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If there was no cap.....

Topic closed. 19 replies. Last post 11 years ago by JimmySand9.

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Bradly_60's avatar - disney37
Atlantic Mine, Michigan
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Posted: October 20, 2005, 3:54 pm - IP Logged

If there was no cap the cash option would have been 164.4 million plus 32 million that was given to the bonus for matching five numbers.  That means the cash option would have been 196.4 million.  Translate that to an annuity figure for Powerball and they jackpot would have been greater than $400,000,000.  That would have been some type or record.  The first $400 million jackpot.  But to bad they decided to go it a different way.

Brad

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    Greenwich, CT
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    Posted: October 20, 2005, 4:03 pm - IP Logged

    It will take, at minimum, three more record jackpots for PB to pass the $400m mark.  Mega Millions has all the time in the world to rocket over the $400m line.


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      Posted: October 21, 2005, 1:38 pm - IP Logged

      I'm a little disappointed that PB had to do such a cap of 25 million above the highest PB jackpot. I wished that PB had a cap of 25 million above the highest jackpot in North American history. I hope that PB or MM surpasses 363+ million in the future.

        BaristaExpress's avatar - BaristaExpressMX zpsfb0d8b5d.png
        Magnolia, Delaware
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        Posted: October 21, 2005, 2:09 pm - IP Logged

        I Agree!Yeah and when MM does that (which it will long before PB) I'll have my tickets already in hand waiting for the next drawing! Cheers

        Keep dreaming the impossible dream, it just may come true! Thumbs Up

          dvdiva's avatar - 8ball

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          Posted: October 21, 2005, 9:56 pm - IP Logged

          What I don't get is why more don't complain about the cap. If you want an extra prize for 2nd place then get the Powerplay. That's what it's there for. If anything it would be a reason NOT to get Powerplay since you are already getting it for free in a sense.

            Bradly_60's avatar - disney37
            Atlantic Mine, Michigan
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            Posted: October 21, 2005, 10:02 pm - IP Logged

            I agree.  If they are going to cap the jackpot then it should be a type of winfall game where the extra money roles down to all winners.  Either double or increase the value of all lower tier prizes instead of giving it to just the match 5.  I mean I bet the match 5 people aren't complaining right now but it just seems that would make better sense.  (Did you notice only 2 people purchased powerplay of the 49 that won the prize.  They knew it was going to increase already so they didn't even both. haha)

             

            Brad

              dvdiva's avatar - 8ball

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              Posted: October 21, 2005, 10:51 pm - IP Logged

              I would agree. I wonder how much more money states would have made had the cap rule not been implimented and states simply advertised the powerplay option. Just say double your winnings and many would have gone for it not looking at the exclaimation point about it not covering the jackpot. Instead they got powerplay for free.

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                Morrison, IL
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                Posted: October 22, 2005, 12:36 am - IP Logged

                  I disagree with the cap being a bad idea, but I do think it shouldn't kick in until they're $25 million over the record US jackpot, not simply the record Powerball jackpot.  The cap rule is respectful -- Powerball knows when to say "enough is enough."

                  weshar75's avatar - Lottery-042.jpg
                  Mcminnville, Oregon
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                  Posted: October 22, 2005, 12:41 am - IP Logged

                  I think that 49 people are thanking powerball right now for making the cap so they could get that extra cash on top of the $200 thousand they won.

                    bellyache's avatar - 64x64a9wg

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                    Posted: October 22, 2005, 12:42 am - IP Logged

                    I don't think caps are a big deal. I mean is 340 million before taxes really not enough?!? I would love to win that much whether a cap is in place or not. In fact, I wouldn't mind winning Powerball when it's at its lowest. ($15 million) =)

                    Dance like no one is watching.

                      Bradly_60's avatar - disney37
                      Atlantic Mine, Michigan
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                      Posted: October 22, 2005, 12:45 am - IP Logged

                      I understand but it doesn't make the game as fun as it could be.  I mean all the better for Mega Million.  They get to keep their record and by the way things are going they are going to be able to beat it themselves before PowerBall is able to.

                      Brad

                        BaristaExpress's avatar - BaristaExpressMX zpsfb0d8b5d.png
                        Magnolia, Delaware
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                        Posted: October 24, 2005, 2:51 pm - IP Logged

                        I Agree!

                        Keep dreaming the impossible dream, it just may come true! Thumbs Up

                          Stars's avatar - basket
                          Englewood, NJ
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                          Posted: October 25, 2005, 12:15 am - IP Logged

                          I don't mind the cap that much, the bonus pool was good. 

                          But I would have liked a graduated cap. 25 million the first time it hits the record, if not won, then the next roll goes up 50 million, then $75 million, ect.  Very unlikely it would not be hit after the second roll.

                           

                          Stars

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                            New Mexico
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                            Posted: October 25, 2005, 9:17 pm - IP Logged

                            I don't think caps are a big deal. I mean is 340 million before taxes really not enough?!? I would love to win that much whether a cap is in place or not. In fact, I wouldn't mind winning Powerball when it's at its lowest. ($15 million) =)

                            Well spoken.

                            Jack

                            Absorb the good, ignore the bad, weigh the ugly.

                            It's about number behavior.

                            Egos don't count.

                             

                            Dedicated to the memory of Big Loooser

                             

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                              Posted: October 25, 2005, 9:22 pm - IP Logged

                              I understand but it doesn't make the game as fun as it could be.  I mean all the better for Mega Million.  They get to keep their record and by the way things are going they are going to be able to beat it themselves before PowerBall is able to.

                              Brad

                              I'd bet there aren't many players who pay attention to whether it's a record jackpot, or isn't.

                              I'd also bet a, say, $50M winner isn't doing a lot of moaning because it wasn't a record jackpot.  And finally, I'd bet if it went several draws past the last jackpot and endured the cap, whomever wins it won't ever miss whatever was lost because of the cap.... probably won't even think about it.

                              "Record" is a media hype word.  And "Cap" is a word that has no meaning when the dollar amount reach, say, 170M cash.

                              Jack

                              Absorb the good, ignore the bad, weigh the ugly.

                              It's about number behavior.

                              Egos don't count.

                               

                              Dedicated to the memory of Big Loooser