Welcome Guest
Log In | Register )
You last visited December 3, 2016, 4:32 am
All times shown are
Eastern Time (GMT-5:00)

States pull the plug on Monopoly Millionaires' Club

Topic closed. 163 replies. Last post 2 years ago by Stack47.

Page 8 of 11
51
PrintE-mailLink
Avatar
Wyomissing, PA
United States
Member #161050
November 15, 2014
301 Posts
Offline
Posted: December 14, 2014, 10:55 am - IP Logged

the website deadline to enter codes is Jan 6

That's the deadline for the second drawing. There were over 250 winners selected for the first Vegas tv show trip drawing. Could be a lot of upset winners when the show doesn't happen, or is abbreviated, or is a farce with the chance of winning anything meaningful slim to none.

In my view, MMC should give all 250+ winners of the first draw the option of taking the Vegas trip -or- cash in lieu of, plus $10,000 cash each. And hold a raffle choosing a $1 million dollar winner out of the group. May not make every winner happy, but likely a far better outcome for them verses the show going on as planned - many will win little to nothing extra; most won't even get on the show anyways.

Upsetting 250+ Vegas trip winners is negative PR that won't go away easily. Be interesting to see if MMC lottery officials do the right thing, or cheap out and screw those winners ... ie. by requiring them to attend a lame duck show and/or giving them little for their efforts.

    RedStang's avatar - tallman zps6gf4inoc.jpg
    NY
    United States
    Member #121961
    January 21, 2012
    3157 Posts
    Offline
    Posted: December 14, 2014, 11:21 am - IP Logged

    USA lottery is not taking care of draw games players, because people are addicted to buying $5, $10, $20, $30 and $50 Instant Scratch Off Games on a daily basis.

     

    I am not a fan of Instant Scratch Off Games.

    Idea  With the new touch screens they should sell scratch offs online and you can scratch them right on the screen.

      Think's avatar - lightbulb
      Marquette, MI
      United States
      Member #20541
      August 20, 2005
      705 Posts
      Offline
      Posted: December 14, 2014, 12:57 pm - IP Logged

      The Cap should have been set at $100,000,000 Cash and the raffle draws should have been once per month with all the tickets purchased that month good for that months draw.

      The raffle prizes should have been $2,000,000 cash so most winners would walk away with a million after taxes.

      The extra money after the cap should have gone to lower tier prizes.

        Gleno's avatar - Lottery-001.jpg
        New Jersey
        United States
        Member #80354
        September 25, 2009
        705 Posts
        Offline
        Posted: December 14, 2014, 1:01 pm - IP Logged

        The news of this game has generated lots of comments. Shows that LP members are very thoughtful and wise to this voluntary tax system which attracts many who can least afford to play except on an occasional basis.

        Coffee

          Freedom777's avatar - Lottery-031.jpg
          Virginia
          United States
          Member #133410
          September 29, 2012
          162 Posts
          Offline
          Posted: December 14, 2014, 1:52 pm - IP Logged

          The states always think they know better then us common unwashed masses. If a private business instead of the government was going to develop a new game, they would have had many focus groups and would have a lot of feedback from the people they needed to play. The MSL just figured that the monopoly brand would get people playing regardless, but they thought wrong.

          You are so right; focus groups would have helped. The game was slated to start in Virginia in 2015.

          I decided that I wasn't going to play given the cost of $5. Also, I didn't want to learn how to play it.  Just didn't care enough to do so...

          Games should be simple; people have busy lives.

          $$ provides more freedom, options and choices.

            Uluska's avatar - strawberry

            United States
            Member #134627
            November 2, 2012
            1001 Posts
            Offline
            Posted: December 14, 2014, 4:33 pm - IP Logged

            The game disappointed from beginning because conditions were confusing to say the least while odds were higher than in other big lottery games.

