Welcome Guest
Log In | Register )
You last visited December 8, 2016, 8:49 pm
All times shown are
Eastern Time (GMT-5:00)

Mega Millions Out Shining Powerball

Topic closed. 14 replies. Last post 11 years ago by Just6ntlc.

Page 1 of 1
PrintE-mailLink
Avatar
md
United States
Member #14047
April 20, 2005
579 Posts
Offline
Posted: November 7, 2005, 10:21 am - IP Logged

According to the facts: Jackpots this year for Powerball & Mega Millions

Mega Millions                          Powerball

$130m in Jan.                         

$112m in Mar.

$205m inApr.

                                                $215m in May

$106m in June

$170m in July

$250m in Sept.

                                                $340m in Oct.

$225m in Nov (and counting)

Its obvious, its a slam dunk, Mega Millions is by far the more lucrative game going.  Any objections

    Avatar
    Greenwich, CT
    United States
    Member #4793
    May 24, 2004
    1822 Posts
    Offline
    Posted: November 7, 2005, 10:23 am - IP Logged

    Powerball had the streak of winners at the beginning of the year.  Give the game a chance with the new matrix that just started at the end of August.

      Avatar
      Sparta, NJ
      United States
      Member #18331
      July 9, 2005
      1977 Posts
      Offline
      Posted: November 7, 2005, 10:45 am - IP Logged

      delS is correct, the new matrix has nothing to do with the history. MM also started a new matrix this year. Money won is money won. Changing the rules will only impact the future - maybe.

      Cheers

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

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

        Todd's avatar - Cylon 2.gif
        Chief Bottle Washer
        New Jersey
        United States
        Member #1
        May 31, 2000
        23273 Posts
        Online
        Posted: November 7, 2005, 10:49 am - IP Logged

        delS,

        I agree, Mega Millions has clearly emerged as the leader in multi-state games.  If you look at the history of the game, you will see that the one reason for its predominance is the fact that they were able to attract and bring on board the best lottery states. 

        The key state additions were New York, then Texas, then California.  NY and TX were vital to the game's growth, and then once they got California, that put them over the top.

        Despite Mega Million being the best of the multi-state games, Powerball still has the best-run game, in my opinion.  The fact that MUSL is in a position to centrally administer the game is crucial.  Coordinating 29 different jurisdictions (soon to be 30 when OK joins) is no easy task, and I don't think the Mega Millions organization, the way it is currently structured, could handle it.  It's amazing to me that Powerball  continues to be run with so few glitches, and it's a testament to MUSL's well-run organization.

         

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

         

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

          Avatar
          md
          United States
          Member #14047
          April 20, 2005
          579 Posts
          Offline
          Posted: November 7, 2005, 11:04 am - IP Logged

          Chewie & Todd-

          Thanks for your responses.

            mylollipop's avatar - Trek STLOGO6.png

            United States
            Member #24380
            October 21, 2005
            623 Posts
            Offline
            Posted: November 7, 2005, 11:06 am - IP Logged

            Is there a maximum amount on the PowerBall or the MegaMillions?

              Avatar
              Sparta, NJ
              United States
              Member #18331
              July 9, 2005
              1977 Posts
              Offline
              Posted: November 7, 2005, 11:11 am - IP Logged

              I've seen numerous accounting alluding to a $500M, but have been too lazy to confirm. I would imagine it would be on the MM/PB rules web page.

              Cheers

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

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

                Avatar
                Morrison, IL
                United States
                Member #4657
                May 13, 2004
                1884 Posts
                Offline
                Posted: November 7, 2005, 12:05 pm - IP Logged

                  There is no limit; the MUSL once hinted that they could have a $700 million jackpot (but won't because they slow the growth of record jackpots).

                  anonymous77's avatar - moon
                  Seoul
                  Korea, South
                  Member #21859
                  September 16, 2005
                  346 Posts
                  Offline
                  Posted: November 8, 2005, 9:06 am - IP Logged

                  I agree with delS in that MM outweighs PB in some respect
                  such as the sheer amount of paid jackpots since the
                  beginning of this year and as discussed elsewhere its higher cash value ratio.

