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Weak Powerball Sales?

Topic closed. 147 replies. Last post 5 years ago by lottoguru$-!624.

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savagegoose's avatar - ProfilePho
adelaide sa
Australia
Member #37136
April 11, 2006
3315 Posts
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Posted: February 27, 2012, 12:50 am - IP Logged

god im all for dropping lower prizes altogether? i mean if you dont walk out with a wad of cash in your hand and a big grinn on your face, why bother  winning. $2 or $20 just doesnt do it for me..

 

anyhow could the jackpots slow so much  that it is 6 months between wins?

2014 = -1016; 2015= -1409; 2016  = -1171; 2017 = ?  TOT =  -3596

keno historic = -2291 ; 2015= -603; 2016= -424; 2017 = ? TOT = - 3318

    RJOh's avatar - chipmunk
    mid-Ohio
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    Posted: February 27, 2012, 1:14 am - IP Logged

    god im all for dropping lower prizes altogether? i mean if you dont walk out with a wad of cash in your hand and a big grinn on your face, why bother  winning. $2 or $20 just doesnt do it for me..

     

    anyhow could the jackpots slow so much  that it is 6 months between wins?

    People who don't play say a lot of things about lottery games that don't make sense. 

    Twenty years ago when Ohio had Super Lotto which was paying out jackpots of $50M+ and attracting players from all the neighboring states they decided to limit the amount one ticket could win to $20M because many wrote in suggesting that $20M was enough for any one player and would give more players a chance to win a $20M jackpot. 

    After they make that rule they found out the ones saying that weren't the ones buying the tickets and even though they got rid of that rule a year later they never sold as many tickets again.

    People who spend $5-$10 on tickets every week are happy to win $20 of money back even if it isn't life changing.

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

      savagegoose's avatar - ProfilePho
      adelaide sa
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      Posted: February 27, 2012, 1:48 am - IP Logged

      yeah i recall that story.

       are you saying im  not making sense? o well its only my opinion. i can see both sides of most arguments and hardly ever have the conviction to say someone opinion is wrong. here is a solution.

      you know at my local casino, they used to play a keno game with 2  versions. a high roller  and low roller  pay table i will call it.  1 was the standard payout you see at any keno game, and the other dropped the lower paying prizes and upped the higher ones.

      as an example

       

                   low  pay  high  pay

      spt 2/3       $2       $0

      spt 3 /3      $32      $60

       

      if a casino could manage that on their own you would think a lotto commission with an army of public servants could wrangle up an adventurous pay table.

       

      i can see what you're saying, i do like to  win my money back, and if i didnt win the crap prizes id win nothing at all. its just when the payouts where devised 20+ years ago , $20 or $100 was worth a bit.

      2014 = -1016; 2015= -1409; 2016  = -1171; 2017 = ?  TOT =  -3596

      keno historic = -2291 ; 2015= -603; 2016= -424; 2017 = ? TOT = - 3318

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        Posted: February 27, 2012, 2:15 am - IP Logged

        I agree with Rjoh, we need that cushion for lower tier prizes. I used to wonder why people played pick 3 and pick 4 how much do you win compared to how much you spend. That is not life changing amount. I used a 2+1 or especially 3+0 as benchmark for my success on winning powerball and Megamillions. For the past 7 months of playing PB, MM or Both every draw, I have not matched 3+0. My question is why is the new payout acceptable. We make the assumption that after playing all these year, they will cut us a check for $1 million each that is just not true. In 20 years you are likely to be coming to this site and talking how you gonna win.  So why is it necessary for player to have a target for 4+0 to get a small win. In a decade of playing powerball and megamillion I only matching 3+1 once. I think if players understood that, they would play less. If players spend $2 or $3 for 100 draws, I think they will become fatiqued with the payout.


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          Posted: February 27, 2012, 6:27 am - IP Logged

          "Here we go again"

          It's a anonymous message board where people can spread any type of BS as fact they like. Not saying that you're spreading BS, but it's obvious this isn't the first time your facts were challenged.