              Avatar
              boston,ma
              United States
              Member #150102
              December 15, 2013
              112 Posts
              Offline
              Posted: December 14, 2014, 5:10 pm - IP Logged

              The Cap should have been set at $100,000,000 Cash and the raffle draws should have been once per month with all the tickets purchased that month good for that months draw.

              The raffle prizes should have been $2,000,000 cash so most winners would walk away with a million after taxes.

              The extra money after the cap should have gone to lower tier prizes.

              I agree with this plan. It seems very feasible.

                emerald64's avatar - 8ball
                suffolk county, Long Island, NY
                United States
                Member #56449
                November 19, 2007
                1508 Posts
                Offline
                Posted: December 14, 2014, 7:35 pm - IP Logged

                ... first of all whos got 5/bucks a shot !? ..game is too expensive ..bad enough they raised the price on a single power-ball ticket..then came out with a 2/dollar 'cash for life' ...   I didnt think this 5/dollar 'monopoly was gonna last....so not surprised.

                  Avatar
                  Albuquerque
                  United States
                  Member #128941
                  June 5, 2012
                  19 Posts
                  Offline
                  Posted: December 14, 2014, 10:36 pm - IP Logged

                  So they created a game for the tards that say "Why don't they just give 1 million dollars to 300 people, nobody needs $300 million". I guess they didn't know the people that say that don't really play the lottery that much and they <snip> sure don't buy 5 dollar tickets when they do.

                  This post has been automatically changed by the Lottery Post computer system to remove inappropriate content and/or spam.

                    Avatar
                    NY
                    United States
                    Member #23835
                    October 16, 2005
                    3474 Posts
                    Offline
                    Posted: December 15, 2014, 3:35 am - IP Logged

                    that was my biggest gripe...why only have $1 million winners when someone DOES win? Makes more sense to have lower tier winners when nobody wins.  It's just depressing when you have an drawing and there's one one single winner.  There were no prizes below 1M and that was a big part of it too, for $5 was a lot of money for such a small amount of prizes.

                    "why only have $1 million winners when someone DOES win?"

                    Because the plan was to turn a profit for the states selling the tickets. Then some genius decided to complicate things by advertising the complete BS about possibly creating 100 millionaires at a time.

                    They have to have some way to control the number of $1 million winners. There are 3 ways to do that, but only  one way that also allows for the possibility of a lot of $1 million prizes. They could do it with odds specifically for that prize, they could do it by raffle, with the number of $1 million prizes based on ticket sales, or they could do it by raffle only when there's a jackpot winner. 

                    The first choice would work well in terms of profit, but would result in few winners unless sales were far, far greater than they were. The second choice would also work well for profit, but it would be embarrassing to not award any $1 million prizes if sales are too low for any given drawing. It also wouldn't produce  many winners for a single drawing.

                    Option 3 was the only choice that would almost certainly guarantee a profit (in the long run; they  just happened to lose the gamble in the short term when they had a jackpot winner with very few tickets sold) while still offering the chance to actually hand out a large number of $1 million prizes at once. The 1 in 73 million odds for the jackpot meant that as a long term average they would have only 1 jackpot winner for every 73 million tickets sold, and that would mean they'd collect about $365 million and have $219 million available for prizes.  That would adequately fund the jackpot, the guaranteed $1 million prizes, all of the lower tier prizes, and leave some excess for extra $1 million prizes.

                    "There were no prizes below 1M"

                    There were 9 other prize levels, ranging from $5 to $100,000. Of course those used a bunch of money, reducing the number of $1 million prizes that could be funded.

                      noahwill's avatar - Lottery-023.jpg
                      Melbourne
                      Australia
                      Member #160219
                      October 22, 2014
                      42 Posts
                      Offline
                      Posted: December 15, 2014, 4:45 am - IP Logged

                      Wow that was quick! How about the EuroMillions Millionaire Maker Raffle? They have a Mega Friday next week and 10 people will win £1 million each.

