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Where does the starting jackpot come from

Topic closed. 4 replies. Last post 12 years ago by NewClub.

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IL
United States
Member #15146
May 10, 2005
103 Posts
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Posted: May 28, 2005, 11:01 am - IP Logged

With pb and mm where does the starting 10million come from?

    Tnplayer805's avatar - G 14_v78828750_Small.JPG
    North Dakota
    United States
    Member #13397
    April 5, 2005
    1623 Posts
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    Posted: May 28, 2005, 11:12 am - IP Logged

    Those are soon going to be changed this summer.  MM is going to 12 million and PB is going to 15 million.  Where they come from??  I don't know. 

    How are you going to win if you don't play?

      Shawnintennesse's avatar - British Pint_414_.jpg
      Springfield,Ohio
      United States
      Member #14006
      April 19, 2005
      3972 Posts
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      Posted: May 28, 2005, 11:22 am - IP Logged

      It comes off the intrest that there making off from annuitys they have in there account...

      If it weren't for Vtracs and STXS where would we be?

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        Morrison, IL
        United States
        Member #4657
        May 13, 2004
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        Posted: May 28, 2005, 3:34 pm - IP Logged

          It's just some reasonable number based on forcasted initial sales and the odds of hitting the jackpot.  Normally, the cash option value of the starting jackpot is higher than the actual amount in the prize pool for the jackpot for sales at that level.  They only start it at $10 million because odds are nobody will hit it.  Then they need apply only the minimum rollovers until sales can justify going beyond that.

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          United States
          Member #12495
          March 15, 2005
          76 Posts
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          Posted: May 28, 2005, 5:51 pm - IP Logged

          I think it is a debt which will be covered by the proceding sales. That debt actually will be borrowed from their cash reserve if someone do hit the JP.