          "We need to "define" which "older" Powerball game"

          It's not necessary to define anything after you said "Just speaking for myself garyo, I obviously would love to win the elusive jackpot, but I'm also gunning also for that second prize of a cool $1,000,000 As you indicated the odd's have not changed for getting the first 5 white balls. So to kick in an extra buck to get a "guaranteed" $1 Mill. if you score all" because you were obviously talking about the "old PB", the drawing before the ticket price was changed to $2, but didn't know "old Power Play" guaranteed $1 million. The odds did change in 2009, but since you said "have not change" that has to be the "older PB game" you were referring to.

          "On January 4, 2009 according to Wikipedia, the Power play was then modified so that anyone spending the extra dollar for the Power play option  would automatically receive $1 million for the second tier prize of $200k. So all your graph's indicating a payout of $1 million for anyone who Powerplayed after this date, and hit all five white balls are correct."

          The Powerball site says beginning on that date "Match 5 with Power Play always wins $1,000,000 Cash" and ran yearly 10x Power Play promotions beginning in 2006. Anybody could kick in an extra buck to win a cool million for the past 3 years, but that option is gone because you can't no longer buy a $1 PB ticket.

          "Because me or any other member of this forum doesn't respond to every single post is no admission or denial of anything."

          It looked to me like you were correcting yourself when you posted "Just a correction to my own reply, it is also not an option when you get 5+0 to win $1,000,000 with Powerball. Just the standard $2/ticket." It certainly looks like you knew Power Play guaranteed $1 million before the ticket price was raised to $2 but still went on to say "There was no "GUARANTEE" to get $1 million  in the "OLD" Powerball with Powerplay." as if it was fact.

          "With the "current" rules and prize structure in place, for kicking in an extra buck I am gunning for that guaranteed $1 million, if I am fortunate enough to hit all five white balls again."

          This conversation started when you said  "Well I haven't hit the big one yet Cletu$, but I absolutely believe it is going to happen and soon!" and my remarks questioned an "absolute belief", but not spending the extra buck to back it up. Apparently now it's been down graded to "gunning for" just like the rest of us casual players who now must kick in an extra buck because that's the price of a ticket.

          "As others said, millions of players (like Brad Duke) probably "absolutely believe" they will win the jackpot too. I don't know if PB had the Power Play option in 2007."

          I never pretended I knew when Power Play began or when it was change to "Match 5 with Power Play always wins $1,000,000 Cash" but I knew it existed in 2010 and you did say "There was no "GUARANTEE" to get $1 million  in the "OLD" Powerball with Powerplay." I questioned why a "true believer" didn't get multiple tickets or Power Play if it was an option in 2007 (which it was) when $400,000 was the minimum win potential.

          I quoted the January, 2007 results from USA Mega which is Lottery Post's sister site. Knowing Todd's accuracy, it probably does say somewhere in the site when Power Play began guaranteeing $1 million, but I didn't see it. I just copied and pasted the results from the first drawing in 2007 and quoted the source.

          Good day to you again Stack! Sun Smiley

           

          Well at this point, it's becoming obvious that you have other agenda's beyond an LP crusader, fighting to help us clarify lottery prize structures.

          So here's the crux of your "issue", you question why a "true believer" didn't get multiple tickets or Power Play if it was an option in "07"   Crying

          Try to get over it Stack.........and yourself. You'll feel so much better, I promise!   Hyper

           

          With all your incredible knowledge, experience and passion for the lottery structure, why is it you haven't won at least one second tier prize?

          Tell you what Stack, I'll let you get back to what you really EXCEL at best...... copying, pasting and............... Rant 

           

           

           

          Have a lovely day!       Lovies

            THRIFTY's avatar - great seal_obverse.jpg
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            Posted: February 27, 2012, 9:16 am - IP Logged

            People who don't play say a lot of things about lottery games that don't make sense. 

            Twenty years ago when Ohio had Super Lotto which was paying out jackpots of $50M+ and attracting players from all the neighboring states they decided to limit the amount one ticket could win to $20M because many wrote in suggesting that $20M was enough for any one player and would give more players a chance to win a $20M jackpot. 

