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RJOh

100

mid-Ohio
United States
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March 24, 2001
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Jun 17, 2012, 1:48 pm

Now that MM and PB have similar payouts and cash prizes, ticket sales should tell the true story of prices difference effect on total sales. While PB will be forced to increase its jackpots by $10M regardless of tickets sales, it will be interesting to watch MM jackpot increase which is only dependent on tickets sales.

* you don't need to buy every combination, just the winning ones *
maximumfun

United States
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March 16, 2012
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Jun 17, 2012, 2:58 pm

its like a snail race
weshar75

Mcminnville, Oregon
United States
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December 13, 2003
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Jun 17, 2012, 7:44 pm

I hope that I win mega on tuesday night so I can take the cash option.-weshar75
Litebets27

Maryland
United States
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January 14, 2005
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Jun 17, 2012, 9:33 pm

Interesting!

Feeling, PRICELESS!!!

Come on Jackpot!!!
KY Floyd

NY
United States
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Jun 17, 2012, 10:19 pm

"ticket sales should tell the true story of prices difference effect on total sales."

Don't be too sure. Several times NY lotto has had a higher advertised jackpot than MM, and occasionally a higher cash value (which NY never advertises). Lotto also offers odds that are more than 7 times better. Both games cost $1. Sometimes the 2nd place lotto prize is even bigger theh MM's. Without fail, MM still sells far more tickets than lotto.

Of course people may think of MM as the big jackpot game compared to Lotto and it won't have that advantage over PB, but plenty of people don't choose which game they're going to play based on logic.
maximumfun

United States
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March 16, 2012
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Jun 20, 2012, 9:09 am

Looks like MM wins! (I just can not see how PB will bring its cash prize to in keeping to where MM now is... AND MM just had a healthy jump while PB will most likely be on their 'standard 10M$' still at this point)
Prob988

New Jersey
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September 4, 2005
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Jun 20, 2012, 1:43 pm

I'm not sure what anyone's doing, but it makes absolutely no sense to buy a Powerball ticket if one can buy MM
maximumfun

United States
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Jun 20, 2012, 2:12 pm

very simply and clearly put prob988.
mediabrat

upstate NY
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March 31, 2011
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Jun 20, 2012, 8:28 pm

Quote: Originally posted by KY Floyd on Jun 17, 2012
"ticket sales should tell the true story of prices difference effect on total sales."

Don't be too sure. Several times NY lotto has had a higher advertised jackpot than MM, and occasionally a higher cash value (which NY never advertises). Lotto also offers odds that are more than 7 times better. Both games cost $1. Sometimes the 2nd place lotto prize is even bigger theh MM's. Without fail, MM still sells far more tickets than lotto.

Of course people may think of MM as the big jackpot game compared to Lotto and it won't have that advantage over PB, but plenty of people don't choose which game they're going to play based on logic.

Perhaps advertising has something to do with it. I can't tell you the last time I saw an ad for Lotto; however, you can count on ads for PB and MM when their jackpots start getting into "exciting" territory. Also, I've seen a resurgence in the "little bit of luck" Take 5 campaign. And around here (Albany), we have highway billboards with the PB and MM jackpots, but I don't believe we have one for Lotto.

Anyway, the point is, without a lot of advertising to plant the idea of playing Lotto in the public's heads, the only people who will play Lotto are those who were already planning to do so (i.e. regulars) and possibly some who see the in-store advertising (signs and the electronic scroll above the lottery terminal) and buy on a whim.
ryanm

Morrison, IL
United States
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May 13, 2004
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Jun 21, 2012, 7:38 am

Quote: Originally posted by maximumfun on Jun 20, 2012
Looks like MM wins! (I just can not see how PB will bring its cash prize to in keeping to where MM now is... AND MM just had a healthy jump while PB will most likely be on their 'standard 10M$' still at this point)

From the looks of PB ticket sales, which are mirroring its last run's sales, the 'standard $10 million increases' will most likely continue until it gets to at least $100 million, maybe $110 million thanks to falling interest rates, again.

---
ryanm

Morrison, IL
United States
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Jun 24, 2012, 12:49 am

Wow, Powerball just got won right at the $60 million mark again, and this time, there weren't even any 2nd place winners. If people keep winning the jackpot before it rolls seven times, then Powerball will surely disappear, leaving Mega Millions the only multi-state giant jackpot game. Unfortunately, what will probably happen under such a scenario, is Mega Millions will double its ticket price.

---
maximumfun

United States
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March 16, 2012
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Jun 24, 2012, 12:51 am

Ryanm - I hope you are wrong. It's really nice having a 1$ ticket game.

and I was surprised to see no 5-0 winners myself! I'm guessing that it was NOT a quick pick winner.
RJOh

100

mid-Ohio
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March 24, 2001
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Jun 24, 2012, 10:07 am

Quote: Originally posted by ryanm on Jun 24, 2012
Wow, Powerball just got won right at the $60 million mark again, and this time, there weren't even any 2nd place winners. If people keep winning the jackpot before it rolls seven times, then Powerball will surely disappear, leaving Mega Millions the only multi-state giant jackpot game. Unfortunately, what will probably happen under such a scenario, is Mega Millions will double its ticket price.

PowerBall will change its matrix or its price before it ever disappeared and MM would have to consider if some states might ban together to create another $1 multi-state game if they ever abandon that market.

PowerBall wouldn't be the first $2 ticket game to fail and be replaced with a game closer to its older version. It happened in Ohio in 2007 when Lot'O Play was replaced by Classic Lotto a version of the 6/49 game it replaced a year earlier.

* you don't need to buy every combination, just the winning ones *
RedStang

NY
United States
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January 21, 2012
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Jun 24, 2012, 11:07 am

PB was the guinea pig to see how 2$ works out. It's a failure. Most peeps i see buy one pb. MM most likely won't change now.
KY Floyd

NY
United States
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October 16, 2005
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Jun 25, 2012, 12:34 pm

Sales are down. Income is up. It's easy to see that $2 PB is a complete success if you remember that its purpose is to earn income for the states.

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MM jackpot $47M/$36.1M and PB jackpot $50M/$33.3Prev TopicNext Topic

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