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my idea for a multi-state lotteryReply
I think you've made a mistake, presumably in point 4. You know the chance of matching 6 of 68 is 1 in 109.45 million, so you should expect 1 jackpot winner for every 109.45 million tickets. With 10 cents from each ticket going to the jackpot you'll have just under $11 million each time you pay a winner $25 million. You could do that with an annuity, but if you hand out cash you have a problem. To fully fund a cash prize of $25 million you'd need 22.84 cents from each ticket to go to the jackpot.
Dec 12, 2025, 4:53 pm - Tucker Black - Lottery Discussion Forum

my idea for a multi-state lotteryReply
4) 10 cents of each ticket gets added to the jackpot. Thoughts? I think you've made a mistake, presumably in point 4. You know the chance of matching 6 of 68 is 1 in 109.45 million, so you should expect 1 jackpot winner for every 109.45 million tickets. With 10 cents from each ticket going to the jackpot you'll have just under $11 million each time you pay a winner $25 million. You could do that with an annuity, but if you hand out cash you have a problem. To fully fund a cash prize of $
Dec 12, 2025, 2:40 pm - KY Floyd - Lottery Discussion Forum

Are you playing Mega Millions with the $5.00 per play?Reply
They had to have cheated. Don't be ridiculous. It's so easy to win there's no reason to cheat even if you could. One complaint would justify being upset with the price increase, a constant complaint is overkill. You know that there are two of you that are making your complaint over and over, right? I could understand someone like Elon Musk calling $10 million measly I don't imagine anyone here actually thinks any of the advertised jackpots are chump change, but so far I do
Dec 6, 2025, 12:23 am - KY Floyd - Lottery Discussion Forum

Mega Millions and Powerball RaceReply
The supported jackpot is $69.7 million whereas in the previous run, the supported jackpot was $66.9 million. And the cash value is now 41.9 vs 39.9. The annuity value is 4.19% higher than in the previous run, but cash value, which is a direct measurement of sales is 4.77% higher. That may be an indication that as players buy in when the jackpot gets bigger the $5 price becomes something they're okay with at lower jackpot levels, too. Or it might just be because very high jackpots tend t
Nov 30, 2025, 7:59 pm - KY Floyd - Lottery Discussion Forum

Are you playing Mega Millions with the $5.00 per play?Reply
Measly Millions past Billion Dollar Jackpots other than 12/27/24 3/26/24; April 21, 2023 - Aug. 8, 2023, $1.602 Billion/783.3M Cash - 31 rollovers Oct. 18, 2022 - Jan. 13, 2023 $1.348 Billion/$707.9M Cash - 25 rollovers April 19, 2022 - Jul. 29, 2022 $1.337 Billion/$747.2M Cash - 29 rollovers Sept 18, 2020 - Jan. 22, 2021 $1.05 Billion/$739.6M Cash - 36 rollovers Remaining 3 MM Jackpots below $1 Billion in the top 25: Jun 7, 2024 - Sept. 10, 2024 $800 Million/$401.8
Oct 13, 2025, 12:35 am - CDanaT - Lottery Discussion Forum

If You Won BIG, Would You Perform Risk Management?Reply
A few factors would play into my path forward: 1. After tax amount won. Is it $200M take home? Taking the Annuity or Cash Value(roughly 46% of $200M) minus fed taxes ? 2. Estimation of years life left(plus 5). 3. Purchase of Gold and Silver to cover life expenses for at least 25 years - through private sales and places such as APMEX/Hero Bullion etc. 4. Cash on hand(depends on #1) 5. CDs at multiple local banking facilities 6. Hire the professional....There are numerous
Sep 24, 2025, 10:10 am - CDanaT - Lottery Discussion Forum

LOTTERY POST 25TH ANNIVERSARY GIVEAWAY #4Reply
The Lucky for Life jackpot can be payed out as: 1. A lump sum of $5,750,000 before taxes . 2. An annuity of 365,000 a year before taxes. The prize is guaranteed for 20 years in the event of the death of the winner. If you collect the first 365K and die that year, your beneficiaries will be paid out 365K each year for 19 years. That's what they mean by a 20 year guaranteed. Otherwise you will be paid 365K until you die, whether that's for 21, 30, 40 or 50 years. Not su
Sep 16, 2025, 3:05 pm - JustMaybe - Lottery Discussion Forum

Are you playing Mega Millions with the $5.00 per play?Reply
So a slow climb to a billion is arguably the game working as designed, not underperforming. Not really design, but I think MM was hoping that ticket sales wouldn't have dropped as much as they did. They're making more money on each drawing for a given jackpot, but it has now been over 18 months since their last jackpot over $1 billion. While I think they hoped for more ticket sales, I think both games are designed to occasionally produce the larger than average jackpots that results in unus
Yesterday, 5:38 pm - KY Floyd - Lottery Discussion Forum

Mega Millions and Powerball RaceReply
the price hike could have been a response to slowing sales There's absolutely no question about it. Lottery revenue has been generally going downhill for years and the lotteries have been trying to stop the decrease or at least slow it down. One of the first huge jackpots was when MM reached $656 million in March 2012 on the 18th drawing. It reached 290 on the 16th drawing and then increased 73 363 and 293 656. A year and a half later in December 2013 it reached $257 million on drawing
Nov 27, 2025, 3:04 am - KY Floyd - Lottery Discussion Forum

Mega Millions and Powerball RaceReply
In Colorado, we have a $50 scratcher with a top prize of $3 million. Unlike MM, you really do get $3 million, not half that as a cash value. The probability of winning $3 million is 1 in 600,000. This is 48,412% better than MM. It's 4,841% better after adjusting for the price difference (probability of winning the MM jackpot with 10 tickets). The payback percentage for this $50 scratcher is 80%. Even with the current jackpot of $391.7 million, the value of a $5 MM ticket is $2.47, just u
Nov 7, 2025, 4:00 pm - Tucker Black - Lottery Discussion Forum