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No winner, but the prize goes down?

Topic closed. 3 replies. Last post 7 years ago by markp1950.

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Milwaukee, WI
United States
Member #3131
December 27, 2003
665 Posts
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Posted: May 16, 2010, 10:50 pm - IP Logged

http://wilottery.com/lottogames/megabucks.aspx

Estimated Jackpots:



Wednesday, May 19, 2010 - $1.2  Million Annuity
0.7  MILLION Cash

Saturday, May 15, 2010 - $1.3  Million Annuity
0.7  MILLION Cash

 

    Todd's avatar - Cylon 2.gif
    Chief Bottle Washer
    New Jersey
    United States
    Member #1
    May 31, 2000
    23277 Posts
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    Posted: May 17, 2010, 7:31 am - IP Logged

    <Moved to Jackpot Games forum>

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

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      DFW, Texas
      United States
      Member #78628
      August 18, 2009
      134 Posts
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      Posted: May 17, 2010, 10:41 pm - IP Logged

      The cash value is the same; I'd assume that the actual cash value went up a little, but not enough to change the tenths-of-a-million number (unless ticket sales were unexpectedly low).  The anniutized value going down seems to go against convention, but it could be explained by lower expected return in the annuity.  If the interest rates expected this week are lower than the rates expected last week, that may decrease the expected return on the money in the jackpot pool and thereby lower the total of the payouts.

      I've seen a jackpot amount not increase in spite of a roll, but I'd never seen one decrease.  The lottery people don't want to promise more than they can deliver, and it would seem there's no rule requiring an increase in the case of a roll.  The only reason I can think of is changes in annuity interest rates.  In the past several draws in Lotto Texas the cash value has at times increased more than the annuitized value due to the same phenomenon.  This isn't the same effect, but it does (seem to, at least) have the same cause.

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        Milwaukee, WI
        United States
        Member #3131
        December 27, 2003
        665 Posts
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        Posted: May 18, 2010, 6:19 am - IP Logged

        They fixed it. Cash jackpot doesn't move fast.

         

        Estimated Jackpots:



        Wednesday, May 19, 2010 - $1.4  Million Annuity
        0.7  MILLION Cash

        Saturday, May 15, 2010 - $1.3  Million Annuity
        0.7  MILLION Cash