Only in California...

Reply #16

CDanaT — Fri, 28 Feb 2014 23:23:18 GMT

hmmmmm....Interesting.....I am not sure about that way.....but it is a bit intriguing...Thanks for the explanation

Reply #15

Jon D — Fri, 28 Feb 2014 23:02:58 GMT

It changes every draw because it's pari-mutuel and is based on sales and number of winners, and the 5+0 in particular doesn't get won often so it rolls over much of the time.

Here's all the winning 5+0 amounts for CA PB since launch: (the current average is $1,098,328)

Date 5+0 prize value

2/19/14 $1,444,906

2/12/14 $723,452

2/8/14 $1,294,116

1/22/14 $347,092

1/18/14 $3,167,202

12/11/13 $670,951

12/4/13 $1,072,680

11/20/13 $3,213,436

10/19/13... [ More ]

Reply #14

CDanaT — Fri, 28 Feb 2014 22:46:26 GMT

How often does this flucuate like this

Reply #13

JWBlue — Fri, 28 Feb 2014 21:29:32 GMT

In other words, pari-mutuel is actually a better option for players.

Not surprised. California gets a bad rap sometimes. Not in this case.

I wonder if that benefit applies to all prizes.

Reply #12

CopyCat — Fri, 28 Feb 2014 20:40:34 GMT

Hi rdgrnr,

I have to say that I have read your posts many times, and each time they make my day. You have such a great sense of humor, you should write a book on your view of life and Cicada's. I will never forget the day you were on a motorcycle and you said something to the effect of the wind and the cicada's blowing in your face maybe at 50 miles an hour. That was classic.

Have a great week rdgrnr,

CopyCat

Reply #11

Jon D — Fri, 28 Feb 2014 20:19:07 GMT

It is the prize value that is awarded to winners of the draw. Same for all the other tiers. My table shows the average of all those values since CA PB launch for all draws with a winner in that tier.

In your example, it would be the pari-mutuel prize value of $750K.(because the prize pool of $1.5M is split by 2 winners

Reply #10

JWBlue — Fri, 28 Feb 2014 20:01:35 GMT

Is that average prize value what is paid out to each winner or the total amount?

For example, the pari-mutuel could be $1.5 M, but if two people win they each get $750K.

In my example does the average prize value mentioned above refer to $1.5M or $750

Reply #9

Jon D — Fri, 28 Feb 2014 16:07:41 GMT

The OP's chart was just single draw prize values for 2/26 PB draw.

The long term average prize value per draw for CA PB 5/5 is actually a little over a million. See my chart above for long term average since CA PB launch.

But you also have to eat the ups and downs with pari-mutuel. See pictures above for some 5/5 extremes examples.

Reply #8

Jon D — Fri, 28 Feb 2014 15:57:47 GMT

Only in California

Reply #7

CDanaT — Fri, 28 Feb 2014 15:52:03 GMT

Most any other state you get 5/5 w/out the PB and it's usually $1 million(haven't researched all participating states) But in California it's ONLY $538,659(according to Bytheshore's chart above) ???..then take out fed taxes of 25%(almost $135K) more will come later ...Leaves roughly $403,000.00

Just for S G..let's change that to $1 million for the 5/5 and no PB like the rest of the country....take out the 25% for feds(250K and more to come later) and then lets add 12.3% for CA. state tax... [ More ]

Reply #6

psykomo — Fri, 28 Feb 2014 15:29:47 GMT

MGM:

My Kalie west coast friends tell me Mother Nature PI$$ED off again UP DOWN D COAST!!!!!!!!!!!!!

RAIN w/mud slides

SNOW w/snow slides

EARTHQUAKES forecast by the cats

FIRE w/drough before the rain

Only in California

Reply #5

mightwin — Fri, 28 Feb 2014 15:07:45 GMT

I wouldnt say they are getting screwed at all, since players have no state taxes on lottery winnings in california

Reply #4

maringoman — Thu, 27 Feb 2014 21:38:00 GMT

What the hell is this?? wow. Californians getting screwed by their lottery again after being denied the PP and MP opportunity. Thats what I call up-side down logic.

Reply #3

Jon D — Thu, 27 Feb 2014 19:38:00 GMT

Yep, the 1+PB prize often gets shafted for CA pari-mutuel Powerball.

It doesn't have to be this way though.(pari-mutuel normally results in slightly higher average prize values) They just need to tweak the prize share percentages a bit.

The old and new MM were/are slightly tweaked away from the straight statistical allocations per prize tier for CA pari-mutuel versions. Not sure why they didn't do this with PB. Will they fix it? Who knows, only if people make a fuss I'd imagine.

As we a... [ More ]

Reply #2

CAScratcher20 — Thu, 27 Feb 2014 18:52:22 GMT

It already happened many times before actually, its almost twice as hard to get 1 w/PB than 0 w/PB, but the prizes are the same. It sucks that many times 3 w/o PB or 2+PB is $6 as well. Only one time I saw 3 w/o PB it go for $8.

Powerball in CA is mainly about getting 4 w/PB, 5 w/o PB, or winning the Jackpot. 4 w/PB is usually over $10k which is the prefixed amount in other states.

Though 5 w/o PB rolls over if there is no winner, it will not be $1Million in a single draw unless the Jackpo... [ More ]

Reply #1

rdgrnr — Thu, 27 Feb 2014 18:22:00 GMT

I would petition Governor Moonbeam to see if he could come up with an environmentally-sound and earth-friendly, green-energy solution to that problem.

And if he refused to act, I would call Sean Penn and have him comb his little Frenchman mustache and get to work mobilizing Hollywood.

Only in California...

bytheshore — Thu, 27 Feb 2014 15:59:12 GMT

does matching MORE numbers = LESS money.

POWERBALL

Detailed Draw Results for California

Matching Numbers Winning Tickets Prize Amount

5 + Powerball 0 $50,000,000

5 0 $538,659

4 + Powerball 4 $10,694

4 91 $78

3 + Powerball 114 $97

3 4,240 $6

2 + Powerball 2,160 $6

1 + Powerball 12,714 $3

Powerball 23,126 $4

Thanks a lot, pari-mutuel.