|Posted: November 15, 2009, 12:44 pm - IP Logged|
I just read the game rules, which basically states:
1. For each draw, 50% of the gross revenue will be allocated as the prize pool for payment.
2. First prize (5-of-5 numbers) winning pool will consist of 62% of the prize pool divided equally among winners (plus money carried forward from previous draw).
3. Second prize (4-of-5) winning pool will consist of 10% of the prize pool divided equally among winners.
4. Third prize (3-of-5) winning pool will consist of 28% of the prize pool divided equally among winners.
*5. Fourth prize (2-of-5) winning pool (free Fantasy 5 tickets) will not be included in gross revenue calculations.
*6. Second and third prizes will be rounded to the nearest fifty cents (.50), but third prize will never be less than $3.50. All rounding differences from these prizes will be used to fund future prizes.
Now I'm not that great at math (otherwise I wouldn't be spending time chasing lottery jackpots today and would be back in the stock market), but using this information, I believe that in last night's (9/14/09) drawing for example, 950,063 tickets were purchased, and the state grossed roughly $419,116 off of that drawing. And on the drawing before that one, 870,181 tickets were sold.
I suppose that when you have this many tickets being purchased per game, it makes a little more sense to me that there's almost always at least one ticket beating the 376,992 odds.