|Posted: June 25, 2005, 9:30 pm - IP Logged|
I was just on the California Lottery site and was looking at the number of winners they had in their first drawing. The payouts don't match the amounts that are shown by Mega Millions.
Examples: 5 matches $250,000 California paid out $290,411, 4+1 matches $10,000 California paid out $7,920, 4 matches $150 California $189, 3+1 $150 California $166. The only payout that matched was the 1+1 The Mega ball match only got $1.
I recall reading that all but the Jackpot payouts would be pari mutual so I,m guessing that's the reason? Am I correct?
Time is a wonderful teacher, but it kills all its students.
A man must consider what a rich realm he leaves when he becomes a conformist.