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Powerball changing in October to generate bigger jackpots

PowerballPowerball: Powerball changing in October to generate bigger jackpots
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By Todd Northrop

The multi-state Powerball game will be changing in October, making it harder to win the jackpot, while at the same time making it easier to win a smaller prize.

With the state lotteries becoming reliant upon big multi-state jackpot games driving ticket sales, the long streak of Powerball jackpots being won before reaching historic levels has crimped state budgets.  The October changes are designed to fix that problem by forcing the jackpot to be won less often.

After the changes are enacted, the odds of winning the jackpot — which was a record $590.5 million in 2013 — will increase to 1 in 292,201,338, up from 1 in 175,223,510.

The odds of winning $4? That will improve from 1 in 111 to 1 in 92. The new rules will take effect with tickets purchased starting Oct. 4 for the Oct. 7 drawing.

"The rules change is intended to increase the odds of winning any prize, while making it more difficult to win the jackpot prize," the state Gaming Commission said in a memo to board members.

At its board meeting Monday, the state Gaming Commission approved the changes, saying the modifications will make the game more sustainable. The percentage of money that goes to the jackpot will drop from 68% to 64%, while the percentage going to smaller prizes will increase.

"The proposed rule is intended to increase the odds of winning any prize while decreasing the odds to win the jackpot," said Robert Williams, executive director of the state Gaming Commission.

The move is aimed at boosting jackpots as sales have slumped since 2013, the last huge payout. Overall, the chances of winning a prize will improve from about 1 in 32 to 1 in 25.

"Without these rules changes, the (Lottery) Division would need to remove the Powerball game from its portfolio of offerings and aid to education would be negatively affected," the Gaming Commission memo said.

In Powerball, players purchase tickets for $2 each, and on each ticket players select five numbers from one set and one number from a second set.

The rules change will increase the first set of numbers from 59 to 69, while decreasing the size of the second set of numbers from 35 to 26. The set prize amount for the third-level prize will increase from $10,000 to $50,000.

Powerball sales declined nationally by 19% last year because there was no huge jackpot. The same was true for the drop in Mega Millions sales, the other multi-state lottery, New York officials said.

In New York last year, Powerball sales plummeted 44%, a decline of $217 million.

In February, the state Gaming Commission said the fluctuations in the multi-state games have prompted the state to focus on games with more consistent jackpots.

New York's lottery is "focused on developing and promoting non-jackpot driven games to reduce future dependence on more mature jackpot games and multi-state jackpot games," the lottery said.

Last year, the state launched a Cash 4 Life draw game, which generated more than $100 million in sales in its first six months.

But the state has had some busts over the past year: It ended the New York-only Sweet Millions game because of poor sales and, along with 22 other state lotteries, dropped the multi-state Monopoly Millionaires' Club game after only two months.

Lottery Post Staff, Detroit Free Press

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96 comments. Last comment 1 year ago by haymaker.
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The Quantum Master
West Concord, MN
United States
Member #21
December 7, 2001
3675 Posts
Online
Posted: July 8, 2015, 10:39 am - IP Logged

Oooo, this is gonna be Great.

We get to test our Power Mega Balls with Three Sum Math on a new matrix.

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Any gain or loss is your responsibility.
Use at your own risk.

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Knowledge is Beyond Belief
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Jehocifer

    Avatar
    NEW YORK
    United States
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    April 29, 2010
    11979 Posts
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    Posted: July 8, 2015, 10:42 am - IP Logged

    0 IN 292,201,338 VERSUS 1 IN 292,201,338 TO WIN THE JACKPOT.

    "I play only to win the big jackpot, regardless of the odds. I only buy a ticket or two. There is not much difference between 1 or 100 in 292,201,338 but there is a huge difference between those odds and 0 in 292,201,338. In other words not much reason to buy several tickets, just one." RAY

    Size of the USA population is 300 Million.

    US Flag

    PLAY THE LOTTERY SOMEDAY-IT IS OKAY TO DREAM!

      ThatScaryChick's avatar - x1MqPuM
      Idaho
      United States
      Member #56506
      November 21, 2007
      6537 Posts
      Offline
      Posted: July 8, 2015, 10:47 am - IP Logged

      I didn't play much as it is and this doesn't really make me want to play more. I hope people get those big jackpots that they want though. Clown

      "No one remembers the person who almost climbed the mountain, only the person who eventually gets to the top."