                        LottoMetro's avatar - Lottery-024.jpg
                        Happyland
                        United States
                        Member #146344
                        September 1, 2013
                        1129 Posts
                        Offline
                        Posted: December 15, 2014, 9:12 am - IP Logged

                        "why only have $1 million winners when someone DOES win?"

                        Because the plan was to turn a profit for the states selling the tickets. Then some genius decided to complicate things by advertising the complete BS about possibly creating 100 millionaires at a time.

                        They have to have some way to control the number of $1 million winners. There are 3 ways to do that, but only  one way that also allows for the possibility of a lot of $1 million prizes. They could do it with odds specifically for that prize, they could do it by raffle, with the number of $1 million prizes based on ticket sales, or they could do it by raffle only when there's a jackpot winner. 

                        The first choice would work well in terms of profit, but would result in few winners unless sales were far, far greater than they were. The second choice would also work well for profit, but it would be embarrassing to not award any $1 million prizes if sales are too low for any given drawing. It also wouldn't produce  many winners for a single drawing.

                        Option 3 was the only choice that would almost certainly guarantee a profit (in the long run; they  just happened to lose the gamble in the short term when they had a jackpot winner with very few tickets sold) while still offering the chance to actually hand out a large number of $1 million prizes at once. The 1 in 73 million odds for the jackpot meant that as a long term average they would have only 1 jackpot winner for every 73 million tickets sold, and that would mean they'd collect about $365 million and have $219 million available for prizes.  That would adequately fund the jackpot, the guaranteed $1 million prizes, all of the lower tier prizes, and leave some excess for extra $1 million prizes.

                        "There were no prizes below 1M"

                        There were 9 other prize levels, ranging from $5 to $100,000. Of course those used a bunch of money, reducing the number of $1 million prizes that could be funded.

                        Because the plan was to turn a profit for the states selling the tickets. Then some genius decided to complicate things by advertising the complete BS about possibly creating 100 millionaires at a time.

                        It would've worked too, had the sales been where they originally projected.  However, that would require players spending roughly the same amount they do for a $90-100 million Mega Millions jackpot. From the start. For a new $5 game. Talk about high expectations! It's only logical that introducing a higher price point means draw players spend less on that game, not more. Add some confusion in the mix and you've got a great candidate for 'lottery fail of the year'.

                        I honestly don't know how they are going to fix this (lips are still sealed) but I have a feeling it may involve the price point or the jackpot.

                        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

                          Avatar
                          Wyomissing, PA
                          United States
                          Member #161050
                          November 15, 2014
                          301 Posts
                          Offline
                          Posted: December 15, 2014, 12:40 pm - IP Logged

                          MMC is so deeply flawed. Sure, changing the price-point might work, if they raise it to say $50 per ticket (Texas already has $50 instant tickets, so it's not totally outrageous) -or- lowering the price to say $1 or $2, but raising the odds of a "top prize" hit to stratospheric levels, say 1 in a few billion!

                          I don't see how MMC can be fixed unless they formulate a totally different game, in which case, they might as well call it something else, since MMC is associated with failure and ripoff. In my view,  MMC is a dead turkey - lottery officials should move on, and never use the Monopoly name on any numbers game ever again.

                            Avatar

                            United States
                            Member #145267
                            August 1, 2013
                            1492 Posts
                            Offline
                            Posted: December 15, 2014, 1:06 pm - IP Logged

                            Do you think anybody is going to win before Dec. 26?

                              LottoMetro's avatar - Lottery-024.jpg
                              Happyland
                              United States
                              Member #146344
                              September 1, 2013
                              1129 Posts
                              Offline
                              Posted: December 15, 2014, 2:10 pm - IP Logged

                              Do you think anybody is going to win before Dec. 26?

                              Even if sales hover above last drawing, there will be less than 7% (closer to 6%) probability of winner(s) in the Dec. 26th drawing or any draw prior.

                              MUSL projects sales about $500K less than last draw for this coming Friday.

                              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

                                 
                                Page 8 of 11