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$900 MILLION: Powerball lottery jackpot to create unimaginable wealth

Topic closed. 397 replies. Last post 11 months ago by sirbrad.

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Germany
Member #164603
March 8, 2015
605 Posts
Online
Posted: January 9, 2016, 12:44 pm - IP Logged

Somebody wrote about Marie Holmes winning this one. I think there will be riots in that case.ROFL

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    New Jersey
    United States
    Member #21206
    September 4, 2005
    949 Posts
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    Posted: January 9, 2016, 12:49 pm - IP Logged

    The lottery seems to projecting, at this point, $741M in sales, the number of tickets being sold being half that, to produce a $900M jackpot.

    The Poisson distribution for this number of tickets sold, assuming random generation of tickets, produces the following probabilities for numbers of winners:

     

    k, number of winnersp(m,k)
    026.74%
    135.27%
    223.26%
    310.23%
    43.37%
    50.89%
    60.20%
    70.04%
    80.01%

    Although a single winner is the single most probable outcome, followed by a rollover, no single outcome outweighs the combined others.   Anything can happen.   There is a significant possibility that the game has now become a $450M (annuity) or a $300M (annuity) game for any winners.

    As things proceed, a rollover becomes less and less likely, although not impossible.    (It is really very, very, very, unlikely that the entire field will be covered as the target for unchosen numbers becomes smaller.)

    The expectation value, because of the possibility of smaller jackpot prizes being awarded because of a larger number of winners, is now 0.85, pretax cash basis.

      MaximumMillions's avatar - Lottery-013.jpg

      Germany
      Member #164603
      March 8, 2015
      605 Posts
      Online
      Posted: January 9, 2016, 12:56 pm - IP Logged

      The lottery seems to projecting, at this point, $741M in sales, the number of tickets being sold being half that, to produce a $900M jackpot.

      The Poisson distribution for this number of tickets sold, assuming random generation of tickets, produces the following probabilities for numbers of winners:

       

      k, number of winnersp(m,k)
      026.74%
      135.27%
      223.26%
      310.23%
      43.37%
      50.89%
      60.20%
      70.04%
      80.01%

      Although a single winner is the single most probable outcome, followed by a rollover, no single outcome outweighs the combined others.   Anything can happen.   There is a significant possibility that the game has now become a $450M (annuity) or a $300M (annuity) game for any winners.

      As things proceed, a rollover becomes less and less likely, although not impossible.    (It is really very, very, very, unlikely that the entire field will be covered as the target for unchosen numbers becomes smaller.)

      The expectation value, because of the possibility of smaller jackpot prizes being awarded because of a larger number of winners, is now 0.85, pretax cash basis.

      These calculations don't take multiple identical/duplicate entries into account, correct?


        United States
        Member #166712
        June 4, 2015
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        Posted: January 9, 2016, 1:04 pm - IP Logged

        Powerplay should be 10x today. I dont care about the jackpot anymore, second tier will be great for me

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          United States
          Member #32537
          February 12, 2006
          698 Posts
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          Posted: January 9, 2016, 1:04 pm - IP Logged

          You guys do know if it's just 1 winner the media so going to do this outside to the winners neighborhood right?

          -  Well, obviously we have the media out in Lincoln Park. Their knocking on your doors, snatchin’ your people up, tryin’ to interview ‘em. So y’all need to hide your kids, hide your wife, and hide your husband cause they’re interviewing’ everybody out here.

          btw Todd, how prepared are you for the flood of heavy traffic happening later tonight? LOL

           

          - Todd's servers this evening.

          No bees, no honey.

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            United States
            Member #93164
            June 23, 2010
            1322 Posts
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            Posted: January 9, 2016, 1:04 pm - IP Logged

            I hope someone wins this big jackpot tonight.

              HoLeeKau's avatar - YheaShea
              Idaho
              United States
              Member #94283
              July 17, 2010
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              Posted: January 9, 2016, 1:05 pm - IP Logged

              Powerplay should be 10x today. I dont care about the jackpot anymore, second tier will be great for me

              No matter if the powerplay is 10x, the 2nd tier will still only be 2 million.

                sully16's avatar - sharan
                Ringleader
                Michigan
                United States
                Member #81740
                October 28, 2009
                40422 Posts
                Online
                Posted: January 9, 2016, 1:05 pm - IP Logged

                sully16, Is your birthday January 16th? What a wonderful birthday present this could be for you! You would make all LP Members proud to be here on this site with you. 