        RedStang's avatar - tallman zps6gf4inoc.jpg
        NY
        United States
        Member #121961
        January 21, 2012
        3157 Posts
        Offline
        Posted: July 8, 2015, 10:51 am - IP Logged

         How do the chances of winning improve by increasing the numbers.

          Gleno's avatar - Lottery-001.jpg
          New Jersey
          United States
          Member #80354
          September 25, 2009
          705 Posts
          Offline
          Posted: July 8, 2015, 11:11 am - IP Logged

          If the Powerball  sales  plummeted by 19%  before the changes ,

          they are betting that we bite on the smaller prize increases ,

          which do look attractive, will pick up the slack.

          It might work.

          Hope they don't kill the goose that lays their golden egg.

          What?

            RJOh's avatar - chipmunk
            mid-Ohio
            United States
            Member #9
            March 24, 2001
            19828 Posts
            Offline
            Posted: July 8, 2015, 11:12 am - IP Logged

             How do the chances of winning improve by increasing the numbers.

            They reduced the number of powerballs which improved your overall chances of winning a prize, that's how.

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

              Coin Toss's avatar - shape barbed.jpg
              Zeta Reticuli Star System
              United States
              Member #30470
              January 17, 2006
              10351 Posts
              Offline
              Posted: July 8, 2015, 11:15 am - IP Logged

               How do the chances of winning improve by increasing the numbers.

              RedStamg,

              The article states easier to win smaller prizes.

              Those who run the lotteries love it when players look for consistency in something that's designed not to have any.

              Lep

              There is one and only one 'proven' system, and that is to book the action. No matter the game, let the players pick their own losers.


                United States
                Member #156369
                June 16, 2014
                570 Posts
                Offline
                Posted: July 8, 2015, 11:16 am - IP Logged

                They reduced the number of powerballs which improved your overall chances of winning a prize, that's how.

                I thank you for sharing what i knew as well. So time will tell. I hope for more who play often win sooner than later.

                Let's see first how it all works out. I am going to continue to procure uno... o dos...(one or two)if that. I am winning more doing what i do now with mi pick 3 and or pick 4 regularly at times. I spend more on P-Ball then i realize, only procure 1 sometimes even 2. However, MEGA is only a dollar so i will still play Mega mas en vida! lol adios. i hope you all enjoy your day and be bless with good winnings soon $ and good health most importante adios.

                HAPPY WINNING !!!Smile

                  RJOh's avatar - chipmunk
                  mid-Ohio
                  United States
                  Member #9
                  March 24, 2001
                  19828 Posts
                  Offline
                  Posted: July 8, 2015, 11:16 am - IP Logged

                  If the Powerball  sales  plummeted by 19%  before the changes ,

                  they are betting that we bite on the smaller prize increases ,

                  which do look attractive, will pick up the slack.

                  It might work.

                  Hope they don't kill the goose that lays their golden egg.

                  What?

                  "Hope they don't kill the goose that lays their golden egg."

                  What?

                  That was the point, the goose had stopped laying golden eggs, hopefully big jackpots will return with this change.Party

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

                    jarasan's avatar - new patrick.gif
                    Harbinger
                    D.C./MD.
                    United States
                    Member #44103
                    July 30, 2006
                    5583 Posts
                    Online
                    Posted: July 8, 2015, 11:23 am - IP Logged

                    By Todd Northrop

                    The multi-state Powerball game will be changing in October, making it harder to win the jackpot, while at the same time making it easier to win a smaller prize.

                    With the state lotteries becoming reliant upon big multi-state jackpot games driving ticket sales, the long streak of Powerball jackpots being won before reaching historic levels has crimped state budgets.  The October changes are designed to fix that problem by forcing the jackpot to be won less often.

                    After the changes are enacted, the odds of winning the jackpot — which was a record $590.5 million in 2013 — will increase to 1 in 292,201,338, up from 1 in 175,223,510.

                    The odds of winning $4? That will improve from 1 in 111 to 1 in 92. The new rules will take effect with tickets purchased starting Oct. 4 for the Oct. 7 drawing.

                    "The rules change is intended to increase the odds of winning any prize, while making it more difficult to win the jackpot prize," the state Gaming Commission said in a memo to board members.

