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MM jackpot $47M/$36.1M and PB jackpot $50M/$33.3

Topic closed. 23 replies. Last post 4 years ago by Prob988.

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RJOh's avatar - chipmunk
mid-Ohio
United States
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March 24, 2001
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Posted: June 17, 2012, 1:48 pm - IP Logged

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 more tickets, just buy a winning ticket * 
   
             Evil Looking       

    maximumfun's avatar - Lottery-030.jpg
    Lavender Rocket

    United States
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    Posted: June 17, 2012, 2:58 pm - IP Logged

    its like a snail race

      weshar75's avatar - Lottery-042.jpg
      Mcminnville, Oregon
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      December 13, 2003
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      Posted: June 17, 2012, 7:44 pm - IP Logged

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

        Litebets27's avatar - power
        Maryland
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        January 14, 2005
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        Posted: June 17, 2012, 9:33 pm - IP Logged

        Interesting!

        Feeling,  PRICELESS!!!Banana

        Come on Jackpot!!!

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          NY
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          October 16, 2005
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          Posted: June 17, 2012, 10:19 pm - IP Logged

          "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's avatar - Lottery-030.jpg
            Lavender Rocket

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            Posted: June 20, 2012, 9:09 am - IP Logged

            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)

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              New Jersey
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              Posted: June 20, 2012, 1:43 pm - IP Logged

              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's avatar - Lottery-030.jpg
                Lavender Rocket

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                Posted: June 20, 2012, 2:12 pm - IP Logged

                very simply and clearly put prob988.

                  mediabrat's avatar - 18z0typ
                  upstate NY
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                  March 31, 2011
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                  Posted: June 20, 2012, 8:28 pm - IP Logged

                  "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.

                  Patriot

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                    Morrison, IL
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                    Posted: June 21, 2012, 7:38 am - IP Logged

                    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.

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                      Morrison, IL
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                      Posted: June 24, 2012, 12:49 am - IP Logged

                      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.

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                        maximumfun's avatar - Lottery-030.jpg
                        Lavender Rocket

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                        Posted: June 24, 2012, 12:51 am - IP Logged

                        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's avatar - chipmunk
                          mid-Ohio
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                          Posted: June 24, 2012, 10:07 am - IP Logged

                          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 more tickets, just buy a winning ticket * 
                             
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                            RedStang's avatar - tallman zps6gf4inoc.jpg
                            NY
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                            Posted: June 24, 2012, 11:07 am - IP Logged

                            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.

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                              NY
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                              Posted: June 25, 2012, 12:34 pm - IP Logged

                              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.