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# \$900 MILLION: Powerball lottery jackpot to create unimaginable wealth

Topic closed. 397 replies. Last post 1 year ago by sirbrad.

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Germany
Member #164603
March 8, 2015
767 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.

New Jersey
United States
Member #21206
September 4, 2005
951 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 winners p(m,k) 0 26.74% 1 35.27% 2 23.26% 3 10.23% 4 3.37% 5 0.89% 6 0.20% 7 0.04% 8 0.01%

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.

Germany
Member #164603
March 8, 2015
767 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 winners p(m,k) 0 26.74% 1 35.27% 2 23.26% 3 10.23% 4 3.37% 5 0.89% 6 0.20% 7 0.04% 8 0.01%

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
24 Posts
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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

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?

- Todd's servers this evening.

No bees, no honey.

United States
Member #93164
June 23, 2010
1670 Posts
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 Posted: January 9, 2016, 1:04 pm - IP Logged

I hope someone wins this big jackpot tonight.

Idaho
United States
Member #94283
July 17, 2010
2284 Posts
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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.

Michigan
United States
Member #81740
October 28, 2009
45952 Posts
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 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.

wisconsin
United States
Member #130754
July 23, 2012
205 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.

(1+sqrt(5))/2

United States
Member #106923
February 27, 2011
480 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 \$312,000,000.00 jackpot win coming my way!

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!"

Chief Bottle Washer
New Jersey
United States
Member #1
May 31, 2000
23652 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

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

United States
Member #167255
July 2, 2015
105 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!

Chief Bottle Washer
New Jersey
United States
Member #1
May 31, 2000
23652 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!

This makes me smile, thanks!

Check the State Lottery Report Card

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

United States
Member #142777
May 18, 2013
263 Posts
Offline
 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?

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

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