United States
Member #32,536
February 12, 2006
711 Posts
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So, does anyone know if the lotteries are losing money on this promotion? I'd love to see what the 10x hit did to their net proceeds this drawing...
todd am shocked you even ask
think about this 10x happened,
Now think of the new all time low of jackpot amount compare to sales.
about of 27%
a new low. that is for ever penny out of a dollor the main prize the jackpot gets, is at at all time new low for the amount that goes to the jackpot compareing past sells
now were did they get the money for 10x, the main prize!
1 plus 1 = 2!, the first "1" being 10x, and the new low amount the of the jackpot compareing to ever ticket sold being the other "1", and both of them make or "2" being the how,were it came form, right form the jackpot winner thats who
thats right its a other "share the winnings" of the likes ......
when it caps and spills over at new records, now its just spill over to people Under the Cover of 10X, congrats!
now did they lose any money?
nope todd they didnt they just taken it form the jackpot LOL
Who ever the jackpot winner is sure getting ripped off compareing to all the other jackpots on the amount of sold tickets/to main prize
the amount they getting when they win compareing to past winners based on total sales that is
but on the better side, were setting sales records for the number# of rolls to sales ratio. per growing jackpot that is.
its a good time to be the lotto guys there jsut rolling in the $ they make! and no one noticeing there tricks!
Morrison, IL United States
Member #4,657
May 13, 2004
1,885 Posts
Offline
So, does anyone know if the lotteries are losing money on this promotion? I'd love to see what the 10x hit did to their net proceeds this drawing...
todd am shocked you even ask
think about this 10x happened,
Now think of the new all time low of jackpot amount compare to sales.
about of 27%
a new low. that is for ever penny out of a dollor the main prize the jackpot gets, is at at all time new low for the amount that goes to the jackpot compareing past sells
now were did they get the money for 10x, the main prize!
1 plus 1 = 2!, the first "1" being 10x, and the new low amount the of the jackpot compareing to ever ticket sold being the other "1", and both of them make or "2" being the how,were it came form, right form the jackpot winner thats who
thats right its a other "share the winnings" of the likes ......
when it caps and spills over at new records, now its just spill over to people Under the Cover of 10X, congrats!
now did they lose any money?
nope todd they didnt they just taken it form the jackpot LOL
Who ever the jackpot winner is sure getting ripped off compareing to all the other jackpots on the amount of sold tickets/to main prize
the amount they getting when they win compareing to past winners based on total sales that is
but on the better side, were setting sales records for the number# of rolls to sales ratio. per growing jackpot that is.
its a good time to be the lotto guys there jsut rolling in the $ they make! and no one noticeing there tricks!
27% of sales!!? That doesn't seem right. The MUSL did tell me that the (cash) jackpot amount could be as low as 28.28855% of sales (the amount they allocate is 30.28855% of sales according to the rules) due to the funding of the set prize reserve, since the fixed prizes are, by definition, not pari-mutuel.
United States
Member #32,536
February 12, 2006
711 Posts
Offline
So, does anyone know if the lotteries are losing money on this promotion? I'd love to see what the 10x hit did to their net proceeds this drawing...
todd am shocked you even ask
think about this 10x happened,
Now think of the new all time low of jackpot amount compare to sales.
about of 27%
a new low. that is for ever penny out of a dollor the main prize the jackpot gets, is at at all time new low for the amount that goes to the jackpot compareing past sells
now were did they get the money for 10x, the main prize!
1 plus 1 = 2!, the first "1" being 10x, and the new low amount the of the jackpot compareing to ever ticket sold being the other "1", and both of them make or "2" being the how,were it came form, right form the jackpot winner thats who
thats right its a other "share the winnings" of the likes ......
when it caps and spills over at new records, now its just spill over to people Under the Cover of 10X, congrats!
now did they lose any money?
nope todd they didnt they just taken it form the jackpot LOL
Who ever the jackpot winner is sure getting ripped off compareing to all the other jackpots on the amount of sold tickets/to main prize
the amount they getting when they win compareing to past winners based on total sales that is
but on the better side, were setting sales records for the number# of rolls to sales ratio. per growing jackpot that is.
its a good time to be the lotto guys there jsut rolling in the $ they make! and no one noticeing there tricks!
27% of sales!!? That doesn't seem right. The MUSL did tell me that the (cash) jackpot amount could be as low as 28.28855% of sales (the amount they allocate is 30.28855% of sales according to the rules) due to the funding of the set prize reserve, since the fixed prizes are, by definition, not pari-mutuel.
ryanm am also shocked at you for even asking
becase i know you should know better.
logical not your thing so i just have to type dumb speak to you
here lets get some facts for yeah. that you all ready seen lmao
https://www.lotterypost.com/thread/130379
"cash value is at 47.2% though. a new low." form the link/post above
now they said to it 30% area, however it coudl go as low as 28%
becase it all depends on how many match 5 winners there are and many times 5x comes up, they jsut lower the main prize
the Jackpot amount that is gets less per dollor sold then last time
however thats with there rules of the game it self
as in 5X, there was never a 10x math when they made there rules and given it to there staff to say to the sheep, i.e. you!
