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fxsterling

BILOXI, MISSISSIPPI
United States
Member #19,650
August 3, 2005
621 Posts
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Oct 2, 2005, 12:43 am

sales are slow a 13 million jump it would take 6 draws more to take 364 million
Bradly_60

Atlantic Mine, Michigan
United States
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June 23, 2002
1,614 Posts
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Oct 2, 2005, 12:58 am

You are not kidding. The cash option went up only what 7 million. That is riduculous for the level the jackpot is at. Is that a mistake? I don't see how they could have sold only that amount of tickets.

Brad
ryanm

Morrison, IL
United States
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May 13, 2004
1,885 Posts
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Oct 2, 2005, 1:30 am

Yeah the cash value option should be at least $95 million, suggesting an annuity jackpot of $191 million.

The last time the Powerball jackpot rolled fifteen times, the cash value option of the jackpot was over $102 million.

It is true that the jackpot winner now receives only 30.2886% of sales, as compared to 32.6689% under the old matrix, but that shouldn't have THAT big an impact on the cash value option.
dvdiva

United States
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September 17, 2003
2,063 Posts
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Oct 2, 2005, 2:54 am

Maybe players are ticked off at the crummy amount of cash they are getting if they win this inflated annuity. I doubt anyone at MUSL is going to get that message however. At this rate it's going to take far more than three rollovers to break 300 million. Maybe five rollovers.
Tnplayer805

North Dakota
United States
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April 5, 2005
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Oct 2, 2005, 4:09 am

For the last draw there were over 30 million tickets sold. Still waiting to see how many were sold for this one. I know at my retailer I bought mine at sold a good number of tickets. Which of course doesn't represent all of the US or even all of TN but I saw brisk sales. To give you an idea of how brisk I had to wait about 12 minutes in line today. Surprising it only rolled to $180. I thought $200 million easy.

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

Sparta, NJ
United States
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July 9, 2005
1,977 Posts
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Oct 2, 2005, 8:19 am

Same investment - HUGE reduction in take-home cash value.

My interest is dropping rapidly, especially since MM is my primary.

|||::> *'`*:-.,_,.-:*''*:--->>> Chewie <<<---.*''*:-.,_,.-:*''* <:::|||

I only trust myself - and that's a questionable choice
Bradly_60

Atlantic Mine, Michigan
United States
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June 23, 2002
1,614 Posts
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Oct 2, 2005, 10:35 am

They did sell 37.1 million tickets. Which is more than the previous drawing. The last jump was 19 million. How if they sold more tickets did the jackpot go up less? That's weird. Did they really lower the amount going to fund the jackpot to a little over 30%? Do they have new rules now that if they have a high payout (because of low number etc.) that they can borrow from the jackpot fund? It just doesn't make sense.

Brad
fxsterling

BILOXI, MISSISSIPPI
United States
Member #19,650
August 3, 2005
621 Posts
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Oct 2, 2005, 2:23 pm

its got to get higher before the next draw and a hit of 185+ or a roll over of 25 million puts draw #17 at 205 million weak mm is faster but lack of dream cash could and is making all jack pots smaller the last mm run i didnt see lines or $ 50-100 lots of tixs
ryanm

Morrison, IL
United States
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May 13, 2004
1,885 Posts
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Oct 2, 2005, 4:32 pm

I've figured out the reason it jumped by such a low amount. Powerball has been selling less tickets than they projected this run. If you do the math, the CVO for Saturday's jackpot, had it been won, would have been only $79.3 million (32.6689% of the first four draw sales go to the jackpot, under the old matrix, while 30.28855% of the remaining draw sales go to the jackpot, under the new matrix).

For the real draw sales, go to http://www.lottoreport.com/salescomparison.htm .

Powerball's press release figures are higher only because they include PowerPlay sales as well, and nothing from PowerPlay sales goes toward the jackpot.
JimmySand9

United States
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July 11, 2003
2,645 Posts
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Oct 2, 2005, 4:43 pm

Mega Millions just keeps looking better and better. Even if Powerball pays better lower-tier prizes, the jackpot system is just oogly. It would be great if they went back to a 20-year equal payment system (with a cash option). It'll never happen, but it would be nice to have a bigger-looking cash option.

(insert signature here)
dvdiva

United States
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September 17, 2003
2,063 Posts
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Oct 2, 2005, 10:19 pm

Since it's run by the same idiots that came up with a jackpot cap I don't think they even care if powerball is left to flounder with sagging sales due to poor management.
ryanm

Morrison, IL
United States
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May 13, 2004
1,885 Posts
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Oct 2, 2005, 10:27 pm

It's not poor management, it's just fate.

When Powerball paid annuities in 30 year installments, players complained that inflation would hurt winners if they went that route - therefore, they adjusted the annuity for inflation, which is why CVO is now a lesser percentage. That is bulls**t though, since nobody really takes the annuity.

Under the old matrix, there were too many winners, and even the pathetic Powerball sales now are better than they were when the jackpot was hit every other week.

Mega Millions' sales were hurt in the other states as well when they increased the matrix, it just did not show because California made up the difference. Powerball did not get any more states when they increased their matrix, thus, the only way for sales to go was down.

Just goes to show, Powerball was damned if they did (make those changes) and damned if they didn't. The only thing that will help them is if they grab Florida, Oklahoma, North Carolina, and every state that gets a lottery in the future.

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