Ridiculously low non-jackpot prize payouts have me fed up

Reply #22

KY Floyd — Sat, 21 Oct 2006 09:35:02 GMT

If you can't do the math, just look at how it works now. 50% of sales goes directly to the state and 50% goes to prizes. 30% goes towards the jackpot, and 20% goes to the lower prizes. If it already takes 20% to pay the lower prizes, what do you suppose would happen if the lower prizes were all increased to 3 what they are now

Reply #21

scorpio — Sat, 21 Oct 2006 03:15:50 GMT

we have a 146,107,961 to 1 that our ticket will not be random.

Reply #20

ayenowitall — Sat, 21 Oct 2006 01:14:10 GMT

The secondary prizes in games like PowerBall and MegaMillions are basically the undercard. The jackpot prize is the main draw. It's the huge edge taken on the secondary prize payouts that makes those giant jackpots possible. If you want bigger payouts for prizes comparable to the secondary prizes in a giant jackpot game, you should play scratch-offs and/or the daily games like Pick 3 and Pick 4. If you want to play for a giant jackpot, you'll just have to live with taking a beating on the second... [ More ]

Reply #19

scorpio — Fri, 20 Oct 2006 23:55:33 GMT

on randomness;only ramdom numbers are those selected from the numbers that no one has selected,then the lottery selects those numbers randomly,simple

Reply #18

scorpio — Fri, 20 Oct 2006 23:50:34 GMT

i'm just happy to be able to donate to lottery,so our property taxes can be so low for education,teachers,etc

Reply #17

johnph77 — Fri, 20 Oct 2006 20:49:42 GMT

pumpi76 -

I'm not sure how Quick Picks are generated. There may be a Random Number Generator (RNG) in each terminal in stores but I'm thinking that they are just dumb terminals that signal the central computer to generate a random number, which, in turn, generates a certain combination. My reasoning is that when the system is down no terminal in any store can generate a ticket. If each terminal had an RNG this wouldn't happen. And duplicate combinations are generated in lotteries even when th... [ More ]

Reply #16

pumpi76 — Fri, 20 Oct 2006 17:45:59 GMT

I hate NY Lotto too I just forgot to post it...Also is italy superenalotto i think is called which is like 5 or 6 from 90...Yeah i hate New York lotto too, just forgot to mention it...Not only that but i dislike it because NY lotto doesn't pay a lot...

Laura Simpson from Great Lakes, Illinois deserves to be rich... She is so rare...

Reply #15

CASH Only — Fri, 20 Oct 2006 14:45:06 GMT

The game that you should be complaining about (because of terrible non-jackpot prizes) is not Mega Millions or Powerball, but NY Lotto, which I call the world's biggest ripoff. Matching four numbers in Powerball wins $100, compared to $9 in NY Lotto on July 29, 2006.

Reply #14

pumpi76 — Fri, 20 Oct 2006 14:28:22 GMT

This is something to think about: I posted this couple of months ago (which is what's below): I don't know if it works the way i think it works i dont' know but if it does work the way i think it works what i said below is something the lottery corporation should think about: https://www.lotterypost.com/thread/139635.htm?q=pumpi76 tab=us rp=search get=660180

I just thought about something...This is how i think this work....If you notice, every lottery retailer gas station that sells lotte... [ More ]

Reply #13

johnph77 — Fri, 20 Oct 2006 13:57:14 GMT

2 Fields - Draw 5+1HitPossibilitiesOdds - 1::BetPrizeTotalPercentage

565+11213909696.001000.00

565553889267.20 3889262139093010.00

4+1255838861.55 838862139093010.00

41402515252.03 15252138812510.00

3+11275016777.23 16772138175010.00

3701250305.04 30210375009.83

2+12082501027.18 102212415009.93

21145375018.68 1114537505.35

1+11249500171.20 17212415009.93

1687225003.11 000.00

0+1234906091.06 9211415409.88

01291983001.66 000.00

2139096961.00 1816... [ More ]

Reply #12

m3g4m1ll10ns — Fri, 20 Oct 2006 09:34:36 GMT

No. It doesn't work that way.

Reply #11

johnph77 — Fri, 20 Oct 2006 09:32:59 GMT

No, I'm not selling anything. Never have, never will.

The payout percentages for each possible outcome of a lottery are cumulative toward the overall payout percentage for that lottery. If you have eight outcomes paying out 10% each, the overall payout percentage for that lottery will be 80%.

gl

j

Reply #10

m3g4m1ll10ns — Fri, 20 Oct 2006 09:22:45 GMT

I might be one of the guilty parties when it comes to payout percentages - they're rampant on my website.

Why mention YOUR website? What's the point? Are you selling something? If so, I'll never buy it with math like yours.

