Welcome Guest
Log In | Register )
You last visited January 19, 2017, 9:52 am
All times shown are
Eastern Time (GMT-5:00)

go PB

Topic closed. 9 replies. Last post 11 years ago by LOTTOMIKE.

Page 1 of 1
PrintE-mailLink
Avatar
BILOXI, MISSISSIPPI
United States
Member #19651
August 3, 2005
621 Posts
Offline
Posted: April 2, 2006, 1:00 am - IP Logged

it;s still jumping

    Avatar
    Morrison, IL
    United States
    Member #4657
    May 13, 2004
    1884 Posts
    Offline
    Posted: April 2, 2006, 1:12 am - IP Logged

    Unfortunately Powerball's cash jackpot is 46.2% of the annuity. Mega Millions' dropped as well to 57.1%.

    Instead of Powerball's current cap rule on annuity jackpots, they should instead cap the CASH JACKPOTS and let them increase a maximum of $12.5 million per roll or something due to fluctuating interest rates affecting the size of the annuity, or at least increase the maximum annuity rollovers to $50 million or something. If the current ratio holds, the cash value at the $390 million cap will be only just over $180 million.

      weshar75's avatar - Lottery-042.jpg
      Mcminnville, Oregon
      United States
      Member #3013
      December 13, 2003
      3090 Posts
      Offline
      Posted: April 2, 2006, 10:23 am - IP Logged

      PB by the time it drawed last night was almost $3 million over the annuity they projected and yet they were $200 thousand below on the cash value estimate.  I kind of feel like powerball is cheating the players out of cash.  Dam them new rules and that backloaded annuity.  I want a 50% or higher payout on the cash option.  MUSL has Powerball players bent over the table.-weshar75

        LOTTOMIKE's avatar - Lottery-063.jpg
        Tennessee
        United States
        Member #7853
        October 15, 2004
        11338 Posts
        Offline
        Posted: April 2, 2006, 10:33 am - IP Logged

        i barely even play powerball anymore.it was once a fun game but they just keep adding on to the matrix to the point where its just to hard to win anything.i'm going to play pick 5 games.i'd be perfectly content with 250,000 dollars would you?

          LOTTOMIKE's avatar - Lottery-063.jpg
          Tennessee
          United States
          Member #7853
          October 15, 2004
          11338 Posts
          Offline
          Posted: April 2, 2006, 10:44 am - IP Logged

          the scary thing is what they did with hot lotto.if they ever computerized powerball then the state lotteries will be right behind them and thats dangerous......

            weshar75's avatar - Lottery-042.jpg
            Mcminnville, Oregon
            United States
            Member #3013
            December 13, 2003
            3090 Posts
            Offline
            Posted: April 2, 2006, 10:47 am - IP Logged

            i barely even play powerball anymore.it was once a fun game but they just keep adding on to the matrix to the point where its just to hard to win anything.i'm going to play pick 5 games.i'd be perfectly content with 250,000 dollars would you?

            We do not have a pick5 game in Oregon we have Oregon Megabucks which is Megais bad.  I have won about the same on powerball as I have off megais bad so I play for the higher jackpot.-weshar75

              LOTTOMIKE's avatar - Lottery-063.jpg
              Tennessee
              United States
              Member #7853
              October 15, 2004
              11338 Posts
              Offline
              Posted: April 2, 2006, 10:51 am - IP Logged

              its strange how some states are missing out by not giving players more choices.......texas has no pick 4.oregon has no pick 3 and the list goes on.....

                Avatar
                Morrison, IL
                United States
                Member #4657
                May 13, 2004
                1884 Posts
                Offline
                Posted: April 3, 2006, 12:29 am - IP Logged

                PB by the time it drawed last night was almost $3 million over the annuity they projected and yet they were $200 thousand below on the cash value estimate.  I kind of feel like powerball is cheating the players out of cash.  Dam them new rules and that backloaded annuity.  I want a 50% or higher payout on the cash option.  MUSL has Powerball players bent over the table.-weshar75

                How is Powerball cheating their players out of cash? Maybe they are when the jackpot hits the cap, but other than that, under Powerball's equal annuity payments system, the cash jackpot would still be the same; the annuity would just be smaller.

                  Avatar
                  Morrison, IL
                  United States
                  Member #4657
                  May 13, 2004
                  1884 Posts
                  Offline
                  Posted: April 5, 2006, 12:38 pm - IP Logged

                  Unfortunately Powerball's cash jackpot is 46.2% of the annuity. Mega Millions' dropped as well to 57.1%.

                  Instead of Powerball's current cap rule on annuity jackpots, they should instead cap the CASH JACKPOTS and let them increase a maximum of $12.5 million per roll or something due to fluctuating interest rates affecting the size of the annuity, or at least increase the maximum annuity rollovers to $50 million or something. If the current ratio holds, the cash value at the $390 million cap will be only just over $180 million.

                  I actually suggested to the MUSL they do that, but then they wrote back that while applying the cap to the cash jackpot does make sense, they would have too tough a time explaining that to the players, most of whom buy tickets based on the annuity jackpot instead of the cash. According to the MUSL, there's still many players who believe the cash jackpot is the advertised amount after taxes. I guess the Lottery Post is in the very small minority. As for increasing the maximum annuity rollovers, the MUSL said they don't want to see less money spread around by waiting for bigger jumps.   I guess Powerball is not meant to get record breaking cash jackpots. :-(

                    LOTTOMIKE's avatar - Lottery-063.jpg
                    Tennessee
                    United States
                    Member #7853
                    October 15, 2004
                    11338 Posts
                    Offline
                    Posted: April 8, 2006, 5:58 pm - IP Logged

                    lets hope powerball doesn't go computerized like hot lotto.....