California - Highway Robbery in Progress

Reply #35

Stack47 — Mon, 29 Apr 2013 04:11:04 GMT

The rules on an aggregate payoff vary from state to state.

From PA: For any drawing, if prize liability exceeds the lesser of 300 percent of Mega Millions sales or sales plus $50 million, then these prizes become pari-mutuel.

On the record MM drawing last year the total sales were $31 million or enough for 372 $250,000 payouts.The PB aggregate can't exceed $25 million.

Of course its not likely, but neither was the fortune cookie incident.

It's unlikely any of the small volume PB s... [ More ]

Reply #34

noise-gate — Mon, 29 Apr 2013 03:21:54 GMT

And...

In 2004, Gov. Arnold Schwarzenegger, as part of his redesign of California government, suggested that California join a multi-jurisdictional lottery. In June 2005, the Lottery Commission voted to join Mega Millions.[17]

California is unique among the 44 Mega Millions participants in that all nine prize levels for Mega Millions within its borders are always parimutuel, rather than each non-jackpot prize having a set value. This leads to different prize amounts for equivalent winners

Reply #33

noise-gate — Mon, 29 Apr 2013 02:51:28 GMT

For educational purposes...

parimutuel betting is a form of betting in which bets are pooled together before an event and distributed amongst those who managed to bet correctly once the outcome has been determined. It is a common form of betting for sports events such as horse racing, and the practice is widespread throughout the world. In some cases, parimutuel betting may be the only legal form of betting available.

The parimutuel betting system was developed in France in the late 1800s,... [ More ]

Reply #32

KY Floyd — Mon, 29 Apr 2013 02:23:05 GMT

Of course its not likely, but neither was the fortune cookie incident.

There have been over a thousand powerball drawings. How many times have they had a result that was far from what they expected? If the fortune cookie incdent happened today it would cost the PB states about $100 million more than they expect to pay out. That's about half of the profit they made in 3 or 4 days last November.

Every state has the option of making a parimutuel payout in the event of an anomalous result tha... [ More ]

Reply #31

Ronnie316 — Sun, 28 Apr 2013 21:17:07 GMT

According to probability yes, but in reality (thanks to the fortune cookie incident) it has been proven that the same 5 numbers can be played (and win) dozens of times...

If you think about it, a person with a hunch could spend $200. on 100 lines all the same numbers and set the state back $100 million. ...

Of course its not likely, but neither was the fortune cookie incident.

Reply #30

Stack47 — Sun, 28 Apr 2013 21:06:55 GMT

Another player in another state could have won $2 million playing the same five numbers with a $3 PowerPlay ticket. Had two players spent $4 playing the same five numbers in Cali, each ticket is worth $650,000. The $1.3 million winner not only had to beat those odds, but had to beat the odds against multiple winners. The Cali lottery officials will say it's because California regulations are different and many other Cali's regulations are different than in other states.

Since it only effects... [ More ]

Reply #29

KY Floyd — Sun, 28 Apr 2013 00:17:02 GMT

The laws of probability say that California would be perfectly safe having fixed prize amounts, nut the legislators apparently have some issue with it. Mayne they've got some completely illogical reason for having parimutuel payouts, or maybe they just can't grasp the math. California may be better than some other states, but there are definitely a lot of legislators who apparently don't understand science.

If I was in California I'd be paying attention to whether or not there were any 5+0 wi... [ More ]

Reply #28

JKING — Sat, 27 Apr 2013 06:06:42 GMT

Hi,

Thanks for taking the time to respond.

I am not getting worked up. I am simply making an argument about California making the Mega Millions and Powerball games non-uniform from everyone else. As a customer (a California resident), I am putting forth an opinion. If you read some of the responses on this thread, I am not alone in my point of view. If the lottery doesn't want to listen to or care what the customers are saying......

Sorry we are on different sides of the coin when it... [ More ]

Reply #27

rdgrnr — Fri, 26 Apr 2013 23:33:51 GMT

I hope the California Lottery wrote out Tom Ngumi's real check better than they wrote out that big fake one.

I wonder what politician's brother-in-law was responsible for that

Reply #26

noise-gate — Fri, 26 Apr 2013 16:47:23 GMT

Whoa JKing- looks like you got your lunch handed to you there bud..

What's your response to this information

Reply #25

Ronnie316 — Fri, 26 Apr 2013 15:31:51 GMT

Nice hit for Tom. Best wishes and enjoy the big win Tom.

Reply #24

Jon D — Fri, 26 Apr 2013 15:21:44 GMT

Why are you so worked up about this? I don't get it. You posted in many threads about this and started a new one here to express your outrage. Why be so unhappy?

