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Did anyone notice the awesome 3rd tier Calif Mega Millions prize?

Topic closed. 22 replies. Last post 11 years ago by Todd.

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Todd's avatar - Cylon 2.gif
Chief Bottle Washer
New Jersey
United States
Member #1
May 31, 2000
23275 Posts
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Posted: July 13, 2005, 1:22 pm - IP Logged

Sorry, I don't agree with your "squat" comment.  That's overboard.

It's the luck of the draw.  It's called "gambling".  In California, you're "gambling" even more, because of the pari-mutuel prizes.

I would agree that they need to serious take a look at how their 2nd prize amount is determined, as the $85K is WAY TOO LOW.

http://www.usamega.com/mega-millions-drawing.asp?d=7/12/2005

 

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    RJOh's avatar - chipmunk
    mid-Ohio
    United States
    Member #9
    March 24, 2001
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    Posted: July 13, 2005, 2:11 pm - IP Logged

    Todd,

    "Squat" might be an exaggeration, but one of the other state has five 2nd prize winners and each get $250,000 and California has three 2nd prize winners and it divides ~$250,000 among them makes MegaMellionsCalif and MegaMillions look like two different games.  California shares the MM jackpot and gets the bragging rights of the MM game for a game that's only played in California.

    RJOh

     * you don't need to buy more tickets, just buy a winning ticket * 
       
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      RJOh's avatar - chipmunk
      mid-Ohio
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      March 24, 2001
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      Posted: July 14, 2005, 10:05 pm - IP Logged

      I checked both the websites of California and New York and both states contribute 32% of their MegaMillions tickets sales to the jackpot and use 18% of those sales to pay the other prizes.  I assume the same is true for all MegaMillions states although they don't post it on their websites.  Since California decided to go pari-mutuel after each game, winners won't know what they've won until after the money is counted and divided by a formula that depends on the number of winners in the state and California will never have to carry a big lost or a big gain to future games.  With their fixed amounts the other states will pay out an average of 18% of sales over a long period of time unless they have one of those fortune cookie event and Californian who match 5+0 will probably never average $250K per win.

      RJOh

       * you don't need to buy more tickets, just buy a winning ticket * 
         
                   Evil Looking       


        United States
        Member #9579
        December 12, 2004
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        Posted: July 14, 2005, 10:35 pm - IP Logged

        prediction:california will win megamillions very soon,they have to let them!!


          United States
          Member #16612
          June 2, 2005
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          Posted: July 15, 2005, 12:43 pm - IP Logged

          It depends on luck. I hope CA does win Mega Millions jackpot, but then an injuction forces CA to shut down the game.

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            Greenwich, CT
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            Posted: July 15, 2005, 12:47 pm - IP Logged

            Why don't you want MM in your state?  Not very much fun playing for $122m?

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              FLORIDA
              United States
              Member #5364
              July 1, 2004
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              Posted: July 15, 2005, 1:12 pm - IP Logged

              It depends on luck. I hope CA does win Mega Millions jackpot, but then an injuction forces CA to shut down the game.

              Please explain why Mega should be allowed then suddenly stopped? Why should the game not just be stopped now if you don't want it? What reason do you have for it to be stopped? Please explain this for me I'm not the smartest bulb on the Christmas tree if you will!
              I've seen where you posted this theory or want elsewhere please explain why Californians should no longer be allowed to play Mega even if they choose to?
                          Thanks for a polite response!
                Todd's avatar - Cylon 2.gif
                Chief Bottle Washer
                New Jersey
                United States
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                May 31, 2000
                23275 Posts
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                Posted: July 15, 2005, 7:03 pm - IP Logged

                It depends on luck. I hope CA does win Mega Millions jackpot, but then an injuction forces CA to shut down the game.

                Troll

                 

                Check the State Lottery Report Card
                What grade did your lottery earn?

                 

                Sign the Petition for True Lottery Drawings
                Help eliminate computerized drawings!