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How Long Will It Be Until We Have A Lotto Billionaire ?

Topic closed. 44 replies. Last post 10 years ago by pacattack05.

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justxploring's avatar - villiarna
Wandering Aimlessly
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November 5, 2005
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Posted: June 3, 2007, 4:55 am - IP Logged

Stack47 writes:  "More and more states are offering raffles that have multiple $1 million winners and are selling them quickly. The scratch-off sales are over 60% of all lottery sales. Just to get to a $1 billion jackpot, they would need about $2 billion in ticket sales so the question really is will people stop playing raffles, the other online games, and scratch-offs to play that?"

Good point!  This might be a new topic for discussion, that is, "Do the new $10 and $20 Raffles have an effect on other Lottery games?"  I was thinking about this earlier because I noticed the Fant 5 here has had lower jackpots lately, but this isn't too uncommon in the summer when many part-time residents leave Florida.

    RJOh's avatar - chipmunk
    mid-Ohio
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    Posted: June 3, 2007, 8:56 am - IP Logged

    The Ohio Classic Lotto's odds are 1 in 14 million (6/49) and it took 56 draws before the jackpot reached $14 million, but in the last huge Mega Millions jackpot, it took only 13 draws before the jackpot reached $175 million. In one of our forums somebody gives the actual percentages of the jackpot being hit based on the amount.  When the $390 million jackpot was hit, I believe they sold 212 million tickets and there were two jackpot winners.

    To get "a lotto billionaire", about $2 billion would have to wagered and there could only be one winner so under the present matrix, it's highly unlikely.

    According to Lottoreport website these were the sales amounts leading up to MM $390M jackpot.

     

     dates total ticket sales  jackpot size
    03/06/07
    03/02/07
    02/27/07
    02/23/07
    02/20/07
    02/16/07
    02/13/07
    02/09/07
    02/06/07
    02/02/07
    01/30/07
    01/26/07
    01/23/07
    01/19/07
    01/16/07
    01/12/07
    $212,819,366
    $110,612,211
    $75,620,299
    $55,422,237
    $42,211,361
    $37,513,294
    $31,788,056
    $27,109,642
    $21,480,849
    $21,733,136
    $18,566,201
    $18,099,011
    $16,094,957
    $16,113,616
    $13,771,942
    $15,948,944
    $370
    $275
    $216
    $177
    $150
    $130
    $106
    $91
    $77
    $65
    $54
    $43
    $33
    $25
    $16
    $12

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

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      Westerose
      Canada
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      Posted: June 23, 2007, 5:19 am - IP Logged

      As the games stand now, I don't see a billion dollar jackpot happening (as others have mentioned in this thread).

      Given the same games, and since matrixes expand and expand, jackpots just get more elusive.

      The thought of a national lotto is nice, but it would probably kill off at least PB and MM - unless they merged (so to speak) to operate it.

      Maybe if all this talk of a North American Union happens, someone will win 1,000,000,000,000 "ameros" but if that happens we'll be living under socialist tyrants and the winner probably wouldn't see most of the jackpot money anyway - if there were still lotteries at all. (Socilaists would have to abolish them to be good socialists, no?)

      Bang Head

      well ummm up in Canada since most Americans think Canada is a Socialist Country lol.... ya don't have to pay taxes on lottery winnings so that theory is shot down.

       

      There is talk of a world Lottery that would be a Billion Dollars.... I don't know how they plan on working it out but there is talk of it. .

      I would still play other games like PB and MM and Super 7 or 6/49 even if that was in place. But I would love to play a Billion Dollar Lottery....  and hopefully one where ya didn't have to pay taxes on it like they have it in Canada.

      Actually I think the US is one of the few countries where you have to pay taxes on a lottery win.

      You live a life of abundance! You have won the lottery! Belief creates reality! Believe!

        MissNYC's avatar - diva
        Westchester, New York
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        Posted: June 23, 2007, 10:49 am - IP Logged

        According to Lottoreport website these were the sales amounts leading up to MM $390M jackpot.

         

         dates total ticket sales  jackpot size
        03/06/07
        03/02/07
        02/27/07
        02/23/07
        02/20/07
        02/16/07
        02/13/07
        02/09/07
        02/06/07
        02/02/07
        01/30/07
        01/26/07
        01/23/07
        01/19/07
        01/16/07
        01/12/07
        $212,819,366
        $110,612,211
        $75,620,299
        $55,422,237
        $42,211,361
        $37,513,294
        $31,788,056
        $27,109,642
        $21,480,849
        $21,733,136
        $18,566,201
        $18,099,011
        $16,094,957
        $16,113,616
        $13,771,942
        $15,948,944
        $370
        $275
        $216
        $177
        $150
        $130
        $106
        $91
        $77
        $65
        $54
        $43
        $33
        $25
        $16
        $12

        Wow that's pretty interesting! What's even more interesting is jump o fplayers b/w $275 mil and 370 mil.

