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mega millions vs. powerball

Topic closed. 35 replies. Last post 10 years ago by pigsNtrees.

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which is better? mega millions or powerball

mega millions [ 19 ]  [41.30%]
powerball [ 22 ]  [47.83%]
not sure [ 5 ]  [10.87%]
Total Valid Votes [ 46 ]  
Discarded Votes [ 1 ]  
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New Jersey
United States
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September 4, 2005
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Posted: June 4, 2006, 9:27 pm - IP Logged

Megamillions gives a higher cash value, and rises faster in real terms, but the odds against winning are much longer.

I live in a border area and can play each game.  I play according to the expectation value, which is a value of the prize divided by the odds against winning it, adjusted for the likely numbers of winners and potential prizes.  Like all gamblers, I accept to play at an expectation value of much less than one, but even I have lower limits.  (In very large jackpots, the expectation value can be greater than one:  That's when I'll play agressively.)

Right now I am going to play Powerball lightly and not Megamillions.  Because of long odds, I generally don't play MM until the jackpot is well over an advertised annuity value of $40-50M.  Since the annuity at PB is a complete fraud, I kick in around that figure in advertised jackpots as well, even though, the odds are significantly better in PB.

 

 

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    Morrison, IL
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    Posted: June 4, 2006, 9:54 pm - IP Logged

    Yeah, Mega Millions need roll only once and its jackpot is not "guaranteed," while Powerball needs to roll twice to be non-guaranteed. It is more likely someone will win a guaranteed Powerball jackpot than a guaranteed Mega Millions jackpot, yet it has not happened yet in either game since the new matrices. Mega Millions was hit after one roll one time though.

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      Honduras
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      August 29, 2005
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      Posted: June 5, 2006, 4:51 am - IP Logged

      I don't like any of them...they are not a tri-state games.....you are going to tell me that ough of the 30 plus state they play on only 1 jackpot winner is selected....

       

       "Keno is "el diablo cazador de hombres"...............you can't see it................and it skins them..........................                  from movie "Predator"..........

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        Honduras
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        Posted: June 5, 2006, 5:11 pm - IP Logged

        30 plus something states all for a measly 15 million or on average 50 million dollars...


        ......"Keno is "el diablo cazador de hombres"........you can't see it...................and it skins them.................                              from movie "Predator"...........

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          Morrison, IL
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          Posted: June 5, 2006, 7:09 pm - IP Logged

          Well, what do you expect? Most of the lotteries that play Powerball aren't strong enough to have a rolling jackpot game on their own, unlike the Mega Millions lotteries. The reason Powerball was originally formed (as Lotto America) was to unite some small lottery states together to compete with the big lottery states' rolling jackpot games. The reason Mega Millions was formed was because Powerball worked too well and was starting to drain money from the big state lotteries.

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            Maryland
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            March 20, 2006
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            Posted: June 6, 2006, 2:25 pm - IP Logged

            Absolutely Megamillions......Powerball in DC does not permit me to remain unidentified.Jester

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              Morrison, IL
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              Posted: June 6, 2006, 11:37 pm - IP Logged

              I highly doubt Mega Millions states allow one to remain unidentified either.

                LOTTOMIKE's avatar - cash money.jpg
                Tennessee
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                October 15, 2004
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                Posted: June 16, 2006, 1:23 pm - IP Logged

                i agree ryanm........

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                  New Mexico
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                  Posted: June 16, 2006, 9:58 pm - IP Logged

                  do you think it would be a good idea for Powerball and Mega Millions to be in the same state?

                  No.  But I think they ought to adjust all the state boundaries in such a way as to make both easily available to all players by only driving a short distance.  Increase the number of states 10 fold or so to accomodate better consumer access to the lotteries.

                  Failing that, I think they ought to abolish both and go back to mob-run numbers games.

                  Jack

                  Absorb the good, ignore the bad, weigh the ugly.

                  It's about number behavior.

                  Egos don't count.

                   

                  Dedicated to the memory of Big Loooser

                   

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                    Morrison, IL
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                    Posted: June 17, 2006, 1:46 am - IP Logged

                    Mega Millions got hit again at a low jackpot level ($34 million annuity, $19.3 million cash). That's the fourth time its cash jackpot got hit under $50 million.

                      LOTTOMIKE's avatar - cash money.jpg
                      Tennessee
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                      Posted: June 17, 2006, 1:52 am - IP Logged

                      lets just hope they don't go raising the matrix again so soon.......

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                        New Mexico
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                        Posted: June 17, 2006, 9:04 am - IP Logged

                        30 plus something states all for a measly 15 million or on average 50 million dollars...


                        ......"Keno is "el diablo cazador de hombres"........you can't see it...................and it skins them.................                              from movie "Predator"...........

                        Lessee.  $50 M annuity probably comes out around $25 M cash value.  Minus maybe another 50 percent taxes, so the real, spendable value of a $50 M prize works out to maybe $12 M.

                        $12 M.

                        I'm trying to recall what's the most money I ever had in my hand or my bank account in my life, free and clear, no strings.  In dollars, not investments, vehicles, gadgetry.

                        Unless I'm mistaken it was something in the neighborhood of $60K.  Seemed to me at the time I thought it was a middling amount of money.

                        Okay, pumpi.  Now I'm thinking about the $12 M a person would have free and clear by winning a $50M jackpot, thinking how it would look if I were holding it in one hand, and holding $60 K in the other.

                        The most money I ever had (which I didn't consider measly) in one hand, pumpi.  $12 M in the other.

                        I'm trying to decide whether there's some way I could construe that $12 M as measly, pumpi, but I can't do it.

                        What's the most money you've ever had free and clear in your life, pumpi, to allow you to consider $12 M as measly?  Must have been a bunch. 

                         

                         

                        Absorb the good, ignore the bad, weigh the ugly.

                        It's about number behavior.

                        Egos don't count.

                         

                        Dedicated to the memory of Big Loooser

                         

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                          Morrison, IL
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                          Posted: June 17, 2006, 11:54 am - IP Logged

                          lets just hope they don't go raising the matrix again so soon.......

                          If they did that, lots of players would stay away from the low jackpot levels, especially if the number of combinations went over 200 million.

                            spy153's avatar - maren

                            United States
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                            Posted: June 17, 2006, 12:02 pm - IP Logged

                            I know I would. I might stay away from it all together.

                            voir-vous dans mes reves!Cool

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                              United States
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                              June 16, 2006
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                              Posted: June 17, 2006, 1:14 pm - IP Logged

                              I don't care if the jackpot is 10 million or 400 million, either one would be fine with me, compared to not winning at all.

                              Eight people won the 380 million in Nebraska in February I think, when it was all said and done, each one of the 8 only got 15 million.

                              120 million out of 380 million. 260 million to taxes.  What a joke. But 15 mill is better than zero mill, I guess.  I'd take it.

                              I play PB because it's what we have here.