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Mega Millions Sets A New Record

Topic closed. 52 replies. Last post 11 years ago by Just6ntlc.

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Canada
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November 2, 2003
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Posted: April 12, 2006, 8:50 am - IP Logged

The Mega Millions lottery set a new 12 roll record of $220 million for the April 14 draw.  The previous Mega Millions 12 roll record was $175 million - an increase of $45 million.

The Powerball 12 roll record is $173.9 million and was set in the current jackpot run.

Good luck,
Jake

    Jake649's avatar - scene sunovermountains.jpg

    Canada
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    Posted: April 15, 2006, 9:14 am - IP Logged

    The Mega Millions lottery set a new 13 roll record of $265 million for the April 18 draw.  The previous Mega Millions 13 roll record was $212 million - an increase of $53 million.

    The Powerball 13 roll record is $198 million.

    Good luck,
    Jake


      United States
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      Posted: April 17, 2006, 12:22 pm - IP Logged

      Jake649, I hope MM jackpot rolls two more times before we have a MM winner. I hope it rolls this draw so the new roll 14 record will be established.

        Jake649's avatar - scene sunovermountains.jpg

        Canada
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        Posted: April 22, 2006, 1:47 pm - IP Logged

        The Mega Millions lottery set a new 1 roll record of $20 million for the April 25 draw.  The previous Mega Millions 1 roll record was $18 million.

        The Powerball 1 roll record is also $20 million.

        Good luck,
        Jake


          United States
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          Posted: April 22, 2006, 2:28 pm - IP Logged

          Jake649, it's strange that a new roll 1 record was established so quickly. I think it's caused by momentum of rolls and interest rates. I had wished that MM didn't set the new roll 1 record because of the high gas prices. Now I hope it continues to roll and set records.

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            New Jersey
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            Posted: April 22, 2006, 4:10 pm - IP Logged

            This is a function of interest rates most likely and nothing else. 

            As determined from sales, the funded cash value as determined from actual sales (I don't track predicted cash amounts) of the second draw in the last run was $12.1M.   According to the MA website, the predicted cash value here is almost $1M less, $11.3M.  Unless the MM sells more tickets than expected, there will be no second draw value record.

            Sales on the first draw were lower than the sales on the first draw of the last run.   I realize that the predictions of the lottery rely on models that account for Monday/Friday effects, which I do not analyze, but I don't think there is a real record here, other than the marketing driven annuity figure.  It doesn't actually mean that much. 

             

             

              Bradly_60's avatar - disney37
              Atlantic Mine, Michigan
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              Posted: April 22, 2006, 5:15 pm - IP Logged

              Yes I agree it is to do with the interest rake hikes.  The states are expecting more from the annuities and that is why they are getting bigger jackpots.  Nothing wrong with that.

              Brad


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                Posted: April 26, 2006, 12:19 pm - IP Logged

                Jake649, there is an update. MM didn't set a new record in roll #2. The current MM Jackpot is at 30 million. The current roll 2 record currently stands at 31 million. The current roll 3 record is 42 million. It will be interesting to see if MM rolls again and either ties or sets a new record for roll #3. Interest rates are bumping up the annunity value, but might not set records if gas prices continue to rise right now.