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$301 MILLION: Huge Powerball jackpot on tap for this week

Topic closed. 66 replies. Last post 1 year ago by megan81.

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CDanaT's avatar - tiger avatar_04_hd_pictures_169016.jpg
TX
United States
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January 4, 2012
1637 Posts
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Posted: September 27, 2015, 2:58 pm - IP Logged

The $100 million you are yawning about is actually the true take home amount that a single winner in a state like NY or NJ  would net. A $301 million jackpot is nothing more than a fictitious mirage and the true lump sum cash value is actually about one third of an advertised jackpot annuity.

Dr1,
     I couldn't agree with you more on the mirage aspect. What tickles me even more is the new PB odds and the way they are selling the higher payouts on the lower prizes but the grand prize they splash with huge numbers is now about to go up to 292 Million to 1. Yeup, that is what I am going to focus on, those 3rd and 4th place prize payouts !!!!   wooo hooo

Stay Positive, Believe and good things will come your way

    Drenick1's avatar - villiarna
    USA
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    February 25, 2014
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    Posted: September 27, 2015, 3:01 pm - IP Logged

    I've said it before, but even second prize is life changing. After the change, it will be 1 in 11+ million to win a million dollars. My state lotto is 1 in 25+ million. Granted, that jackpot is over 20 million right now, but it starts at 5 million annuity, or around 3.5 million cash.

    $2 is not that much money for a shot at 1 million dollars, or 300 million.

    The current odds for the 2nd place PB million prize is 1 in 5 million so the new upcoming changes will effectively double those odds. Many folks will be looking at their own states lottery games with more reasonable (if I can call it that) odds.

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      New Jersey
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      September 4, 2005
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      Posted: September 27, 2015, 3:03 pm - IP Logged

      This is probably the last jackpot that will have a reasonable shot at setting an all time record.

      When the odds change, sales will fall, as they have done with the Megamillions.    Probably it will take more than 25 rollovers, 3 months for the jackpot to get large again.    This number of rollovers becomes increasingly unlikely.   For example, .95 raised to the 25th power gives only a 27% probabilility of occurring, and given that the odds of rollovers can fall to 85% or less, well, large jackpots will not likely ever occur again, at least for several years. 

      Currently, jackpots at the 200M - 400M range (annuity) are not even generating a 100 million in sales.

      However, if this jackpot is not won before the changeover, the worsened odds should make it possible for a rollover at even the 500 million level, again, probably for the last time we will ever see such a large jackpot.


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        February 13, 2011
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        Posted: September 27, 2015, 3:12 pm - IP Logged

        Play trends and win!  Pick the number 5 as your Powerball & then you only have to worry about getting the 5 white balls correct lol.

          hearsetrax's avatar - 0118

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          Posted: September 27, 2015, 3:29 pm - IP Logged

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            Simpsonville
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            January 22, 2015
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            Posted: September 27, 2015, 3:47 pm - IP Logged

            Took my butt across the Ohio river and bought two Indiana Powerball with Powerplay this morning.  I understand that state has the highest Powerball jackpot winners of any of them.  Then went to the good old Horseshoe Casino and came home with $300 in the positive!

             

            Will probably play in Kentucky too; and have a few draws left on my Ohio ticket.  Someone's gotta win, might as well be me.

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              New York, N.Y.
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              April 3, 2013
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              Posted: September 27, 2015, 4:10 pm - IP Logged

              My initials are PB (Paul Brno) the same as for Power Ball. and if I win I can't tell my wife because she'll go on a shopping spree! I worked with Sergio Martini who won 10.3 million dollars in Jan. 1996. We worked for the NYC Dept. of Sanitation & like 15 guys would give him a dollar to buy them a PB ticket. But he wouldn't give them their PB ticket until a day or two after the drawing. When he won, one guy didn't get a PB ticket. Martini kept working for a year & a half to get a 15 year pension & guys kept giving Martini money for PB tickets but now he would give them out a day or two before the PB drawing. Like he should have been doing all along. Martini kept looking for Marlboro miles in the garbage! He used to bring his garbage to the sanitation garage from his home in Brewster, NY & throw it in the back of a garbage truck because he didn't want to pay the town of Brewster $25.00 to pick up his garbage! You can't make this stuff up! And when his mother died in Italy he asked everyone for five bucks even though he was now a millionaire! He used to gamble on everything! They should make a movie of his life starring Joe Pesci!

