|Posted: March 10, 2005, 10:06 pm - IP Logged|
I think huge odds could be successful if you had two jackpots.
California makes this possible for Mega Millions. You could have a rolling jackpot similar to the current one, odds of 1:135,000,000, and then another rolling jackpot with odds of 1:1,000,000,000 that would just roll on forever and ever.
70% of the jackpot money could go to the regular 1:135M odds, which, when California joins, could mean similar rolls to what we see now. Then 30% would go into the mega jackpot which would roll until it was won, once every year or two.
So you could advertise a jackpot of $600 million, and still have a second prize of $85 million.