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Mega millions invention...

Topic closed. 8 replies. Last post 11 years ago by four4me.

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Honduras
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August 29, 2005
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Posted: April 23, 2006, 1:37 am - IP Logged

hi, doesn't anyone knows, how mega million was invented?They must have done research on it before exposing it to the public (i am talking research payouts & odds, etc) I mean i don't think the state overnight said, let's create a game? i bet it took careful research. How did they figure out, what was going to be the payout for second and lower prizes.

 

pumpi76

    RJOh's avatar - chipmunk
    mid-Ohio
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    Posted: April 23, 2006, 1:50 am - IP Logged

    MegaMillions lottery started out as the BigGame lottery which was created to compete with the PowerBall lottery which was an improvement of an earlier multi-state game.  When The BigGame expanded to include Ohio and New York, it became MegaMillions. 

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

      Coin Toss's avatar - shape barbed.jpg
      Zeta Reticuli Star System
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      Posted: April 23, 2006, 1:52 am - IP Logged

      Mega Millions and Powerball are both two lotteries in one. If you "get struck by ligthning" and get 5 of 5 on the top grid of numbers, then you have to hope you have the right number on the bottom, too, the Mega numger or the Powerball number.

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        Honduras
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        Posted: April 23, 2006, 2:48 am - IP Logged

        thank you guys, I knew that the mega millions had come from the Big game. But what was the name of the earlier multi-state game that powerball stemed from? What year are we talking about here?

         

        pumpi76

          DoctorEw220's avatar - alien helmet.jpg
          Yinzer Country, PA
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          Posted: April 23, 2006, 5:25 am - IP Logged

          Back in 1992, Lotto America (formed in the 1980s) was replaced by Powerball.

          I've redone my website.  Go to www.dr-ew.com.  I kept a lot of the old stuff, and I've added some new stuff.  Look for more new stuff in the coming weeks.

            Todd's avatar - Cylon 2.gif
            Chief Bottle Washer
            New Jersey
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            Posted: April 23, 2006, 8:45 am - IP Logged

            This page should be of interest to people looking for historical information (dates) on Powerball:

            http://www.usamega.com/powerball-wheretoplay.htm

             

            Check the State Lottery Report Card
            What grade did your lottery earn?

             

            Sign the Petition for True Lottery Drawings
            Help eliminate computerized drawings!

              Todd's avatar - Cylon 2.gif
              Chief Bottle Washer
              New Jersey
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              Posted: April 23, 2006, 8:46 am - IP Logged

              The same information is available for Mega Millions:

              http://www.usamega.com/mega-millions-wheretoplay.htm

               

              Check the State Lottery Report Card
              What grade did your lottery earn?

               

              Sign the Petition for True Lottery Drawings
              Help eliminate computerized drawings!

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                Morrison, IL
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                May 13, 2004
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                Posted: April 23, 2006, 1:13 pm - IP Logged

                Yep, Mega Millions was formed to stop the money drain on big state lotteries due to Powerball having larger jackpots than theirs. Lotto America, Powerball's predecessor, was originally formed by six small state lotteries to compete with the big state lotteries' jackpot games, since the small state lotteries could not afford to have rolling jackpot games all by themselves.

                  four4me's avatar - gate1
                  MD
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                  June 18, 2003
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                  Posted: April 23, 2006, 3:00 pm - IP Logged

                  Pumpi76 wrote:

                  How did they figure out, what was going to be the payout for second and lower prizes.

                  They structured the games payouts around predicted sales. Which include everything from operating costs, profit money for the state and anything else that they deemed necessary. Apparently there is a mathematical formula they use to determine the odds and the payouts. When they add or subtract balls/numbers for the drawings (change the matrix of the game) they recalculate the drawings odds and payouts using that formula.