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one billion dollar jackpot!!

Topic closed. 28 replies. Last post 11 years ago by tony95.

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do you ever see a one billion dollar jackpot?

yes-within five years [ 2 ]  [4.65%]
yes-within ten years [ 10 ]  [23.26%]
not sure but maybe [ 11 ]  [25.58%]
never in this lifetime [ 20 ]  [46.51%]
Total Valid Votes [ 43 ]  
Discarded Votes [ 4 ]  
LOTTOMIKE's avatar - cash money.jpg
Tennessee
United States
Member #7853
October 15, 2004
11338 Posts
Offline
Posted: December 8, 2005, 5:57 pm - IP Logged

ever see a chance of a billion dollar jackpot?

    weshar75's avatar - Lottery-042.jpg
    Mcminnville, Oregon
    United States
    Member #3013
    December 13, 2003
    3047 Posts
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    Posted: December 8, 2005, 6:02 pm - IP Logged

    They have not even cleared $400 million so I said no way.

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      United States
      Member #1826
      July 11, 2003
      2645 Posts
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      Posted: December 8, 2005, 6:55 pm - IP Logged

      It's gonna take some huge odds and a world-wide consortium, but we could reach a $1,000,000,000 30-year graduated annuity if we really tried. But not for while. And a billion in cash would be a laughable situation.

      (insert signature here)


        United States
        Member #16612
        June 2, 2005
        3493 Posts
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        Posted: December 8, 2005, 7:22 pm - IP Logged

        My vote is for never. It would take about 25 to 30 rolls of no MM jackpot winner to get 1 Billion. I think people will win MM jackpot before it reaches 1 billion. There could be some North American jackpot record of 363 million soon, but never at 1 billion.

          RJOh's avatar - chipmunk
          mid-Ohio
          United States
          Member #9
          March 24, 2001
          19825 Posts
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          Posted: December 8, 2005, 8:01 pm - IP Logged

          I wouldn't think the states would gain an increase in sales after about $500,0000,000 so I think they would have a rule like PowerBall now has to spread the money among all the top prizes which might encourage more people to buy ticket for a chance to win a larger 2nd or 3rd prize.  It all depends on what level ticket sales max out for the top prize or some states might feel a billion dollar prize would be excessive and eliminate the players that are willing to spend thousands to win $500 playing pick3.  After $500,000,000 some states might even feel they could afford to keep more than 50% of ticket sales for themselves.

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

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            Morrison, IL
            United States
            Member #4657
            May 13, 2004
            1884 Posts
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            Posted: December 8, 2005, 8:40 pm - IP Logged

              It will not happen even if Powerball and Mega Millions change their matrices two more times!!!

              In the event that does happen, both games should cap jackpots at $500 million and just spread any more money out among ALL the lower tier prizes!!

              LOTTOMIKE's avatar - cash money.jpg
              Tennessee
              United States
              Member #7853
              October 15, 2004
              11338 Posts
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              Posted: December 9, 2005, 2:50 am - IP Logged

                It will not happen even if Powerball and Mega Millions change their matrices two more times!!!

                In the event that does happen, both games should cap jackpots at $500 million and just spread any more money out among ALL the lower tier prizes!!

              i agree that will probably happen.........

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                Sparta, NJ
                United States
                Member #18331
                July 9, 2005
                1977 Posts
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                Posted: December 9, 2005, 7:17 am - IP Logged

                I chose never, but, in 40-50 years, inflation, etc., anything could happen.  It could go to a billion, or be down to $500.00! Either way, it won't be worth as much as it was worth this morning.

                P.S. Enough with the snow, I'm ready for summer!

                Cheers

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

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

                  sirbrad's avatar - Lottery-062.jpg
                  PA
                  United States
                  Member #22983
                  October 6, 2005
                  2226 Posts
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                  Posted: December 9, 2005, 8:58 am - IP Logged

                  With inflation I think it will happen. We have done millions of things today that years ago we never thought was possible. Especially if the prices of play goes up, which I hope they do not. Many just can't seem to fathom that kind of money NOW. But as time goes on, a billion will seem like less and less. Just like a million now does. Now a trillion dollar jackpot could take awhile. The sun will most likely have burned out by then.

                    konane's avatar - wallace
                    Atlanta, GA
                    United States
                    Member #1265
                    March 13, 2003
                    3333 Posts
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                    Posted: December 9, 2005, 9:38 am - IP Logged

                    Hey if the federal government sponsored a cash payout lottery with proceeds to pay off the national debt only, and specified all winnings to be totally tax exempt both fed and state .... I'll bet it could be done rather quickly. 

                    Yeah, high matrix, odds long but the lure of a high tax exempt cash jackpot would likely have money raining in from all over the world.  Big Grin Angel


                    Good luck to everyone!

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                      Morrison, IL
                      United States
                      Member #4657
                      May 13, 2004
                      1884 Posts
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                      Posted: December 9, 2005, 11:03 am - IP Logged

                      Yeah, I suppose it could happen if a national lottery were formed and players came from around the world!!

                        four4me's avatar - gate1
                        MD
                        United States
                        Member #1701
                        June 18, 2003
                        8360 Posts
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                        Posted: December 9, 2005, 11:32 am - IP Logged

                        don't hold your breath!!! when the pots reach the 300 million dollar mark people start buying tickets as fast as  they can print em out, increasing the chance a winning ticket will be purchased. If and when a jackpot reaches the 500 million dollar mark. Even more people will be playing until the pot is hit. Only by some fluke that the winning combination is not drawn will the pot grow higher than 5-6 hundred million or more.   

                          fja's avatar - gnome1

                          United States
                          Member #91
                          January 19, 2002
                          11929 Posts
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                          Posted: December 9, 2005, 11:37 am - IP Logged

                          I also think it could happen....but like everything else it wont be worth 1 billion by the time it gets here....it wasn't to long ago when jackpots of 50-80 million used to hit the news.....now its jackpots of 200-300 million before it's mentioned....15 years from now it will probably be 700-900 million....after that they'll probably raffle off a state for you to win.  (San Antonio,  Johnson)....LOLOL!


                            United States
                            Member #379
                            June 5, 2002
                            11296 Posts
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                            Posted: December 9, 2005, 7:42 pm - IP Logged

                            I wouldn't think the states would gain an increase in sales after about $500,0000,000 so I think they would have a rule like PowerBall now has to spread the money among all the top prizes which might encourage more people to buy ticket for a chance to win a larger 2nd or 3rd prize.  It all depends on what level ticket sales max out for the top prize or some states might feel a billion dollar prize would be excessive and eliminate the players that are willing to spend thousands to win $500 playing pick3.  After $500,000,000 some states might even feel they could afford to keep more than 50% of ticket sales for themselves.

                            rj:

                            NY Lotto keeps at least 60% for itself regardless of the jackpot.

                              hypersoniq's avatar - 8ball
                              Pennsylvania
                              United States
                              Member #1340
                              April 6, 2003
                              2450 Posts
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                              Posted: December 9, 2005, 7:47 pm - IP Logged

                              didn't pepsi do that a few times? (pepsi billions contest)

                              Playing more than one ticket per game is betting against yourself.