        "If you just keep believing, that dream that you wish will come true"

        Bed

         

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          Kentucky
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          Posted: June 23, 2007, 4:05 pm - IP Logged

          Wow that's pretty interesting! What's even more interesting is jump o fplayers b/w $275 mil and 370 mil.

          When the jackpot was projected at $275 million, ticket sales were $110 million so I'll bet even the Mega Millions people were shock when the sales almost doubled for the next draw. That probably happened because the players correctly assumed the next draw would be "must win" and wagered much more.

          The one draw sales of $212 million exceeded the number of possible combinations (175 million) so while it was possible there would be no winner and the jackpot would roll, it was highly unlikely. We might see a higher jackpot but I seriously doubt will under the present matrix it could ever reach $1 Billion even if that includes the winners waiting 26 years to get their money.


            Brazil
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            Posted: June 24, 2007, 12:02 am - IP Logged

            Billion lottery game. 

            Actually, it would be possible if someone make a 7/100 lottery.

            Imagine the odds:

             

            0 of 7 : -> 1 in 1.7

            1 of 7 : ->  1 in 3

            2 of 7 : ->  1 in 14.7

            3 of 7 : ->  1 in 156.6

            4 of 7 : ->  1 in 3524.5

            5 of 7 : ->  1 in 178182.5

            6 of 7 : ->  1 in 24589188

            7 of 7 : ->  1 in 16007561216

              Coin Toss's avatar - shape barbed.jpg
              Zeta Reticuli Star System
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              Posted: June 24, 2007, 12:21 am - IP Logged

              Since this thread is still going......

              Consdiering some recent threads, such as the one in News about the thwarted kidnapping attempt of the Montral jackpot winners, and threads about winners being hounded,  would you even want to win the first billion dollar jackpot?

              Chances are anonymity would be out of the question and it would be quite a while before you had a moment's peace.  

              Those who run the lotteries love it when players look for consistency in something that's designed not to have any.

              Lep

              There is one and only one 'proven' system, and that is to book the action. No matter the game, let the players pick their own losers.

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                Westerose
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                Posted: June 24, 2007, 1:20 am - IP Logged

                Since this thread is still going......

                Consdiering some recent threads, such as the one in News about the thwarted kidnapping attempt of the Montral jackpot winners, and threads about winners being hounded,  would you even want to win the first billion dollar jackpot?

                Chances are anonymity would be out of the question and it would be quite a while before you had a moment's peace.  

                I would since I have no problem whatsoever saying "No!!" to people asking for money.....  Also people can't even find our property when we give them detailed directions now lol...... 

                People not knowing our physical address after a lottery win is the only benefit I can see to the way our rurual route address is set up now...  Site Box Rurual Route...  I can't even get a Fedex delivery... everytime I buy something from Ebay I have to ensure they send it through the post.

                So those things wouldn't be a big deal to me....  besides we would just dress very weird addams family like when we went to pick of the ceremonial check anyway so much so that any wouldbe kidnappers or the like woulod be afraid to come around us lol

                You live a life of abundance! You have won the lottery! Belief creates reality! Believe!

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                  Posted: June 24, 2007, 2:57 am - IP Logged

                  It probably will never happen, and no offend but I got to says that your probably one of the one greediest person on this website. 

                  Yeah! sure many of us here want to win a large some of money of help ourself and family members.

                  Greed definitely has no dept in some people in this world's.....gee...shh...

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                    Westerose
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                    Posted: June 24, 2007, 3:24 am - IP Logged

                    It probably will never happen, and no offend but I got to says that your probably one of the one greediest person on this website. 

                    Yeah! sure many of us here want to win a large some of money of help ourself and family members.

                    Greed definitely has no dept in some people in this world's.....gee...shh...

                    Get this straight. My area of concern isn't people. In fact I think there are too many people in the world at over 6 Billion. My area of concern is the environment, plants, and animals. So that is what I would be using any lottery winnings on and frankly I don't need anyone telling me how to use the money I have now or money from a future lottery win because I know how to use what I have now and any further money just fine for what I find important. And it's not people.

                    You can call me greedy all you want because of this but I think that my concerns are far more valid than those of people wanting to give cash to people so they can have more and more kids and such and over populate a planet that already has too many people on it.

                    And no I am not one of those PETA,HSUS Animal "Rights" freaks..... simply because I understand that animals don't particulary want or need the "Rights" those groups are trying to give them.  Those groups put human faces on animals and that just makes things worse for the animals. Leads to all these wrong notions about what animals need and want.

                    So yeah when I win any type of Jackpot my monies are going to things that help bring the world back to an Eden type state and in my opinion that doesn't include feeding the straving masses, or giving any type of help to humans other than those humans that are important to me in my life. IE family and friends.

                    I am really sick of people trying to impose their views of charity on myself or anyone else. I am sick of people saying that certian people deserve money because they help the cancer that  humanity can and has in some cases become grow larger and larger on Planet Earth.