                    At its board meeting Monday, the state Gaming Commission approved the changes, saying the modifications will make the game more sustainable. The percentage of money that goes to the jackpot will drop from 68% to 64%, while the percentage going to smaller prizes will increase.

                    "The proposed rule is intended to increase the odds of winning any prize while decreasing the odds to win the jackpot," said Robert Williams, executive director of the state Gaming Commission.

                    The move is aimed at boosting jackpots as sales have slumped since 2013, the last huge payout. Overall, the chances of winning a prize will improve from about 1 in 32 to 1 in 25.

                    "Without these rules changes, the (Lottery) Division would need to remove the Powerball game from its portfolio of offerings and aid to education would be negatively affected," the Gaming Commission memo said.

                    In Powerball, players purchase tickets for $2 each, and on each ticket players select five numbers from one set and one number from a second set.

                    The rules change will increase the first set of numbers from 59 to 69, while decreasing the size of the second set of numbers from 35 to 26. The set prize amount for the third-level prize will increase from $10,000 to $50,000.

                    Powerball sales declined nationally by 19% last year because there was no huge jackpot. The same was true for the drop in Mega Millions sales, the other multi-state lottery, New York officials said.

                    In New York last year, Powerball sales plummeted 44%, a decline of $217 million.

                    In February, the state Gaming Commission said the fluctuations in the multi-state games have prompted the state to focus on games with more consistent jackpots.

                    New York's lottery is "focused on developing and promoting non-jackpot driven games to reduce future dependence on more mature jackpot games and multi-state jackpot games," the lottery said.

                    Last year, the state launched a Cash 4 Life draw game, which generated more than $100 million in sales in its first six months.

                    But the state has had some busts over the past year: It ended the New York-only Sweet Millions game because of poor sales and, along with 22 other state lotteries, dropped the multi-state Monopoly Millionaires' Club game after only two months.

                    Can't wait,  how exciting,  incredible,  amazing,  tremendous, etc. etc.,  NOT.

                    Green laugh

                      RJOh's avatar - chipmunk
                      mid-Ohio
                      United States
                      Member #9
                      March 24, 2001
                      19828 Posts
                      Offline
                      Posted: July 8, 2015, 11:36 am - IP Logged

                      Can't wait,  how exciting,  incredible,  amazing,  tremendous, etc. etc.,  NOT.

                      Green laugh

                      I take it you're not trying to win a PB jackpot before it gets hard. Wink

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

                        Avatar
                        NEW YORK
                        United States
                        Member #90535
                        April 29, 2010
                        11979 Posts
                        Offline
                        Posted: July 8, 2015, 12:01 pm - IP Logged

                        0 IN 292,201,338 VERSUS 1 IN 292,201,338 TO WIN THE JACKPOT.

                        "I play only to win the big jackpot, regardless of the odds. I only buy a ticket or two. There is not much difference between 1 or 100 in 292,201,338 but there is a huge difference between those odds and 0 in 292,201,338. In other words not much reason to buy several tickets, just one." RAY

                        Size of the USA population is 300 Million.

                        YOU WILL NEVER WIN A LOTTERY JACKPOT IN YOUR LIFETIME.

                         

                         

                        Green laughGreen laughGreen laugh

                        US Flag

                        PLAY THE LOTTERY SOMEDAY-IT IS OKAY TO DREAM!

                          Raven62's avatar - binary
                          New Jersey
                          United States
                          Member #17843
                          June 28, 2005
                          49767 Posts
                          Offline
                          Posted: July 8, 2015, 12:26 pm - IP Logged

                          Can't wait,  how exciting,  incredible,  amazing,  tremendous, etc. etc.,  NOT.

                          Green laugh

                          I Agree!

                          A mind once stretched by a new idea never returns to its original dimensions!

                            Raven62's avatar - binary
                            New Jersey
                            United States
                            Member #17843
                            June 28, 2005
                            49767 Posts
                            Offline
                            Posted: July 8, 2015, 12:27 pm - IP Logged

                            YOU WILL NEVER WIN A LOTTERY JACKPOT IN YOUR LIFETIME.

                             

                             

                            Green laughGreen laughGreen laugh

                            I Agree!

                            A mind once stretched by a new idea never returns to its original dimensions!