Morrison, IL United States
Member #4,657
May 13, 2004
1,885 Posts
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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.
Mcminnville, Oregon United States
Member #3,013
December 13, 2003
6,173 Posts
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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
Tennessee United States
Member #7,853
October 15, 2004
11,352 Posts
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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?
Tennessee United States
Member #7,853
October 15, 2004
11,352 Posts
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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......
Mcminnville, Oregon United States
Member #3,013
December 13, 2003
6,173 Posts
Offline
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
Tennessee United States
Member #7,853
October 15, 2004
11,352 Posts
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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.....
Morrison, IL United States
Member #4,657
May 13, 2004
1,885 Posts
Offline
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.
Morrison, IL United States
Member #4,657
May 13, 2004
1,885 Posts
Offline
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. :-(