Strange way of announcing jackpot win

Reply #2

justxploring — Sat, 17 Jan 2009 23:26:56 GMT

Yes, NJ-HMAN. I thought of that too. However, since the jackpot was already $700,000 is it possible that it only rolled another $34,800? I doubt it. The average MM rollover used to be $300,000 but now it's about $200,000.

I realize that PB might have reduced the jackpots for the other FL games, but I would find it hard to believe that any jackpot would be in uneven numbers. In other words, the announcement usually would say One lucky player won a $750,000 jackpot.

I think this was probab... [ More ]

Reply #1

NJ-HMAN — Sat, 17 Jan 2009 23:12:23 GMT

Since it is a parimutuel pool you must also take into account the winners of less then jackpot which will then reduce the $900K pool.

Strange way of announcing jackpot win

justxploring — Sat, 17 Jan 2009 17:28:18 GMT

Last night the estimated Florida MegaMoney jackpot was $900,000. The game is parimutuel, so the jackpot is based on the number of tickets sold. It had rolled from $500,000 to $700,000 and then to $900,000. The winner has a choice of a lump sum or $45,000 a year for 20 years.

One person hit last night right here in Naples and this is the press release. I just thought it was interesting, since that might be the cash value (before tax) I've never seen this before, so maybe it's an error. In Flo... [ More ]