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Only $5 million increase

Topic closed. 17 replies. Last post 7 years ago by Guru101.

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bobby623's avatar - abstract
San Angelo, Texas
United States
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Posted: February 11, 2010, 12:33 pm - IP Logged

I think a lot of folks believed the cross selling of PB and MM tickets would bring about larger increase in game-to-game jackpot amounts.

The increase for next game is $5 million.

Maybe the rush to buy PB  tickets by former MegaMillions only states isn't as large as the experts had hoped.

    RJOh's avatar - chipmunk
    mid-Ohio
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    Posted: February 11, 2010, 12:51 pm - IP Logged

    Cross selling is likely to hurt either game when its jackpot is the lower one.  Why would players buy tickets for the lower jackpot when they can buy tickets for a larger jackpot with similar odds for the same price?  Unless a player figures his knowledge of one game gives him better odds of winning then he's probably going to buy some Quick Picks for the game with the larger jackpot.

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

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      Atlanta
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      Posted: February 11, 2010, 2:04 pm - IP Logged

      I think the lottery folks are taking into account blizzrd conditions in the northeast.

        rcbbuckeye's avatar - Lottery-043.jpg
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        Posted: February 11, 2010, 10:06 pm - IP Logged

        I think the lottery folks are taking into account blizzrd conditions in the northeast.

        Agree. Weather is probably affecting sales right now.

        Then again. I make sure I get my tics for all the games no matter what the weather is.

        CAN'T WIN IF YOU'RE NOT IN

        A DOLLAR AND A DREAM (OR $2)

          Guru101's avatar - rw6jhh
          Indiana
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          Posted: February 12, 2010, 1:27 am - IP Logged

          I think a lot of folks believed the cross selling of PB and MM tickets would bring about larger increase in game-to-game jackpot amounts.

          The increase for next game is $5 million.

          Maybe the rush to buy PB  tickets by former MegaMillions only states isn't as large as the experts had hoped.

          There's nothing really out of the ordinary in this. People are snowed in. Mega Millions has better odds and is currently higher. A lot of stuff comes into play. The one thing that should always be considered: the jackpot advertised is an estimate, it's not an exact amount. Always remember that.

          Gonna win.Big Smile

            time*treat's avatar - radar

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            Posted: February 12, 2010, 3:28 am - IP Logged

            I think a lot of folks believed the cross selling of PB and MM tickets would bring about larger increase in game-to-game jackpot amounts.

            The increase for next game is $5 million.

            Maybe the rush to buy PB  tickets by former MegaMillions only states isn't as large as the experts had hoped.

            I'll take it. Big SmileBanana

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

              Guru101's avatar - rw6jhh
              Indiana
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              Posted: February 12, 2010, 3:30 am - IP Logged

              I'll take it. Big SmileBanana

              Oh yeah. Me too. It's mine! Muahahahaha!Big Grin

              Gonna win.Big Smile

                RJOh's avatar - chipmunk
                mid-Ohio
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                Posted: February 12, 2010, 5:59 pm - IP Logged

                People may play because of the jackpots size but facts are jackpots are only won in about 12% of the drawings. Second prizes of $200K and $250K both fixed amounts regardless of jackpots sizes are won most often.

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

                  diamondpalace's avatar - Untitled 2.jpg
                  Dallas, TX
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                  Posted: February 12, 2010, 6:15 pm - IP Logged

                  Be optimistic. It will increase when the weather permits people to get out of the house.

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                    New Jersey
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                    Posted: February 12, 2010, 10:38 pm - IP Logged

                    Actually, with the artificially inflated "20 million" jackpot, even with Powerball's really really really phony annuity calculation, Powerball sales seldom cover the cash jackpot on the first draw.

                    One will not really see the effect of a larger population pool until third or fourth draws.

                      joshuacloak's avatar - Money Swim-uncle-scrooge-mcduck-35997717-677-518.jpg

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                      Posted: February 13, 2010, 3:04 am - IP Logged

                      agreed with everyone else

                      you cant really feel the effects of large pop on small jackpots,  people just dont play much when its low!

                       

                      think of it like a plane

                      their just taking off the run way when their below say 50m range, far as speed it can GO at

                       

                      or a rocket blasting off to space, the first part"ground takeoff  is always  the hardest,slowest, 

                      we just got a engine boost in speed is all

                      , you wont notice it much , to its a little high up, then you WILL notice how much faster it is

                      just wait to our first 200m or 300m range pb/mm jackpot, then you see just how much faster  it can "blast off" into space!

                        Guru101's avatar - rw6jhh
                        Indiana
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                        Posted: February 14, 2010, 3:12 am - IP Logged

                        Check that out. 2nd jump was from $25 million to $40 million. That is definitely higher than what it was before. Looks like $30-$32 million was very common for 2nd jump. That's a pretty big jump.

                        Gonna win.Big Smile

                          RJOh's avatar - chipmunk
                          mid-Ohio
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                          Posted: February 14, 2010, 9:20 am - IP Logged

                          Check that out. 2nd jump was from $25 million to $40 million. That is definitely higher than what it was before. Looks like $30-$32 million was very common for 2nd jump. That's a pretty big jump.

                          If you think that was a big jump, wait until MM states California and Ohio start selling PowerBall tickets.

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

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                            Morrison, IL
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                            Posted: February 14, 2010, 11:33 am - IP Logged

                            Yes, it looks like the Powerball cash jackpot is rolling just as fast as the Mega Millions cash jackpot now.  The reason Mega's looked faster on the second roll is because Mega's cash jackpot starts lower than Powerball's, even with Powerball's inflated annuity.

                            ---

                              joshuacloak's avatar - Money Swim-uncle-scrooge-mcduck-35997717-677-518.jpg

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                              Posted: February 14, 2010, 12:21 pm - IP Logged

                              intresting thing about powerball inflated annuity,

                               

                              mm catchs up ON THE 2ND roll!

                              i give you the lastest cash amount for pb first 2 draws vs mm

                              pb $9.9 Million

                              pb $12.3 Million

                               

                              mm $7 Million

                              mm $12 Million

                              as you can see mega millions is all but catched up by the 2nd draw

                               

                              on the 3rd roll, MM just got the  lead and is not letting pb beat it ever again in cash

                              , so mm= better jackpots  overall

                              going in deeper into it:

                              pb inflated annuity really starts getting werid at the high 200m to 300m  range compared to MM at same levels

                               

                              highest jackpot of 2009 for powerball was "augest 19,2009  its annuity 260m, ITS CASH was $129,500,000

                              take mm at SAME month last year just atfer the  high powerball got won

                              Mega Millions Jackpot for Aug. 25, 2009  annuity was 252m  yet its cash was $159,000,000!

                              powerball inflated annuity is really "bluff", mega millions crushs it in cash value

                              let me put it this way, if mm jackpot is in the high 300s, you need a high 400 million pb jackpot just to match the cash of mega millions

                              i rather have  A high MM jackpot any day of the week then a high powerball jackpot of same level

                              , sense mega millions offer the best cash jackpots hands Down

                              plus powerball has that stupid record jackpot cap their "inflated annuity" triggers for christ sakes!

                               mm cash jackpot records will would be laughing all the way to the bank