Lotto TEXAS

Reply #9

RJOh — Sun, 23 Feb 2003 16:32:22 GMT

Gentlemen, I think you all miss the point of the MegaMillions and PowerBall games. The games make money for the participating states and that is their number one priority. They offer large jackpots turn arounds quicker then any of the states could by themselves. When you get a potential of 100 thousand players willing to spend $5-$100 when the jackpot gets over $100M, there is a good chance most of the possible combinations are going to be played and it unlikely the jackpots will reach the $3... [ More ]

Reply #8

CASH Only — Sun, 23 Feb 2003 15:02:30 GMT

Brad: If there are 60 million tickets sold for a certain Mega Millions drawing, it's VERY UNLIKELY that each ticket is for a unique combination. The higher the ticket sales, the more likely the possibility of multiple winners (last night's Powerball)-but, you need only ONE winner to send the jackpot back to the cellar.

Reply #7

Bradly_60 — Sun, 23 Feb 2003 14:51:51 GMT

Yeah but ok you have the population...you are selling lots of tickets....that will create bigger rollovers. But not as many rollovers. 1 in 135 million are long odds but they are not impossible. If they wanted those jackpots to reach monumental heights then they would have to have odds of 1 in 200 million or higher. With New York in the population base that is a lot of tickets they are selling. If the lotteries sell what 60 million tickets that gives almost a 1 in 2 chance that the jackpo... [ More ]

Reply #6

CASH Only — Sun, 23 Feb 2003 14:42:48 GMT

Brad, SMD: You both need to think about this. You NEED a large population base, as well as impossible jackpot odds, to create incredible jackpots. Remember that the LARGER the population base, the LARGER the rollovers, which more than offset the higher the probability of a jackpot winner.

Reply #5

Bradly_60 — Sun, 23 Feb 2003 14:32:06 GMT

But with that you have to realize with a bigger population base you are going to use more of the 135,000,000 possible combinations. You usually get higher jackpots with lower ticket sales and lots of rollovers.Brad

Reply #4

CASH Only — Sun, 23 Feb 2003 14:20:38 GMT

smd: Actually, the larger the population base, the higher the jackpot potential; bigger rollovers when the jackpot is not won.

Reply #3

smd173 — Sun, 23 Feb 2003 13:47:20 GMT

If Texas or any other state joins Mega Millions, they will NEVER and I mean NEVER, reach a $200 Million jackpot.It's really funny that the game has been around for about 7 or 8 months now and the closest they have come to the promised $300-500 Million jackpots is $165 Million.I've been surprised how often Mega Millions seems to be hit, considering the odds.

Reply #2

CASH Only — Sun, 23 Feb 2003 12:38:15 GMT

Todd: I voted for the 6/59, because TX has not passed legislation to go multi-state. After TX has Mega Millions (doubt they'd want PB) they could simply make the 6/59 two plays for $1 (though they would need new bet slips again).

Reply #1

Todd — Sun, 23 Feb 2003 12:28:50 GMT

Mega Millions

Lotto TEXAS

CASH Only — Sat, 22 Feb 2003 21:03:11 GMT

Lotto TX currently is a 6/54 game; however, by late spring, it is expected to adopt a two-drum format, like Mega Millions/Powerball/California Super Lotto Plus. Interestingly, the 5/44 + 1/44 game would NOT pay for a mega-ball only prize.