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Powerball Sales at an 82 Month Low (in terms of tickets sold)

Topic closed. 8 replies. Last post 4 years ago by Stack47.

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Morrison, IL
United States
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May 13, 2004
1884 Posts
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Posted: June 28, 2012, 7:46 am - IP Logged

According to the TLC website, players purchased only 11.2 million tickets for last night's Powerball draw ($22.4 million in monetary terms, a five month low).  The last time fewer tickets were sold for a single drawing was for the draw of August 17, 2005, which sold only 10.5 million tickets, for an advertised jackpot of $13 million.  This also occurred when the matrix was 5/53 + 1/42, the advertised jackpot started at only $10 million and was paid in equal installments, the second place prize was only $100,000, and the third place prize was only $10,000, three game formats ago!  There is no way Powerball is going to continue with its $2 ticket price much longer.

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    United States
    Member #111442
    May 25, 2011
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    Posted: June 28, 2012, 8:34 am - IP Logged

    Your absolutely correct ryanm!!!

     

    Powerball has seen the error in it's ways.   Disapprove 

    That's why there should be an unveiling of a "New And Enhanced" price of $5.00 per ticket, any day now!  Banana

      RedStang's avatar - tallman zps6gf4inoc.jpg
      NY
      United States
      Member #121961
      January 21, 2012
      3159 Posts
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      Posted: June 28, 2012, 10:53 am - IP Logged

      Forty mill for 2$ is still a good deal, but there seems to be a nationwide boycott going on.

        RJOh's avatar - chipmunk
        mid-Ohio
        United States
        Member #9
        March 24, 2001
        19895 Posts
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        Posted: June 28, 2012, 11:02 am - IP Logged

        Forty mill for 2$ is still a good deal, but there seems to be a nationwide boycott going on.

        Not when you can buy a chance to win MM's $75M jackpot for a dollar.

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

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          Morrison, IL
          United States
          Member #4657
          May 13, 2004
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          Posted: June 28, 2012, 10:49 pm - IP Logged

          Your absolutely correct ryanm!!!

           

          Powerball has seen the error in it's ways.   Disapprove 

          That's why there should be an unveiling of a "New And Enhanced" price of $5.00 per ticket, any day now!  Banana

          Yeah, that could work, IF THEY UPPED THEIR OPENING JACKPOT TO $100 MILLION and had $25 minimum increases, and rolled back to the 5/55 + 1/42 matrix!! ha ha ha

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

            United States
            Member #124616
            March 16, 2012
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            Posted: June 29, 2012, 12:08 pm - IP Logged

            for a 2$ ticket I have a chance at a 33.2M$ jackpot on Saturday (6/30).

            for a 1$ ticket I have a chance at a 57.5M$ jackpot on Friday (6/29).

            WHAT were they thinking???

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              New Member

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              January 19, 2008
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              Posted: July 29, 2012, 9:22 am - IP Logged

              I've often wondered if it would help if the lower prizes (i.e. amount for Pball plus one, etc.) would be increased?  There must be a way to have the lower wins payout more, like a percentage of the jackpot (as in the PA Cash 5 game for 3 and 4 number wins).  I know from my experience that several members of the group I formed at work became very frustrated when we hit one number and the PBall when the jackpot was over $150 millions, and still only won $4 (same when we won a big $2 on MegaMillions when that jackpot was really high).  Perhaps this would help with ticket sales, since more people hit on the fewer numbers (even tho' we all wish for the big jackpots!).  Just a thought (from a newbie to the forum!).

                Guru101's avatar - rw6jhh
                Indiana
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                Member #48725
                January 7, 2007
                1958 Posts
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                Posted: July 29, 2012, 5:22 pm - IP Logged

                I didn't even buy a ticket for last night's Powerball drawing. $2 per ticket for 1 in 175,000,000 odds is just plain ridiculous. I haven't been playing Powerball or Mega Millions that much lately. Every so often I'll get one ticket for one of them, but now I'm staying focused on Hoosier Lotto. 1 in 12,271,512 for $13,500,000 sounds pretty good to me, and I always buy at least 5 lines, so my odds are at least 1 in 2,454,302. Of course, that's before I apply any filters in my system. 1 in 2,454,302 isn't exactly good, but it's certaintly way better than Powerball and Mega Millions, and at $13,500,000, that's enough to retire.

                Gonna win.Big Smile

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                  Kentucky
                  United States
                  Member #32652
                  February 14, 2006
                  7341 Posts
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                  Posted: July 30, 2012, 2:13 pm - IP Logged

                  I've often wondered if it would help if the lower prizes (i.e. amount for Pball plus one, etc.) would be increased?  There must be a way to have the lower wins payout more, like a percentage of the jackpot (as in the PA Cash 5 game for 3 and 4 number wins).  I know from my experience that several members of the group I formed at work became very frustrated when we hit one number and the PBall when the jackpot was over $150 millions, and still only won $4 (same when we won a big $2 on MegaMillions when that jackpot was really high).  Perhaps this would help with ticket sales, since more people hit on the fewer numbers (even tho' we all wish for the big jackpots!).  Just a thought (from a newbie to the forum!).

                  With a starting $40 million jackpot and minimum of $10 million increase when the jackpot isn't won, it's obvious PB is for players who want the highest possible payoffs for their $2 bet. With only 3.14% of all the tickets sold winning anything, it basically comes down to betting $2 to win the jackpot or $1 million (regardless of the odds) or winning nothing.

                  Raising the smaller secondary prizes would increase the average play, but the extra payoffs would lower the size of the jackpots and it would take much longer before the ticket sales double or triple. In the last jackpot run which ended in a $241 million jackpot, ticket sales averaged about 13.5 million for the first six drawings and didn't reach 20 million until after 11 drawings with a $164 million jackpot. The run ended after 14 drawings when 33 million tickets were sold for a $241 million jackpot. For comparison, MM sold 78 million tickets when it's jackpot was $241 million in March which is $12 million more in sales.

                  To get the higher jackpots the players must sacrifice the lower secondary prize payoffs. Most Pick-5 games give much better secondary prize payoffs but the jackpots are around $100,000. Scratch-offs account for the majority of play in most states so even though the statistics show players prefer more payoffs, the lotteries offer huge jackpot "winner take all" games too.

                  Some states offered "roll down" versions of jackpot games when the jackpot reached a certain amount, the secondary prizes were larger, but their jackpots are still substantially lower than the PB and MM jackpots.