Multi-state lottery jackpots are growing at a smaller pace

Reply #22

nist7seven — Sat, 07 Feb 2015 23:53:28 GMT

I think it's because MM lowered odds of winning AND PB doubled the ticket price. So less people probably playing and with PB regulars now can only put in half as much money and so they may be more careful with their lotto budget.

Alot of people I know only go into MM or PB when the jackpot is big like 100mil or 200mil+.

Reply #21

pickone4me — Sat, 07 Feb 2015 04:44:11 GMT

Now that sounds like a conspiracy theory....Good luck proving that one

Reply #20

zephbe — Sat, 07 Feb 2015 01:41:06 GMT

I usually get one ticket for each game. For some reason today I got two more MM tickets. May get 2 more PBs for tomorrow's drawing. I would be happy with a million dollar win.

Reply #19

Droptop6969 — Sat, 07 Feb 2015 01:28:15 GMT

My family sticks to MM, Don't matter how big PB gets.

Reply #18

PrinceRene — Fri, 06 Feb 2015 06:51:32 GMT

The PB jackpot grew +$43 million last rollover.

Reply #17

Deeyar948 — Thu, 29 Jan 2015 05:34:28 GMT

I think sales are down because people just get tired of throwing their money away on almost impossible game, yeah they might buy here and there defeinitly not like before

Reply #16

abjorik — Wed, 28 Jan 2015 04:51:25 GMT

I do not play MM since the matrix change. This is my principle.

Reply #15

alexnt55 — Mon, 26 Jan 2015 04:42:57 GMT

I posted 3 days ago about how much sales have dropped for the Mega Millions game the last couple of years. I was just checking out PB sales and its the same with it. It has rolled now 16 drawings and the advertised JP for it now stands at 261 million. The last drawing which had an advertised JP of 230 mill after 15 rollovers resulted in ticket sales of 55 mill. Less then 2 years ago when the JP was hit in May for 590 mill it was the result of 13 rollovers. After it had rolled 10 times the advert... [ More ]

Reply #14

Indianajoe — Fri, 23 Jan 2015 17:37:12 GMT

I too feel that they're capped. Illinois 6/52, 5/45 and Indiana 6/48 are capped no matter how many tickets are sold. For example; Illinois 6/52 goes up 250,000 when no one matches all six numbers, and lucky day lotto 5/45 goes up only 50,000 if no one matches all five numbers, Indiana 6/48 goes up 250,000 and then the next no match of six numbers goes up 300,000.

I am sick and tired of these lottery companies promising revenue to the above mentioned states at the players expense. I feel that... [ More ]

Reply #13

bigbear29 — Fri, 23 Jan 2015 16:53:57 GMT

Are you stating that people are getting the idea that some of the same states are winning the lottery from lottery post? I think they are getting that from watching and playing the game. It's not hard to see.

Reply #12

alexnt55 — Fri, 23 Jan 2015 08:00:54 GMT

People are not spending the money they did as recently as 2 years ago. Sales on the MM really seemed to drop when they changed the matrix. Jan of 2012 ticket sales for a 15 drawing period where the JP rolled 15 times were 536 mill and the annuity stood at 290 million. This last JP that was won after 15 rollovers the sales were 305 mill and the annuity stood at 172 mill. That is a 40% decrease in ticket sales from just 2 years ago. Powerball sales are also down and i am guessing in April when the... [ More ]

Reply #11

ttech10 — Thu, 15 Jan 2015 23:38:16 GMT

I've also quit PB. I used to do the occasional ticket when they had a large jackpot, but I do much better just sticking with MM now.

Reply #10

noise-gate — Thu, 15 Jan 2015 23:01:55 GMT

Well RJ- that raises another question...is the jackpot growth 20% slower? If so-well problem solved.LP members influence is grossly underestimated, and Todd makes no bones about this site being the largest of its kind on the face of this planet.For all we know, RJOH could be household name in Korea...

Reply #9

RJOh — Thu, 15 Jan 2015 22:28:57 GMT

That might be true of LP members but I'm guessing less than 20% of the players of those games are LP members.

Reply #8

noise-gate — Thu, 15 Jan 2015 22:18:01 GMT

it's growing at a slower rate because some people are buying into the notion that only a few States WILL win the jackpots- namely CA, NJ, FL, NY...etc.

Once an idea is planted that makes people say Yeah,that makes sense now that l think about it ..the mental brakes are applied.

Reply #7

Think — Thu, 15 Jan 2015 21:27:16 GMT

They keep adding too many new crappy games and there isn't enough money to keep them all going. They are hoping you are distracted and don't notice the divide and conquer strategy.

www.youtube.com/watch?v=VogHwP0C5VY

Reply #6

rcbbuckeye — Thu, 15 Jan 2015 16:17:44 GMT

Probably right.

As for me I decided to quit PB no matter how high it goes. They just keep screwing that game up the harder they try to fix it. I'll keep playing MM with the megaplier and be really happy to maybe hit second prize for at least 2 million. Along with 2 Step and Lotto that will keep me busy.

Reply #5

ttech10 — Thu, 15 Jan 2015 16:06:52 GMT

One thing to note, there's only a cash value of $35m difference between the two games. Both jackpots are high, so those people who play large jackpots are split between two games. Maybe someone who used to play $20 towards one or the other is now only spending $10 towards each.

Back in February, it definitely appears the higher PB jackpot affected sales of MM. the MM was growing slow while the PB jackpot was large, but once it was won, MM started growing by larger amounts than before.... [ More ]

Reply #4

KY Floyd — Thu, 15 Jan 2015 08:42:52 GMT

It should be incredibly obvious that the big jumps have always been caused by people buying more tickets than they do when jackpots are small. It should be almost as obvious that some regular players buy more tickets than they usually do, and some people who aren't regular players start buying tickets at some point. When a $200 million jackpot was unusually big people took the chance when it became available.

People still follow the same behavior when jackpots are unusually big, but that does... [ More ]

Reply #3

Ron5995 — Wed, 14 Jan 2015 13:47:35 GMT

It does seem jackpots are growing slower. If so, it's because fewer are playing. Adding more states, such as California, and allowing cross-selling of Powerball and Mega Millions have helped keep the jackpot games going, but it's getting ever more challenging to keep sales up...

Many players, me included, aren't overly excited playing jackpot games with even worse, astronomical odds that cost more to play than in the past. The thrill and excitement have long worn off for most who play. There... [ More ]

Reply #2

jjtheprince — Wed, 14 Jan 2015 13:46:05 GMT

Yeah, players seem to be turning up their noses to these paltry $200 million jackpots lol. Me, I play anytime it's $50m or better, which is almost always the case with PB's larger starting jackpot.

Reply #1

PrinceRene — Wed, 14 Jan 2015 11:52:29 GMT

there is no cap. The jackpot increases are based on ticket sales and interest rates.

Multi-state lottery jackpots are growing at a smaller pace

waryman — Wed, 14 Jan 2015 08:46:27 GMT

Anyone notice how much slower the jackpots for both the Mega Millions and Powerball are growing? At this range, the jackpots used to increase by 30+ million with each drawing. Now it seems they are being capped as the jackpot history for both shows much smaller growth than what has been happening in years past.

I am assuming that the jackpots have gotten so large so many times over the past two years that they decided to cap the growth rate in order to pay out less money.

Though... [ More ]