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What's up with Texas Cash 5?

Topic closed. 7 replies. Last post 5 years ago by LANTERN.

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United States
Member #110540
May 6, 2011
14 Posts
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Posted: June 3, 2011, 3:12 pm - IP Logged

Why is texas cash 5 jackpot so low? By comparison, Florida's Fantasy 5 is easier to win, yet the jackpot is about 10x greater. Specific breakdown:

 

Florida Fantasy 5: 5/36 matrix 376,992 odds top prize range 180-270 thousand $ (depending on day of week)

 

 

Texas Cash 5: 5/37 matrix, 435,897 odd top prize range: 20-24 thousand $. I am confused; In a game of pick 5, I thought the harder it is to win, the higher the prize.

 

 

Also, if I view the prizes from the mid 1990s, then the prize looks reasonable high for the odds, maybe slightly higher (presumably 5/39 back then) Example: 11/3/1995 366 thousand $ top prize. But still, 20-24 grand for a 5/37 pick 5 game, what gives?

 

Basically, I want to know what happened to this game that made it look so horrible with its low payouts.

    bobby623's avatar - abstract
    San Angelo, Texas
    United States
    Member #1097
    January 31, 2003
    1394 Posts
    Online
    Posted: June 4, 2011, 8:35 pm - IP Logged

    To find the answer you seek, go to the Texas Lottery website.

    On home page, go to bottom of the file and click on Site Map.

    Go to the agenda minutes file. There are several years of commission meetings.

    You can read them all, or just browse agenda items at top of the files for Cash 5.

    This is not official, but, conjecture says a former chairman, particularly one that was behind just about all the game changes since 1992, wanted to increase profits.

    Lotto was changed from 6/50 to 6/54.

    A new game, Texas Millions, was initiated. It failed to  meet revenue goals and was cancelled. 

    Cash 5/39 went from 2 drawings per week to 4 per week. However, the change backfired. Cash 5 profits went
    downhill rather quickly.

    Subsequently, Cash 5/39 went to Cash 5/37 with daily drawings.

    The total winners headcount improved, due to $2 for 2/5 rather than a free ticket, but profits continued to fall, from about $75,000 initially 
    to the current $25,000 or less.

    Unfortunately, the folks who engineered the changes, except for the chairman who quit or was fired, are still there.
    Rather than admit they screwed up, even lied about the average jackpot total in their ads until exposed by some college students, they
    are just letting the game die on its own inertia. They are making money, but, it's not an item for discussion at the meetings.

    There have been rumors about a new game, but nothing is ever said at the meetings. I read all of the minutes.

    I don't know why you are interested, but, don't get your hopes up. Nothing's going to change until the folks who play regularly decide
    to give it up, and the jackpot nosedives even further than it has.

      rcbbuckeye's avatar - Lottery-043.jpg
      Texas
      United States
      Member #55889
      October 23, 2007
      5595 Posts
      Offline
      Posted: June 12, 2011, 10:41 am - IP Logged

      To find the answer you seek, go to the Texas Lottery website.

      On home page, go to bottom of the file and click on Site Map.

      Go to the agenda minutes file. There are several years of commission meetings.

      You can read them all, or just browse agenda items at top of the files for Cash 5.

      This is not official, but, conjecture says a former chairman, particularly one that was behind just about all the game changes since 1992, wanted to increase profits.

      Lotto was changed from 6/50 to 6/54.

      A new game, Texas Millions, was initiated. It failed to  meet revenue goals and was cancelled. 

      Cash 5/39 went from 2 drawings per week to 4 per week. However, the change backfired. Cash 5 profits went
      downhill rather quickly.

      Subsequently, Cash 5/39 went to Cash 5/37 with daily drawings.

      The total winners headcount improved, due to $2 for 2/5 rather than a free ticket, but profits continued to fall, from about $75,000 initially 
      to the current $25,000 or less.

      Unfortunately, the folks who engineered the changes, except for the chairman who quit or was fired, are still there.
      Rather than admit they screwed up, even lied about the average jackpot total in their ads until exposed by some college students, they
      are just letting the game die on its own inertia. They are making money, but, it's not an item for discussion at the meetings.

      There have been rumors about a new game, but nothing is ever said at the meetings. I read all of the minutes.

      I don't know why you are interested, but, don't get your hopes up. Nothing's going to change until the folks who play regularly decide
      to give it up, and the jackpot nosedives even further than it has.

      I quit playing Cash 5 because the odds are way out of line for the jackpot amount. If they would get rid of the $2 payout for 2/5, that would shift more $ for the jackpot, but like you said, they don't even talk about changing anything in the meetings, and like you, I read the minutes of the meetings also.

      Eventually we will see the Cash 5 just go away. I really hope they would replace it with a game like PA's Quinto. The odds are 100,000 to 1 for $50,000.

      We shall see.

