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Powerball and Mega Millions both had $10 million increase

Topic closed. 9 replies. Last post 4 years ago by billionaire2bee.

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whiteballz's avatar - Lottery-015.jpg
Nutley, New Jersey
United States
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August 1, 2012
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Posted: August 19, 2012, 3:34 am - IP Logged

Powerball is 50 mil up from 40 mil. Mega Millions is now 55 mil from 45 mil. Why did Powerball only go up 10 mil?

Powerball tickets are twice the cost, so that should mean more money to make the jackpot grow faster, also since it was the drawing after the huge jackpot you'd think people bought mutli-draw tickets thinking the jackpot might roll.

    Nikkicute's avatar - nnjx1k
    Wisconsin
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    Posted: August 19, 2012, 4:47 am - IP Logged

    Let them roll and keep on rolling, I hope they both go up couple $100 million at the sametime lol

      hearsetrax's avatar - 0118

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      Posted: August 19, 2012, 6:46 am - IP Logged

      Powerball is 50 mil up from 40 mil. Mega Millions is now 55 mil from 45 mil. Why did Powerball only go up 10 mil?

      Powerball tickets are twice the cost, so that should mean more money to make the jackpot grow faster, also since it was the drawing after the huge jackpot you'd think people bought mutli-draw tickets thinking the jackpot might roll.

      BFHD

        ttech10's avatar - blobdude
        Texas
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        Posted: August 19, 2012, 9:38 am - IP Logged

        I don't think PB has had more than a $10m increase under the new format until it's around the $100m mark.


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          Posted: August 19, 2012, 10:05 am - IP Logged

          I don't think PB has had more than a $10m increase under the new format until it's around the $100m mark.

          It just proves that people have cut PB purchases in half to offset the new price.

            zinniagirl's avatar - flower avatar_0026.jpg
            nc
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            Posted: August 19, 2012, 12:51 pm - IP Logged

            It just proves that people have cut PB purchases in half to offset the new price.

            That and more likely for this past draw, people spent too much on Wednesday's draw.

              RJOh's avatar - chipmunk
              mid-Ohio
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              Posted: August 19, 2012, 3:34 pm - IP Logged

              When ever PB and MM jackpots are with $10-$20M of each other, PB is going to come up short because the odds per dollars spent of winning something are so much for MM plus MM cash value is probably more.

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

                THRIFTY's avatar - great seal_obverse.jpg
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                Posted: August 19, 2012, 4:36 pm - IP Logged

                Powerball is 50 mil up from 40 mil. Mega Millions is now 55 mil from 45 mil. Why did Powerball only go up 10 mil?

                Powerball tickets are twice the cost, so that should mean more money to make the jackpot grow faster, also since it was the drawing after the huge jackpot you'd think people bought mutli-draw tickets thinking the jackpot might roll.

                Powerball jackpots increase by a minimum of $10 Millions with each roll.

                US Flag

                PLAY THE LOTTERY SOMEDAY-IT IS OKAY TO DREAM!

                  RedStang's avatar - tallman zps6gf4inoc.jpg
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                  Posted: August 19, 2012, 6:41 pm - IP Logged

                  Guessing they keep the jackpots even so players buy both.


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                    Posted: August 19, 2012, 8:08 pm - IP Logged

                    I think it used to only go up by 5 million when the baseline was 20 million...so it is right....right?