            After they make that rule they found out the ones saying that weren't the ones buying the tickets and even though they got rid of that rule a year later they never sold as many tickets again.

            People who spend $5-$10 on tickets every week are happy to win $20 of money back even if it isn't life changing.

            You are telling me that I will be happy to win back $20 after spending $5 to $10 a week on lottery tickets.

            Spending $260 to $520 annually on lottery tickets in order to win $20 once in a while is a losing proposition.

            They should raise lottery games prices to  $5 for a single line and lets see how you feel about that spending money on lottery games.

              rcbbuckeye's avatar - Lottery-043.jpg
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              Posted: February 27, 2012, 9:37 am - IP Logged

              You are telling me that I will be happy to win back $20 after spending $5 to $10 a week on lottery tickets.

              Spending $260 to $520 annually on lottery tickets in order to win $20 once in a while is a losing proposition.

              They should raise lottery games prices to  $5 for a single line and lets see how you feel about that spending money on lottery games.

              In Texas they sell scratchers for as much as $50. And they sell!!!

              Scratchers sell better than any online game in Texas, and I wouldn't be surprised if this is true in most if not all states.

              CAN'T WIN IF YOU'RE NOT IN

              A DOLLAR AND A DREAM (OR $2)

                THRIFTY's avatar - great seal_obverse.jpg
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                Posted: February 27, 2012, 9:45 am - IP Logged

                No one won last night, jackpot went from 60 million to 70 million . an increase of 10 million at $2.00 per ticket

                In comparison to MegaMillions, which is now 83 million, the previous Jackpot was 72 million and increase of 11 million at $1.00 per ticket

                 

                AND if u do a Cash Option comparision you go home with MORE with Mega millions.

                 

                Something is NOT Right hereSad Cheers

                Lottery games are a SUNK COST and an OPPORTUNITY COST even when you spend $1 since they return .50 cent on the $1 spent. Powerball returns like .93 cents on the $2 spent.

                They should raise Mega Millions and Powerball prices to $5 per line, that way lotteries games will banish.

                  New York's avatar - 103h4yr
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                  Posted: February 27, 2012, 9:50 am - IP Logged

                  Lottery games are a SUNK COST and an OPPORTUNITY COST even when you spend $1 since they return .50 cent on the $1 spent. Powerball returns like .93 cents on the $2 spent.

                  They should raise Mega Millions and Powerball prices to $5 per line, that way lotteries games will banish.

                  I disagree with this. Why would they raise the price to $5 per line?

                  Why would you want lottery games to banish? Honestly, you shouldn't be posting on LP if that's the case.

                    THRIFTY's avatar - great seal_obverse.jpg
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                    Posted: February 27, 2012, 9:55 am - IP Logged

                    I disagree with this. Why would they raise the price to $5 per line?

                    Why would you want lottery games to banish? Honestly, you shouldn't be posting on LP if that's the case.

                    " A lottery is a "Zero-sum game". What one group of participants gains in cash, the other group of participants must lose. If we made a list of all the participants in a lottery, it might include:

                    1) Federal Government (Lottery winnings are taxable)
                    2) State Governments (Again lottery winnings are taxable)
                    3) State Governments (Direct share of lottery ticket sales)
                    4) Merchants that sell tickets (Paid by the lottery organizers)
                    5) Lottery companies (Hint: They are not doing all this for free)
                    6) Advertisers and promoters (Paid by the lottery companies)
                    7) Lottery ticket buyers (Buy lottery tickets and receive payouts)

                    The winners in the above list are:
                    1) Federal Government
                    2) State Government (Taxes)
                    3) State Government (Direct share)
                    4) Merchants that sell tickets
                    5) Lottery companies
                    6) Advertisers and promoters

                    And the losers are:(Mathematically challenged and proud of it)."