      CAN'T WIN IF YOU'RE NOT IN

      A DOLLAR AND A DREAM (OR $2)

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        Monkey Butt, USA
        United States
        Member #54569
        August 23, 2007
        1124 Posts
        Offline
        Posted: June 17, 2011, 9:40 pm - IP Logged

        Keep in mind that when TX Cash 5 was 5/39 two and four days a week the jackpot rolled over.

        When the TX Cash 5 changed to 5/37, started the 2/5 payout, and went to six days a week the jackpot was significantly reduced and no longer rolled over.

          LANTERN's avatar - kilroy 28_173_reasonably_small.jpg
          Tx
          United States
          Member #4570
          May 4, 2004
          5180 Posts
          Offline
          Posted: June 18, 2011, 7:48 pm - IP Logged

          Maybe people should quit playing the TxLotto and the TxCash5 so they can "Go Away" having the other better games is enough and or they can replace those two games with just one new-one.

          To replace those 2 games maybe a regular no bonus ball 6/49 game should be made.

          So long as people buy tickets and they (The state lottery) makes a profit, they probably don't care much for what people want or not.

          I see that for the pick 3 and pick 4 on the TLC site they don't give details as to how many people won boxed and straight.

          BibleOnline  ParishesOnline  ChristianRadioOnline   MassOnline   Mass

          "Ten measures of beauty descended to the world, nine were taken by Jerusalem."

            diamondpalace's avatar - Untitled 2.jpg
            Dallas, TX
            United States
            Member #60284
            April 12, 2008
            3856 Posts
            Offline
            Posted: June 18, 2011, 8:44 pm - IP Logged

            TX Cash 5 sucked. I like Georgia Fantasy 5 and Florida. Those roll over, FL has better odds 5/36.

              RJOh's avatar - chipmunk
              mid-Ohio
              United States
              Member #9
              March 24, 2001
              19825 Posts
              Offline
              Posted: June 18, 2011, 9:59 pm - IP Logged

              You guys got me thinking about buying a few Ohio Rolling Cash5 tickets for the Sunday drawing.  It's a 5/39 game that pays $1 for a 2of5 match and its jackpot is at $425K.

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

                LANTERN's avatar - kilroy 28_173_reasonably_small.jpg
                Tx
                United States
                Member #4570
                May 4, 2004
                5180 Posts
                Offline
                Posted: June 19, 2011, 8:31 pm - IP Logged

                You guys got me thinking about buying a few Ohio Rolling Cash5 tickets for the Sunday drawing.  It's a 5/39 game that pays $1 for a 2of5 match and its jackpot is at $425K.

                Ohio's Cash 5 has a joackpot of $425,000?

                The TxCash 5 hardly ever pays more than about $20,000:

                06/18/2011    09    12    14    16    24    $0         0
                06/17/2011    01    11    15    31    33    $0         0
                06/16/2011    04    17    20    30    37    $0         0
                06/15/2011    05    10    12    14    15    $20,270    1
                06/14/2011    10    16    20    21    31    $21,513    1
                06/13/2011    09    12    18    24    32    $4,661     5
                06/11/2011    01    02    08    12    34    $22,526    1
                06/10/2011    06    08    25    33    36    $0         0
                06/09/2011    04    06    11    28    37    $10,847    2
                06/08/2011    09    11    13    21    25    $10,082    2
                06/07/2011    04    10    14    25    30    $21,728    1
                06/06/2011    02    03    21    26    28    $0         0
                06/04/2011    10    19    28    33    34    $0         0
                06/03/2011    01    15    28    34    36    $0         0
                06/02/2011    05    08    30    33    37    $0         0
                06/01/2011    01    20    21    28    31    $0         0
                05/31/2011    12    15    16    23    25    $0         0
                05/30/2011    06    07    08    12    23    $9,214     2
                05/28/2011    05    18    28    33    37    $0         0
                05/27/2011    01    18    20    26    33    $24,941    1
                05/26/2011    09    10    13    18    24    $20,973    1
                05/25/2011    05    18    24    27    30    $21,273    1
                05/24/2011    09    18    26    29    31    $0         0
                05/23/2011    20    25    29    31    32    $25,046    1
                05/21/2011    10    11    19    34    37    $0         0
                05/20/2011    03    21    26    27    37    $0         0
                05/19/2011    07    14    22    27    32    $0         0
                05/18/2011    02    20    24    29    31    $0         0
                05/17/2011    13    27    29    32    34    $0         0
                05/16/2011    01    02    03    16    35    $0         0
                05/14/2011    03    10    24    29    36    $0         0
                05/13/2011    01    19    26    31    36    $0         0

                ---------------

                They really should do away with that game, people should quit playing it.

                BibleOnline  ParishesOnline  ChristianRadioOnline   MassOnline   Mass

                "Ten measures of beauty descended to the world, nine were taken by Jerusalem."