I bet this guy who won $1.3M for the first CA PB 5/5 prize is feeling REAL bad. Yeah, he's crying all the way to the bank I'm sure:

And even those poor folks who got *shafted* on the last draw only won $280K, I'll bet they are real angry and p'd off, and getting all lawyered up to sue right now! not! I'd be happy with $280K, y... [ More ]

Reply #23

JKING — Fri, 26 Apr 2013 11:30:35 GMT

Hi,

Thanks for taking the time to reply KY Floyd.

Here's the thing...The pari-mutuel laws in California are outdated for the national lottery game platform. They need to be amended to fit the industry standard.

The in-state games, which was what the laws were created for, need not be changed or amended.

Why vary a proven business formula that works for all the other states and the players as well? Unless there is the usual motive of squeezing extra money out of deserving people.... [ More ]

Reply #22

KY Floyd — Fri, 26 Apr 2013 04:00:06 GMT

I would not be happy if I thought I was supposed to win a million

The information is readily available for anyone who wants to have a reasonable idea of what they're doing when they play the lottery. If you played PB in California and thought you were supposed to win a million dollars there's only one person to blame and it's you. California has been making parimutel payouts for a long time, and that info is easily available. It also would have been easy to make a fairly accurate guess at ho... [ More ]

Reply #21

KY Floyd — Fri, 26 Apr 2013 03:50:24 GMT

Extrapolating the figues for Powerball in my previous post..

$1,430,032 short fall for winners x 104 draws per year= $14,872,332 annually

First, if you were right about how it will work out, the shortfall would be $104 million, not 14 million. The problem is that besides making the simple arithmetic error, you don't understand the probability that the lottery relies on, or even how the number of winners varies from drawing to drawing.

You started by assuming that there will be 2 w... [ More ]

Reply #20

HoLeeKau — Thu, 25 Apr 2013 22:58:25 GMT

Only 2 of the 87,389 got less than they would have in other states.

Sure, only 2, but they were a BIG 2. I would not be happy if I thought I was supposed to win a million and got less than 1/3 of that. $280K

Reply #19

redhot7 — Thu, 25 Apr 2013 22:51:39 GMT

I agree. I won't play PB anymore. I would compensate that by spending more money on MM and SLP.

Reply #18

whiteballz — Thu, 25 Apr 2013 22:34:11 GMT

Yes, $750,000 sounds like a decent compromise. I was really excited at the idea of CA joining Powerball because I thought all the new Cali players and their money would help us get larger jackpots quicker but if sales in Cali don't pick up until the PB jackpot is already huge, then there really isn't much of a benefit.

Reply #17

maringoman — Thu, 25 Apr 2013 22:19:41 GMT

I agree. I hope Cali people can end this self discrimination. If the two had recieved $750,000 then it wouldn't have been so bad.

Reply #16

whiteballz — Thu, 25 Apr 2013 21:48:09 GMT

I really don't care. Ultimately, people will vote with their wallets. After the first California Powerball drawing, PB sales in California have been languishing and it doesn't take a rocket scientist to understand why.

Reply #15

THRIFTY — Thu, 25 Apr 2013 21:44:25 GMT

HOW TO WIN THE LOTTERY BY NOT PLAYING=SAVE YOUR MONEY TO PLAY THE LOTTERY SOMEDAY.

Reply #14

noise-gate — Thu, 25 Apr 2013 21:43:05 GMT

Semantics- $1.00 instead of $2.00, come on whiten- if it makes you feel good you got me there l will do a mea culpa..ok?

As for defending the lottery, come on.l am merely pointing out the differences. Why does California not follow suit in lottery payouts? Perhaps you should look into it since they do not intend going the same route as other States, is that bad, they don't think so.

Reply #13

whiteballz — Thu, 25 Apr 2013 21:24:17 GMT

you can have it both ways. There are states that don't tax lottery winnings and payout a million for 5 without the Powerball.

Ultimately the question should be will l ever win and if l did, would l moan about what l got in return from putting down a buck?

Please tell me where someone can buy Powerball tickets for one dollar. Last time I checked Powerball tickets were $2.

Why are you so quick to defend the California Lottery commission anyway? Do you work there or something? It's all a... [ More ]

Reply #12

noise-gate — Thu, 25 Apr 2013 20:57:58 GMT

Earlier you posted that California does not have a State Tax on the Lottery. If you factor in what the other States taxes haul in from their winners- you would see the way California operates. You cant have it both ways.

