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How does Euro Millions do it?

Topic closed. 9 replies. Last post 10 years ago by JimmySand9.

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twisted's avatar - underground
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Posted: December 17, 2006, 4:50 pm - IP Logged

Its been a long time since I've posted.  But I've been checking the forums regularly and I didn't see anyone discussing this topic so I decided to post it.

How does Euro Millions do it?   From the beginning of the jackpot run, it starts rolling around $13 million (cash) dollars.  It also has a much higher starting jackpot compared to PB and MM.  Sure the drawings are only held once a week, but if you look at the rolls in MM and PB in the beginning of the jackpot run, they only rise by roughly $6-$7 million (cash) the first two draws of the jackpot run.  This is after advertising the inflated annuity values which should only help their sales. 

And then you have the length of the jackpot runs.  Euro Millions with the lower jackpot odds, rises faster (cash wise), higher, and more often than PB and MM which have much higher odds of hitting the jackpot.  Just this year, Euro Millions reached almost $230 million dollars (cash).  And they have no tax on lottery winnings in Europe (as far as I know)!!!!!!

I think for PB and MM, there is something to learn from Euro Millions. 

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    Chief Bottle Washer
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    Posted: December 17, 2006, 9:34 pm - IP Logged

    <Moved to Jackpot Games forum>

    Please post in the appropriate forum ... thank you.

      Todd's avatar - Cylon 2.gif
      Chief Bottle Washer
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      Posted: December 17, 2006, 9:35 pm - IP Logged

      Its been a long time since I've posted.  But I've been checking the forums regularly and I didn't see anyone discussing this topic so I decided to post it.

      How does Euro Millions do it?   From the beginning of the jackpot run, it starts rolling around $13 million (cash) dollars.  It also has a much higher starting jackpot compared to PB and MM.  Sure the drawings are only held once a week, but if you look at the rolls in MM and PB in the beginning of the jackpot run, they only rise by roughly $6-$7 million (cash) the first two draws of the jackpot run.  This is after advertising the inflated annuity values which should only help their sales. 

      And then you have the length of the jackpot runs.  Euro Millions with the lower jackpot odds, rises faster (cash wise), higher, and more often than PB and MM which have much higher odds of hitting the jackpot.  Just this year, Euro Millions reached almost $230 million dollars (cash).  And they have no tax on lottery winnings in Europe (as far as I know)!!!!!!

      I think for PB and MM, there is something to learn from Euro Millions. 

      Have you compared the size of the player base for EM vs. PB and MM?  I don't know what it is, but it would be interesting to see.

       

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        twisted's avatar - underground
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        Posted: December 17, 2006, 10:03 pm - IP Logged

        Here is the estimated population breakdown of the participating EM countries.

        France: 60,876,136

        England: 50,431,700

        Spain: 40,397,842

        Belgium:  10,379,067

        Luxembourg:  474,413

        Switzerland:  7,523,934

        Portugal: 10,605,870

        Ireland: 4,062,235

        Austria: 8,192,880

         

        Total:  192,944,077

         

        So I guess the player base is larger than even MM.  Yet its quite astounding how often it rolls, even with such a low odds to player base ratio.  The odds to win the Euro Millions jackpot is only 1 in 76,275,360 compared to MM's 1 in 175,711,536.  I guess you don't need to make the odds astronomical to generate a high jackpot.

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          Posted: December 17, 2006, 10:14 pm - IP Logged

          Among the Euro Millions jurisdictions, there are 210,688,512 people. Add that to the ability to buy tickets online in some countries, lower age expectations (at least in the UK), and a 2 euro ticket price, chances are there is probably more money to be given away, even though only 11% of sales goes to the jackpot (By comparison, Powerball puts 32% in the jackpot). But then again just in the recent draw the UK alone but over $15,000,000 (US) into the jackpot, so the low percentage doesn't really make much of a difference.

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            Chief Bottle Washer
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            Posted: December 17, 2006, 10:19 pm - IP Logged

            Given a player base of 50 million people more than Mega Millions, I'm not surprised that the rolls are bigger.

             

            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
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              Posted: December 17, 2006, 10:20 pm - IP Logged

              Here is the estimated population breakdown of the participating EM countries.

              France: 60,876,136

              England: 50,431,700

              Spain: 40,397,842

              Belgium:  10,379,067

              Luxembourg:  474,413

              Switzerland:  7,523,934

              Portugal: 10,605,870

              Ireland: 4,062,235

              Austria: 8,192,880

               

              Total:  192,944,077

               

              So I guess the player base is larger than even MM.  Yet its quite astounding how often it rolls, even with such a low odds to player base ratio.  The odds to win the Euro Millions jackpot is only 1 in 76,275,360 compared to MM's 1 in 175,711,536.  I guess you don't need to make the odds astronomical to generate a high jackpot.

              You're not accounting for the much higher ticket cost.

               

              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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                Posted: December 18, 2006, 10:23 am - IP Logged

                JimmySand9...so I understand you correctly, you said England put in over $15 million (US) into a jackpot.  Was that for one week?  Was that equal to 11% of the sales for that time period?

                If so, the following occured based on US Dollars:

                Ticket Sales  $135 million 

                Tickets Sold  67.5 million

                 

                Am I in the ballpark with these figures? 


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                  Posted: December 18, 2006, 10:44 pm - IP Logged

                  twisted, I hope Euro Millions change it's matrix where the odds of winning the jackpot is more than the population of the European countries.

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                    Posted: December 19, 2006, 12:21 am - IP Logged

                    JimmySand9...so I understand you correctly, you said England put in over $15 million (US) into a jackpot.  Was that for one week?  Was that equal to 11% of the sales for that time period?

                    If so, the following occured based on US Dollars:

                    Ticket Sales  $135 million 

                    Tickets Sold  67.5 million

                     

                    Am I in the ballpark with these figures? 

                    I don't know. I was really just making an educated guess. Maybe that was the figure of all of the countries combined, maybe I added a digit somewhere in my calculation, I really don't know.

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