Where does the starting jackpot come from

Reply #4

NewClub — Sat, 28 May 2005 21:51:16 GMT

I think it is a debt which will be covered by the proceding sales. That debt actually will be borrowed from their cash reserve if someone do hit the JP.

Reply #3

ryanm — Sat, 28 May 2005 19:34:56 GMT

It's just some reasonable number based on forcasted initial sales and the odds of hitting the jackpot. Normally, the cash option value of the starting jackpot is higher than the actual amount in the prize pool for the jackpot for sales at that level. They only start it at $10 million because odds are nobody will hit it. Then they need apply only the minimum rollovers until sales can justify going beyond that.

Reply #2

Shawnintennesse — Sat, 28 May 2005 15:22:38 GMT

It comes off the intrest that there making off from annuitys they have in there account...

Reply #1

Tnplayer805 — Sat, 28 May 2005 15:12:37 GMT

Those are soon going to be changed this summer. MM is going to 12 million and PB is going to 15 million. Where they come from?? I don't know.

Where does the starting jackpot come from

bks2 — Sat, 28 May 2005 15:01:24 GMT

With pb and mm where does the starting 10million come from