                  But, as Jack said, I see that MM and PB are nearly even when
                  the two are compared in terms of jackpots, hit or rolled,
                  SINCE the end of August when PB changed its matrix.

                                                        MM          PB
                  1. Beginning(09/01)  (-)111      (-)32
                  2. Sep (hit)                    250
                  3. Oct (hit)                                  340
                  4. Nov (hit)                                  36
                  5. Current                      225        20
                  --------------------           -----        -----
                    Net total                   364M      364M

                   

                  One thing I want to add, as also previously discussed, is that PB's PP option makes it
                  very attractive at least to in-state regular PB players. As I see it, when jackpot is excluded, the expected value per dollar when buying one $2 PB ticket with PP is exceeded by almost none, comparble to that of UK Lotto 6/49 for its UK domestic price (1 GB Pound). Actually, UK Lotto 6/49 pays 10 pounds(~$18) for hitting just 3 out of 6.

                  That happens primarily because, as one might already know, PB with PP option pays, on average, 3.5 times the regular prize amounts except jackpot while the price only doubles.

                  Personally and all things considered, I would be indifferent between MM and PB AS LONG AS those two have similar amounts of annuity jackpots at a given point in time.


                   

                    Avatar
                    Greenwich, CT
                    United States
                    Member #4793
                    May 24, 2004
                    1822 Posts
                    Offline
                    Posted: November 8, 2005, 10:19 am - IP Logged

                    Powerball just had a $340 million jackpot!  Plus, second place prizes of $200,000 to $1,000,000 with better odds than MM.  I have to agree with anonymous77...the games are equal.

                      Avatar
                      Sparta, NJ
                      United States
                      Member #18331
                      July 9, 2005
                      1977 Posts
                      Offline
                      Posted: November 8, 2005, 11:18 am - IP Logged

                        There is no limit; the MUSL once hinted that they could have a $700 million jackpot (but won't because they slow the growth of record jackpots).

                      The knowledge base for that statement is?

                      Cheers

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

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

                        Avatar
                        Morrison, IL
                        United States
                        Member #4657
                        May 13, 2004
                        1884 Posts
                        Offline
                        Posted: November 8, 2005, 3:53 pm - IP Logged

                          Once I wrote MUSL an e-mail suggesting they get rid of the match 5 bonus pool, and they said they have it there because some players play only for a "record," and if they hit a record of $700 million (which suggests there is no limit on how high the jackpot can go), they'd miss chances to have records at $400 million, $500 million, etc.

                          Avatar
                          Sparta, NJ
                          United States
                          Member #18331
                          July 9, 2005
                          1977 Posts
                          Offline
                          Posted: November 8, 2005, 6:21 pm - IP Logged

                          Could be. I have mixed emotions. I would like to live long enough to see a Billion Dollar Jackpot, but only after I won one much lower; $225M would do nicely.

                          Cheers

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

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

                            Avatar

                            United States
                            Member #11733
                            February 22, 2005
                            52 Posts
                            Offline
                            Posted: November 8, 2005, 9:21 pm - IP Logged

                            i live in Mass, very close to the connecticut border, i play a pool at work for about 6 months now, and getting 3 numbers for the lousy 7 bucks seems to be the norm. we have done pools where we play 150 quik piks, or at least a hundred and for the most part we get nothing. we went and played powerball for 2 draws in a row we were 1 number away from 200,000 and the next draw 1 number away from 10,000. i know the powerplay costs a extra buck, but that has given us some good play money for a few draws at least. LUCK of course is everything, it just seems that no matter how many quik piks we get for mega m. we just don't seem to win. i would play powerball 2 times a week, but it's just a little too far for me to do that twice a week.


                              United States
                              Member #16612
                              June 2, 2005
                              3493 Posts
                              Offline
                              Posted: November 11, 2005, 6:42 pm - IP Logged

                              I agree with anonymous77 too. I think the games are equal right now because CA has MM only. I'm glad that PB has OK joining in 2006. I hope there are North American jackpot records soon.