CA first PB analysis

Reply #16

Jon D — Mon, 22 Apr 2013 16:52:42 GMT

The pari-mutuel prizes for CA could be called fair, but not quite equitable compared to other states in US Powerball. But even those other states have exceptions where pari-mutuel can be invoked under certain circumstances for 2nd/3rd prize, etc.

From the average of first 4 CA PB draws, here is the non-jackpot prize breakdown:

Prize Tier CA Prize US Prize Even Prize

5 + PB _ _ $9,734,639

5 + 0 $770,036 $1,000,000 $286,313

4 + PB $20,383 $10,000 $36,054

4 + 0 $105 $100

Reply #15

JKING — Mon, 22 Apr 2013 04:10:51 GMT

The payout table for Powerball in Califronia is niether just or fair to any of the winners. The para-mutuel law in California needs to have an exemption for national lottery games. Not only for fairness, but uniformity. Failure to make the law change will be a never ending thorn of expaining the payout inequity for California Lottery officials. The press will catch on eventually.

Reply #14

billionaire2bee — Sun, 21 Apr 2013 13:16:56 GMT

The game sucks?? Really? You know you say that then someone in CA will go and win like a 200 million dollar freaking jackpot....LOL

Reply #13

Original Bey — Sun, 21 Apr 2013 11:45:50 GMT

Believe In Something BIGGER

Reply #12

savagegoose — Sun, 21 Apr 2013 07:18:39 GMT

wow i used to complain about the powerball prize percentages out here. mainly the imbalance between prize level payouts, but woo Ca and well your powerball really sucks

Reply #11

whiteballz — Sun, 21 Apr 2013 05:40:12 GMT

PB payout for 04-20-2013

2 California winners will get $501 thousand each. for matching 5 + 0

4 winners from the other states will get $1 million each. for matching 5 + 0

Reply #10

whiteballz — Thu, 18 Apr 2013 05:00:19 GMT

PB increased by $15 million and is now at $95 million for the 30 year annuity. MM is at $83 million for the 26 year annuity but the MM cash value of $62.5 million is larger than PB's cash value of $61.3 million.

Reply #9

Original Bey — Thu, 18 Apr 2013 04:34:21 GMT

No million dollar winners from Cali tonight.

Reply #8

mightwin — Mon, 15 Apr 2013 02:49:31 GMT

I seen california had a good number of winners but what? Is the extra money with sales just going to fund their prizes? Should of had a bigger increase than the standard minimum $10 mill twice now

Reply #7

maximumfun — Sun, 14 Apr 2013 17:16:28 GMT

It's an honor just to play... **blush

Reply #6

noise-gate — Sun, 14 Apr 2013 17:12:11 GMT

Red- The California State Lottery got the approval for the game from the voters based on the money going for supplemental School Education projects.We are told that 97 cents or thereabouts from every Dollar is sent back to the schools.Taking their word, that's good enough for me.if no Californian win the jackpot, l am not wondering if my lost wager is lining the pocket of executives or the likes.

The prize table does suck though.

Reply #5

rdgrnr — Sat, 13 Apr 2013 22:38:17 GMT

I am shocked and appalled!

And somewhat taken aback.

Reply #4

Jon D — Sat, 13 Apr 2013 12:54:06 GMT

This should come as no surprise. Most lotto/draw games are designed to payback only 50% to the public in prizes. In the case of multi-state jackpot games, the public is expanded beyond the state to include other member states. For Powerball, the non-jackpot percentage returned to Cali is 18% which is the same as Mega Millions. Only reason it was less was that 2nd prize 5+0 rolled, so when next it hits, it will make up for that. And if a Cali wins next PB jackpot, it would exceed 100% returned as... [ More ]

Reply #3

dallascowboyfan — Sat, 13 Apr 2013 12:35:34 GMT

Welcome to our world redhot. If Powerball was easy there would be a jackpot winner every draw

Reply #2

hearsetrax — Sat, 13 Apr 2013 10:49:47 GMT

Reply #1

helpmewin — Sat, 13 Apr 2013 10:33:55 GMT

Welcome to Power Ball they never said it was gonna be easy just FUN

CA first PB analysis

redhot7 — Sat, 13 Apr 2013 08:43:53 GMT

According to CA Lottery, Californians spent $8,408,180 on the first PB drawing that the state has participated - the April 10 drawing. If you look at the Prize Payout table for the April 10 drawing, out of 8.4 million dollars spent, merely 655,174 dollars was returned to the Californians for prizes.

That was a return of about 7.8%. So on average, for every dollar that Californians spent that day, merely 7.8 cents went back to them as prizes. This game sucks.