Lotto Jackpot Questions

Reply #6

GiveFive — Fri, 07 Jul 2023 16:51:08 GMT

Prior to living Florida I was a resident of The State of New York.

It was quite a few years ago (but I dont think it was more than 10 years ago) that The NY Lottery offered an online game called Sweet Million . It was a 6/40 game with 3,838,383 to 1 odds to win one million dollars provided you matched all six numbers that were drawn. It's hard to find an online game with odds that low to win a million dollars.

Players absolutely hated the game. It had lousy lower tier prizes... the seco... [ More ]

Reply #5

GiveFive — Fri, 07 Jul 2023 13:18:44 GMT

The Lottery Officials would not and could not by law pay you the jackpot twice. The advertised jackpot amount is a fixed amount. However, they'd probably cut you one check for the full amount of the advertised jackpot (minus taxes) but that's IF you are the sole winner.

If you were not the sole winner, then the parimutuel aspect of the game kicks in. If you had either of two winning tickets or two identical lines printed on your ticket then you'd win two thirds of the advertised jackpot amo... [ More ]

Reply #4

GiveFive — Fri, 07 Jul 2023 12:58:29 GMT

Why play like that? There definitely are a couple of good reasons why players do it.

Players in NY and Florida commonly play the same set of five numbers multiple times in their respective states Pick5 games. Because the jackpots are parimutuel (divided equally among all winners) a player can steal money from the other winners of the jackpot by playing the same set of numbers multiple times. The parimutuel-ness of the game can be tipped in one players favor.

For instance - if the total

Reply #3

Murgatroyd — Thu, 06 Jul 2023 16:43:37 GMT

Instead of getting the whole jackpot, you'd get two halves of the jackpot. The only practical difference from a single ticket win is that if you wanted to, you could take the lump sum for one ticket and the annuity for the other.

Reply #2

L J1 — Wed, 05 Jul 2023 22:17:04 GMT

Why play like that... I totally agree. I would never play like that.

The person I was discussing that topic with... Just doesn't know the value of a wheel.

Thx

Reply #1

rcbbuckeye — Wed, 05 Jul 2023 21:34:18 GMT

Each winning ticket is paid a share of the jackpot. So you would be paid the whole jackpot but I suppose they could/would pay you 2 checks totaling the prize.

Question for me is ....why play like that

Lotto Jackpot Questions

L J1 — Wed, 05 Jul 2023 19:13:24 GMT

Question 1) Let's say for example, I bought two tickets from a state lotto game such as the MI Lottery's 6/47 game.

The first ticket was a computer pick, and the second ticket, I copied the same set of six lotto numbers from the first computer pick onto a MI 6/47 play slip for the same draw. The nightly MI 6/47 draw takes place and my six lotto numbers are selected as the winning six lotto numbers drawn. After the results are tallied, two tickets matched all six winning numbers, I'm the only... [ More ]