottery-011.jpg
                        Texas
                        United States
                        Member #151475
                        January 18, 2014
                        60 Posts
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                        When in doubt--gamble.

                          LottoMetro's avatar - Lottery-024.jpg
                          Happyland
                          United States
                          Member #146338
                          September 1, 2013
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                          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?

                          P&L % = Total Win($)/Total Wager($) - 1

                            Gambler4Life's avatar - Lottery-011.jpg
                            Texas
                            United States
                            Member #151475
                            January 18, 2014
                            60 Posts
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                            Good luck!! When in doubt, gamble.

                              RedStang's avatar - laughing chimp.gif
                              NY
                              United States
                              Member #121955
                              January 21, 2012
                              3169 Posts
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                              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.