                 My birthday is January 22,

                Happy Early Birthday and good luck to you. Cheers

                Did you exchange a walk on part in the war ?

                For a lead role in a cage?

                 

                                                            From Pink Floyd's " Wish you were here"

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                  wisconsin
                  United States
                  Member #130754
                  July 23, 2012
                  198 Posts
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                  Posted: January 9, 2016, 1:06 pm - IP Logged

                  Hopefully someone will post the numbers after the drawing. I'm fairly certain Powerball's website will crash.

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                    United States
                    Member #106923
                    February 27, 2011
                    476 Posts
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                    Posted: January 9, 2016, 1:08 pm - IP Logged

                    No matter if the powerplay is 10x, the 2nd tier will still only be 2 million.

                    Also, the 10x powerplay is only applicable to jackpots at or below $150 million.

                      I'm feeling a jackpot win coming my way!

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                      Bahamas
                      Member #133462
                      September 30, 2012
                      5946 Posts
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                      Posted: January 9, 2016, 1:14 pm - IP Logged

                      Hopefully someone will post the numbers after the drawing. I'm fairly certain Powerball's website will crash.

                      USA mega, the sister site to LP is always on the money with positing timely results and it can handle the traffic. Todd works around the clock on a normal day so I can only imagine how hard he is working now. 

                       

                      THANKS TODD FOR ALL YOU DO!

                      "Everything works  ONCE!"

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                        Chief Bottle Washer
                        New Jersey
                        United States
                        Member #1
                        May 31, 2000
                        23262 Posts
                        Online
                        Posted: January 9, 2016, 1:19 pm - IP Logged

                        USA mega, the sister site to LP is always on the money with positing timely results and it can handle the traffic. Todd works around the clock on a normal day so I can only imagine how hard he is working now. 

                         

                        THANKS TODD FOR ALL YOU DO!

                        I'm going to do all I can do to keep Lottery Post and USA Mega up and responsive.  Expect at the very least some slowness as millions of people hit the sites all at once.

                         

                        Check the State Lottery Report Card
                        What grade did your lottery earn?

                         

                        Sign the Petition for True Lottery Drawings
                        Help eliminate computerized drawings!

                          Candy-Lane's avatar - yocco

                          United States
                          Member #167255
                          July 2, 2015
                          102 Posts
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                          Posted: January 9, 2016, 1:22 pm - IP Logged

                          Thank-you Todd for your accurate and up-to-the-minute Lottery News!

                          Whenever I see the name Todd Northrop in an article about The Lottery, whether at Lottery Post or, elsewhere, I always read the article because I know the information will be both informative and, accurate!

                          Thanks again Todd!

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                            Chief Bottle Washer
                            New Jersey
                            United States
                            Member #1
                            May 31, 2000
                            23262 Posts
                            Online
                            Posted: January 9, 2016, 1:23 pm - IP Logged

                            Thank-you Todd for your accurate and up-to-the-minute Lottery News!

                            Whenever I see the name Todd Northrop in an article about The Lottery, whether at Lottery Post or, elsewhere, I always read the article because I know the information will be both informative and, accurate!

                            Thanks again Todd!

                            Big Grin This makes me smile, thanks!

                             

                            Check the State Lottery Report Card
                            What grade did your lottery earn?

                             

                            Sign the Petition for True Lottery Drawings
                            Help eliminate computerized drawings!

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                              United States
                              Member #142777
                              May 18, 2013
                              263 Posts
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                              Posted: January 9, 2016, 1:25 pm - IP Logged

                              While everyone was hee hawing i said first on Wednesday January 6th 1:20pm in the threads hours before last Wednesdays powerball draw that went to 524 million that it would hit a billion dollars on Saturday the 9th with no winner.  Don't hee haw people.  Take a stand early and make a prediction right or wrong.  Early bird gets the worm.

                              While im 1 for 1 lets make another early prediction.  No one will win tonight.  It will roll to 1.6 billion for next Wednesday nights draw and a single ticket will win it all at that time.

                              Good luck and may one of us win it all.  If we do lets do Todd a favor and wear one of his lotterypost t-shirts/tank tops to the press conference! 

                              While we are all having delusions of grandeur right now let me go all the way with it.  If i win the press conference will be held at the "TRUMP HOTEL LAS VEGAS".  The press conference table will be for seven people.  Dad, Mom, Brother, Donald Trump, Warren Buffet, Todd, and Me of course!   

                              Todd you in?Big Grin

                              Don't forget to visit the Lottery Post Gift Shop!

                                 
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