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                NEW YORK
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                Posted: September 27, 2015, 4:10 pm - IP Logged

                I have no idea what that has to do with my comment about smaller in-state games. 

                And we all know that the Powerball odds will be getting harder for the top prize — although easier to win a lower-tier prize — because Lottery Post ran the story I wrote back in July:  https://www.lotterypost.com/news/291521.  That Yahoo story you linked is pretty much just a fluff-piece, and as I pointed out in July, it contains bad data that was obtained from a poor website.

                Powerball odds of winning the jackpot would be 1 in 292,201,338. The size of the USA population is 300 million. Winning smaller prizes won't be enough to keep lottery players chasing an un winnable lottery jackpot. Smaller states games are not worth playing because of the lower playership. Take a look at the New York lotto and the Texas lotto, they keep on rolling because of low sales even though the jackpots are very high.

                US Flag

                PLAY THE LOTTERY SOMEDAY-IT IS OKAY TO DREAM!

                  hearsetrax's avatar - 0118

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                  Posted: September 27, 2015, 4:20 pm - IP Logged

                  Took my butt across the Ohio river and bought two Indiana Powerball with Powerplay this morning.  I understand that state has the highest Powerball jackpot winners of any of them.  Then went to the good old Horseshoe Casino and came home with $300 in the positive!

                   

                  Will probably play in Kentucky too; and have a few draws left on my Ohio ticket.  Someone's gotta win, might as well be me.

                  Skeptical haven't gotten my tickets yet

                  but will sneak out laters and by the light of the blood moon/eclipse and get a couple

                  best of luck to all who plunk down thar greenbacks and play

                  may one of us here at the LP campground,get thar respective wish

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                    New York, N.Y.
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                    Posted: September 27, 2015, 4:32 pm - IP Logged

                    More interesting stuff about my former co-worker.Sergio Martini. There was a picture of Millionaire Martini throwing garbage in the back of a garbage truck. And if you worked with him he'd take you to a greasy spoon diner where the most expensive meal was about two bucks & he say, 'order anything you want' This was a one time deal. He started buying Marlboro miles from homeless people because he needed 25 thousand miles to get a pool table, which had to be taken apart because it wouldn't fit through his doorway! He used to drive his brother's taxi on weekends to get extra gambling money! after he won he bought his brother his taxi medallion. He paid off his mortgage because they were about to take away his house & rented it out. He bought a 750,000  dollar home in Brewster as an investment. He also bought a gas station & put his two sons to work. he told me that when he first moved his family to Brewster from Queens his two sons beat him up because they were made at him for taking them away from their friends. before he was a garbage man he worked at Silvercup making bread. Joe Pesci would win an academy award playing Sergio Martini!pp

                      rcbbuckeye's avatar - Lottery-043.jpg
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                      Posted: September 27, 2015, 4:36 pm - IP Logged

                      The current odds for the 2nd place PB million prize is 1 in 5 million so the new upcoming changes will effectively double those odds. Many folks will be looking at their own states lottery games with more reasonable (if I can call it that) odds.

                      Thats why I said "after the change".

                      CAN'T WIN IF YOU'RE NOT IN

                      A DOLLAR AND A DREAM (OR $2)

                        Drenick1's avatar - villiarna
                        USA
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                        Posted: September 27, 2015, 5:16 pm - IP Logged

                        Thats why I said "after the change".

                        I did notice that. I just wanted to clarify how drastic the odds were going up for the 2nd place prize.

                          Grovel's avatar - f800e6a39fbfea795d1dcbb09f2244
                          Little Rock, AR
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                          Posted: September 27, 2015, 5:16 pm - IP Logged

                          Maybe if no one wins the next two drawings, and the changes kick in, we will see a billion dollar jackpot.

                            rcbbuckeye's avatar - Lottery-043.jpg
                            Texas
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                            Posted: September 27, 2015, 5:39 pm - IP Logged

                            I'm good to go. Got my 2 Step, MM, Lotto, and PB, and....AoN tics today.

                            CAN'T WIN IF YOU'RE NOT IN

                            A DOLLAR AND A DREAM (OR $2)

                              megan81's avatar - 1348597904
                              NJ
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                              September 25, 2012
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                              Posted: September 27, 2015, 9:21 pm - IP Logged

                              Did Todd write this article? It doesn't "sound" like him. I've read it three times, and every time, something pops out at me that seems "different".. Anyway, good luck to everyone!