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Will we see half a billion in 2012?

Topic closed. 9 replies. Last post 5 years ago by KY Floyd.

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November 21, 2010
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Posted: November 2, 2011, 12:51 am - IP Logged

With Powerball changing to $2 and the jackpots going up I think we will see a $500 million jackpot in 2012. I would think I would obvious that it will happen with the price increase.

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    Ohio
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    Posted: November 3, 2011, 11:45 pm - IP Logged

    With Powerball changing to $2 and the jackpots going up I think we will see a $500 million jackpot in 2012. I would think I would obvious that it will happen with the price increase.

    Who said something about the price increase for the Jackpot Games I never heard that before?  They probaly will try to cut the cost down of the Jackpot.  I don't think that is fair raising the Pot to Play they should raise the Jackpot even higher.

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      Posted: November 4, 2011, 1:41 pm - IP Logged

      Who said something about the price increase for the Jackpot Games I never heard that before?  They probaly will try to cut the cost down of the Jackpot.  I don't think that is fair raising the Pot to Play they should raise the Jackpot even higher.

      http://www.lotterypost.com/news/233316 See Ya!

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        Posted: November 4, 2011, 2:09 pm - IP Logged

        With the price increase, I think the Powerball jackpots will slow down just like the current Mega Millions Jackpot.

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          Delaware
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          Posted: November 4, 2011, 9:39 pm - IP Logged

          One thing i like about the price increase is that the jackpot will start at $40M instead of $20M

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            Mcminnville, Oregon
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            Posted: November 5, 2011, 12:11 am - IP Logged

            Not so fast their partner.  Because powerball has a match 5 rule for when they reach record jackpots and that is set at $390 million for the next time it is high.  They spread the wealth to other match 5 players instead of increasing the jackpot.  So it will only increase 25 million after the $390 million record so that is $415 million with the rest of it going to match 5 players pool.  So it will take at least 3 or 4 runs at the record before it hits the $500 million mark due to the match 5 pool rule they have in place.-weshar75


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              Posted: November 5, 2011, 1:28 am - IP Logged

              First off, it is spelled there. Second, it was just a question I posted. No need to be quick on the draw to noobies.

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                nashville
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                Posted: November 5, 2011, 2:36 am - IP Logged

                Not so fast their partner.  Because powerball has a match 5 rule for when they reach record jackpots and that is set at $390 million for the next time it is high.  They spread the wealth to other match 5 players instead of increasing the jackpot.  So it will only increase 25 million after the $390 million record so that is $415 million with the rest of it going to match 5 players pool.  So it will take at least 3 or 4 runs at the record before it hits the $500 million mark due to the match 5 pool rule they have in place.-weshar75

                On page 6 of the link "time treat" posted they mention the powerball cap being gone when they increase the cost to $2. I hope that is true because it would be exciting to see a $500 million jackpot.

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                  Kentucky
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                  Posted: November 7, 2011, 11:17 am - IP Logged

                  With the price increase, I think the Powerball jackpots will slow down just like the current Mega Millions Jackpot.

                  If MM remains at $1 tickets, it will be interesting to see if that game gets more play from former PB players. It's possible because of the PB ticket price increase that MM will be the first jackpot to exceed $1/2 billion.

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                    NY
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                    Posted: November 9, 2011, 12:22 am - IP Logged

                    The advertised jackpot for PB has passed 250 million 4 times in the last 26 months. When the price doubles the amount that goes to the jackpot will roughly double also. If the odds and ticket sales both remained the same we might expect to see advertised jackpots of 500 million or more every 6 or 8 months, on average. We already know that the odds will be slightly better, so it's a bit less likely to have sales that high before there's a winner. What we don't know is what will happen to sales volume. Assuming sales decline it will take longer to sell the same number of tickets, but once it reaches 250 to 300 million we'll still see serious increases in sales. We should see more really big jackpots, and I'm inclined to think there's a fairly good chance of reaching 500 million in 2012, but we may also see big sales that result in winners at 300 to 400 once it reaches that point where sales skyrocket.