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Merging Powerball and Mega Millions?

Topic closed. 13 replies. Last post 12 years ago by ryanm.

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Oregon
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February 23, 2005
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Posted: April 2, 2005, 6:13 pm - IP Logged

Imagine if the two combined into one giant, truly national lottery.

Make the odds 1 in 250 million or something along those lines.

Make the Jackpots start at 30 million, possibly climbing up to 500 or 600 million.

They could call it Mega Ball.

Good idea?

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    Chief Bottle Washer
    New Jersey
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    Posted: April 2, 2005, 6:17 pm - IP Logged

    Personally, I like having two separate games, rather than one big game.  Also, I think at some point the laws of diminishing returns kicks in.  The odds get so high that the effect of a larger player base matters less.

     

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      Posted: April 2, 2005, 6:20 pm - IP Logged

      America needs a national lottery. It would help bring the nation together, everyone chasing half a billion dollars. But one thing that the game would need is easy to win smaller prizes, to keep people encouraged. Maybe 6/48 + 1/20

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        Morrison, IL
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        Posted: April 2, 2005, 7:13 pm - IP Logged

          That would make the odds of winning the jackpot 1 in 245,430,240.

          I suppose a national lottery with this matrix could work.

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          Wisconsin
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          Posted: April 2, 2005, 7:31 pm - IP Logged

          combining powerball and megamillions...i get nervous even thinking about it and truly prefer keeping the two separate multi-state jackpot games

          even if for no other reason than diversity and variety

          ... the lottery never fails to surprise!
            LOTTOMIKE's avatar - Lottery-063.jpg
            Tennessee
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            Posted: April 2, 2005, 8:38 pm - IP Logged

            i think powerball and mega millions will always be around,but does anyone think there would be a chance that either one might go out of business or fail to attract players after a certain amount of time,or better yet does anyone think there might be room for a third multistate game structured like them?

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              Posted: April 2, 2005, 10:03 pm - IP Logged
              Quote: Originally posted by ryanm on April 2, 2005

              Just for fun, I created a possible prize structure for a national 6/48 + 1/20 game. Prizes would be paid for matching 6+1, 6, 5+1, 5, 4+1, 4, 3+1, 3, 2+1, and 1+1 (but not 0+1, since it's not that much harder to hit 1+1 than it is 0+1). Assuming a prize pool of 50% of sales, and assuming 63.98% of the prize pool is for the jackpot, the following prize structure would be possible:



              Match                                 Prize                                  Odds                         % of Prize Fund



              6+1                                   Jackpot                               1 in 245,430,240.00    63.98%



              6                                      $350,000                            1 in 12,917,381.05      5.42%



              5+1                                  $7,500                                1 in 973,929.52         1.54%



              5                                      $500                                   1 in 51,249.45           1.95%



              4+1                                   $250                                   1 in 19,003.50           2.63%



              4                                      $20                                     1 in 1,000.18             4.00%



              3+1                                   $20                                     1 in 1,068.95             3.74%



              3                                      $2                                      1 in 56.26                  7.11%



              2+1                                   $4                                      1 in 146.18                5.47%



              1+1                                   $1                                      1 in 48.09                  4.16%


              I like it. I'd play it.

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                LOTTOMIKE's avatar - Lottery-063.jpg
                Tennessee
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                Posted: April 2, 2005, 10:17 pm - IP Logged

                  DoctorEw220's avatar - alien helmet.jpg
                  Yinzer Country, PA
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                  Posted: April 2, 2005, 10:39 pm - IP Logged
                  Quote: Originally posted by ryanm on April 2, 2005

                  Just for fun, I created a possible prize structure for a national 6/48 + 1/20 game. Prizes would be paid for matching 6+1, 6, 5+1, 5, 4+1, 4, 3+1, 3, 2+1, and 1+1 (but not 0+1, since it's not that much harder to hit 1+1 than it is 0+1). Assuming a prize pool of 50% of sales, and assuming 63.98% of the prize pool is for the jackpot, the following prize structure would be possible:

                  <SPAN style="FONT-SIZE: 9pt; FONT-FAMILY: Verdana">Match<SPAN style="mso-tab-count: 4">                                  </SPAN>Prize <SPAN style="mso-tab-count: 4">                                  </SPAN>Odds<SPAN style="mso-tab-count: 3">                         </SPAN>% of Prize Fund<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o:p></o:p></SPAN>

                  <SPAN style="FONT-SIZE: 9pt; FONT-FAMILY: Verdana"> 6+1<SPAN style="mso-tab-count: 3">                         </SPAN><SPAN style="mso-tab-count: 1">           </SPAN>Jackpot <SPAN style="mso-tab-count: 3">                               </SPAN>1 in 245,430,240.00<SPAN style="mso-tab-count: 1">    </SPAN>63.98%<o:p></o:p></SPAN>

                  <SPAN style="FONT-SIZE: 9pt; FONT-FAMILY: Verdana"> 6 <SPAN style="mso-tab-count: 2">                 </SPAN><SPAN style="mso-tab-count: 2">                     </SPAN>$350,000<SPAN style="mso-tab-count: 3">                             </SPAN>1 in 12,917,381.05<SPAN style="mso-tab-count: 1">      </SPAN>5.42%<o:p></o:p></SPAN>