                    People that run about spouting about all the people they will help if they win the lottery are alot more greedier than I am in an emotional sense. Simply because they are looking for 3 cheers from everyone.

                    In the event of a large lottery win I will most likely spend alot more money than anyone here on things that would actually benefit the world. Again that doesn't include helping people. My area of concern apart from my own kith and kin is the environment,plants, and animals. That's not greed! It's just my priority.

                    You live a life of abundance! You have won the lottery! Belief creates reality! Believe!

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                      Posted: June 26, 2007, 3:22 am - IP Logged

                      sure whatever you says bro, just like David Edward when got his check live on tv and says how he NOT going to buy expansive cars and mansion.  And than went around and went the opposite, what you do with the money is none of my concern.  All I'm saying is that Greed has no dept in some human being. 

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                        Posted: June 26, 2007, 3:25 am - IP Logged

                        By the way when you bought that lottery ticket or tickets remember if you're not the only one buying so there are millions of other people too.  And their chance of winning is just as good as yours, even if they don't plan to put money to good use like Jack and Edward, well Edward did donate some money.  But you get the point.

                          time*treat's avatar - radar

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                          Posted: June 26, 2007, 10:04 am - IP Logged

                          As the games stand now, I don't see a billion dollar jackpot happening (as others have mentioned in this thread).

                          Given the same games, and since matrixes expand and expand, jackpots just get more elusive.

                          The thought of a national lotto is nice, but it would probably kill off at least PB and MM - unless they merged (so to speak) to operate it.

                          Maybe if all this talk of a North American Union happens, someone will win 1,000,000,000,000 "ameros" but if that happens we'll be living under socialist tyrants and the winner probably wouldn't see most of the jackpot money anyway - if there were still lotteries at all. (Socilaists would have to abolish them to be good socialists, no?)

                          Bang Head

                          Somewhere between 2025 ~ 2050.

                          More likely 1 million "ameros" (6 zeroes) rather than 1 trillion (12 zeroes).

                          Usually 3 zeroes are lopped off when a new "currency" is issued; calms the sheeple. Bed

                          In neo-conned Amerika, bank robs you.
                          Alcohol, Tobacco, and Firearms should be the name of a convenience store, not a govnoment agency.

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                            Posted: June 26, 2007, 12:51 pm - IP Logged

                            When the jackpot was projected at $275 million, ticket sales were $110 million so I'll bet even the Mega Millions people were shock when the sales almost doubled for the next draw. That probably happened because the players correctly assumed the next draw would be "must win" and wagered much more.

                            The one draw sales of $212 million exceeded the number of possible combinations (175 million) so while it was possible there would be no winner and the jackpot would roll, it was highly unlikely. We might see a higher jackpot but I seriously doubt will under the present matrix it could ever reach $1 Billion even if that includes the winners waiting 26 years to get their money.

                            The MM people were definitely caught off guard unless they were being  very cautious about advertising ajackpot that was too high. When the previous jackpot rolled they initially advertised the next jackpot as $340 million. On Monday they bumped it to 355 and they bumped it again, to 370, about 24 hours later. After the two bumps increased it by $30 million, the final accounting added another $20 million for an increase of $115 million over the previous jackpot.That was just over a 40% jump

                            There was actually a fairly good chance of that jackpot rolling. According to Prob988's post on the probabilities of rollovers, the actual ticket sales meant there was nearly a 30% chance that nobody would win. That's based on a completely random distribution of combinations, but since combinations aren't all picked randomly there would have been a lot more than 30% of them that went unplayed. The real chance of a rollover was probably a bit better than 1 in 3, and there's no way that counts as highly unlikely.  There was "only" a 20% chance of 2 winners, but what really happens comes down to the numbers that fall. If the megaball hadn't been a birthday number there's a good chance that the jackpot would have rolled.

                            As far as seeing a lottery billionaire, that's certainly unlikely, but all of the big jackpots are unlikely. The entire lottery business is built on unlikely events, unless you're the house. If what we're really looking for is a $1 billion annuity jackpot, it's a simple matter of time. It could happen on this run, or it may not happen for 10, 20 or 50 years. As long as people keep buying tickets,  the current games will eventually produce it. For a single winner to actually see a pre-tax cash payout that big is probably at least several hundred times less likely. Still, that's also a certainty if things continue as they are.

                              RJOh's avatar - chipmunk
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                              Posted: June 26, 2007, 1:30 pm - IP Logged

                              It probably will never happen, and no offend but I got to says that your probably one of the one greediest person on this website. 

                              Yeah! sure many of us here want to win a large some of money of help ourself and family members.

                              Greed definitely has no dept in some people in this world's.....gee...shh...

                              Those are harsh remarks for someone you don't know.  My experience has been that those kinds of remarks are usually saved for people who have turn down someone request for money but most people feel the same way about giving their money away. 

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