that is there wrong
you see with 10x, they can go lower then 28% they went to the 27% area
you see the lotto people make money off you, they never pay it off there own, you pay for there lifes,
even if you won the lotto jackpot the state were am in gets a profit of 50cents or 50% of the ticket sold, its MUSL that pays me.
that is it set up were must of the money we pay goes for whatever the lotto,state wants, so the remaining amount left to give to the prizes they set up in a way anytime there runing close to a good set level of millions just setting in a bank making more moeny for them they put the label reserve to pay out lower prizes
that is they did the math befor and know they will go at low as 28% area jackpot gets to fund the other prize levels" reserve fund"when it gets however low they dont want it...., and by low i mean its not low its in the muti millions giving them a nice profit form setting in the bank.
anywho there a new thing called 10X!
it means more $ then normal goes out at the 2nd 3rd, 4th, so forth, there by they steal, er i mean take money that would go in to the jackpot "main prize" and give it to there reserve fund for the other prizes in, in due time rofl.
you see becase they upped the 2nd and lower prizes they taken more form jackpot, its how it works,!
thats why in that post here"cash value is at 47.2% though. a new low." its at NEW TIME LOW FOR CASH THEY GET WHEN THEY GET JACKPOT"whoever wins",. AND 90%+ TAKE THE CASH,....... SO ITS A TOTAL RIPOFF,
THAT MEANS THAT "cash value is at 47.2% though. a new low." MEANS FOR FREAKING CRYING OUT LOUD TO THE LOGICAL MINDED THAT YES 27% THE JACKPOT OLYN GETS!
and the cash jackpot is the real jackpot, the big listed ones they scam people with is what they would do with the cash jackpot invest it them selfs and pay you, and lmao they love you for taking that deal to it saves them money!
becase your amount is fixed and any more they earn they keep!
the lotto people are little trickers , :P
record sales, for the roll to past sales ratio,
there making all time profit, but making the main prize the lowest it ever been , for /sells ratio to jackpot ratio
fyi that means they taking more $$$$$$$$$$$$$$$$$$$$$$ and giving the jackpot winner even less! its greed 101.
the reply you got was with the 5x data saying how much they take, they have a list of info they give there staff to reply to the sheep likes of you
and you 100% belive them or dont use logic or whatever your mind is adding in to block to see right in front of your very eyes the jackpot is the lowest cash it ever been , why 27% area thats why, look at the amount of sells and do some math with a family memmber sence you need help it seems form people pointing out anything your mind/eyes just roll on over the data right in front of you and sure think 28%! is lowest it could go
so 27% seems odd to you.......... the proof in the sells/jackpot cash ratio, this is why i said to everone in my first post
"its a good time to be the lotto guys there jsut rolling in the $ they make! and no one noticeing there tricks! "
proof of no one noticeing, you just added on to the proof
dont take this post as a attack againt you, but a attack again the logic whatever it is in your mind thats blocking you form seeing day form nite!
am done repeating my self, i hope by repeating my self and speaking in dumnspeak"that is in terms with less logical minds" you get a pic or wont just roll your eyes over the data and sure not see day form nite
Seoul Korea, South
Member #21,858
September 16, 2005
346 Posts
Offline
So, does anyone know if the lotteries are losing money on this promotion? I'd love to see what the 10x hit did to their net proceeds this drawing...
The following table was constructed using data on the official Powerball.com website. I think this would give us some insights into, say, the usefulness of Power Play and the effect of 10x promotion. Unfortunately, I guess, it may tell almost nothing about the influence of 10x promotion on the net proceeds to MUSL. Any thought would be welcome!
Average Winnings per Ticket
no PP (A)
PP (B)
Overall
B/A Ratio
02월 18일 (4x)
7.1
26.5
8.8
3.7
02월 22일 (2x)
6.4
9.5
6.9
1.5
02월 25일 (4x)
6.5
40.6
12.5
6.2
03월 01일 (5x)
6.5
35.4
11.8
5.4
average winnings (C)
6.63
28.00
10.00
4.22
03월 04일 (5x)
6.0
26.3
10.2
4.3
03월 08일 (5x)
7.2
27.0
11.4
3.8
03월 11일 (10x)
5.7
46.3
14.1
8.1
03월 15일 (5x)
7.6
44.4
15.8
5.9
average winnings (D)
6.63
36.02
12.87
5.52
D/C Ratio (after and before ratio)
1.0
1.3
1.3
1.3
ånonymous77 - Primarily for fun and entertainment!
Morrison, IL United States
Member #4,657
May 13, 2004
1,885 Posts
Offline
With the 10X slot on the wheel, the expected PowerPlay multiplier is 3.8125, which means that 55.43845% of the second $1 is expected to be returned to the players (19.71145% of the first $1 goes toward the set cash prizes, and 2.8125 times that amount of the second $1 goes toward the extra PowerPlay winnings).