Lottery Game Design White Papers

Reply #8

Sunglasses — Thu, 19 Jan 2017 20:14:27 GMT

See above for the simulation. You can simulate playing all like 75 + 15 and winning 5 + 1.

The payouts depend of what is in the payable pot. Calculations can be improvised, depending of the lottery, there is a meeting to decide what they do with the money. A part of the money is going to schools, sport or other.

Reply #7

JADELottery — Thu, 19 Jan 2017 17:20:22 GMT

If the big ones would like a suggestion.

This would definitely juice things up.

But like we said, it's just a suggestion; multipliers aside of course.

We think the players would be pleased.

Powerball

Win

Actual

Suggested

0 + 1

$4.00

$8.00

1 + 1

$4.00

$18.00

2 + 1

$7.00

$140.00

3 + 1

$100.00

$2,800.00

4 + 1

$50,000.00

$180,000.00

3 + 0

$7.00

$110.00

4... [ More ]

Reply #6

JADELottery — Thu, 19 Jan 2017 16:31:17 GMT

what you are looking for might more on the financial part of the lottery, because that's what is going to determine payout structures.

however, from the player's perspective, the best we could do is to reverse engineer the process using the available information about payouts and odds.

hence, the Odd / Dollar; it a start, but needs further work.

Reply #5

lucky1day — Thu, 19 Jan 2017 14:10:07 GMT

Hi Guys,

Thanks for the replies, but I'm actually interested in how the tiers were design. There is obviously a mathematical relationship that keeps the game unbalanced toward the ticket buyer. If you look at the white ball structure for power ball, you will noticed that there are 10,801,392 tickets that could never win with a given combination. That leaves approximately 437,121 prizes. This balance has to be derived from some mathematical expression that is what I'm after.

Thanks aga... [ More ]

Reply #4

JADELottery — Thu, 19 Jan 2017 13:58:08 GMT

As you can see, the worst payout between the two is Powerball's 4 + 0 of just a $100.00.

Compared to Mega Millions' 4 + 0 of $500.00, Mega Millions has the better payout.

In both, the 3 + 1 is a poor payout.

What we've seen in the past is about a 10 Odd / Dollar or less as being a relatively good payout.

Anything above 10 Odd / Dollars is considered a poor payout, in our opinion.

Reply #3

JADELottery — Thu, 19 Jan 2017 13:36:54 GMT

One White Paper on payouts is:

But all kidding aside, there is a way to measure payouts to odds.

It's by the Odd / Dollar.

Or, Odds per payout Dollar, Odds / $Payout.

As an example, if we take the Pick 3 Straight payout of $500.00 and divide it into its odds of 1 in 1,000, we use 1,000 / $500.00 and get 2 Odd / Dollars.

The lower the Odd / Dollar, the better the payout.

Sticking with Pick 3, a 6-way Box pays out $80.00 and the Odds are 1 in 167, divide 167 by $80.00 we... [ More ]

Reply #2

RJOh — Thu, 19 Jan 2017 00:55:53 GMT

I did as I suggested in my previous post for games I've played when their jackpots are their lowest amount with cash option.

Buying all 258890850 MegaMillons combinations would cost $258,890,850.00 and payout $54,856,964.00 or 21% of sales.

Buying all 292201338 PowerBall combinations would cost $548,402,676.00 and payout $119,466.048.00 or 20% of sales.

Buying all 13983816 Ohio's Classic Lotto(6/49) combinations would cost $13,983,816.00 and payout $2,328,790.00 or 16% of sales.

B... [ More ]

Reply #1

RJOh — Wed, 18 Jan 2017 21:20:21 GMT

One thing I know is the payouts are about 50% of sales so the states make a profit. If you calculate all the possible winners and multiply them by their payout amounts, their total amount will be about 50% of the amount to purchase all the possible combinations.

Lottery Game Design White Papers

lucky1day — Tue, 17 Jan 2017 23:09:57 GMT

Hello Everyone,

Long time lurker, first time poster obviously.

I was hoping that someone could point me in the direction for information on how lottery games are designed in terms of payout structure. White papers or any other information would be great.

Here is an example structure using power ball (white balls only):

Total combinations: 11,238,513

Match 5: 1

Match 4: 320

Match 3: 20,160

Match 2: 416,640

Match 1 or 0: 10,801,392

I hope this is posted in the correct... [ More ]