                  <SPAN style="FONT-SIZE: 9pt; FONT-FAMILY: Verdana"> 5+1 <SPAN style="mso-tab-count: 1">   </SPAN><SPAN style="mso-tab-count: 3">                                </SPAN>$7,500<SPAN style="mso-tab-count: 4">                                </SPAN>1 in 973,929.52<SPAN style="mso-tab-count: 1">          </SPAN>1.54%<o:p></o:p></SPAN>

                  <SPAN style="FONT-SIZE: 9pt; FONT-FAMILY: Verdana"> 5<SPAN style="mso-tab-count: 4">                                      </SPAN>$500<SPAN style="mso-tab-count: 4">                                   </SPAN>1 in 51,249.45<SPAN style="mso-tab-count: 2">            </SPAN>1.95%<o:p></o:p></SPAN>

                  <SPAN style="FONT-SIZE: 9pt; FONT-FAMILY: Verdana"> 4+1<SPAN style="mso-tab-count: 3">                         </SPAN><SPAN style="mso-tab-count: 1">           </SPAN>$250<SPAN style="mso-tab-count: 4">                                   </SPAN>1 in 19,003.50<SPAN style="mso-tab-count: 2">            </SPAN>2.63%<o:p></o:p></SPAN>

                  <SPAN style="FONT-SIZE: 9pt; FONT-FAMILY: Verdana"> 4<SPAN style="mso-tab-count: 2">                  </SPAN><SPAN style="mso-tab-count: 2">                     </SPAN>$20<SPAN style="mso-tab-count: 4">                                     </SPAN>1 in 1,000.18<SPAN style="mso-tab-count: 2">              </SPAN>4.00%<o:p></o:p></SPAN>

                  <SPAN style="FONT-SIZE: 9pt; FONT-FAMILY: Verdana"> 3+1<SPAN style="mso-tab-count: 1">    </SPAN><SPAN style="mso-tab-count: 3">                                </SPAN>$20<SPAN style="mso-tab-count: 4">                                     </SPAN>1 in 1,068.95<SPAN style="mso-tab-count: 2">              </SPAN>3.74%<o:p></o:p></SPAN>

                  <SPAN style="FONT-SIZE: 9pt; FONT-FAMILY: Verdana"> 3<SPAN style="mso-tab-count: 4">                                      </SPAN>$2<SPAN style="mso-tab-count: 4">                                      </SPAN>1 in 56.26<SPAN style="mso-tab-count: 2">                  </SPAN>7.11%<o:p></o:p></SPAN>

                  <SPAN style="FONT-SIZE: 9pt; FONT-FAMILY: Verdana"> 2+1<SPAN style="mso-tab-count: 4">                                   </SPAN>$4<SPAN style="mso-tab-count: 4">                                      </SPAN>1 in 146.18<SPAN style="mso-tab-count: 2">                </SPAN>5.47%<o:p></o:p></SPAN>

                  <SPAN style="FONT-SIZE: 9pt; FONT-FAMILY: Verdana">1+1<SPAN style="mso-tab-count: 4">                                   </SPAN>$1<SPAN style="mso-tab-count: 3">                            </SPAN><SPAN style="mso-tab-count: 1">           </SPAN>1 in 48.09<SPAN style="mso-tab-count: 2">                  </SPAN>4.16%</SPAN>

                  <SPAN style="FONT-SIZE: 9pt; FONT-FAMILY: Verdana"><o:p> Overall odds of winning any prize eare approximately 1 in 21.09.</o:p></SPAN>








                  i would base the prizes differently.



                  6+1= Jackpot! (Starting at $25 million)



                  6= $500,000



                  5+1= $10,000



                  5= $2500



                  4+1= $500



                  4= $50



                  3+1= $25



                  3= $7



                  2+1= $5



                  1+1= $4



                  0+1= $3



                  i think this woulfd attract players' attentions better.

                  I've redone my website.  Go to www.dr-ew.com.  I kept a lot of the old stuff, and I've added some new stuff.  Look for more new stuff in the coming weeks.

                    MMGuy's avatar - waveform
                    Houston, Tx
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                    Posted: April 2, 2005, 10:46 pm - IP Logged

                    I agree  EW.

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                      Posted: April 2, 2005, 11:12 pm - IP Logged

                      I'd like that better too, but they'd have to cut into the jackpot.

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                        Morrison, IL
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                        Posted: April 3, 2005, 1:59 am - IP Logged

                          Also, match 3 should not pay more than match 2+1 because it is easier to match 3 than it is to match 2+1 under a 6/48 + 1/20 matrix.

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                          Posted: April 3, 2005, 3:58 am - IP Logged

                          ok. switch the two prizes then.

                          I've redone my website.  Go to www.dr-ew.com.  I kept a lot of the old stuff, and I've added some new stuff.  Look for more new stuff in the coming weeks.

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                            Morrison, IL
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                            Posted: April 3, 2005, 12:38 pm - IP Logged

                              I would also switch the match 4 and match 3+1 prizes, since it's slightly easier to match 4 than it is to match 3+1.  Adopting DrEw's prize structure would give only 4.03% of the prize pool to the jackpot winner.  Under a 50% return rate, this means only $0.02 of every $1 played would go to the jackpot, which sort of defeats the purpose of a high rolling jackpot game.

                              BTW, the odds of matching 0+1 under a 6/48 + 1/20 matrix are 1 in 46.79.