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Friday Mega Millions jackpot raised to $164 million

Topic closed. 24 replies. Last post 1 year ago by realtorjim.

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United States
Member #106134
February 13, 2011
806 Posts
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Posted: November 6, 2015, 7:06 pm - IP Logged

Oh & FYI: the only way to win is buy your tickets in Tennessee.  Preferably in the town of Antioch.

    travelintrucker's avatar - morph
    Greenville, SC
    United States
    Member #169870
    November 4, 2015
    374 Posts
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    Posted: November 6, 2015, 7:13 pm - IP Logged

    Or in Three Rivers, MI where Julie Leach cashed in!

    May the balls bounce in your favor!

      realtorjim's avatar - images q=tbn:ANd9GcT7U3t20NgScoPlxOqLT6TR0vQeJNBV3_tTswe1XeFDTsdw3NLZ

      United States
      Member #106923
      February 27, 2011
      476 Posts
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      Posted: November 6, 2015, 9:05 pm - IP Logged

      I'm In.

      I'm in!  The 5 million raise does seem a bit strange at this level.  Kind of like MM spitting on the ground and looking PB in the eye and saying "I ain't the one"!

      Hit With Stick

        I'm feeling a jackpot win coming my way!


        United States
        Member #169886
        November 5, 2015
        26 Posts
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        Posted: November 6, 2015, 11:50 pm - IP Logged

        I am not wasting my money until it gets to 250 plus million :DDD

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          NY
          United States
          Member #23835
          October 16, 2005
          3474 Posts
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          Posted: November 7, 2015, 2:32 am - IP Logged

          A huge $5 million increase. Banana Wow, better rush out and buy a bunch now. Jester

          Seriously though, $5 million raise is relatively small on $159 million annuity. Seems they're very desperate to drive sales. With that said, it's understandable the estimate would jump since PB was, presumably, hit earlier than expected. Players seeking a super-sized jackpot, for the time being, is relegated to Mega Millions...

          On the bright side, MM only costs $1. Plus, the extra $1 megaplier multiplies all lower tier prizes, including the $1 million 2nd prize, which is 14 times more likely for a player to hit than the jackpot. Winning, on average, $3+ million ain't bad for 2nd place for those who pony up the extra $1, which is no more expensive than PB $2 base price.

          "$5 million raise is relatively small on $159 million annuity. "

          Any raise at all is significant at that level, and in this case it's a 33.3% bump from the original increase. It might even be the first time they've done it for such a small jackpot.

          "Seems they're very desperate to drive sales."

          Maybe. Lottoreport,com reports sales of $28.455 million. That would add just under $9 million to the cash value, and at the current cash/annuity ratio that's still not quite enough to raise the annuity value by $15 million. The extra $5 million doesn't seem to be justified by sales even if they were a bit higher than expected.

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            United States
            Member #135804
            November 29, 2012
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            Posted: November 7, 2015, 3:50 am - IP Logged

            There was nothing special about the sales on this drawing to warrant the bump. The last time it was near this level at $152 million headline, they actually sold more tickets than this drawing.

             

            Also: it takes just as many rolls for the new Powerball to reach an equivalent level vs. the old matrix despite the higher odds. It really goes to show the people that end up in positions of power at the MUSL and State lotteries are only there because of politics and relations, not merit or intelligence. These two games are so similar that they cannibalize each other's sales. "Let's just add more balls!" they keep agreeing on, when they should have thought of consolidating the two games into one and having more drawings per week.

              dpoly1's avatar - driver
              PA
              United States
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              October 16, 2008
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              Posted: November 7, 2015, 10:33 am - IP Logged

              Only $995,000 on 7.4 private acres!

              dpoly1 - Playing the lottery to save the jobs of those that build, transport, sell & maintain luxury items! -

               

              Eschew Poverty ........... Vote Conservative!


                United States
                Member #106134
                February 13, 2011
                806 Posts
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                Posted: November 7, 2015, 2:47 pm - IP Logged

                Wow, huge ticket sales & nobody won.

                Why is Powerball way too easy to win & MM is not anymore.  I'm shocked that Tennessee did not win last night.

                  mypiemaster's avatar - 2015021003pileofcash
                  JACKPOT HUNTER

                  United States
                  Member #141034
                  April 2, 2013
                  1408 Posts
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                  Posted: November 7, 2015, 6:37 pm - IP Logged

                  Only $995,000 on 7.4 private acres!

                  I'll take this property if it has a private lake, minus the snakes.

                  Seek and ye shall find -Matt. 7:7 ...Ask and ye shall receive -John 16:24 ...Give and it shall be given unto you -Luke 6:38 ...Be careful what you ask for!!! -Mypiemaster 1:1

                  Having Money Solves Problems That Not Having Money Creates Yes Nod ****John Carlton****

                    realtorjim's avatar - images q=tbn:ANd9GcT7U3t20NgScoPlxOqLT6TR0vQeJNBV3_tTswe1XeFDTsdw3NLZ

                    United States
                    Member #106923
                    February 27, 2011
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                    Posted: November 7, 2015, 9:38 pm - IP Logged

                    I'll take this property if it has a private lake, minus the snakes.

                    Snakes!   Did you say snakes!    Twitch

                      I'm feeling a jackpot win coming my way!