Ultimately the question should be will l ever win and if l did, would l moan about what l got in return from putting down a buck

Reply #11

whiteballz — Thu, 25 Apr 2013 20:42:24 GMT

hitting 5 without the Powerball is probably a once in a life time event, you should get at least a million dollars for it in my opinion.

Reply #10

maringoman — Thu, 25 Apr 2013 20:29:33 GMT

When I saw that the 2 second prize winners each won only $280,630 my jaw dropped. I know most of us will never hit the second prize but still....

Reply #9

noise-gate — Thu, 25 Apr 2013 19:45:17 GMT

As a concerned non citizen of California- l would submit to you that you write the State Lottery Commission asking these questions. I am sure this has been addressed in the past and the answers should be forthcoming. There is a reason why California has not followed the other States in their payout structure, but hearing it from them may allow you to pull your horns in...in other words get out of beast mode .

Reply #8

JKING — Thu, 25 Apr 2013 19:22:55 GMT

Hi,

Thanks for taking the time to reply. However, consider this as a California resident who considers the Mega Millions and Powerball payout structure as unfair as compared to the numerous other states.

Extrapolating the figues for Powerball in my previous post..

$1,430,032 short fall for winners x 104 draws per year = $14,872,332 annually. For a billion dollar industry, is this enough to risk the reputation of the California lotterry on?

I can appreciate that you and others asso... [ More ]

Reply #7

noise-gate — Thu, 25 Apr 2013 18:22:06 GMT

The lottery Committee meets on a regular basis in an open forum invites participation.Of every Dollar played-97 cents goes back to the education system along with prizes.I take it that the amendments that you mentioned have already been addressed. Mega millions has been in the State for quite awhile. I have yet to hear of complaints from the State's residents of the lottery being unfair - its always coming from outsiders.

Reply #6

JKING — Thu, 25 Apr 2013 18:15:23 GMT

Well lets see..

2 players - 5 of 5 winners did not recieve 2 x $719,370 = $1,438,740 from the standard model.

4 players - 4 of 4 w/pb recieved 4 x $1,142 = $4,568 greated than the standard model.

138 players - 4 of 4 recieved 138 x $9 = $1242 greater than the standard model.

207 players - 3 of 3 w/pb recieved 207 x $14 = $2,898 greater than the standard model.

So....

$1,438,740 less than the standard model

$8,708 greater than the standard model

________________

$ 1,430... [ More ]

Reply #5

JKING — Thu, 25 Apr 2013 17:52:50 GMT

Correct me if I am wrong, but the voter approval was before either Mega Millions or Powerball were available. The laws need to be amended for the national platform.

I'm sure the other states are having thier financial up and downs also, but have not dumped the lottery. That would lead me to believe that they are making money the long run.

Thanks for your reply.

Reply #4

KY Floyd — Thu, 25 Apr 2013 17:03:42 GMT

Maybe you should go back and read your last thread whining about California's parimutuel payouts. You could also pay attention to what you just posted, and see that of 87,389 winning tickets 349 paid about 10% more than they would have in other states. Only 2 of the 87,389 got less than they would have in other states.

The average payouts for California players will be the same as the payouts for players in non-parimutuel states. Unlike those other states, players in California will have the... [ More ]

Reply #3

noise-gate — Thu, 25 Apr 2013 16:52:07 GMT

California is operating on a system that was approved by the voters.Just the other day some State paid out multi millions for pick 4 winners when the money collected was much less than that which was paid out. When the State lottery functions in the Red, major trouble looms.California knows about deficits. ...

Reply #2

whiteballz — Thu, 25 Apr 2013 16:37:52 GMT

that's horrible! Can you imagine matching 5 without the Powerball and finding out you're only getting 280K? The only good thing about being a California lottery player is no state tax on lottery winnings. If Cali ever decided to tax lottery winnings, Cali would be the worst place in the nation to play.

Reply #1

helpmewin — Thu, 25 Apr 2013 15:21:22 GMT

Thanks for posting

California - Highway Robbery in Progress

JKING — Thu, 25 Apr 2013 14:37:39 GMT

I guess it's fair if you are the one doing the robbing.

Detailed Draw Results for California

Matching Numbers Winning Tickets Prize Amount

5 + Powerball 0 $116,000,000

5 2 $280,630

4 + Powerball 4 $11,142

4 138 $109

3 + Powerball 207 $114

3 7,643 $7

2 + Powerball 3,823 $7

1 + Powerball 25,202 $4

Powerball 50,370 $4

Total Winning Tickets 87,389 See Past Results

Wednesday, April 24, 2013

Each prize amou... [ More ]