Sales for new Texas Lotto starts today

Comment #16

CASH Only — Fri, 26 May 2006 19:48:23 GMT

Ohio's Lot O'Play is paid in 26 equal payments, same as MM, but the cash value is fixed at 50%, making LOP a raw deal for cash option winners.

NY Rotto is 26 increasing annual payments, using the same formula as California Super Lotto Plus.

Comment #15

anonymous77 — Sat, 29 Apr 2006 14:27:57 GMT

Lotto Texas annuity jackpot is paid as 25 annual installments, as indicated in TX lottery website. I just tried to estimate the cash value of $36M Lotto TX annuity jackpot for 4/29 drawing, tonight.

Assuming that Texas Lottery and Mega Millions have the same rate of return on their investment of cash jackpot, I could get the estimated cash option value of $21 million. In that case, the cash value ratio of Lotto Texas jackpot would be equal to 58%, while the cash value ratio of MM is 56%.

Comment #14

SassyOhio — Tue, 25 Apr 2006 19:04:51 GMT

depends on what state your in LMAO WELCOME TO THE WONDERFUL WORLD OF LOTTO Here is a link for you to look up MM and PB PAYOUT not what they advertise but per state per game what you would get

MM is http://www.usamega.com/mega-millions-jackpot.htm

PB is http://www.usamega.com/powerball-jackpot.htm

There is alot of other stuff there that ya can check out as well

Comment #13

atl1 — Tue, 25 Apr 2006 07:21:21 GMT

Anyone know the cash value on the 33 mil jackpot, figure i try my luck. Just wonderin how much i could win

Comment #12

Trained2beRich — Mon, 24 Apr 2006 19:10:31 GMT

I understand what you mean SassyOhio. Even if u dont get the big jackpot the 2nd tier prize is substantial, but many fellow Texans believe that winning a lot of little prizes brings them closer to winning the big prize psychologically and may encourage them to put their winnings back into the game because they feel lucky . Heck I feel like that most people like my natural Pepsodent smile(I have a neighbor who always compliments me on my smile, Now if I can smile my way to the Jackpot...that

Comment #11

CASH Only — Mon, 24 Apr 2006 17:53:22 GMT

Texases? I didn't know you could make a plural of a state

Comment #10

SassyOhio — Mon, 24 Apr 2006 17:38:20 GMT

Doesnt make any sense to me,I guess it comes down to your thought process for each person of how they look at it. I for one would rather take the chance of matching all 5 balls and hit the 250,000 with the ball in the game. Yes its harder to get the ball number correct and hit getting the full jackpot ... but my process of thinking is if your numbers are going to match then they just are! Why cut yourself short.......to make chances better for a whole jackpot? NOt here just sounds crazy to me

Comment #9

Just6ntlc — Mon, 24 Apr 2006 17:30:36 GMT

I'm glad that Texas Lotto eliminated the Bonus Ball. I hope their sales go back up in this game, but don't expect sales to skyrocket in the past. In fact, when Texas Lotto had the bonus ball, their sales not only tanked, but their Pick 3 game outsaled that game.

Comment #8

Trained2beRich — Mon, 24 Apr 2006 13:38:18 GMT

howsabout TEXAS LOW COMMISION

Comment #7

orangeman — Mon, 24 Apr 2006 01:04:42 GMT

We have to remember that the Texas Lottery Commission or TLC doesn't mean Tender Loving Care. It is more like Texas Losing Club.

Orangeman

Comment #6

Todd — Mon, 24 Apr 2006 00:41:50 GMT

JS9:

I found that to be very strange myself -- new news or anything. Really strange, to say the least.

Comment #5

JimmySand9 — Sun, 23 Apr 2006 20:24:09 GMT

Still no changes to the website to herald, or even suggest, the newish setup. Let compare the setups of the 1st and second Lotto Texases to the 4th one that started to today.

Matrix

6/50

6/54 (old)

6/54 (new)

Match 6 Payout

JACKPOT

JACKPOT

JACKPOT

Avg. Match 5 Payout

$1,500

$2,500

$2,000

Avg. Match 4 Payout

$100

$100

$50

Guaranteed Match 3

$3

$5

$3

Overall Payout

50%

55%

50%

Compare and judge for yourself.

Comment #4

CASH Only — Sun, 23 Apr 2006 17:11:04 GMT

You think the lower-tier prizes for the new Lotto Texas are bad? Go to www.nylottery.org and check out the payoffs for NY Rotto, which has slightly better jackpot odds.

Comment #3

Todd — Sun, 23 Apr 2006 15:20:57 GMT

Actually, the prize amounts are very similar to Pick 6 games in other states using a similar matrix. For example, they are very similar to New Jersey, and they are much better than New York, which is actually much harder to win.

Dawn Nettles is complaining about the new payouts, saying that they are different than the old Pick 6-style game.

Comment #2

Bradly_60 — Sun, 23 Apr 2006 15:09:43 GMT

Those smaller prizes are horrible.

$3, $50, $2000. They really want to get that jackpot higher and quicker. By giving very crappy prizes they should be able to give lots to the jackpot fund which I think they said they were going to do anyway. But anyway those prizes are even riduculous.

Michigan has a 6 of 47 game. The odds are only 1 in 10 million. Here is our payout structure and it is fixed.

$5, $100, $2500. With overall odds of winning 1 in 47.

The TLC might of listened to t... [ More ]

Comment #1

bobby623 — Sun, 23 Apr 2006 14:51:56 GMT

Another sad chapter in the history of the Texas lottery begins.

TLC officials apparently believe that lottery gamblers will stand in line to buy chances in a lottery where matching 5 of 6 numbers pays $2,000, or less, and $50, or less, for matching 4 of 6 numbers.

Boy, are they in a rude awakening. Given the odds of winning a jackpot, most players, myself included, think more about winning a secondary prize. In this instance, players would have a better chance of winning something with sc... [ More ]

Sales for new Texas Lotto starts today

Lottery Post — Sun, 23 Apr 2006 13:36:02 GMT

Texas lottery players are saying buh-bye to the bonus ball.

Last night's $32 million jackpot Lotto Texas drawing was the last for the much-loathed little guy, who proved unpopular with players.

The Texas Lottery Commission voted Feb. 27 to scratch the unpopular bonus ball and return to better sales and better odds.

Lotto Texas will return to a matrix that was abandoned three years ago in which players may choose six numbers from among 54, with odds of winning the jackpot at 1 in 25.8 m... [ More ]