These proposed payouts yield a payout percentage of 84.93% - without the jackpot.

Huh? The proposed non-jackpot payouts are exactly 10%. Only 1 in 305 plays will yield a 3+0 ticket. The current payout is $7. The proposal is to payout $30 for every 305 plays... [ More ]

Reply #9

johnph77 — Fri, 20 Oct 2006 08:04:16 GMT

[quote]

If MM intends to keep my interest in their game, they must increase the non-jackpot prize payouts to a minimum 10% of the odds.

The current odds, payouts (where applicable) and percentage of payout

are as follows:

5+1 1:175,711,536.00 $JACKPOT

5+0 1: 3,904,700.80 $250,000 6.40%

4+1 1: 689,064.85 $ 10,000 1.45%

4+0 1: 15,312.55 $ 150 0.98%

3+1 1: 13,781.30 $ 150 1.09%

3+0 1: 306.25 $ 7 2.29%

2+1 1: 843.75 $ 10 1.19%

2+0 1: 18.75 $ - -

1+1 1: 140.63 $ 3 2.13%

1+0 1: 3.13

Reply #8

dvdiva — Fri, 20 Oct 2006 03:34:52 GMT

When are people going to realize that people don't play for the smaller prizes. Large jackpots equal more sales. It's a fact. Yes smaller prizes are more likely to be won but if you like smaller prizes then play $5 straight on one number in pick 4. Odds would be better and the prize a not bad $25k. The only reason not to do that is you are playing for the larger jackpot.

The problem with Mega has been a small jackpots compared to it's odds. This problem is far worse than whatever it's been... [ More ]

Reply #7

JimmySand9 — Fri, 20 Oct 2006 02:24:03 GMT

Those kind of payouts would bankrupt the lotteries. When you have that many prize divisions, chances are one of the prizes are going to be pretty small in comparison to the odds. And if you don't like it, don't play, simple as that.

Reply #6

Greg — Fri, 20 Oct 2006 02:12:25 GMT

Let me make several points which some of you might have heard me make before:

1) Expanding the number pool beyond 55 or the bonus number pool is not necessary to make this game more attractive and renumerative. In fact, lowering the number pool would do so!

2) Greed drives this game: the greed of the states who profit and the desire by players to be enriched by zillions which is not necessarily greed, but it blinds most to how ridiculous the odds are.

3) Large number field games defy... [ More ]

Reply #5

ryanm — Thu, 19 Oct 2006 23:52:20 GMT

Yes, that is the reality of the big jackpot games. Powerball and Mega Millions are simply set up to offer huge top prizes at the expense of the lower-tier prizes. That's just the way it is.

Reply #4

guesser — Thu, 19 Oct 2006 23:44:47 GMT

Big numbers = Big sales.

getting 3x5 is just something to whet someones' appetite to keep coming back........

Reply #3

CA LotteryGuy — Thu, 19 Oct 2006 23:23:56 GMT

What is the higher priority, advertising big annuity values or increasing non-jackpot prizes to generate more ticket sales?

If you asked the Lottery officals this question my thought is they would say advertising big annuity jackpot values. Look at how sales exponentially increase when the jackpot hits over $150 million.

The casual lottery player, and there are many more of them then there are regular players, chase the big jackpots. They don't focus on the lesser amounts, particularly... [ More ]

Reply #2

pumpi76 — Thu, 19 Oct 2006 23:00:34 GMT

you nailed it: m3g4m1ll10ns..Couple of months ago i was checking exactly that and i had the same question as you (don't know why i didn't post them, but thanks you did)...I was asking myself the same question who comes out with those percentages?It just means that they (the lottery) are better prepared than a bank (banks have to involve themselves with interest rates and percentages)...I was asking myself the same question....I stumble upon that when i was trying to figure out better payouts for... [ More ]

Reply #1

guesser — Thu, 19 Oct 2006 22:29:07 GMT

I'd settle for PB knocking the red ball down from 42 numbers to 10 numbers.

Or, doing that and going back to 49 WB's.........

Ridiculously low non-jackpot prize payouts have me fed up

m3g4m1ll10ns — Thu, 19 Oct 2006 21:57:57 GMT

Has there been any organized pressure against MM (or PB) to give some more respectible non-jackpot prize payouts? MM's 4+0 pre-tax payout is less than 1% of the odds.

So this gets me thinking...

If MM intends to keep my interest in their game, they must increase the non-jackpot prize payouts to a minimum 10% of the odds.

The current odds, payouts (where applicable) and percentage of payout

are as follows:

5+1 1:175,711,536.00 $JACKPOT

5+0 1: 3,904,700.80 $250,000 6.40... [ More ]