                      New York's avatar - 103h4yr
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                      Posted: February 27, 2012, 10:01 am - IP Logged

                      " A lottery is a "Zero-sum game". What one group of participants gains in cash, the other group of participants must lose. If we made a list of all the participants in a lottery, it might include:

                      1) Federal Government (Lottery winnings are taxable)
                      2) State Governments (Again lottery winnings are taxable)
                      3) State Governments (Direct share of lottery ticket sales)
                      4) Merchants that sell tickets (Paid by the lottery organizers)
                      5) Lottery companies (Hint: They are not doing all this for free)
                      6) Advertisers and promoters (Paid by the lottery companies)
                      7) Lottery ticket buyers (Buy lottery tickets and receive payouts)

                      The winners in the above list are:
                      1) Federal Government
                      2) State Government (Taxes)
                      3) State Government (Direct share)
                      4) Merchants that sell tickets
                      5) Lottery companies
                      6) Advertisers and promoters

                      And the losers are:(Mathematically challenged and proud of it)."

                      It has always been this way. This is America and it's like this around the world. As for the losers, I disagree. They are not mathematically challenged lol.

                      Now, if no one is fine with the above list, then don't play the lottery. It's just that simple.

                        THRIFTY's avatar - great seal_obverse.jpg
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                        Posted: February 27, 2012, 10:20 am - IP Logged

                        It has always been this way. This is America and it's like this around the world. As for the losers, I disagree. They are not mathematically challenged lol.

                        Now, if no one is fine with the above list, then don't play the lottery. It's just that simple.

                        DO NOT LETH MATH FOOL YOU. SOMEONE WILL WIN A LOTTERY JACKPOT, THAT IS A FACT.

                        BUY A LOTTERY TICKET SPORADICALLY. IT IS GOOD TO HAVE A DREAM.

                        You know what, I changed my mind, We should keep spending billions of dollars on lotteries every year. Lets play on America.

                          New York's avatar - 103h4yr
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                          Posted: February 27, 2012, 10:23 am - IP Logged

                          DO NOT LETH MATH FOOL YOU. SOMEONE WILL WIN A LOTTERY JACKPOT, THAT IS A FACT.

                          BUY A LOTTERY TICKET SPORADICALLY. IT IS GOOD TO HAVE A DREAM.

                          You know what, I changed my mind, We should keep spending billions of dollars on lotteries every year. Lets play on America.

                          Yeah, no doubt. Thumbs Up

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                            Posted: February 27, 2012, 11:19 am - IP Logged

                            DO NOT LETH MATH FOOL YOU. SOMEONE WILL WIN A LOTTERY JACKPOT, THAT IS A FACT.

                            BUY A LOTTERY TICKET SPORADICALLY. IT IS GOOD TO HAVE A DREAM.

                            You know what, I changed my mind, We should keep spending billions of dollars on lotteries every year. Lets play on America.

                            You neglect to consider one of the most important elements for lottery players: entertainment.  That's worth something, right?  For $1 Mega Millions ticket, you get a chance to daydream and escape reality.  For $1 scratch ticket, you get a minute of suspense and excitement.  Sure, people play for a chance to win, but you severely underestimate the entertainment value of the lottery. 

                            Some people enjoy fine dining, going to the theatre or taking a nice vacation.  Others enjoy hiking, running and knitting.  Others people pick up a few scratchers and quick picks.

                              THRIFTY's avatar - great seal_obverse.jpg
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                              Posted: February 27, 2012, 1:20 pm - IP Logged

                              You neglect to consider one of the most important elements for lottery players: entertainment.  That's worth something, right?  For $1 Mega Millions ticket, you get a chance to daydream and escape reality.  For $1 scratch ticket, you get a minute of suspense and excitement.  Sure, people play for a chance to win, but you severely underestimate the entertainment value of the lottery. 

                              Some people enjoy fine dining, going to the theatre or taking a nice vacation.  Others enjoy hiking, running and knitting.  Others people pick up a few scratchers and quick picks.

                              Lotteries tickets are talismans of possible wealth.  I forgot that deatail.

                                 
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